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Corporate Venture
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Investments

184

Portfolio Exits

36

Funds

8

Partners & Customers

8

About Chevron Technology Ventures

Chevron Technology Ventures pursues business solutions and technologies with the potential to improve Chevron's base business operations by sponsoring and demonstrating emerging technologies and championing their integration into Chevron to improve business value. Chevron Venture Capital finds, sponsors and demonstrates early stage technology and champions its integration into Chevron. Chevron VC invests in companies at any phase in the development cycle – from providing early-stage seed investment to offering capital for full-scale commercialization – and helps transfer the technology into the business.

Headquarters Location

6001 Boulinger Canyon Road Room 5204

San Ramon, California, 94583,

United States

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Expert Collections containing Chevron Technology Ventures

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Find Chevron Technology Ventures in 2 Expert Collections, including Synthetic Biology.

S

Synthetic Biology

382 items

F

Fortune 500 Investor list

590 items

This is a collection of investors named in the 2019 Fortune 500 list of companies. All CB Insights profiles for active investment arms of a Fortune 500 company are included.

Latest Chevron Technology Ventures News

Worlds Closes $21 Million Series A1Funding

Jan 10, 2023

January 9, 2023 DALLAS–( BUSINESS WIRE )–Today, Worlds Enterprises, Inc., creators of a new 4D infrastructure for building the Industrial Metaverse, announces the successful completion of its $21.2 million Series A1 funding round. The round is led by Moneta Ventures with key participation from existing investors Align Capital, Green Park & Golf Ventures, Chevron Technology Ventures, Piva Capital, PerotJain, and Capital Factory. The funding will be used to continue investing in the Company’s AI platform, expand key go-to-market partnerships, and further expand the adoption of Worlds’ technology by industrial companies. The Platform for the Industrial Metaverse The Worlds Industrial Metaverse platform brings AI-based automation directly into the ground floor operations of large industrial companies. IoT sensors, people, and processes all come together inside a live digital twin that organizations can use to measure and reimagine their operations in ways that were previously impossible. “We are thrilled that Moneta and all of our investors share our vision for large-scale digital transformation and believe in the incredible potential of Worlds as much as we do,” says Dave Copps, CEO of Worlds. “Businesses today are racing toward a future where the digital and physical worlds fully converge and radically change how they measure, analyze, and reimagine their businesses. That is precisely the work of Worlds and we are the only company on the planet that can do what we do.” As industrial companies grow larger and faster than ever, their ability to observe, analyze and improve operations at scale becomes harder each day. “We stand unique in a market flooded with point solutions, computer vision companies, digital twin providers, and sensor companies that address only a tiny part of a much larger problem,” says Chris Rohde, President, Worlds. “After hearing from hundreds of digital transformation teams, it is clear that what is really needed is one place where all of these things come together; that is what we built with Worlds.” Vision and Growth With their market launch in August 2021, Worlds is already a trusted AI platform for some of the largest industrial companies, including Chevron, PETRONAS, and Hillwood Development Company. Worlds saw remarkable year-over-year growth in 2022, growing ARR by more than 400% over the prior year while initiating expansions with multiple clients that will continue throughout 2023. “Worlds has created a new 4D infrastructure for building the Industrial Metaverse, that is unlike anything else we have seen in the market, and is reinventing how some of the largest industrial companies are doing business,” says Aasim Hasan, a Partner and Texas Leader at Moneta Ventures. “Working with Worlds is also easy, fast, and cost-effective for clients. And we see massive potential for growth. We are excited to be part of the journey with the Worlds team.” “When we first invested in Worlds, we saw a proven leadership team and unique technology that had the potential to change how large industrial companies see, automate, and optimize their businesses. Since Worlds launched its platform, Fortune 100 clients have proven that they see that too. This is why Align Capital is a proud partner and continues to invest in Worlds,” says Lisa Harris, Founder and Managing Partner, Align Capital. About Worlds Worlds has created a new 4D infrastructure for building the Industrial Metaverse, a platform that brings AI-based automation directly into ground floor operations of large industrial companies. Inside Worlds, everyday processes and activities are converted into a live data stream that organizations can use to measure, analyze and unlock massive unrealized value. Worlds focuses on sectors in the supply chain, including manufacturing, distribution and logistics, transportation, and energy, as well as national defense. For more information about Worlds, visit  https://www.worlds.io .

