In the last few years, multiple analytics and software startups have raised funding to improve energy production. They include Aptomar, focused on on oil-field monitoring and spill detection; Dark Vision, a stealth company focused on “downhole imaging” of oil and gas wells; and Tachyus, which says its data-analytics products can increase oil production 20% to 30%. Tachyus recently received $13M in Series A funding from Founders Fund.
See below for the full list of oil and gas analytics companies to watch.
|Company||Description||Total Disclosed Funding ($M)||Select Investors|
|WellAware Holdings||Provides an oil-field communications and data solution to manage oil well, pipeline, and safety information.||$45.10||Activant Capital Group, Carlos Slim, Dick Cheney, Ed Whitacre Jr.|
|Tachyus||Combines analytics software, sensors, and real-time data collection to “optimize energy production.”||$20.86||Caffeinated Capital, Formation 8, Founders Fund, Streamlined Ventures|
|Seven Lakes Technologies||Cloud-based software that monitors drilling and well data and helps operators reduce costs.||$20.00||Carrick Capital Partners|
|Rebellion Photonics||Uses hyperspectral imaging to spot and quantify gas releases in real-time to defend against gas leakages or environmental damage.||$14.65||ARPA-E, Tinicum Capital Partners|
|Runtitle||Online database for mineral ownership information.||$4.00||Austin Ventures|
|Ubiterra||Allows oil and gas companies to store and manage their well and seismic data in the cloud.||$1.50||Undisclosed Investors|
|Skynet Labs||Skynet’s web and multi-device tools help oil and gas companies improve efficiency by optimizing data use.||$1.00||SOSventures|
|Dark Vision||Develops “downhole imaging” technologies for oil and gas wells that provide “sub-millimetric” imagery and 3D models.||$0.40||BDC Venture Capital, Foresight Clean Accelerator Centre|
|OAG Analytics||Software-based predictive analytics to help drive oil and gas companies’ land acquisition and well planning.||$0.05||Undisclosed Investors|
|Quantico Energy Solutions||Software for deep analysis of oil-drilling data.||N/A||Shell Technology Ventures, Statoil Technology Invest|
|Aptomar||Provides products for marine surveillance and oil-spill detection.||N/A||Investinor, ProVenture Management, Statoil Technology Invest, Verdane Capital|
Want more data on startups targeting the Oil & Gas industry? Login to CB Insights or sign up for free below.