Aramco

Aramco Overseas Company (AOC), established in 1948, is a global service provider to Saudi Aramco, supporting its mission to supply energy worldwide. AOC offers a wide range of services, including purchasing and logistics, inspection, engineering, research and technology, IT, finance, legal, public relations, HR, international staffing, and executive services. With headquarters in The Hague and satellite offices across Europe, Asia, and the Middle East, AOC operates in regions excluding North America and Saudi Arabia. It also holds interests in refining companies and storage facilities, and has a history of operating in various global locations.

Mahdi Aladel

CEO

Tareq Amin

CEO of Aramco Digital

Frank Andrasco

Senior Investment Director, North America

Chris Haase Ph.D

Investment Director, North America

Hill, Michael

Senior Investment Director, Europe

Hans Middelthon

Managing Director, Europe

Bruce Niven

Executive Managing Director, Strategic Venturing

Richard Riggs Ph.D

Investment Director, Europe

Anupam Singh

Senior Investment Director

Aysar Tayeb

Executive Managing Director, Prosperity7

Tibor Toth

Investment Director, North America

Moodhi Tubayyeb

Investment Associate

Iris Wu

Investment Associate, North America

Past deals in Oil and Gas

Andium

Series B in 2024
Andium Inc. is a developer and manufacturer of cloud-based computing devices focused on real-time data management within the Industrial Internet of Things (IIoT) sector. Headquartered in New York, the company offers a range of products, including the Andium Industrial Edge v2.0 for data monitoring in oil and gas applications, Andium Flow Computer v1.2 for gas volumetric flow computation, and Andium Truck Wi-Fi for in-vehicle digital communications. Founded in 2014 and formerly known as Mobile Iris, Inc., Andium aims to empower organizations by providing sophisticated, cost-effective, and power-efficient hardware that enables modern remote monitoring capabilities. By leveraging its technology, the company delivers an ecosystem of automated products and services designed to streamline operations, reduce onsite labor, and minimize human error, making it easier for businesses to implement intelligent solutions without significant infrastructure investments.

HYDROGEN Mem-Tech

Venture Round in 2024
HYDROGEN Mem-Tech is focused on advancing the transition to sustainable energy through its innovative hydrogen separation technology, which incorporates carbon capture capabilities. The company specializes in the development of palladium membranes designed specifically for efficient hydrogen separation and carbon dioxide capture. Its technology is capable of producing clean hydrogen while minimizing maintenance costs and ensuring a low environmental impact. This makes it particularly beneficial for a range of industries, including refineries, bio-refineries, chemical manufacturing, steel production, power generation, gas networks, and agriculture. By providing clients with sustainable energy options that have zero emissions, HYDROGEN Mem-Tech enables them to gain a significant competitive advantage in their respective sectors.

Seeq

Series D in 2024
Seeq Corporation is a software company that specializes in analytics solutions for industrial process data. Founded in 2012 and headquartered in Seattle, Washington, Seeq provides an application that enables users to process data analytics, cleanse data, model information, and monitor assets in real time. The platform integrates data from various sources, including historians like OSIsoft PI and relational databases such as SQL Server and Oracle. By focusing on industries such as food and beverage, oil and gas, pharmaceuticals, and utilities, Seeq aims to help organizations derive valuable insights from their industrial data. The company fosters collaboration among employees, facilitating better business decisions and operational execution.

Corrosion RADAR

Series B in 2024
CorrosionRADAR Ltd is a company specializing in corrosion monitoring systems through innovative sensor technology aimed at detecting and predicting hidden corrosion. Founded in 2017 and headquartered in Cambridge, United Kingdom, with a research facility in Bedfordshire, the company serves a diverse range of industries, including oil and gas, power and utilities, industrial manufacturing, and civil infrastructure. Its advanced technologies utilize distributed sensing and analytics to offer predictive corrosion management, enabling clients to effectively monitor corrosion and moisture levels, particularly in challenging environments. By providing insights into corrosion severity and location, CorrosionRADAR supports safe, reliable, and cost-effective maintenance and inspection practices across various sectors, including offshore and onshore energy operations, chemical plants, and infrastructure projects.

Esmax

Acquisition in 2023
Esmax is a seasoned player in the fuel and lubricants market, boasting over 100 years of industry experience. The company is dedicated to quality and safety, which are integral to its operations across the entire production chain. Esmax provides natural gas and crude petroleum distribution services and operates 279 service stations and eight distribution terminals at eleven airports. Additionally, it is involved in two logistics companies and manages a lubricant plant, all while focusing on sustainable energy distribution and high operational efficiency. This extensive infrastructure allows Esmax to offer ongoing support and develop customized solutions for its industrial and aviation clients.

