Novinium

company

About

Novinium brings together the industry’s most experienced cable rejuvenation specialists.

  • Auburn,Washington,United States
  • 101 - 250

Details

Last Funding Type
Series Unknown
Last Funding Money Raised
$19.73M
Industries
Chemical,Industrial,Mechanical Engineering
Founded date
Jan 1, 2003
Number Of Employee
101 - 250
Operating Status
Active
Legal Name
Novinium, Inc.

Novinium maximizes the ROI of cable-reliability programs with rehabilitation solutions that result in less cable being replaced, reduce hazard exposure, require shorter outages, and offer up to a 40-year warranty. Whether performing turnkey rehabilitation or tailored rejuvenation, only Novinium, with its proprietary technology and process flexibility, delivers more rehabilitation at the lowest total cost per foot.

Underground cable rejuvenation goes by several names, including chemical restoration, dielectric enhancement, cable treatment, and silicone injection. Whatever the name, Novinium and its partners deliver the most advanced formulations and methods for extending the reliable life of underground cable. They offer a full spectrum of cable-rejuvenation technologies to provide the highest level of circuit system reliability — always with the least capital intensity and the most advantageous life-cycle cost.

All of the commercially significant cable-rejuvenation technologies in use around the world were invented by Novinium founders and their Novinium teammates. The Novinium team brings together the industry’s most experienced cable-rejuvenation specialists.

That experience, combined with unrelenting process and technology improvements, means that circuit owners benefit from improved circuit reliability and the lowest capital cost. Their customers see immediate, tangible results: capital investments in their technologies have saved over US$1 billion globally, and that number grows every day.

Circuit owners around the world have come to rely upon the rejuvenation technology and advancements invented by their experts. Only Novinium can offer circuit owners access to the most knowledgeable rehabilitation team in the world. Providing twice the life and twice the reliability for your cables, Novinium offers circuit owners a portfolio of injection fluids and injection processes that can be tailored to your needs.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
3
$19.73M
Novinium has raised a total of $19.73M in funding over 2 rounds. Their latest funding was raised on Apr 15, 2016 from a Series D round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
Apr 15, 2016 Series D 1 Detail
Mar 24, 2015 Series Unknown $19.73M 1 SJF Ventures Detail
Mar 19, 2015 Series C 1 Detail

Investors

Number of Lead Investors
Number of Investors
1
2
Novinium is funded by 2 investors. SJF Ventures and ClearSky are the most recent investors.
Investor Name Lead Investor Funding Round
SJF Ventures Yes Series Unknown
ClearSky Series D

Employee Profiles

Number of Employee Profiles
4
Novinium has 4 current employee profiles, including Executive Glen Bertini
Executive
Board member
Board member
Executive

Acquisition

Novinium has acquired 1 organizations. Their most recent acquisition was UtilX Corporation on Mar 19, 2015. They acquired UtilX Corporation for 0.

Date Company Name
Industry Acquisition Type Price
Mar 19, 2015 UtilX Corporation
Information Technology acquisition Detail