Solumar
Non Equity Assistance in 2024
Solumar specializes in advanced air and gas filtration technologies aimed at reducing emissions from heavy industries, including city councils, maritime operations, and oil and gas companies. The company’s innovative approach incorporates seawater and principles from aviation to effectively capture black carbon and greenhouse gas emissions. By focusing on efficiency and sustainability, Solumar assists its clients in complying with the Agenda 2050 goals for emission reduction while offering cost-effective solutions for managing air pollution.
Intelligent NanoFiber
Non Equity Assistance in 2021
Intelligent NanoFiber, Inc. is a company based in College Station, Texas, that specializes in the design and manufacture of NanoFiber, an advanced absorbent material made of polypropylene. Established in 2020, the company focuses on the development of this innovative nano-material, which is capable of capturing and neutralizing toxins and infectious diseases. The applications of NanoFiber span various sectors, including public safety and defense, where it is utilized for air filtration, waste cleanup, heat insulation, and environmental initiatives such as desert greening. Through its advanced technology, Intelligent NanoFiber aims to address critical challenges in safety and environmental sustainability.
GasApp
Non Equity Assistance in 2021
GasApp is an online platform for liquid petroleum gas distribution, leakage detector, and level monitor, through mobile apps and smart devices.
Akselos
Venture Round in 2018
Akselos S.A. is a Switzerland-based company that develops Integra, a cloud-based engineering simulation software designed for asset-centric industries such as oil and gas and offshore wind. Founded in 2011, Akselos enables engineers to create high-resolution simulations of large-scale operational assets through its advanced digital twin technology. The Integra platform allows users to build detailed 3D models, adjust various parameters, perform hydrodynamic analysis, and evaluate the structural integrity of fixed offshore assets and other critical infrastructure. With patented algorithms that enhance simulation speed and accuracy, Akselos aims to support preventative maintenance and reduce unplanned downtime by providing real-time insights into asset conditions. The company operates in various regions, including Europe, the USA, and Southeast Asia, and maintains a subsidiary in Cambridge, Massachusetts.
Maximl Labs Private Limited
Non Equity Assistance in 2018
Maximl is an industrial technology company with its roots in IIT Madras. We work with some of the largest energy companies, transforming their frontline operations across multiple use cases including maintenance, inspection and operational safety. Over the last 7 years, Maximl has helped 100 sites to measurably move the needle on asset downtime and safety risk. Maximl has also emerged as the market leader in digital turnaround management space with its presence across 21 out of 23 refineries in India.
Dauntless XR
Non Equity Assistance in 2018
Dauntless XR specializes in providing immersive technology tools for frontline workers, including aircrew, pilots, and maintainers. The company operates an online platform that offers augmented and mixed reality solutions tailored for engineering and construction services, particularly in industries such as oil and gas. By delivering advanced tools for three-dimensional construction projects, Dauntless XR enables clients to enhance their operational efficiency and improve training and maintenance processes.
Strayos Inc. specializes in aerial data analytics software, focusing on the mining, quarrying, and oil and gas exploration industries. Founded in 2016 and based in St. Louis, Missouri, the company offers a comprehensive platform that integrates image processing and artificial intelligence to enhance operational efficiency. Strayos provides tools such as smart drill data analysis, which employs measurement-while-drilling techniques for real-time assessment of drill logs and rock properties. Additionally, the platform features a 3D Blast Profile for optimizing blast patterns and conducting interactive reporting and visualization. Strayos also includes the Muckpile AI platform, which utilizes advanced machine learning to analyze rock size distribution and muckpile movements. By leveraging aerial intelligence, Strayos aims to reduce costs, improve productivity, and enhance safety in mining and blasting operations, while also expanding its services to civil engineering and other sectors.
Distran, a spin-off from the Autonomous System Lab at ETH Zurich, specializes in the development of advanced acoustic sensors aimed at enhancing safety for industrial workers and minimizing environmental impact. The company focuses on manufacturing ultrasound cameras that cater to various sectors, including oil and gas, power generation, and chemical engineering. Distran's innovative phased-array sensors address the limitations of traditional acoustic sensors, which often struggle to function effectively in noisy industrial environments. By spatially filtering sounds, these sensors enable the detection of defects such as leaks or discharges from a safe distance, thereby allowing clients to protect their workforce and reduce their ecological footprint.
