Altira Group

Altira Group is a private equity and venture capital firm based in Denver, Colorado, established in 1996 by Dirk McDermott. The firm specializes in early-stage investments, primarily focusing on oil and gas technology and service companies across the United States. Altira partners with a select group of super-independent oil and gas companies, leveraging their insights and resources to enhance investment decisions and accelerate the growth of portfolio companies. Over the years, Altira has managed several venture capital funds, including those that target sectors such as information technology and manufacturing. Through its strategic investments, Altira aims to foster innovation and development within the energy sector.

Sean Ebert

Senior Partner

Marc Gulley

CFO

Dirk McDermott

Founder and Managing Partner

J.P. Bauman

Partner

35 past transactions

FlexGen

Venture Round in 2021
FlexGen Power Systems, Inc. specializes in the development and manufacture of energy storage and hybrid power products, including solid state generators, power converters, and software control units. Founded in 2014 and based in Houston, Texas, the company focuses on providing innovative solutions that enhance the performance and reliability of energy systems for industrial clients, utilities, and government agencies. FlexGen's offerings include advisory services, operational maintenance, frequency regulation, and grid support, facilitating the integration of energy storage technologies with both traditional and renewable power generation. By working closely with advanced battery and capacitor manufacturers, FlexGen aims to optimize energy management, reduce electricity costs, and support the effective deployment of utility-scale storage projects worldwide.

Seeq

Series C in 2021
Seeq Corporation specializes in analytics software designed for processing industrial manufacturing data. The company's flagship application, Seeq, enables users to analyze time-series data, search and cleanse data, model information, identify patterns, and monitor assets while facilitating real-time collaboration. Seeq integrates data from various historians, such as OSIsoft PI, Honeywell PHD, and GE Proficy, as well as relational databases like SQL Server, Oracle, and MySQL. The platform serves a wide range of industries, including food and beverage, oil and gas, pharmaceuticals, and utilities, helping organizations derive actionable insights from their process data. Founded in 2013 and based in Seattle, Washington, Seeq aims to enhance business decision-making and operational performance through improved data analysis and collaboration.

Seeq

Series B in 2020
Seeq Corporation specializes in analytics software designed for processing industrial manufacturing data. The company's flagship application, Seeq, enables users to analyze time-series data, search and cleanse data, model information, identify patterns, and monitor assets while facilitating real-time collaboration. Seeq integrates data from various historians, such as OSIsoft PI, Honeywell PHD, and GE Proficy, as well as relational databases like SQL Server, Oracle, and MySQL. The platform serves a wide range of industries, including food and beverage, oil and gas, pharmaceuticals, and utilities, helping organizations derive actionable insights from their process data. Founded in 2013 and based in Seattle, Washington, Seeq aims to enhance business decision-making and operational performance through improved data analysis and collaboration.

ThoughtTrace

Venture Round in 2020
ThoughtTrace™ exists to empower people and companies to greater insight and creativity through better access to their most challenging information. We help enterprises review and validate critical information in existing contracts and legal documents. Using artificial intelligence (AI), natural language processing, and machine learning, our SaaS platform, ALI™ reads words, sentences, and paragraphs just like a human does, driving better strategy, decisions, and execution. With results in minutes or hours, not weeks or months, advanced analysis and understanding is your edge.

Seeq

Series B in 2018
Seeq Corporation specializes in analytics software designed for processing industrial manufacturing data. The company's flagship application, Seeq, enables users to analyze time-series data, search and cleanse data, model information, identify patterns, and monitor assets while facilitating real-time collaboration. Seeq integrates data from various historians, such as OSIsoft PI, Honeywell PHD, and GE Proficy, as well as relational databases like SQL Server, Oracle, and MySQL. The platform serves a wide range of industries, including food and beverage, oil and gas, pharmaceuticals, and utilities, helping organizations derive actionable insights from their process data. Founded in 2013 and based in Seattle, Washington, Seeq aims to enhance business decision-making and operational performance through improved data analysis and collaboration.

