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Scope Announces Strategic Investment from Black Bay Partners to Scale AI Inspection Platform

Scope Announces Strategic Investment from Black Bay Partners to Scale AI Inspection Platform

March 20, 2025 Craig Etkin

HOUSTON–(BUSINESS WIRE)–Scope Computer Vision Technologies Corp (“Scope”), a leading provider of AI-powered inspections for the industrial landscape, is pleased to announce a strategic growth investment from Black Bay Partners (“Black Bay”). This investment will allow Scope to rapidly accelerate its growth across North America, expand its AI product suite into adjacent market applications, and support the company’s global expansion alongside its existing customer base.

Scope has built an extensive reputation in the utility services sector, pioneering the use of industrial AI-powered inspection for transmission and distribution projects across North America. With increasing demand for automated inspection solutions across energy, infrastructure, and other heavy industries, Scope is poised to drive the next wave of AI innovation in these critical sectors.

“Scope’s AI-powered inspection technology is transforming how heavy industries ensure operational integrity, mitigate risks, and optimize asset performance. With this new partnership, the Company is well-positioned to advance its product offerings, scale its presence, and extend its leadership in the global inspection market,” said Tom Ambrose, Partner at Black Bay. Sam Scofield, Principal at Black Bay, added “Scope’s proven success in the utility services market and the team’s relentless drive to innovate have already set a new standard for operational safety procedures. We’re excited to partner with Justin McCoy (Co-Founder & CEO), Mike Poroo (Co-Founder & President), Arthur Medina (COO) and the entire Scope team as they accelerate growth, expand into new markets, and build a future where smart inspections – powered by a cutting-edge suite of computer vision models – improve safety and economics for clients.”

“AI-driven computer vision isn’t replacing human expertise—it’s supercharging it,” said Joel Hron, CTO of Thomson Reuters and Scope Board Member. “With unprecedented accuracy, Scope’s platform amplifies an inspector’s ability to detect risks and assess infrastructure, turning human judgment into hyper-informed, data-driven decisions. This isn’t just about improving safety and reliability – it’s about empowering people to achieve what was once impossible, at a speed and scale that can redefine industries. With this investment, we’re accelerating a future where human ingenuity and AI collaborate seamlessly to protect critical infrastructure and the communities that depend on it.”

Justin McCoy, CEO & Co-Founder of Scope, emphasized the company’s commitment to delivering impactful AI platforms for industrial applications. “Today marks a pivotal step in our mission to redefine real-time visual inspections – a critical backbone for industries worldwide. This funding accelerates our ability to deliver transformative AI-powered solutions with unmatched speed and precision, empowering sectors from electric utilities and offshore oil & gas to global infrastructure, with the goal of operating smarter, safer, and more efficiently. With Black Bay’s partnership, we’re poised to scale innovation, enter new markets, and solidify our leadership in delivering intelligent real-time inspections. Our unique fusion of applied AI, deep industry expertise, and frontier data doesn’t just set us apart – it fuels our relentless drive to shape the future of how the world sees, analyzes, and acts.”

About Black Bay Partners

Black Bay is an established, dynamic, lower middle-market private equity firm specializing in strategic growth capital investments within the energy industry and related chemical and industrial sectors. We seek to generate strong and consistent investment returns in partnership with innovative companies that make sourcing, delivering, and consuming energy cleaner, safer, more reliable, and more affordable. Black Bay is currently investing out of its second fund and is based in New Orleans, LA. For more information, please visit www.blackbaypartners.com.

About Scope

Founded in 2019 by Justin McCoy and Mike Poroo, Scope is a leading provider of AI-powered inspection solutions designed for heavy industrial applications, with a strategic focus on electric utilities and critical infrastructure. Headquartered in Houston, Texas, Scope combines deep industry expertise with cutting-edge applied AI research, developing a patent-pending inspection platform that leverages computer vision and deep learning to predict the health and integrity of synthetic and wire rope applications. Since launching its flagship product in 2023, Scope has rapidly expanded, deploying systems across North America and inspecting over 100 million feet of utility stringing lines. The company’s innovative approach has set a new industry standard for operational safety and efficiency, significantly enhancing inspectors’ ability to detect risks and optimize asset performance. For more information, please visit www.visionbyscope.com

Contacts

Arthur Medina, COO
arthur@visionbyscope.com

(c)2025 Business Wire, Inc., All rights reserved.