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.

Data Gumbo

Series C in 2022
Data Gumbo Corporation is a Houston-based company, founded in 2016, that specializes in blockchain-based smart contract services. The company offers a unique Blockchain-as-a-Service platform that automates the execution of smart contracts by utilizing standardized data collected from real-time sensors and operational systems. This platform enhances operational efficiency by enabling enterprises to validate and automate transactions, thus eliminating payment delays and disputes. Data Gumbo serves clients primarily in the oil and gas industry, but its solutions are applicable across various sectors, promoting transparency and accountability in business transactions. The company's technology integrates distributed ledger capabilities with IoT data, allowing organizations to manage contracts with greater certainty while simplifying compliance with environmental, social, and governance standards. With additional offices in Stavanger, Norway, Data Gumbo aims to transform the way companies transact by increasing operational visibility and reducing the need for audits.

Clarke Valve

Series D in 2022
Clarke Valve is a developer of advanced energy-saving shutter valves tailored for industrial and aerospace applications. Established in 2011 and headquartered in North Kingstown, Rhode Island, the company specializes in valves that provide features such as zero pressure drop, zero flow restriction, and precise flow control. These innovations result in negligible turbulence, low cavitation, and reduced noise levels, making them suitable for demanding environments like oil and gas, chemical plants, power generation, and water management. Clarke Valve's products are designed for easy scalability and customization, ensuring they meet a wide range of operational requirements while promoting efficient energy use and long-term reliability.

HYDROGEN Mem-Tech

Venture Round in 2022
HYDROGEN Mem-Tech is focused on advancing the transition to sustainable energy through its innovative hydrogen separation technology, which incorporates carbon capture capabilities. The company specializes in the development of palladium membranes designed specifically for efficient hydrogen separation and carbon dioxide capture. Its technology is capable of producing clean hydrogen while minimizing maintenance costs and ensuring a low environmental impact. This makes it particularly beneficial for a range of industries, including refineries, bio-refineries, chemical manufacturing, steel production, power generation, gas networks, and agriculture. By providing clients with sustainable energy options that have zero emissions, HYDROGEN Mem-Tech enables them to gain a significant competitive advantage in their respective sectors.

Data Gumbo

Series B in 2021
Data Gumbo Corporation is a Houston-based company, founded in 2016, that specializes in blockchain-based smart contract services. The company offers a unique Blockchain-as-a-Service platform that automates the execution of smart contracts by utilizing standardized data collected from real-time sensors and operational systems. This platform enhances operational efficiency by enabling enterprises to validate and automate transactions, thus eliminating payment delays and disputes. Data Gumbo serves clients primarily in the oil and gas industry, but its solutions are applicable across various sectors, promoting transparency and accountability in business transactions. The company's technology integrates distributed ledger capabilities with IoT data, allowing organizations to manage contracts with greater certainty while simplifying compliance with environmental, social, and governance standards. With additional offices in Stavanger, Norway, Data Gumbo aims to transform the way companies transact by increasing operational visibility and reducing the need for audits.

Seeq

Series C in 2021
Seeq Corporation is a software company that specializes in analytics solutions for industrial process data. Founded in 2012 and headquartered in Seattle, Washington, Seeq provides an application that enables users to process data analytics, cleanse data, model information, and monitor assets in real time. The platform integrates data from various sources, including historians like OSIsoft PI and relational databases such as SQL Server and Oracle. By focusing on industries such as food and beverage, oil and gas, pharmaceuticals, and utilities, Seeq aims to help organizations derive valuable insights from their industrial data. The company fosters collaboration among employees, facilitating better business decisions and operational execution.

Corrosion RADAR

Series A in 2021
CorrosionRADAR Ltd is a company specializing in corrosion monitoring systems through innovative sensor technology aimed at detecting and predicting hidden corrosion. Founded in 2017 and headquartered in Cambridge, United Kingdom, with a research facility in Bedfordshire, the company serves a diverse range of industries, including oil and gas, power and utilities, industrial manufacturing, and civil infrastructure. Its advanced technologies utilize distributed sensing and analytics to offer predictive corrosion management, enabling clients to effectively monitor corrosion and moisture levels, particularly in challenging environments. By providing insights into corrosion severity and location, CorrosionRADAR supports safe, reliable, and cost-effective maintenance and inspection practices across various sectors, including offshore and onshore energy operations, chemical plants, and infrastructure projects.

