Investments
184Portfolio Exits
36Funds
8Partners & Customers
8About 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.

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CB Insights Intelligence Analysts have mentioned Chevron Technology Ventures in 6 CB Insights research briefs, most recently on Oct 27, 2022.


Latest Chevron Technology Ventures News
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.

Chevron Technology Ventures Investments Activity

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 | |||||
8/1/2022 | Series A |
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 | ||
Amount | $15.98M | $76M | |||
New? | No | Yes | Yes | ||
Co-Investors | |||||
Sources | 3 | 14 | 1 |
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 | 1 | |||
8/23/2021 | Acquired | 3 | |||
7/1/2021 | Acquired | 1 | |||
Date | 3/11/2022 | 8/23/2021 | 7/1/2021 | ||
---|---|---|---|---|---|
Exit | Acquired | Acquired | Acquired | ||
Companies | |||||
Valuation | |||||
Acquirer | |||||
Sources | 1 | 3 | 1 |
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 | ||||
8/31/2007 | CTTV Investments Fund IV | ||||
10/1/2001 | CTTV Investments Power & Energy I | ||||
3/1/2001 | CTTV Investments Fund II |
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 | |||||
Status | |||||
Amount | $90M | ||||
Sources | 2 |
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 | ||||
6/9/2022 | Partner | ||||
11/9/2021 | Vendor | ||||
9/18/2018 | Vendor |
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 | ||||
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 . | ||||
Sources | 1 |
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 | |
Name | Dana Flanders | ||
---|---|---|---|
Work History | |||
Title | President | ||
Status | Former |
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