HYDROGEN Mem-Tech
Venture Round in 2024
HYDROGEN Mem-Tech is focused on advancing the transition to sustainable energy through its innovative hydrogen separation technology, which incorporates carbon capture capabilities. The company specializes in the development of palladium membranes designed specifically for efficient hydrogen separation and carbon dioxide capture. Its technology is capable of producing clean hydrogen while minimizing maintenance costs and ensuring a low environmental impact. This makes it particularly beneficial for a range of industries, including refineries, bio-refineries, chemical manufacturing, steel production, power generation, gas networks, and agriculture. By providing clients with sustainable energy options that have zero emissions, HYDROGEN Mem-Tech enables them to gain a significant competitive advantage in their respective sectors.
Strohm
Venture Round in 2024
Strohm is a private supply chain company specializing in the offshore wind-to-hydrogen sector. It manufactures fully bonded, thermoplastic composite pipes designed for various applications in the offshore oil and gas industry. Strohm's product offerings include downlines, well intervention hoses, jumpers, spools, offshore flowlines, and risers. These composite pipes are lightweight, high-strength, and corrosion-resistant, providing significant cost and operational advantages for clients engaged in subsea intervention and production activities. Through its innovative solutions, Strohm aims to enhance efficiency and reliability in the energy sector.
MIRICO
Venture Round in 2024
MIRICO Ltd. is a laser spectroscopy instrumentation company based in Oxford, United Kingdom, founded in December 2015. The company specializes in developing high-performance gas sensing technology using Laser Dispersion Spectroscopy. MIRICO's innovative instruments are designed for trace gas analysis and provide precise, real-time measurements of gas emissions, even in challenging weather conditions. Its offerings include stable isotope analyzers for space exploration and advanced monitoring solutions for applications in environmental monitoring, geochemistry, medical diagnosis, and oil and gas exploration. Through autonomous and continuous monitoring capabilities, MIRICO enables industries to track emissions effectively and gain insights into their operations, contributing to efforts aimed at achieving net-zero emissions and enhancing productivity. The company emerged as a spin-out from the Laser Spectroscopy Group at the STFC Rutherford Appleton Laboratory and is located on the Harwell Science & Innovation Campus.
Kongsberg Digital
Venture Round in 2023
Kongsberg Digital is a technology-driven company that specializes in developing innovative industrial software solutions aimed at transforming how businesses design, operate, and maintain their assets. The firm focuses on providing high-tech systems and solutions primarily for the oil and gas, merchant marine, and defense and aerospace industries. Kongsberg Digital also addresses contemporary challenges such as carbon capture and storage, emissions reduction, and new energy ventures aimed at achieving net-zero goals. By offering tools for voyage optimization and technology that supports the balancing of grids and complex power systems, the company enhances decision-making processes across the value chain, facilitating a more integrated approach to managing physical assets.
Strohm
Venture Round in 2022
Strohm is a private supply chain company specializing in the offshore wind-to-hydrogen sector. It manufactures fully bonded, thermoplastic composite pipes designed for various applications in the offshore oil and gas industry. Strohm's product offerings include downlines, well intervention hoses, jumpers, spools, offshore flowlines, and risers. These composite pipes are lightweight, high-strength, and corrosion-resistant, providing significant cost and operational advantages for clients engaged in subsea intervention and production activities. Through its innovative solutions, Strohm aims to enhance efficiency and reliability in the energy sector.
Strohm
Venture Round in 2022
Strohm is a private supply chain company specializing in the offshore wind-to-hydrogen sector. It manufactures fully bonded, thermoplastic composite pipes designed for various applications in the offshore oil and gas industry. Strohm's product offerings include downlines, well intervention hoses, jumpers, spools, offshore flowlines, and risers. These composite pipes are lightweight, high-strength, and corrosion-resistant, providing significant cost and operational advantages for clients engaged in subsea intervention and production activities. Through its innovative solutions, Strohm aims to enhance efficiency and reliability in the energy sector.
MIRICO
Funding Round in 2022
MIRICO Ltd. is a laser spectroscopy instrumentation company based in Oxford, United Kingdom, founded in December 2015. The company specializes in developing high-performance gas sensing technology using Laser Dispersion Spectroscopy. MIRICO's innovative instruments are designed for trace gas analysis and provide precise, real-time measurements of gas emissions, even in challenging weather conditions. Its offerings include stable isotope analyzers for space exploration and advanced monitoring solutions for applications in environmental monitoring, geochemistry, medical diagnosis, and oil and gas exploration. Through autonomous and continuous monitoring capabilities, MIRICO enables industries to track emissions effectively and gain insights into their operations, contributing to efforts aimed at achieving net-zero emissions and enhancing productivity. The company emerged as a spin-out from the Laser Spectroscopy Group at the STFC Rutherford Appleton Laboratory and is located on the Harwell Science & Innovation Campus.