Chevron Technology Ventures Investments

184 Investments

Chevron Technology Ventures has made 184 investments. Their latest investment was in Strohm as part of their Unattributed VC - II on December 12, 2022.

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Chevron Technology Ventures Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

12/16/2022

Unattributed VC - II

Strohm

$15.98M

No

3

11/16/2022

Series C

Syzygy Plasmonics

$76M

Yes

14

9/28/2022

Series B

Enmacc

Yes

1

8/12/2022

Unattributed VC

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$99M

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10

8/1/2022

Series A

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$99M

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10

Date

12/16/2022

11/16/2022

9/28/2022

8/12/2022

8/1/2022

Round

Unattributed VC - II

Series C

Series B

Unattributed VC

Series A

Company

Strohm

Syzygy Plasmonics

Enmacc

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Amount

$15.98M

$76M

$99M

$99M

New?

No

Yes

Yes

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Co-Investors

Sources

3

14

1

10

10

Chevron Technology Ventures Portfolio Exits

36 Portfolio Exits

Chevron Technology Ventures has 36 portfolio exits. Their latest portfolio exit was ThoughtTrace on March 11, 2022.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

3/11/2022

Acquired

$99M

1

8/23/2021

Acquired

$99M

3

7/1/2021

Acquired

$99M

1

4/9/2021

Acquired

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$99M

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10

3/15/2021

Acquired

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$99M

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10

Date

3/11/2022

8/23/2021

7/1/2021

4/9/2021

3/15/2021

Exit

Acquired

Acquired

Acquired

Acquired

Acquired

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

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Sources

1

3

1

10

10

Chevron Technology Ventures Fund History

8 Fund Histories

Chevron Technology Ventures has 8 funds, including Chevron Technology Ventures Fund VII.

Closing Date

Fund

Fund Type

Status

Amount

Sources

3/29/2019

Chevron Technology Ventures Fund VII

$90M

2

9/24/2013

CTV Fund V

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10

8/31/2007

CTTV Investments Fund IV

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$99M

10

10/1/2001

CTTV Investments Power & Energy I

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$99M

10

3/1/2001

CTTV Investments Fund II

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$99M

10

Closing Date

3/29/2019

9/24/2013

8/31/2007

10/1/2001

3/1/2001

Fund

Chevron Technology Ventures Fund VII

CTV Fund V

CTTV Investments Fund IV

CTTV Investments Power & Energy I

CTTV Investments Fund II

Fund Type

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Status

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Amount

$90M

$99M

$99M

$99M

Sources

2

10

10

10

10

Chevron Technology Ventures Partners & Customers

8 Partners and customers

Chevron Technology Ventures has 8 strategic partners and customers. Chevron Technology Ventures recently partnered with BeyonC on December 12, 2022.

Date

Type

Business Partner

Country

News Snippet

Sources

12/29/2022

Vendor

Norway

BeyonC is Joining Chevron Technology Ventures’ Catalyst Program

TRONDHEIM , Norway , Dec. 29 , 2022 -- BeyonC today announced that it has been selected to join Chevron Technology Ventures ' Catalyst Program , an initiative to help early-stage companies mature their technologies with the aim of benefiting the energy industry around the world .

1

7/14/2022

Partner

United States

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10

6/9/2022

Partner

United Kingdom

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10

11/9/2021

Vendor

United States

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10

9/18/2018

Vendor

United States

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10

Date

12/29/2022

7/14/2022

6/9/2022

11/9/2021

9/18/2018

Type

Vendor

Partner

Partner

Vendor

Vendor

Business Partner

Country

Norway

United States

United Kingdom

United States

United States

News Snippet

BeyonC is Joining Chevron Technology Ventures’ Catalyst Program

TRONDHEIM , Norway , Dec. 29 , 2022 -- BeyonC today announced that it has been selected to join Chevron Technology Ventures ' Catalyst Program , an initiative to help early-stage companies mature their technologies with the aim of benefiting the energy industry around the world .

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Sources

1

10

10

10

10

Chevron Technology Ventures Team

3 Team Members

Chevron Technology Ventures has 3 team members, including former President, Dana Flanders.

Name

Work History

Title

Status

Dana Flanders

President

Former

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Name

Dana Flanders

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Work History

Title

President

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Status

Former

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