Silixa Ltd. will begin global commercialization of its game-changing fibre optic sensing technology after an equity investment of $8 million from Statoil Technology Invest (STI) and Chevron Technology Ventures (CTV).

Building on earlier investment made by CTV and Lime Rock Partners, the latest investment cements Silixa's position as a company with an exceptional potential for growth. Within five years, the company has blossomed from a garage start-up into a specialist service company backed by three of world's leading private equity investors from the energy sector.

'We are very excited to ...