HYDROGEN Mem-Tech
Venture Round in 2022
HYDROGEN Mem-Tech is focused on advancing the transition to sustainable energy through its innovative hydrogen separation technology, which incorporates carbon capture capabilities. The company specializes in the development of palladium membranes designed specifically for efficient hydrogen separation and carbon dioxide capture. Its technology is capable of producing clean hydrogen while minimizing maintenance costs and ensuring a low environmental impact. This makes it particularly beneficial for a range of industries, including refineries, bio-refineries, chemical manufacturing, steel production, power generation, gas networks, and agriculture. By providing clients with sustainable energy options that have zero emissions, HYDROGEN Mem-Tech enables them to gain a significant competitive advantage in their respective sectors.
Akselos
Venture Round in 2022
Akselos S.A., founded in 2011 and based in Lausanne, Switzerland, specializes in advanced engineering simulation software, specifically its Integra platform. This cloud-based solution allows engineering firms to create high-resolution digital twins of large-scale operational assets, enabling detailed analysis of structural integrity and hydrodynamic performance. Akselos's technology is particularly beneficial for asset-centric industries such as upstream oil and gas and offshore wind, where real-time monitoring and predictive maintenance are critical. The platform's patented algorithms provide simulations that are significantly faster than traditional methods, allowing for efficient design and management of critical infrastructure. Akselos also operates a subsidiary in Cambridge, Massachusetts, and maintains a representative office in Vietnam, underscoring its global presence in providing innovative simulation solutions.
KNP Arises
Seed Round in 2021
KNP Arises collects oil from food business operators transforms into biodiesel.
Veros Systems
Series C in 2020
Veros Systems, Inc. is a company that specializes in software-enabled solutions for physical asset life-cycle management, catering primarily to industrial clients. Founded in 2001 and based in Austin, Texas, Veros develops a web-based Predictive Intelligence Platform that provides actionable insights into the performance of electrically-driven rotating equipment, such as motors, pumps, and compressors. This platform utilizes nonintrusive monitors and machine learning algorithms to analyze electrical waveforms, allowing for continuous monitoring of equipment health and real-time predictions of reliability and energy efficiency. By integrating seamlessly with existing Enterprise Asset Management applications, Veros's solutions enable engineers and managers to enhance production, reduce costs, and improve overall operational efficiency across various industries, including oil and gas, electric utilities, manufacturing, and water treatment.
RezLytix
Pre Seed Round in 2020
RezLytix is a technology company focused on delivering data analytics solutions, particularly in the upstream oil and gas sector. The company has developed an advanced machine learning platform that integrates geological, geophysical, and engineering data to forecast productivity and well performance. By providing operators with intelligent well paths for drilling, RezLytix aims to enhance overall productivity and maximize profits within energy industries. Their services include predictive analytics and artificial intelligence, which help businesses make informed, data-driven decisions. Additionally, RezLytix offers consulting services to assist organizations in effectively implementing these analytics solutions, ensuring they realize the full benefits of their data. The company's scalable and flexible solutions allow businesses to adapt to evolving market conditions and operational needs.
Corvus Energy
Venture Round in 2019
Corvus Energy Ltd. is a Canadian company specializing in the research, development, manufacture, and supply of energy storage solutions for the marine, oil and gas, and port sectors. Established in 2009 and headquartered in Richmond, the company focuses on delivering advanced lithium-ion battery technologies that create modular energy storage systems. These systems are designed to offer consistent and economical power for hybrid and all-electric maritime applications, including cruise ships, ferries, offshore vessels, and heavy industrial machinery. In addition to its energy storage products, Corvus Energy provides a range of services such as technical support, spare parts, extended warranties, field service, and training. The company's innovative solutions are recognized for enhancing operational efficiency and promoting clean energy leadership in the industry.
Tranzmeo
Pre Seed Round in 2018
Tranzmeo is an innovative company specializing in anomaly detection solutions tailored for the oil and gas industry. By harnessing advanced technologies such as artificial intelligence, machine learning, and the Internet of Things, Tranzmeo aims to transform traditional anomaly detection from a reactive approach to a proactive one, focusing on prediction and prevention. The company’s proprietary algorithms analyze data streams to learn machine behavior and identify potential anomalies such as leaks, corrosion, and external intrusions. This predictive capability enables clients to minimize risks and make informed decisions, ultimately enhancing the quality and longevity of their products and services. With a vision to establish itself as a leader in anomaly detection, Tranzmeo is committed to providing actionable insights that support operational efficiency and profitability.
