LongPath Technologies, a Boulder, CO-based provider of patented continuous emissions detection and quantification technology, raised $22M in Series A funding.
The round was led by White Deer, with participation from Buff Gold Ventures, ProFrac (NASDAQ: ACDC), and Williams (NYSE: WMB).
The company intends to use the funds to scale up deployments across existing and new customers and markets and further develop its technology platform for use across broader energy and industrial infrastructure, including across the oil and gas, waste management, mining, and urban monitoring sectors.
Led by CEO Ian Dickinson, LongPath Technologies is a provider of scalable technology to continuously monitor and quantify methane emissions. Its system offers flexible ranges of coverage, from a single site to 20+ sites across 20 square miles. The company solution provides operators with real-time, actionable insights via quantification and equipment-level localization capabilities vetted through a peer-reviewed blind-tested methodology.
LongPath systems allow operators to tailor measurement frequency, quantification rigor, detection thresholds, and alert modality to match facility types, operational goals, and budget constraints.