Despite the uncertainty in the oil and gas market, we’ve seen several themes hold constant over many cycles in the industry, said Ryan Gurney, Managing Partner of Cottonwood Venture Partners. “The need for improving operational efficiency through the application of advanced technologies is now more important than ever. We are just at the beginning of seeing what artificial intelligence, data science and distributed sensor networks can do to disrupt the status quo. Ambyint has emerged as a leader in the segment by delivering cutting-edge solutions to its customers.”
Ambyint delivers an Artificial Intelligence (AI) Driven automation and analytics solution for artificial lift optimization that builds on traditional physics-based techniques. Built on 10+ years of domain expertise, Ambyint automates diagnosis, automatically adjusts operating parameters, and predicts failures, resulting in improved production and reduced LOE. Customers deploy the Ambyint Production Optimization Platform either with existing customer SCADA systems or with Ambyint’s High Resolution Adaptive Controllers, which enable higher resolution data acquisition and automated control for artificial lift systems. For more information, visit www.ambyint.com.
Mercury Fund is an early-stage venture capital firm. With over $200 million under management, Mercury focuses on entrepreneurs and technology innovation originating in the U.S. Midcontinent. Our investment themes target SaaS, Cloud, and Data Science/AI platforms that make the industrial ecosystems of Middle America more competitive and efficient. For more information, please visit www.mercuryfund.com.
GE Ventures identifies, scales and accelerates ideas that will help make the world work better. Focused on the areas of software, advanced manufacturing, energy and health care, GE Ventures combines equity investing, new business creation, licensing and technology transfer to deliver an innovation platform designed to drive growth for partners and GE. For more information, visit http://www.geventures.com, or follow on Twitter (@GE_Ventures) and LinkedIn.
Statoil Technology Invest is Statoil’s corporate oil and gas technology venture unit managing a portfolio of some 20 early phase technology companies and investing in ventures with the purpose of providing substantial operational value to Statoil as a user of technology as well as solid financial return. Statoil is an international energy company with operations in 37 countries. We are headquartered in Stavanger, Norway, with approximately 21,000 employees worldwide, and are listed on the New York and Oslo stock exchanges.
Cottonwood Venture Partners (“CVP”) is a Texas-based venture capital firm partnering with companies that provide digital solutions for the oil & gas industry. CVP invests in digital technology companies that have achieved early customer adoption and require capital to accelerate growth. CVP leverages its expertise and relationships in energy and technology to help drive growth at its portfolio companies. For more information, please visit www.cottonwoodvp.com