Ascent Energy Ventures

Galatea Technologies operates a SaaS platform designed to optimize logistics processes in industries with complex, dynamic decision-making needs. Its initial application, Waste Coordinator, focuses on the oilfield waste sector. This platform automates transportation workflows, enabling users to enhance operational efficiency, financial performance, and environmental sustainability by optimizing disposal decisions and digitizing waste management processes.

Splight is an artificial intelligence company focused on transforming the energy sector through the creation of Artificial Energy, a groundbreaking form of green energy generated by optimizing existing power infrastructure. Utilizing a proprietary digital platform, Splight harnesses unutilized grid capacity by integrating advanced technologies such as machine learning, blockchain, and cloud computing. This innovative approach not only enhances energy production but also facilitates resource optimization for stakeholders in the energy industry. By providing tools that enable businesses to improve energy operations and reduce environmental impact, Splight contributes to the transition toward a cleaner, sustainable energy landscape while increasing profitability for its clients.

BidOut is an AI-powered procurement platform tailored for the energy industry, designed to simplify and accelerate the bidding process. By connecting service providers directly to buyers, BidOut enhances the procurement experience through features such as automated proposal requests and standardized bid formats. The platform facilitates easier comparisons of bids, granting suppliers greater control and streamlining various processes across engineering, supply chain, and procurement. By reducing reliance on traditional methods like spreadsheets, BidOut helps energy sector stakeholders save time and resources while expanding access to new operators.

Iron-IQ is a developer of a cloud-based supervisory control and data acquisition platform that focuses on the Industrial Internet of Things (IIoT). The platform enables users to remotely monitor and control various devices across sectors such as oil and gas, water, and other industrial services. By providing real-time monitoring capabilities, Iron-IQ allows businesses to enhance production efficiency while minimizing engineering time and reducing the need for field service trips. This innovative approach facilitates better management of resources and operational processes, contributing to improved overall productivity.

Teren, founded in 2021, provides geospatial intelligence solutions designed to help businesses and communities manage environmental threats. The company leverages advanced computing, deep earth and data science to create a cloud-based software platform known as Terevue. This platform offers users access to real-time, actionable insights regarding infrastructure risk and resilience. Serving over 100 clients across various sectors including energy, utilities, and transportation in the US and Europe, Teren equips critical infrastructure industries with the tools needed to address challenges such as landslides, floods, and wildfires. Through innovative use of climate resilience data and remote sensing, Teren empowers organizations to identify, prioritize, and monitor environmental risks, ultimately contributing to the development of safer and more sustainable communities.