Biomicrogels Group
Grant in 2016
Biomicrogels Group is a developer and patent holder of biomicrogels, innovative materials derived from agricultural waste such as sugar beet, apple, and sunflower pomace. The company focuses on addressing global environmental and climate change challenges through its biomicrogel-based solutions, which are effective in various applications including produced water treatment, cutting fluid separation, vegetable oil extraction, and cleaning oil spills on land and at sea. Additionally, Biomicrogels Group manufactures a range of eco-friendly household cleaning products under the brand WONDERLAB. Their technology features nanoscale organic polymer particles that possess surface-active properties, enabling them to encapsulate and separate mineral and vegetable oils and fats from water or solid surfaces, thereby facilitating efficient purification and recycling processes.
Sourcewater, from MIT Energy Ventures, is the online exchange for sourcing, recycling, transporting and disposing of water for energy production, a $20 billion U.S. market. We create a marketplace that matches providers of water, wastewater, trucking, treatment, storage and disposal with energy producers, thereby minimizing the capital and operating costs of oil and gas production, ensuring reliability of the water supply chain, and reducing the environmental and community impact of hydraulic fracturing. For water sellers and service providers, Sourcewater creates a marketing platform that reduces cost of sales and maximizes utilization and profitability.
Hydroswarm is focused on developing data infrastructure for the world's oceans through the creation of underwater drones. These drones are designed for underwater explorations and play a crucial role in the regular inspection and monitoring of underwater structures, including facilities related to oil, gas, and nuclear energy. By providing clients with easy access to vital data, Hydroswarm enhances the efficiency and safety of underwater operations.
WaveGuide Corporation, based in Cambridge, Massachusetts, specializes in the research and development of hand-held micro-nuclear magnetic resonance (µNMR) platform technology. This innovative technology integrates molecular spectroscopy and diagnostic techniques, enabling rapid and cost-effective point-of-care diagnosis of diseases and facilitating chemical analysis in laboratory and university settings. The WaveGuide µNMR device is designed for diverse applications, including early detection of oil and gas fields, theft deterrence from pipelines, asset protection for various products, and routine testing for military vehicles to identify potential failures. By bringing advanced scientific methods to the field, WaveGuide enhances decision-making capabilities in remote and critical environments. Founded in 2010, the company aims to make sophisticated diagnostic and analytical tools accessible and efficient.
Akselos S.A. is a Switzerland-based company that develops Integra, a cloud-based engineering simulation software designed for asset-centric industries such as oil and gas and offshore wind. Founded in 2011, Akselos enables engineers to create high-resolution simulations of large-scale operational assets through its advanced digital twin technology. The Integra platform allows users to build detailed 3D models, adjust various parameters, perform hydrodynamic analysis, and evaluate the structural integrity of fixed offshore assets and other critical infrastructure. With patented algorithms that enhance simulation speed and accuracy, Akselos aims to support preventative maintenance and reduce unplanned downtime by providing real-time insights into asset conditions. The company operates in various regions, including Europe, the USA, and Southeast Asia, and maintains a subsidiary in Cambridge, Massachusetts.
Dynamo Micropower
Grant in 2012
Dynamo Micropower Corporation specializes in developing fuel-flexible gas turbines tailored for small distributed generation applications, primarily in the oil and gas sector. Founded in 2011 and based in Somerville, Massachusetts, the company offers innovative products such as PowerCore, designed for continuous operation in challenging environments, and Infernocore, a flameless turboheater. Dynamo's solutions are engineered to operate using local unrefined gas, significantly reducing energy costs by up to 80% while enhancing power quality by up to 25%, thereby improving the performance of equipment. The company provides a fully packaged, plug-and-play power solution that utilizes flare gas to deliver grid-quality electricity. Dynamo Micropower markets its products through a network of distributors and supports them with a network of service partners. The company has successfully deployed its turbines with notable clients, including Kinder Morgan and Caterpillar.
Zero Carbon is transforming CO2 from a liability to an asset by producing revenue-generating petrochemicals, thereby eliminating the need for carbon sequestration and lowering the costs of oil exploration and production, transportation, and refining.
Reach Production Solutions
Grant in 2010
Reach Production Solutions is a Houston-based company that specializes in developing advanced compression solutions for oil and gas well operators. Established in 2009, the company focuses on enhancing production from multiphase wells through innovative technologies that streamline operations and minimize costs. Its offerings include the evaluation and simulation of well portfolios, surface installations, and ongoing monitoring and maintenance of production systems. Reach Production Solutions also provides artificial lift and frac hit recovery solutions, which are designed to be more efficient than traditional methods by reducing the need for costly interventions. The company's technology features fewer moving parts, resulting in lower vibration and noise, as well as improved efficiency and reduced infrastructure costs.
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