Tech Company Financing Transactions
Ambyint Funding Round
On 9/22/2017, Ambyint raised $11.5 million in Series A funding from Mercury Fund, Cottonwood Venture Partners and GE Ventures.
Transaction Overview
Company Name
Announced On
9/22/2017
Transaction Type
Venture Equity
Amount
$11,500,000
Round
Series A
Investors
Mercury Fund (Lead Investor) (Adrian Fortino)
Cottonwood Venture Partners (Ryan Gurney)
Statoil Innovation AS (Desikan Sundararajan)
Proceeds Purpose
Funding will be used to expand deployments of Ambyint's oil and gas artificial lift optimization solutions in the US and Canada, while continuing to build toward the ultimate vision of enabling autonomous well operations.
Company Information
Company Status
Private & Independent
Industry
Artificial Intelligence
Mailing Address
2500 Summer St. 1100
Houston, TX 77007
USA
Houston, TX 77007
USA
Phone
Website
Email Address
Overview
Ambyint has been delivering best-in-class artificial lift optimization solutions to E&P customers since 2004. The company was founded in Calgary, Alberta as Pumpwell Solutions with the mission to improve artificial lift performance and production by leveraging proprietary mathematics.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Alex Robart
Chief Financial Officer
Edwin Watson
Chief Operating Officer
David Zahn
Chief Technical Officer
Ryan Benoit
President
Chris Robart
VP - Engineering
Jesse Filipi
VP - Sales
Sean Arnold
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We do our best to report on every notable VC transaction. VC investment data records reported here come from a variety of public sources. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
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