Fire & Gas Detection Technologies
Flame Detectors for High-risk Industries
Company Overview
Snapshot
Founded in February 2017 by Yechiel Spector, Fire & Gas Detection Technologies operates with 11–50 employees. The company has raised $8.25M across one funding round. It became public on TASE in September 2020.
Business overview
Fire & Gas Detection Technologies (FGD) specializes in developing flame detectors for high-risk environments, including the oil and gas and petrochemical industries. Its core products, such as the IR3 and UV-IR flame detectors, offer rapid detection and extended range while minimizing false alarms. These detectors are engineered for reliable performance in challenging weather conditions and feature optional integrated HD video cameras for continuous recording and live streaming, enabling remote diagnostics and visual analysis of fire events. The company operates within the Industrial Technologies sector, focusing on B2B and B2G business models.
Strategic signal
In December 2023, Fire & Gas Detection Technologies announced plans to raise up to 20 million ILS (approximately $5.4 million USD) through a discounted offering. This move signals the company's intent to secure additional capital to support its operations and potentially fund growth initiatives, indicating a strategic financial maneuver to strengthen its market position.
Company Intelligence Q&A
- When was Fire & Gas Detection Technologies founded?
- Fire & Gas Detection Technologies was founded in February 2017 by Yechiel Spector.
- What is the primary focus of Fire & Gas Detection Technologies?
- Fire & Gas Detection Technologies specializes in manufacturing flame detectors for high-risk industries such as oil and gas and petrochemicals, focusing on reliable detection and false alarm immunity.
- When did Fire & Gas Detection Technologies go public?
- Fire & Gas Detection Technologies became public on TASE in September 2020.
- What is the company's total disclosed funding?
- Fire & Gas Detection Technologies has raised a total of $8.25M across one funding round.
- What was a significant financial development for the company in late 2023?
- In December 2023, Fire & Gas Detection Technologies announced its intention to raise up to 20 million ILS through a discounted offering.