Osperity Inc., founded in 2011 and based in Calgary, Canada, specializes in enterprise visual monitoring solutions for managing field operations, assets, and facilities across various industrial sectors such as mining, construction, oil and gas, and security. The company's core offering is the Osprey Reach platform, a cloud-based system that integrates sensor data, analyzes images and videos using advanced computer vision, and delivers actionable insights to stakeholders via visual reports and alerts. This enables clients to enhance operational efficiency, security, safety, and remote inspections while optimizing labor productivity and managing assets more effectively.
Maximl Labs Private Limited
Seed Round 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.
Akselos
Venture Round in 2018
Akselos S.A., founded in 2011 and based in Lausanne, Switzerland, specializes in advanced engineering simulation software, specifically its Integra platform. This cloud-based solution allows engineering firms to create high-resolution digital twins of large-scale operational assets, enabling detailed analysis of structural integrity and hydrodynamic performance. Akselos's technology is particularly beneficial for asset-centric industries such as upstream oil and gas and offshore wind, where real-time monitoring and predictive maintenance are critical. The platform's patented algorithms provide simulations that are significantly faster than traditional methods, allowing for efficient design and management of critical infrastructure. Akselos also operates a subsidiary in Cambridge, Massachusetts, and maintains a representative office in Vietnam, underscoring its global presence in providing innovative simulation solutions.
Salamander Solutions
Series A in 2018
Salamander Solutions Inc., founded in 2017 and based in Houston, Texas, specializes in the design, manufacture, and deployment of heating solutions, particularly heater cables and surface equipment. The company offers reservoir and facility consulting services and develops advanced control systems to enhance oil production efficiency. Salamander Solutions' heater cable technology is specifically engineered to operate in extreme temperatures, utilizing a medium-voltage mineral-insulated electrical cable with a stainless steel sheath. This innovative approach enables significant performance improvements for the oil and gas industries, facilitating enhanced production in heavy oil wells. Additionally, the company provides servicing and troubleshooting support to optimize the effectiveness of its heating solutions.
Airpix is a drone and unmanned aerial systems startup located in Navi Mumbai, India, specializing in data processing and analytics derived from drone technology. The company serves a diverse range of industries, including government planning, mining, oil and gas, railways, agriculture, and renewable energy. By leveraging a network of UAV operators across India, Airpix collects high-quality aerial data that is processed to deliver valuable insights. Its services include high-resolution aerial imagery in various spectrums, the creation of high-density point clouds, and the generation of 2D and 3D outputs such as orthophotos and Digital Surface Models. These outputs enable customers to conduct planimetric and volumetric analyses, track changes, and identify defects. Airpix's notable clients include Indian Railways, the Government of Andhra Pradesh, and various prominent construction firms. The company aims to convert drone data into actionable business intelligence, facilitating enhanced decision-making across multiple sectors.
Maana, Inc. is a technology company that specializes in industrial data analytics and knowledge-centric software solutions. Founded in 2012 and headquartered in Palo Alto, California, with additional offices in Bellevue, Washington, Houston, Texas, London, United Kingdom, and Dhahran, Saudi Arabia, Maana offers the Maana Knowledge Platform, which facilitates operational problem solving and enhances knowledge discovery to drive profitability. The platform is underpinned by a patented Knowledge Graph that efficiently extracts knowledge from data silos, revealing relationships within the context of specific assets or processes. Maana serves various sectors including industrial field services, maintenance, sales, logistics, finance, risk and compliance, and oil and gas, helping global companies optimize their operations and make data-driven decisions.
Rocsole
Venture Round in 2016
Rocsole is an innovative company that specializes in tomographic process monitoring technology for industrial applications. Founded in 2012 and headquartered in Houston, Texas, Rocsole develops and markets advanced measurement and control instruments based on 3D-tomographic imaging and optics. Its offerings include sensors for real-time 3D imaging of multiphase flows, alongside services such as process optimization, piloting, and statistical inversion computing. The company provides tailored solutions for various industries, including oil and gas, food, chemical, and pulp and paper, addressing critical processes like scaling, air measurement, and interface detection. Rocsole's smart sensors leverage artificial intelligence and deep learning to deliver actionable insights, helping clients enhance operational efficiency, reduce costs, and minimize their environmental impact.
Maana, Inc. is a technology company that specializes in industrial data analytics and knowledge-centric software solutions. Founded in 2012 and headquartered in Palo Alto, California, with additional offices in Bellevue, Washington, Houston, Texas, London, United Kingdom, and Dhahran, Saudi Arabia, Maana offers the Maana Knowledge Platform, which facilitates operational problem solving and enhances knowledge discovery to drive profitability. The platform is underpinned by a patented Knowledge Graph that efficiently extracts knowledge from data silos, revealing relationships within the context of specific assets or processes. Maana serves various sectors including industrial field services, maintenance, sales, logistics, finance, risk and compliance, and oil and gas, helping global companies optimize their operations and make data-driven decisions.