Data Gumbo

Series B in 2020
Data Gumbo Corporation is a Houston-based company, founded in 2016, that specializes in blockchain-based smart contract services. The company offers a unique Blockchain-as-a-Service platform that automates the execution of smart contracts by utilizing standardized data collected from real-time sensors and operational systems. This platform enhances operational efficiency by enabling enterprises to validate and automate transactions, thus eliminating payment delays and disputes. Data Gumbo serves clients primarily in the oil and gas industry, but its solutions are applicable across various sectors, promoting transparency and accountability in business transactions. The company's technology integrates distributed ledger capabilities with IoT data, allowing organizations to manage contracts with greater certainty while simplifying compliance with environmental, social, and governance standards. With additional offices in Stavanger, Norway, Data Gumbo aims to transform the way companies transact by increasing operational visibility and reducing the need for audits.

Seeq

Series B in 2020
Seeq Corporation is a software company that specializes in analytics solutions for industrial process data. Founded in 2012 and headquartered in Seattle, Washington, Seeq provides an application that enables users to process data analytics, cleanse data, model information, and monitor assets in real time. The platform integrates data from various sources, including historians like OSIsoft PI and relational databases such as SQL Server and Oracle. By focusing on industries such as food and beverage, oil and gas, pharmaceuticals, and utilities, Seeq aims to help organizations derive valuable insights from their industrial data. The company fosters collaboration among employees, facilitating better business decisions and operational execution.

Specialty RTP

Venture Round in 2020
Specialty RTP is a design and manufacturing company specializing in polymer pipe and reinforced thermoplastic pipe products. The company offers a range of services, including turnkey rehabilitation, spoolable pipe, velocity strings, and lift systems, catering to both onshore and offshore surface line needs. By providing innovative thermoplastic solutions, Specialty RTP aims to optimize production rates while minimizing capital and operating expenses, all without compromising safety. This approach enables clients to maximize their assets and seek alternatives for enhancing the profitability of mature reservoirs.

Seeq

Series B in 2019
Seeq Corporation is a software company that specializes in analytics solutions for industrial process data. Founded in 2012 and headquartered in Seattle, Washington, Seeq provides an application that enables users to process data analytics, cleanse data, model information, and monitor assets in real time. The platform integrates data from various sources, including historians like OSIsoft PI and relational databases such as SQL Server and Oracle. By focusing on industries such as food and beverage, oil and gas, pharmaceuticals, and utilities, Seeq aims to help organizations derive valuable insights from their industrial data. The company fosters collaboration among employees, facilitating better business decisions and operational execution.

Data Gumbo

Series A in 2019
Data Gumbo Corporation is a Houston-based company, founded in 2016, that specializes in blockchain-based smart contract services. The company offers a unique Blockchain-as-a-Service platform that automates the execution of smart contracts by utilizing standardized data collected from real-time sensors and operational systems. This platform enhances operational efficiency by enabling enterprises to validate and automate transactions, thus eliminating payment delays and disputes. Data Gumbo serves clients primarily in the oil and gas industry, but its solutions are applicable across various sectors, promoting transparency and accountability in business transactions. The company's technology integrates distributed ledger capabilities with IoT data, allowing organizations to manage contracts with greater certainty while simplifying compliance with environmental, social, and governance standards. With additional offices in Stavanger, Norway, Data Gumbo aims to transform the way companies transact by increasing operational visibility and reducing the need for audits.

Clarke Valve

Series B in 2018
Clarke Valve is a developer of advanced energy-saving shutter valves tailored for industrial and aerospace applications. Established in 2011 and headquartered in North Kingstown, Rhode Island, the company specializes in valves that provide features such as zero pressure drop, zero flow restriction, and precise flow control. These innovations result in negligible turbulence, low cavitation, and reduced noise levels, making them suitable for demanding environments like oil and gas, chemical plants, power generation, and water management. Clarke Valve's products are designed for easy scalability and customization, ensuring they meet a wide range of operational requirements while promoting efficient energy use and long-term reliability.

