Midwich Ignite invests in video flame detector business
Midwich Ignite, the corporate venture capital arm of Midwich Group, has announced a strategic investment in Ciqurix, a pioneer of video flame detection technology.
Based in the UK but with customers across the globe, Ciqurix’s solutions are designed to detect fire in challenging environments where traditional heat or smoke detection is ineffective. These include industrial areas, damp or wet environments, extreme temperatures (both high and low), and outside areas such as waste management plants.
Ciqurix CORE, the business’s flagship product, is a revolutionary system that uses infrared and video analytics to detect fire with unprecedented accuracy and range.
Midwich Ignite acted as lead investor in the funding round and will take a seat on the board. The funding will be used to help Ciqurix achieve accreditation under the new fire standard LPS1976, which will make the CORE the only accredited product on the market.
Will Fenby, Investment Manager at Midwich Ignite, said:
“We are delighted to be partnering with Ciqurix at this pivotal moment in the company’s development. We have been highly impressed by the team’s innovative approach to fire safety technology, with the company instrumental in drafting the new standard for VFDs, and believe the business is well-placed to take advantage of new regulatory tailwinds.
“We look forward to working with the Ciqurix team and supporting them through the next stage of growth.”
Paul Seligman, CEO of Ciqurix, added:
“Partnering with Midwich represents an exceptional opportunity for us to broaden the reach of our FCam CORE system. With their industry expertise and global network, we’re well-positioned to expand our market and advance the adoption of video flame detection worldwide. It’s a very exciting move for our company and we’re delighted to be working with Midwich Ignite.”
For more information on Ciqurix and its products, please visit: https://www.ciqurix.com/.
Alternatively, to discuss investment opportunities, please visit https://www.midwichignite.com/.
ENDS
About Midwich Ignite
Investing in businesses that power our industry.
Midwich Ignite is the corporate venture capital arm of the Midwich Group, operating as a standalone enterprise while utilising the Group’s global connections and expertise garnered over 45 years.
With a focus on investments in high-growth start-ups and scale-ups within AV and the wider technology ecosystem globally, Midwich Ignite seeks to invest in innovative companies shaping the future of the industry.
Key sectors for investment include:
- emerging AV technologies,
- smart and connected spaces,
- hospitality and event technology,
- robotics and automation.
For more information or investment opportunities, visit: https://www.midwichignite.com/.
About Ciqurix
Ciqurix is a UK-based leader in B2B video flame detection technology, headquartered in Paignton, Devon. Our flagship product, Ciqurix CORE, uses advanced infrared and video analytics to deliver rapid, long-range fire detection with exceptional accuracy.
With its unparalleled accuracy and speed, the CORE system is ideal for challenging environments like waste management facilities, warehouses, industrial sites and anywhere that traditional heat and smoke detectors cannot safeguard effectively due to high airflow, dirty air, or extreme temperatures. Additionally, our commitment to meeting Environment Agency standards makes the CORE an attractive option for distributors, end users and insurers alike.