Ambyint, a Calgary, Canada-based provider of AI-powered production and artificial lift optimization software, raised an undisclosed amount in funding.
The round was led by existing investors Mercury and Montrose Lane, plus new investors BDC Capital and Accelerate Fund III.
The company intends to use the funds to accelerate customer growth, increase its energy and tech talent, and optimize product enhancements including expansion of its proven emissions mitigation capabilities.
Led by CEO Benjamin Kemp, Ambyint is a provider of AI-powered optimization software for the energy industry. The platform helps oil and gas producers increase production, reduce operating costs, and minimize their environmental footprint. Feature include the ability to quantify and mitigate both carbon dioxide and methane emissions, contributing to a more sustainable energy industry.
FinSMEs
17/11/2023