Internet Explorer is not supported by our website. For a more secure experience, please use Chrome, Safari, Firefox, or Edge.
Industrial Tech + Life Science Tools
April 6, 2026
How Reliability Won Is Building a Global Asset-Reliability Platform

Battery invested in Mobius Institute in February 2024 to help build a global leader in condition monitoring and asset reliability, bringing together expertise in training, oil analysis and specialty products and services under one roof.

Two years and three acquisitions later, that strategy is taking shape. Reliability Won — the platform built around that initial investment — now includes Mobius Institute for vibration-analysis training and certification, Noria Corporation for lubrication consulting and education, and most recently, Fluid Life for oil-condition monitoring and diagnostics.

Headquartered in Edmonton with labs across the U.S. and Canada, Fluid Life brings decades of expertise helping asset-intensive organizations in mining, energy, manufacturing and transportation reduce downtime and improve equipment performance. The acquisition adds a critical operational layer to the platform, complementing Reliability Won’s existing knowledge and consulting offerings with analytical lab testing capabilities.

In this video, Group CEO Marcus Pillion shares what drew his team to Fluid Life, the role AI will play in accelerating oil sample turnaround times and his vision for where the platform goes next.

The information contained here should be construed as investment advice. This material is provided for informational purposes, and it is not, and may not be relied on in any manner as legal, tax or investment advice or as an offer to sell or a solicitation of an offer to buy an interest in any fund or investment vehicle managed by Battery Ventures or any other Battery entity. The views expressed here are solely those of the authors.

The information above may contain projections or other forward-looking statements regarding future events or expectations. Predictions, opinions and other information discussed in this publication are subject to change continually and without notice of any kind and may no longer be true after the date indicated. Battery Ventures assumes no duty to and does not undertake to update forward-looking statements.

* Denotes a Battery portfolio investment. For a full list of all Battery investments, click here.

Back To Blog
SHARE THIS ARTICLE
TwitterLinkedInFacebookHacker NewsRedditWhatsApp

A monthly newsletter to share new ideas, insights and introductions to help entrepreneurs grow their businesses.

Subscribe
Related ARTICLES