HiSeis is a a seismic exploration know-how firm. Photograph: HiSeis
Fleet House Applied sciences has acquired HiSeis, a seismic exploration know-how firm. Fleet House introduced the acquisition on Wednesday, saying it’s going to combine HiSeis’ seismic options into its ExoSphere platform, which is used for mineral exploration.
That is Fleet House’s first acquisition. Monetary phrases of the deal weren’t disclosed.
HiSeis is predicated in Perth, Western Australia. Its enterprise focuses on laborious rock seismic know-how. The corporate’s energetic seismic know-how works by sending seismic vitality into the bottom measuring the vitality returned to the floor after bouncing off of geological options deep underground. HiSeis then makes use of processing instruments to create a coherent picture of the mirrored vitality to interpret the complexity of mineral deposits and help with drill-targeting choice.
Fleet House mentioned it’s going to incorporate HiSeis knowledge acquisition strategies into its ExoSphere platform. Fleet House at present makes use of patented sensors and a small satellite tv for pc community and proprietary AI fashions to assist the invention of vital minerals.
Fleet House CEO Flavia Tata Nardini commented that this mix will generate “exabytes of high-quality exploration knowledge” that can lead for quicker exploration for the mining trade.
“With this acquisition, Fleet House is poised to radically remodel seismic imaging on a worldwide scale. By integrating HiSeis’ progressive seismic options with ExoSphere we’ll enormously develop scalability whereas additional decreasing the time and environmental impression related to buying high-resolution energetic seismic knowledge,” commented CTO and Product Officer, Dr. Hemant Chaurasia.
This acquisition comes after Fleet House raised $100 million in a Series D funding round on the finish of 2024.
