GeologicAI has received $10M in additional funding from Export Development Canada to accelerate global expansion of its rock analytics platform, aka the ‘robot geologist’. Principally targeting the mining sector, the robot geologist is also used to scan oil and gas cores in the field.
Amplified Industries (formerly Acoustic Wells), an IoT solution provider has received $10 million in funding from Schooner Capital. The digital oil field specialist claims over 4,000 devices deployed across six US states. The full-field automation and monitoring system detects mechanical issues and leaks, providing an emergency shut-off for pump failures. Amplified Industries span out of MIT in 2019.
Operational data quality specialist Aperio has closed $9 million in Series A1 funding in a round led by Momenta with co-investors including Chevron Technology Ventures.
BP has invested £4 million in e-fleet optimization software provider Dynamon and signed a commercial agreement with the developer of ‘Zero’ data analytics and simulation software for transport and logistics.
Collabera Digital has acquired Digiterre, a UK-based software and data engineering consultancy. Digiterre works with energy and commodities trading and capital market organizations.
ControlRooms.ai has raised $10 million in a Series A round led by Origin Ventures.
Expro has acquired offshore services provider, PRT Offshore in a $106 million cash and paper transaction.
Hexagon President and CEO Paolo Gug has bought 1 million Hexagon shares for 101 million SEK (approx. $9 million).
IFS is to acquire Falkonry, a California-based industrial AI software house.
Parsons Corp. has acquired Maryland-based cyber and technology company Sealing Technologies in a transaction valued at ‘up to’ $200 million.
SAP has entered into an agreement to acquire LeanIX, a provider of SAP-centric enterprise architecture management (EAM) software.
Starlims has acquired Labstep, developer of an SaaS electronic laboratory notebook platform. Starlims enterprise informatics solutions are used in a variety of industries including oil and gas.
SynMax has acquired Gas Vista, a provider of energy and maritime trade flow analytics and visualization solutions, and developer of the LNG product, Leviaton.
A Pitchbook news item reports that TotalEnergies has ‘powered down’ its climate-focused corporate venture arm as participation in European deals dips. The venture launched in 2008 with plans to invest some $400 million in carbon neutrality over five years. TE is selling its portfolio to Paris-based VC firm Aster. Pitchbook reports that other corporate VC arms are reducing their deal participation.
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