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Kimberly-Clark Corporation, one of the world's leading manufacturers of personal care and hygiene products, will establish an $800 million advanced manufacturing facility in Trumbull County, bringing an anticipated 491 new high-quality jobs. For Kimberly-Clark, this new facility would be its first in Ohio and represents not just a strategic expansion, but a decisive step in doubling down on growth in the American market. Spread across more than one million square feet, the Warren facility will provide the manufacturing capacity needed to unleash future growth for Kimberly-Clark’s fastest-growing personal care categories that include Baby & Child Care and Adult & Feminine Care. Warren is in geographic proximity to roughly 117 million consumers and will serve as a strategic hub for the Northeast and Midwest regions. Construction is expected to begin this month and will take up to two years.

In a statement Tamera Fenske, chief supply chain officer at Kimberly-Clark said, “Our investment in Warren is a pivotal step forward in our North America business and strategy.” “By establishing a new, state-of-the-art manufacturing facility in Ohio, we’re enhancing our ability to serve millions of consumers across the Midwest and Northeast with greater speed, agility, and resilience. It’s a once-in-a-career opportunity to build a facility from the ground up that reflects the future of manufacturing, and with the support of local partners like JobsOhio, the Department of Development, Lake to River, Western Reserve Port Authority, and local governments, we have the unique opportunity to create high-quality jobs and long-term economic impact in the region.”

Based in Dallas and employing 46,000 people in 34 countries, the company’s portfolio of brands also includes Huggies, Kleenex, Scott, Kotex, Cottonelle, Poise, Depend, Andrex, Pull-Ups, GoodNites, Intimus, Plenitud, Sweety, Softex, Viva and WypAll. Its products are sold in more than 175 countries and territories.
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Snorkel AI announced general availability of two new product offerings on the Snorkel AI Data Development Platform: Snorkel Evaluate and Snorkel Expert Data-as-a-Service. These launches advance its mission to turn knowledge into specialized AI—helping teams move from prototype to production at scale by leveraging Snorkel AI’s programmatic data development technology. In addition, Snorkel AI announced it has raised $100 million in Series D funding at a $1.3 billion valuation, led by Addition. This new funding will fuel continued research and innovation in evaluating and tuning specialized AI systems with expert data.


In a statement Alex Ratner, Co-founder and CEO of Snorkel AI said, “We are seeing a surge of momentum around agentic AI, but specialized enterprise agents aren’t ready for production in most settings.” “Enterprises need domain-specific data and expertise to make this a reality. We’re excited to deliver on this need and help AI innovators develop expert data to bring their LLM and agentic systems into production with our new offerings, which round out Snorkel’s unified AI data development stack.”

Snorkel AI is building the Snorkel AI Data Development Platform for evaluating and tuning specialized AI at scale. Snorkel AI’s offerings, including Snorkel Evaluate and Snorkel Expert Data-as-a-Service, accelerate evaluation and tuning of specialized AI systems with expert data—helping teams move from prototype to production at scale by leveraging Snorkel AI’s programmatic data development technology. Launched out of the Stanford AI Lab, Snorkel AI’s platform is used in production by Fortune 500 companies, including BNY, Wayfair, and Chubb, as well as across the U.S. federal government, including the U.S. Air Force.
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TicketManager, a global leader in event ticket and guest management solutions for the corporate enterprise, today announced Valeas Capital Partners, a growth-oriented private-equity firm, has acquired a majority stake in the company. Under the terms of the agreement, Valeas is committing $110 million to support TicketManager’s strategic growth plans. TicketManager Co-Founder and CEO Tony Knopp and COO Ken Hanscom will retain a minority interest in the Company. Founded in 2007, TicketManager is the category leader in providing software and services to manage end-to-end event ticket workflow and guest experiences. Serving as the central hub and system of record for data-driven organizations, the platform streamlines every step of the ticket management process. Every year, companies spend more than $600 billion on customer entertainment, yet 43% of corporate tickets are never used and fewer than 20% of organizations leverage modern software to optimize those investments and mitigate compliance risk.

In a statement Tony Knopp, CEO and Co-Founder of TicketManager said, “Live events are an important investment for businesses of all sizes. Whether major global sponsorships, naming rights for stadiums, luxury suites or even a few season tickets for the local team, companies use them to attract and keep customers while building their brands. But in today’s market, many companies struggle with growing pressure to show the value of their ticket spending.” “We knew there was a better way, and that’s why we created TicketManager – to make company tickets easy and prove the return on investment with cutting edge technology and services.”

TicketManager is a leading event- and guest-management platform that empowers companies to make client entertainment easy and drive greater return on investment. It offers convenient and simple technology to manage corporate sports and entertainment tickets, create exceptional guest life-cycle experiences, and measure effectiveness. TicketManager is trusted by more than 500 global brands including Verizon, FedEx, Adidas, Anheuser-Busch, and Mastercard.
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