FlexGen

Series A in 2015
FlexGen Power Systems, Inc. specializes in the development and manufacture of energy storage and hybrid power products, including solid state generators, power converters, and software control units. Founded in 2014 and based in Houston, Texas, the company focuses on providing innovative solutions that enhance the performance and reliability of energy systems for industrial clients, utilities, and government agencies. FlexGen's offerings include advisory services, operational maintenance, frequency regulation, and grid support, facilitating the integration of energy storage technologies with both traditional and renewable power generation. By working closely with advanced battery and capacitor manufacturers, FlexGen aims to optimize energy management, reduce electricity costs, and support the effective deployment of utility-scale storage projects worldwide.

Infrastructure Networks

Venture Round in 2013
Infrastructure Networks provides services for the acquisition and delivery of natural energy resources required to power a modern economy. It eliminates the frustrations associated with managing and scaling remote communications by providing end-to-end customer connectivity solutions. By leveraging the global scale and adoption of a leading standards-compliant technology, recognized technology leaders, along with 24/7 monitoring and boots-on-ground service, INET delivers “Wireless Infrastructure-as-a-Service” (W-Iaas) over the industry’s first end-to-end, private, LTE network. The company was founded in 2011 and is based in Houston, Texas.

Lilliputian Systems

Venture Round in 2012
Lilliputian Systems provides mobile power solutions for consumer electronics devices. The company aims to revolutionize mobile fuel, ushering in new applications and devices made possible by their technology.

Novinda

Series C in 2012
Novinda Corp., a Denver, CO-based developer of non-Carbon reagent for mercury emission control. Formed in 2009 as a spin out of CH2M HILL to commercialize environmental technologies for the power utility industry, and led by CEO Ed Williams, Novinda pioneered the concept of a reagent for removing mercury with chemical reactions, rather than through absorption technologies. Its Amended Silicates® is a non-carbon mercury control product 100% compatible with fly ash use in concrete products. It meets the mercury removal rates required by the EPA’s proposed Maximum Achievable Control Technology (MACT) standards.

OPX Biotechnologies

Series C in 2011
OPX Biotechnologies, Inc. is a Colorado-based bioproducts company using proprietary bioengineering technology to convert renewable feedstocks into biofuels and green chemistry products. The OPX EDGE - Efficiency Directed Genome Engineering - technology platform rapid, rational, and robust optimization of microbes and bioprocesses to achieve equivalent product performance with improved sustainability at lower cost versus petroleum based alternatives.

Gen4 Energy

Venture Round in 2011
Gen4 Energy, originally established as Hyperion Power Generation Inc. in 2007, is focused on commercializing the Gen4 Module, an advanced mini nuclear reactor. Developed from intellectual property by scientists at Los Alamos National Laboratory, the Gen4 Module aims to address the demand for a compact and transportable power source that is safe, clean, sustainable, and cost-effective. The G4M reactor, designed by Gen4 Energy, offers a low-cost and efficient alternative to traditional large water reactors, enhancing the licensing processes for next-generation nuclear technologies. This small-scale reactor is particularly suited for applications in mining, oil and gas operations, large government facilities, and isolated communities, providing a reliable source of baseload power.

Energy and Power Solutions

Venture Round in 2009
EPS was founded in 2003 by a group of engineers and cientists, with experience in the implementation of power rural systems and telecommunications worldwide, in the design and implementation of critical projects with high level of contingency, and in the planning and management of complex projects.

OPX Biotechnologies

Series B in 2009
OPX Biotechnologies, Inc. is a Colorado-based bioproducts company using proprietary bioengineering technology to convert renewable feedstocks into biofuels and green chemistry products. The OPX EDGE - Efficiency Directed Genome Engineering - technology platform rapid, rational, and robust optimization of microbes and bioprocesses to achieve equivalent product performance with improved sustainability at lower cost versus petroleum based alternatives.

Southwest Windpower

Series C in 2009
Southwest Windpower has been designing and distributing small wind turbines since 1987 and is the recognized global leader in the design, manufacturing and distribution of small wind systems. A pioneer in wind technology development, Southwest Windpower has built and shipped more than 180,000 wind turbines to over 120 countries worldwide. Headquartered in Broomfield, Colo., the company manufactures in Flagstaff, Ariz. and has operations in Cologne, Germany. The mission of Southwest Windpower is to be a global leader as a responsible designer, producer and provider of wind turbines up to 40kW, offering wind products chosen by customers for their quality, focused technology, performance, reliability, aesthetics, quietness, simplicity and lowest cost of energy.

