Qi2

Overview

Quest Integrated, LLC (“Qi2”) designs and develops advanced robotic sensor systems to inspect, assess and monitor the condition of critical energy infrastructure
The company’s robotic sensor solutions provide for best in class non-destructive testing (“NDT”) services that allow for improved safety, coverage, accuracy, reliability and efficiency of inspection for oil & gas operators to significantly decrease costs

Qi2 was historically an engineering development company, which patented technologies across various industries and sought to exit companies that commercialized
The company had recently built strong traction in NDT technology in the oilfield and was seeking to transition from an engineering development company to a tech-enabled oilfield services provider
Qi2 engaged Cascadia to identify interested partners

Cascadia acted as a financial advisor to Qi2 and reached out to a number of interested parties and identified several groups that shared similar strategies in NDT for the oilfield
The advisory team positioned Qi2’s technology as the platform with greatest potential of disrupting NDT technologies operating in the oilfield today, and drew on the management team’s prior success at developing the technologies used in the industry to date
After a competitive process, a leading energy technology growth capital firm invested substantial capital into Qi2