Seismos, an Austin, TX-based company that leverages AI-powered acoustic sensing to provide insights for any enclosed structure from drill-holes to pipelines, received a $15M investment from Edison Partners.
The company intends to use the funds for its expansion across its existing oil and gas industry base and into new verticals, such as geothermal and mining that are similarly embracing modern digital infrastructure solutions.
Led by CEO and Founder Panos Adamopoulos, Seismos specializes in AI-powered acoustic sensing which provides rapid, efficient, and continuous insights for any enclosed structure from drill-holes to pipelines. Examples of such enclosed structures are oil and gas wellbores requiring monitoring during completion operations, subsurface pipelines leaking toxic liquids, geothermal and carbon capture utilization and storage applications, and more. Its technology provides pipeline operators predictive monitoring for safety, quality control and anti-theft enabling critical downside insurance in the $20 Billion pipeline infrastructure safety market.
Seismos’s customers include companies in the United States, Canada, Chile, China and the Middle East, with further expansion planned for Asia and Latin America.
Commenting on the news, Panos Adamopoulos said: “Oil and gas markets are moving to a state of autonomous, intelligent, AI-driven operations. With Edison, we’ve partnered with a great operating team to help us grow exponentially as this modernization takes hold.”
FinSMEs
11/07/2024