Zurich's Screening Eagle raises extension, closing round over €55 million for inspection tech platform

Zurich-based Screening Eagle Technologies has secured over €55.4 million (CHF 60 million) of funding, including an initial raise in April and a recent extension. The round was led by an unnamed family office. The inspection tech company offers a cloud-based platform that connects sensors, software and data to inspect assets and infrastructure in sectors such as construction, oil and gas, energy and transportation. Though Screening Eagle was technically founded in 2019, the company is actually a merger of Dreamlab, a Singapore-based software and robotics company and Proceq, a Swiss-based NDT company with a 65-year history in portable sensors. The result isover 220 employees across nine global offices with R&D technology hubs in Zürich, Málaga and Singapore. The new funding till go toward developing the product, hiring new talent and executing on some M&A opportunities.