Cypress Growth Capital Invests in Ooga Technologies

Cypress Growth Capital Invests in Ooga Technologies

Cypress Growth Capital is pleased to announce its investment in Ooga Technologies, a Durham, NC-based company that is transforming non-destructive testing (NDT) inspection for the growing needs of safety-critical industries.

AI data centers and power generation projects are proliferating across the country, creating demand for inspections across thousands of miles of natural gas pipelines. Evolving defense programs and other large-scale projects are further increasing the need for high-quality material inspection, while existing energy installations require ongoing safety monitoring.

Co-founded by Dr. Ajay Pasupuleti, Igor Kasovski, and Michael Turnbow, Ooga stands apart by giving customers access to an integrated platform with certified remote testing resources, an accurate and auditable system of record, and AI-assisted inspection tools.

"Cypress understood our opportunity immediately. The team brought the practical operator perspective we wanted from a capital partner."

Dr. Ajay Pasupuleti, Co-Founder and CEO of Ooga Technologies

"The NDT market is at an inflection point. Customers need more certified expertise, faster answers, and better data behind every decision. Cypress understood our opportunity immediately," said Pasupuleti. "The team brought the practical operator perspective we wanted from a capital partner as we scale to meet that demand."

Cypress Partner Pat McCaffrey added, "Ajay, Igor, and Mike have built a differentiated, high-value solution the market genuinely needs. NDT inspection is not optional in the industries Ooga serves, and the demand for qualified expertise continues to outpace supply. The company's combination of deep domain expertise, unique access to data, and proprietary AI positions Ooga very favorably for future success in that market."

Ooga Technologies will invest Cypress' non-dilutive growth capital in direct sales expansion, marketing, and platform development, including AI-assisted diagnostics.