Lilliputian Systems

Series D in 2009
Lilliputian Systems provides mobile power solutions for consumer electronics devices. The company aims to revolutionize mobile fuel, ushering in new applications and devices made possible by their technology.

Eco Power Solutions

Series A in 2008
Eco Power Solutions provides an advanced suite of emissions control solutions that include a multi–pollutant Air Quality Control System (MP-AQCS Reactor Module™) and a CO2 capture and conversion system. EPS' all–in–one Multi–Pollutant Air Quality Control System (MP-AQCS Reactor Module™) captures both regulated and unregulated air pollutants including CO2 from emission sources such as fossil fuel fired power plants and industrial facilities that contribute to acid rain, respiratory diseases and climate change. •IMMEDIATELY exceed stringent EPA regulations for NOx, SOx, Hg, and particulate matter and provide a solution for controlling GHG (CO2). •Lowest Levelized Cost solution on the market today for widest spectrum of pollutants removed •Smaller footprint, shop-assembled modules, and shortest cycle time from engineering to operation •Applicable to all fossil fuels and Energy from Waste fuel stock •Ideal for retrofit and new build applications •Potential expansion of primary fuel options for owner •Downstream byproduct revenue stream

Gen4 Energy

Series A in 2008
Gen4 Energy, originally established as Hyperion Power Generation Inc. in 2007, is focused on commercializing the Gen4 Module, an advanced mini nuclear reactor. Developed from intellectual property by scientists at Los Alamos National Laboratory, the Gen4 Module aims to address the demand for a compact and transportable power source that is safe, clean, sustainable, and cost-effective. The G4M reactor, designed by Gen4 Energy, offers a low-cost and efficient alternative to traditional large water reactors, enhancing the licensing processes for next-generation nuclear technologies. This small-scale reactor is particularly suited for applications in mining, oil and gas operations, large government facilities, and isolated communities, providing a reliable source of baseload power.
Evolutionary Genomics, Inc. is a biotechnology company focused on genomics research and the identification of positively selected genes in humans, animals, and crops. The company utilizes its proprietary Adapted Traits Platform to analyze vast genomic data and pinpoint genes that enhance critical agricultural traits, including yield, drought tolerance, pest and disease resistance, sugar content, and biomass. This platform allows for the identification of commercially valuable genetic targets, facilitating downstream applications in drug discovery and crop improvement. Established in 1990 and based in Castle Rock, Colorado, Evolutionary Genomics serves various clients, including governmental organizations, non-profit foundations, and commercial enterprises, primarily generating revenue through contract research and grants.

Beyond Compliance

Venture Round in 2007
Beyond Compliance was established to help energy companies manage regulatory and corporate compliance by improving the workflow between field operations and corporate office. The company’s Integrated Compliance Management System® (ICMS) provides field workers with appropriate tools to improve inefficient paper-based data gathering methods including; production data collection, field inspections, worker competency and safety management, incident tracking, and vendor management. Once collected, data is interpreted and can me made available in real time to help office personnel report deficiencies and manage corrective action.

GridPoint

Series D in 2007
GridPoint, Inc. specializes in energy management solutions that utilize data collection, big data analytics, and cloud computing to enhance energy efficiency and sustainability for various sectors. The company offers a comprehensive suite of products, including hardware for submetering and advanced monitoring, as well as the GridPoint Energy Manager, a cloud-based software platform designed to oversee energy-consuming assets like HVAC and lighting systems. Additionally, GridPoint provides a mobile application enabling users to access real-time data and site information conveniently. Its services encompass customer support, energy advisory, and site monitoring, targeting a diverse clientele that includes retailers, restaurants, commercial enterprises, government agencies, and educational institutions. Founded in 2003 and based in Reston, Virginia, GridPoint operates as a subsidiary of Twenty First Century Utilities and has deployed its solutions at over 12,000 sites, collecting vast amounts of customer data to drive energy savings and operational efficiency.

Enerpulse

Series B in 2007
Enerpulse is headquartered in Albuquerque, New Mexico. They develop environmentally friendly ignition products through the application of Pulsed Power Technology (PPT). With the assistance of Sandia National Laboratories in Albuquerque, Pulstarâ„¢ was designed to increase the peak power of the spark plug so it could ignite gasoline in the engine's cylinder more completely, with less cycle-to-cycle variation. Pulstar's extra power ignites fuel more completely, transforming your car into a more fuel-efficient vehicle that is a lot more fun to drive.

