Seismos, Inc., an Austin, Texas-based provider of real-time subsurface fluid flow monitoring for oil and gas production optimization, raised approx. $4m in funding.
The round was led by Javelin Venture Partners with participation from Osage University Partners, Kemal Farid, founder of Merrick Systems; Donald Kendall, CEO of Blue Earth Capital Inc.; and Geoff Hicks, founder of Hicks Oilfield LLC. In conjunction with the funding, Noah Doyle, a general partner at Javelin Venture Partners, joined Seismos’ board of directors.
The company intends to use the funds for market rollout and product enhancement efforts.
Led by founder and CEO Panos Adamopoulos, Seismos provides a cloud-based platform that enables real-time, underground fluid flow monitoring, inside the reservoir, during production. The solution consists of field-installed low-impact emitters and seismic sensors connected to a cloud-based data processing platform that generates maps of CO2 movement over time.
The company also has offices in Houston.
FinSMEs
09/04/2015