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.”