GridPoint

Series B in 2006
GridPoint, Inc. specializes in energy management solutions that utilize data collection, big data analytics, and cloud computing to enhance energy efficiency and sustainability for various sectors. The company offers a comprehensive suite of products, including hardware for submetering and advanced monitoring, as well as the GridPoint Energy Manager, a cloud-based software platform designed to oversee energy-consuming assets like HVAC and lighting systems. Additionally, GridPoint provides a mobile application enabling users to access real-time data and site information conveniently. Its services encompass customer support, energy advisory, and site monitoring, targeting a diverse clientele that includes retailers, restaurants, commercial enterprises, government agencies, and educational institutions. Founded in 2003 and based in Reston, Virginia, GridPoint operates as a subsidiary of Twenty First Century Utilities and has deployed its solutions at over 12,000 sites, collecting vast amounts of customer data to drive energy savings and operational efficiency.

Tantalus Systems

Venture Round in 2005
Tantalus provides Smart Grid communications solutions for Advanced Metering, Demand Response & Distribution Automation. TUNet® – the Tantalus Utility Network – is a rapid & reliable two-way network that enables electric, water & gas distributors to automate processes, improve business operations and deliver top-tier customer service. TUNet is deployed at utilities determined to manage resources intelligently and meet ambitious conservation goals.

RigNet

Series C in 2005
RigNet, Inc. provides remote communications services for the oil and gas industry in North America and internationally. It offers remote communications services through a controlled and managed Internet protocol/multiprotocol label switching (IP/MPLS) global network, enabling drilling contractors, oil companies, and oilfield service companies to communicate. The company offers a communications package of voice, video, networking, and real-time data management to offshore and land-based remote locations. It primarily provides voice-over-Internet-protocol, data, and high-speed Internet access and other value-added services, such as real-time data management solutions, WiFi hotspots and Internet kiosks, video conferencing solutions, wireless intercoms, handheld radios, and telemedicine. The company also offers Secure Oil Information Link, a managed members-only communications network hub that enables collaborative partners, suppliers, and customers to transfer and share data. It serves the owners and operators of offshore drilling rigs and production facilities, land rigs, remote offices, and supply bases in approximately 30 countries, including the United States, Mexico, Qatar, Saudi Arabia, Singapore, and Australia. The company was founded in 2000 and is headquartered in Houston, Texas.

Desert Power

Series A in 2005
Desert Power Inc are commtted to providing quality service and components to the natural gas compression industry.

RigNet

Series B in 2004
RigNet, Inc. provides remote communications services for the oil and gas industry in North America and internationally. It offers remote communications services through a controlled and managed Internet protocol/multiprotocol label switching (IP/MPLS) global network, enabling drilling contractors, oil companies, and oilfield service companies to communicate. The company offers a communications package of voice, video, networking, and real-time data management to offshore and land-based remote locations. It primarily provides voice-over-Internet-protocol, data, and high-speed Internet access and other value-added services, such as real-time data management solutions, WiFi hotspots and Internet kiosks, video conferencing solutions, wireless intercoms, handheld radios, and telemedicine. The company also offers Secure Oil Information Link, a managed members-only communications network hub that enables collaborative partners, suppliers, and customers to transfer and share data. It serves the owners and operators of offshore drilling rigs and production facilities, land rigs, remote offices, and supply bases in approximately 30 countries, including the United States, Mexico, Qatar, Saudi Arabia, Singapore, and Australia. The company was founded in 2000 and is headquartered in Houston, Texas.

Southwest Windpower

Series A in 2004
Southwest Windpower has been designing and distributing small wind turbines since 1987 and is the recognized global leader in the design, manufacturing and distribution of small wind systems. A pioneer in wind technology development, Southwest Windpower has built and shipped more than 180,000 wind turbines to over 120 countries worldwide. Headquartered in Broomfield, Colo., the company manufactures in Flagstaff, Ariz. and has operations in Cologne, Germany. The mission of Southwest Windpower is to be a global leader as a responsible designer, producer and provider of wind turbines up to 40kW, offering wind products chosen by customers for their quality, focused technology, performance, reliability, aesthetics, quietness, simplicity and lowest cost of energy.

