Aloxy is ready to scale up and is seeking Series B funding of 5-6 million to further expand their operations.

Aloxy: Reducing Human Error and Enhancing Safety in the O&G Industry

Aloxy, a Belgium-based tech startup with a satellite office in Austin, USA, has developed an innovative IoT solution aimed at increasing safety in industrial environments by monitoring the position of manual valves. Their technology utilizes wireless communication and a cloud platform to detect valve positions in real-time, addressing one of the leading causes of incidents in the oil and gas (O&G) industry: human error.

Reports indicate that 70-80% of incidents in the O&G sector are caused by human error, with manual valve operation frequently cited as a contributing factor. By monitoring these valves, Aloxy's solution helps detect mistakes early, potentially preventing accidents and improving overall safety in process environments.

The technology, developed as a spinoff from the University of Antwerp and IMEC, is already patented and has been tested and accepted by several O&G majors across Europe, the USA, the Middle East, and Asia. Aloxy is now ready to scale up and is seeking Series B funding of 5-6 million to further expand their operations.

Investors interested in being part of this growth phase are encouraged to connect with Aloxy as they continue to enhance industrial safety through advanced technology.

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