Wirescan Secures Strategic Investment from Adara Ventures and Strengthens Leadership Team — Wirescan
Summary
This marks the second investment of the Adara Ventures Energy Fund, the firms first thematic fund.Developed in Norway at the Institute for Energy Technology (IFE) by Paolo Franco Fantoni, Wirescans patented LIRA (Line Impedance Resonance Analysis) Technology was designed to address the pressing need for a non-destructive way to test and assess the condition of cables in nuclear power plants. Today, Wirescans LIRA technology has become a trusted and globally recognised solution for evaluating and monitoring cable conditions, with a strong track record of success across industries and regions particularly in monitoring subsea cables used in offshore wind farms.With more than 20 years of experience scaling deep-tech companies, Adara Ventures is uniquely positioned to support Wirescan in its mission to expand the market presence of its proprietary LIRA Technology for evaluating and monitoring cable conditions.Alongside this new investment, Wirescan is pleased to welcome two new exceptional leaders to its management team. Joining forces with CEO Morten Husbey, Wirescan has appointed Jo Inge Buskenes as the companys new Chief Technology Officer (CTO), and Artem Lytkin as the new Chief Commercial Officer (CCO).With a strong academic background in signal processing and related industrial applications, Buskenes brings extensive expertise in technology and research having prior experience at the University of Oslo and the Norwegian Defense Research Establishment. Prior to joining Wirescan, he held executive roles at PGS and Aker Solutions, leading global expansion and commercial strategy initiatives. The companys patented LIRA (Line Impedance Resonance Analysis) Technology is trusted by organisations across industries, providing actionable insights to reduce downtime and optimise operations.
Funding
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