Octopus backs Phase Vision

Phase Vision, a manufacturer of optical inspection tools, has received £1.1 million from funds managed by Octopus Ventures.


Phase Vision, a manufacturer of optical inspection tools, has received £1.1 million from funds managed by Octopus Ventures.

Phase Vision, a manufacturer of optical inspection tools, has received £1.1 million from funds managed by Octopus Ventures.

The money was provided by the Octopus Titan VCTs 1, 2 and 3, Octopus Eureka, and the Octopus Investor Group, a network of private individuals who invest alongside Octopus’s funds. It gives Octopus Ventures a ‘significant minority stake’ in the business, whose products for high-speed, three-dimensional shape measurement are to be commercially released later this year.

Alex Macpherson, chief executive of Octopus Ventures, says, ‘There is a huge opportunity to implement Phase Vision’s technology across a wide range of industries, especially in the science and engineering sectors [and in] the metrology market.’

Phase Vision specialises in the measurement of large industrial items with free-form or curved surfaces, such as ship propellers and aircraft wings. It claims its products can measure such objects to ‘micro-scale accuracy’ and with greater cost efficiency than existing processes.

Nick Britton

Nick Britton

Nick was the Managing Editor for growthbusiness.co.uk when it was owned by Vitesse Media, before moving on to become Head of Investment Group and Editor at What Investment and thence to Head of Intermediary...

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