Stringray Geophysical has secured £6.6 million capital from a venture capital consortium led by Energy Ventures and including Hydro Technology Ventures and Chevron Technology Ventures. QinetiQ holds a 19.9% share in Stingray Geophysical.

The Technology was originally developed in the mid-nineteen eighties where its small size, high sensor count and extreme robustness were attractive for anti-submarine warfare applications.

The oil and gas industry is now benefiting from the development of this technology and Stingray is "listening with light" to enable reliable and cost effective permanent reservoir monitoring.

Stingray has implemented a leveraged business model building on nearly thirty years and tens of millions of dollars of investment in advanced fibre sensing technology and leveraging carefully selected partners who form part of our extended enterprise.