Tech Company Financing Transactions
Ambyint Funding Round
Ambyint closed a $15 million Series B funding round on 2/5/2020. Investors included Cottonwood Venture Partners, Mercury Fund and private investors.
Transaction Overview
Company Name
Announced On
2/5/2020
Transaction Type
Venture Equity
Amount
$15,000,000
Round
Series B
Investors
Cottonwood Venture Partners (Lead Investor) (Ryan Gurney)
Mercury Fund (Adrian Fortino)
Proceeds Purpose
The company intends to use the funds to extend its suite of optimization solutions beyond oil and gas producers across all wells and artificial lift systems and grow its Houston and Calgary offices.
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
Browse more venture capital transactions:
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Next: 2/6/2020: Vineti venture capital transaction
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Where The Data Comes From
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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