ADVERTISEMENT
Press release content from Business Wire. The AP news staff was not involved in its creation.
PRESS RELEASE: Paid content from Business Wire
Press release content from Business Wire. The AP news staff was not involved in its creation.

Scope Inspection & Safety Technology Secures Angel Investment

January 12, 2022 GMT
Scope sensors have been designed to work in line with operations, or as a standalone off-line unit for convenient usage across vessels. (Photo: Business Wire)
1 of 2
Scope sensors have been designed to work in line with operations, or as a standalone off-line unit for convenient usage across vessels. (Photo: Business Wire)
1 of 2
Scope sensors have been designed to work in line with operations, or as a standalone off-line unit for convenient usage across vessels. (Photo: Business Wire)

HOUSTON--(BUSINESS WIRE)--Jan 12, 2022--

Scope Computer Vision Technologies, an inspection automation company that builds deep learning vision systems, today announced it has raised substantial funding from private investors across the state of Texas. The investment will help drive product development and market education around automated inspection in the utility industry.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220112005949/en/

Scope sensors have been designed to work in line with operations, or as a standalone off-line unit for convenient usage across vessels. (Photo: Business Wire)

ADVERTISEMENT

“This investment fuels our ongoing commitment to revolutionizing the way people inspect critical product applications in zero-fail situations,” CEO Justin McCoy said. “In circumstances where people’s lives rely on a product’s ability to perform, we must be able to accurately assess that product’s health every time it is used.”

Launched in the summer of 2019, Scope is developing automated inspection technology that assesses high performance synthetic rope for manufacturers and operators of utility stringing equipment and users in the maritime industry such as tugboats and mooring systems. This is the first outside investment that the company has taken on.

“Prior to Scope, standard best practice was to inspect miles of synthetic rope by hand, visually looking for damaged areas and making a judgement call on whether the line was safe to use,” explains COO Mike Poroo. “Our technology automates this labor intensive task in real-time, in line with operations, with higher accuracy.”

Scope’s first product, Scope Control, is due to release in the Spring of 2022. The product will be a standalone unit that is positioned between pullers to inspect long distances of stringing lines. “With this product we aim to prove that the technology can be relied on as a form of measurement for the quality of a line,” Justin McCoy continued. “The industry is in dire need of a tool to standardize inspection practices.”

ADVERTISEMENT

The Scope Control device uses the latest in sensor and camera technology paired with deep learning neural networks in order to recognize and grade the severity of damage modes that it detects on a stringing line. This is a significant shift from manual visual inspection where an operator is expected to accurately inspect miles of rope at a time. With manual visual inspection, results can vary as much as 45% from person to person, whereas the Scope Control technology is as consistent as only automation can be. Operators can continuously monitor line health in real time with high precision.

The product’s neural networks were trained to a very high level of accuracy through another Scope product, Scope Capture, which Scope developed for manufacturers of rope. Scope Capture enables manufacturers to build accurate recognition models that are specific to their own rope products.

Scope founders believe that users of rope will demand highly accurate models from manufacturers of rope products, and Scope can serve both ends of the technology spectrum.

“We can equip both the manufacturer and the user of rope products in a way that establishes a common reference for the quality of a rope that is consistent across the industry, resulting in compliance that is realizable and maintainable.”

About Scope

Scope is an automated inspection company founded in 2019 to improve safety and compliance in industries that utilize synthetic rope. The company’s products Scope Capture and Scope Control leverage artificial intelligence and machine learning to identify defects and damage in high performance rope, assess the severity of the damaged areas and how they relate to one another, grade them, and communicate what actions are required to resolve those conditions. This is accomplished in real time, in line with operations, at a higher-than-human accuracy, with software that is self-improving. Learn more at visionbyscope.com.

View source version on businesswire.com:https://www.businesswire.com/news/home/20220112005949/en/

CONTACT: Justin McCoy, Scope Founder & CEO

713-894-9592

justin@visionbyscope.com

KEYWORD: UNITED STATES NORTH AMERICA TEXAS LOUISIANA

INDUSTRY KEYWORD: TECHNOLOGY AUDIO/VIDEO CHEMICALS/PLASTICS MANUFACTURING OIL/GAS ENERGY MARITIME TRANSPORT OTHER TECHNOLOGY MINING/MINERALS SOFTWARE NATURAL RESOURCES HARDWARE ELECTRONIC DESIGN AUTOMATION

SOURCE: Scope

Copyright Business Wire 2022.

PUB: 01/12/2022 04:34 PM/DISC: 01/12/2022 04:34 PM

http://www.businesswire.com/news/home/20220112005949/en