WindLogics

Series B in 2004
WindLogics, previously known as SSESCO, specializes in advanced wind analysis and forecasting services tailored for stakeholders in the wind energy sector, including developers, investors, and utilities. The company evaluates potential wind energy sites and offers real-time forecasting and operational optimization. By leveraging exclusive historical weather data and established meteorological models, WindLogics is capable of calculating three-dimensional wind fields, which enhances the accuracy of its analyses. In addition to wind energy, the company also provides solutions for renewable energy project planning and design, including solar plants, contributing to the development of low-cost sustainable power systems.

Enerpulse

Series A in 2004
Enerpulse is headquartered in Albuquerque, New Mexico. They develop environmentally friendly ignition products through the application of Pulsed Power Technology (PPT). With the assistance of Sandia National Laboratories in Albuquerque, Pulstarâ„¢ was designed to increase the peak power of the spark plug so it could ignite gasoline in the engine's cylinder more completely, with less cycle-to-cycle variation. Pulstar's extra power ignites fuel more completely, transforming your car into a more fuel-efficient vehicle that is a lot more fun to drive.

Tubel Technologies

Series A in 2003
Tubel Technologies specializes in innovative solutions for the oil and gas industry, focusing on enhancing exploration and production processes. The company develops advanced intelligent well technologies, including downhole two-way wireless sensor systems designed for coiled tubing stimulation and reservoir monitoring. Their offerings also feature downhole power generators and fiber optic pressure sensor systems, which facilitate permanent monitoring of reservoirs. By integrating these technologies, Tubel Technologies aims to optimize efficiency and performance in oil and gas operations.

MicroSeismic

Series A in 2003
MicroSeismic, Inc. is an oilfield services company that specializes in microseismic-based completions evaluation and monitoring services for the oil and gas industry. Founded in 2003 and based in Houston, Texas, the company offers a range of services including hydraulic fracture monitoring, seismicity monitoring, and reservoir evaluation. By utilizing surface, near-surface, and downhole arrays, MicroSeismic helps clients understand the response of reservoirs to stimulation, thereby enhancing operational efficiency and economic outcomes. Key offerings include Passive Seismic Emission Tomography (PSET) technology for locating microseismic events, real-time monitoring solutions, and various analytical tools to assess seismic data and uncertainties. The company serves a diverse clientele both domestically and internationally, focusing on unconventional oil and gas plays.

EnergyWindow

Series A in 2003
EnergyWindow specializes in energy supply management solutions, offering technology-based tools and consulting services to assist large energy consumers in managing their energy procurement. Since its inception in 1999, the company has focused on helping business energy buyers navigate the complexities of natural gas and electricity costs, providing unbiased and strategic support throughout the energy supply cycle. Their offerings include cost forecasting and procurement assistance, empowering clients to make informed decisions that optimize their energy usage and reduce expenses.

RigNet

Series A in 2001
RigNet, Inc. provides remote communications services for the oil and gas industry in North America and internationally. It offers remote communications services through a controlled and managed Internet protocol/multiprotocol label switching (IP/MPLS) global network, enabling drilling contractors, oil companies, and oilfield service companies to communicate. The company offers a communications package of voice, video, networking, and real-time data management to offshore and land-based remote locations. It primarily provides voice-over-Internet-protocol, data, and high-speed Internet access and other value-added services, such as real-time data management solutions, WiFi hotspots and Internet kiosks, video conferencing solutions, wireless intercoms, handheld radios, and telemedicine. The company also offers Secure Oil Information Link, a managed members-only communications network hub that enables collaborative partners, suppliers, and customers to transfer and share data. It serves the owners and operators of offshore drilling rigs and production facilities, land rigs, remote offices, and supply bases in approximately 30 countries, including the United States, Mexico, Qatar, Saudi Arabia, Singapore, and Australia. The company was founded in 2000 and is headquartered in Houston, Texas.

NUTECH - Visionary Reservoir Intelligence

Private Equity Round in 1998
NUTECH - Visionary Reservoir Intelligence is an oil & energy company specializing in exploration & production services.
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