ANN ARBOR, Michigan, November 14, 2024. Sniffer Robotics, Inc., a leading technology-enabled environmental services firm, today announced it has closed a $1.25M equity round to fund the company’s growth into new markets and service offerings.
Since completing its $2M Seed Series Round in the spring of 2023, Sniffer Robotics has made substantial progress in expanding its market reach in the core municipal landfill market and expanding into adjacent markets and geographies.
Key accomplishments over the past 18 months include:
Expansion of the U.S. client base, served primarily by Sniffer operational teams.
Global expansion through international partnerships, including current operations in Canada and Argentina, and anticipated future growth in Latin America and Europe.
Growth beyond its origins in the landfill monitoring sector, including monitoring and remediation in the Agricultural, BioGas and Renewable Natural Gas (RNG) sectors.
Development of Generation 2.0 of the SnifferDRONE™ CH4, which will enable additional service offerings based on Sniffer’s patented methane detection technology.
Development of SnifferDRONE™ H2S, a groundbreaking Unmanned Aerial System that enables unprecedented detection of odorous hydrogen sulfide emissions.
CEO Bill Tennant said “We are very excited about our progress and the clear path to future growth. The response to this capital raise was amazing, with substantially all funds provided by existing investors. Their enthusiasm enabled us to close the round quickly, allowing us to stay focused on current operations and our key growth initiatives. I'm very grateful to our investors who see the value we offer our customers and the environment. We are eager to harness the momentum and continue to drive shareholder value by delivering environmental and operational benefits for the customers we serve domestically and internationally.
Board Chairman, Robert Kennedy added that “the company has transitioned from plucky start-up to an industry leader. Over the past 18 months, Sniffer has achieved strong endorsements from regulators, gained momentum with its core customers, and received increasing interest from international and adjacent markets. The recent capital raise allows Sniffer to both scale quickly in core markets and extend its range of services targeted at new sectors.”
Barnes and Thornburg assisted Sniffer Robotics as legal counsel in the financing.
Sniffer Robotics is a leading technology-enabled environmental services firm that serves waste, natural gas, biogas, and related industries. Sniffer's technologies and services improve emission detection and measurement, odor leak identification, and revenue generation from increased gas capture for conversion to energy. To date, Sniffer has completed projects in 32 states on 150+ sites, identifying 16,500+ methane leak sources for remediation. Improving operations and our environment, Sniffer provides aerial (drone-based) and field services, automation tools, and comprehensive software analytics and reporting solutions.
SOURCE Sniffer Robotics, Inc.
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