Scope, a Houston, Texas-based provider of AI-powered inspections for the industrial landscape, has received a strategic growth investment.
Investors
The investment came from Black Bay, a private equity firm specializing in strategic growth capital investments within the energy industry and related chemical and industrial sectors. The firm seeks to generate strong and consistent investment returns in partnership with innovative companies that make sourcing, delivering, and consuming energy cleaner, safer, more reliable, and more affordable. Based in New Orleans, LA, Black Bay is currently investing from its second fund.
Scope Use of Funds
The investment will allow Scope to rapidly accelerate its growth across North America, expand its AI product suite into adjacent market applications, and support its global expansion.
About Scope
Founded in 2019 by Justin McCoy and Mike Poroo, Scope provides AI-powered inspection solutions for heavy industrial sectors, particularly focusing on electric utilities and critical infrastructure. Headquartered in Houston, Texas, the company combines industry expertise with advanced AI research to develop a patent-pending inspection platform using computer vision and deep learning. This platform predicts the health and integrity of synthetic and wire rope applications. Since launching its flagship product in 2023, Scope has rapidly expanded, inspecting over 100 million feet of utility stringing lines across North America.
Funding Details
Company: Scope Computer Vision Technologies Corp
Raised: Undisclosed
Round: Strategic Growth
Funding Date: March 2025
Lead Investor: Black Bay Partners
Additional Investors:
Company Website: https://visionbyscope.com/
Software Category: AI Inspections
Source: https://www.businesswire.com/news/home/20250311623281/en/Scope-Announces-Strategic-Investment-from-Black-Bay-Partners-to-Scale-AI-Inspection-Platform