Saudi Aramco
Saudi Aramco is the national oil company of Saudi Arabia and the world's largest producer of oil and gas, with exclusive rights to explore, produce, and refine hydrocarbons. It maintains a global footprint across refining, chemicals, and downstream operations, supported by extensive procurement, engineering, research, IT, finance, legal, HR, and public relations services. The company operates through a broad network of affiliates and international offices to supply energy to markets worldwide and optimize production, efficiency, and value across upstream and downstream activities. Its operations span Europe, Asia, the Middle East, Africa, and the Americas, with substantial refining capacity and a large chemical manufacturing portfolio. Aramco engages in venture investing through its corporate arms to back technologies in areas such as sustainability, digitalization, and energy efficiency that complement its core energy business. The company emphasizes reliability and scale, balancing traditional hydrocarbon leadership with efforts in technology, efficiency, and global energy development.
Past deals in Industrial Gases
Utility Global
Series C in 2024
Utility Global, Inc. is a technology company based in Provo, Utah, founded in 2018. It specializes in the design and development of innovative solutions for manufacturing, sensing, control, and nanotechnology, with a focus on its proprietary gas production technology known as eXERO™. This technology features a unique reactor that converts variable industrial process gases into high-purity hydrogen and a concentrated CO2 stream, facilitating on-site carbon capture without requiring electricity. The hydrogen produced can be utilized as a replacement for coke in steelmaking, while the high purity of the CO2 stream simplifies and reduces the costs associated with carbon capture. Through its advancements, Utility Global aims to contribute to a low-carbon future and support the decarbonization of the steel industry.
CorrosionRADAR
Series B in 2024
CorrosionRADAR is a company that develops corrosion monitoring systems using distributed sensor technology to detect and predict hidden corrosion and moisture in critical assets. Its remote sensing solutions are designed for oil and gas facilities including refineries, offshore and onshore rigs, pipelines, as well as power plants, storage tanks, and industrial infrastructure. The technology combines IIoT-enabled sensors and advanced analytics to quantify corrosion severity, locate corrosion in inaccessible environments, and enable online monitoring and predictive maintenance. Applications span industrial manufacturing, utility pipelines, chemical plants, wind turbines, bridges, tunnels, and civil infrastructure, helping clients improve safety, reliability, and maintenance costs.
Grand perspective
Series A in 2022
Grandperspective GmbH, founded in 2018 and based in Berlin, Germany, specializes in manufacturing gas detection systems tailored for the petrochemical sector, gas loading stations, chemical parks, and pipeline monitoring. The company develops an advanced early warning system capable of covering extensive industrial areas, effectively visualizing and locating hazardous gas clouds. Utilizing optical sensor technology, Grandperspective's systems detect a broad spectrum of chemicals from a distance and provide real-time alerts for gas leaks and fugitive emissions. By combining innovative sensors with sophisticated software, the company enables clients to monitor production sites, storage facilities, and transportation areas, ensuring the protection of infrastructure and facilitating cost-effective emission monitoring.
Utility Global
Venture Round in 2021
Utility Global, Inc. is a technology company based in Provo, Utah, founded in 2018. It specializes in the design and development of innovative solutions for manufacturing, sensing, control, and nanotechnology, with a focus on its proprietary gas production technology known as eXERO™. This technology features a unique reactor that converts variable industrial process gases into high-purity hydrogen and a concentrated CO2 stream, facilitating on-site carbon capture without requiring electricity. The hydrogen produced can be utilized as a replacement for coke in steelmaking, while the high purity of the CO2 stream simplifies and reduces the costs associated with carbon capture. Through its advancements, Utility Global aims to contribute to a low-carbon future and support the decarbonization of the steel industry.
CorrosionRADAR
Series A in 2021
CorrosionRADAR is a company that develops corrosion monitoring systems using distributed sensor technology to detect and predict hidden corrosion and moisture in critical assets. Its remote sensing solutions are designed for oil and gas facilities including refineries, offshore and onshore rigs, pipelines, as well as power plants, storage tanks, and industrial infrastructure. The technology combines IIoT-enabled sensors and advanced analytics to quantify corrosion severity, locate corrosion in inaccessible environments, and enable online monitoring and predictive maintenance. Applications span industrial manufacturing, utility pipelines, chemical plants, wind turbines, bridges, tunnels, and civil infrastructure, helping clients improve safety, reliability, and maintenance costs.
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