Quantico Energy Solutions
Series A in 2015
Quantico Energy Solutions LLC is a Houston-based data analytics company that specializes in providing innovative solutions for the oil and gas industry, particularly in the development of shale resources. Established in 2012, the company develops proprietary software that predicts synthetic formation evaluation logs by leveraging data collected during the drilling process. Its key offerings include QLog, which generates a variety of synthetic logs such as shear, compressional, and density logs for both horizontal and vertical wells, and QFrac, which provides additional logs along with recommendations for engineered completion designs based on geomechanical interpretations. Quantico employs a skilled team with expertise in machine learning, petrophysics, and completion engineering, enabling it to enhance the quality and efficiency of data analytics for drilling operations. The company has also formed a strategic alliance with TARGET to further advance its capabilities in the industry.
Airborne Oil & Gas
Venture Round in 2014
Strohm B.V., formerly known as Airborne Oil & Gas B.V., specializes in the development, manufacture, and implementation of innovative pipe systems for the oil and gas industry. Established in 2007 and based in Ijmuiden, the Netherlands, the company offers a range of thermoplastic composite pipe products, including downlines, jumper spools, well intervention hoses, offshore flowlines, and risers. These products are designed to withstand demanding offshore and subsea environments, boasting advantages such as corrosion resistance, lightweight construction, and ease of deployment. The non-metallic nature of Strohm's pipes eliminates the need for costly corrosion prevention and inspection, resulting in significant savings in capital and operational expenditures. The company's advanced solutions allow for faster installation using simpler vessels compared to traditional steel pipes, enhancing reliability and safety in offshore operations. Strohm B.V. maintains regional sales offices in key oil and gas hubs across Asia and the United States, supporting its global operations.
GlassPoint Solar
Series C in 2014
GlassPoint Solar, Inc. designs, manufactures, and installs solar thermal steam generators specifically for the oil and gas industry. By providing solar steam for enhanced oil recovery applications, the company significantly reduces gas consumption, achieving reductions of up to 80 percent compared to traditional gas-fired steam generation. GlassPoint serves a diverse clientele, including independent producers, national oil companies, and various manufacturing sectors, with a focus on regions such as Southern California, North Africa, Western China, and Madagascar. Established in 2008 and headquartered in Fremont, California, GlassPoint Solar operates regional offices in Muscat, Oman; Kuwait City, Kuwait; Bakersfield, California; Santiago, Chile; and Shenzhen, China. The company was previously known as CleanBoard, Inc. before rebranding in October 2009.
Veros Systems
Series A in 2014
Veros Systems, Inc. is a company that specializes in software-enabled solutions for physical asset life-cycle management, catering primarily to industrial clients. Founded in 2001 and based in Austin, Texas, Veros develops a web-based Predictive Intelligence Platform that provides actionable insights into the performance of electrically-driven rotating equipment, such as motors, pumps, and compressors. This platform utilizes nonintrusive monitors and machine learning algorithms to analyze electrical waveforms, allowing for continuous monitoring of equipment health and real-time predictions of reliability and energy efficiency. By integrating seamlessly with existing Enterprise Asset Management applications, Veros's solutions enable engineers and managers to enhance production, reduce costs, and improve overall operational efficiency across various industries, including oil and gas, electric utilities, manufacturing, and water treatment.
TGS
Convertible Note in 2014
TGS is a provider of scientific data and intelligence to the energy sector. It specializes in marine data acquisition services using advanced ocean bottom node (OBN) technology, offering both proprietary and multi-client models. The company's services enhance subsurface imaging, supporting exploration and development of oil and gas fields, de-risking CO2 storage sites, siting offshore wind farms, and mapping deep-sea minerals.
GlassPoint Solar
Series B in 2012
GlassPoint Solar, Inc. designs, manufactures, and installs solar thermal steam generators specifically for the oil and gas industry. By providing solar steam for enhanced oil recovery applications, the company significantly reduces gas consumption, achieving reductions of up to 80 percent compared to traditional gas-fired steam generation. GlassPoint serves a diverse clientele, including independent producers, national oil companies, and various manufacturing sectors, with a focus on regions such as Southern California, North Africa, Western China, and Madagascar. Established in 2008 and headquartered in Fremont, California, GlassPoint Solar operates regional offices in Muscat, Oman; Kuwait City, Kuwait; Bakersfield, California; Santiago, Chile; and Shenzhen, China. The company was previously known as CleanBoard, Inc. before rebranding in October 2009.
OpenSpirit
Venture Round in 2007
OpenSpirit is a technology company specializing in integration solutions for the upstream oil and gas industry. It offers an application integration framework called OpenSpirit, which facilitates seamless interaction between various vendors' software applications and datasets. This enables oil and gas companies to streamline their workflows, enhance productivity, and maximize the value of their data without being constrained by proprietary systems or formats.