Well-SENSE

Corporate Round in 2018
Well-SENSE Technology Ltd. is a company based in Aberdeen, United Kingdom, specializing in the development of disposable fiber optic systems for the oil and gas industry. Founded in 2015, the company offers innovative FiberLine Intervention (FLI) technology, which facilitates real-time distributed temperature, pressure, and acoustic measurements along the length of a well. This technology enhances various applications, including cement assurance, gas lift optimization, and flow monitoring, by providing high-definition data that helps clients address oilfield challenges effectively. In addition to FLI, Well-SENSE provides single-point temperature and pressure sensors, digital caliper gauges, and advanced surveying techniques, all aimed at reducing costs, minimizing risks, and improving operational efficiency in the oil and gas sector.

Clarke Valve

Series B in 2018
Clarke Valve is a developer of advanced energy-saving shutter valves tailored for industrial and aerospace applications. Established in 2011 and headquartered in North Kingstown, Rhode Island, the company specializes in valves that provide features such as zero pressure drop, zero flow restriction, and precise flow control. These innovations result in negligible turbulence, low cavitation, and reduced noise levels, making them suitable for demanding environments like oil and gas, chemical plants, power generation, and water management. Clarke Valve's products are designed for easy scalability and customization, ensuring they meet a wide range of operational requirements while promoting efficient energy use and long-term reliability.

Gryphon Oilfield Solutions

Private Equity Round in 2018
Gryphon Oilfield Solutions LLC, established in 2015, specializes in manufacturing tools and equipment for oil and gas field services. Headquartered in Houston, Texas with additional offices in Calgary, Canada, the company offers a range of solutions including frac sleeves, toe initiation systems, coiled tubing services, zonal isolation tools, liner packers, remedial workover equipment, plug and perf systems, and casing equipment. Gryphon's products aim to enhance efficiencies and optimize hydrocarbon recovery for its clients across various global locations.

Maana

Series C in 2017
Maana, Inc. is a technology company that specializes in industrial data analytics and knowledge-centric software solutions. Founded in 2012 and headquartered in Palo Alto, California, with additional offices in Bellevue, Washington, Houston, Texas, London, United Kingdom, and Dhahran, Saudi Arabia, Maana offers the Maana Knowledge Platform, which facilitates operational problem solving and enhances knowledge discovery to drive profitability. The platform is underpinned by a patented Knowledge Graph that efficiently extracts knowledge from data silos, revealing relationships within the context of specific assets or processes. Maana serves various sectors including industrial field services, maintenance, sales, logistics, finance, risk and compliance, and oil and gas, helping global companies optimize their operations and make data-driven decisions.

Paradigm Group

Venture Round in 2017
Paradigm Group is an oil and gas company that offers drilling enhancement, well intervention, fire protection, and other energy services.

Cannseal

Venture Round in 2016
CannSeal is a Norwegian-based, technology-focused, oil service company that has developed a proprietary annular isolation technology for enhanced oil recovery.

Strohm

Venture Round in 2016
Strohm is a private supply chain company specializing in the offshore wind-to-hydrogen sector. It manufactures fully bonded, thermoplastic composite pipes designed for various applications in the offshore oil and gas industry. Strohm's product offerings include downlines, well intervention hoses, jumpers, spools, offshore flowlines, and risers. These composite pipes are lightweight, high-strength, and corrosion-resistant, providing significant cost and operational advantages for clients engaged in subsea intervention and production activities. Through its innovative solutions, Strohm aims to enhance efficiency and reliability in the energy sector.

Zahroof Valves

Series C in 2016
Zahroof Valves, Inc. is a Houston-based manufacturer specializing in performance valves for reciprocating gas compressors. The company is renowned for its Zahroof Performance Valves, which utilize patented Modular Reed Valve technology. These valves are designed to enhance compressor serviceability, increase reliability, and reduce power consumption by 5-15%, resulting in significant fuel savings and lowered operational costs for various industries including natural gas, oil and gas, refineries, and chemical plants. Zahroof Valves develops StraightFlo valves that feature a modular design, streamlining maintenance and improving overall compressor efficiency. Since its founding in 2010, Zahroof Valves has focused on delivering advanced solutions that minimize downtime and enhance productivity for its clients across multiple sectors.

Maana

Series B in 2016
Maana, Inc. is a technology company that specializes in industrial data analytics and knowledge-centric software solutions. Founded in 2012 and headquartered in Palo Alto, California, with additional offices in Bellevue, Washington, Houston, Texas, London, United Kingdom, and Dhahran, Saudi Arabia, Maana offers the Maana Knowledge Platform, which facilitates operational problem solving and enhances knowledge discovery to drive profitability. The platform is underpinned by a patented Knowledge Graph that efficiently extracts knowledge from data silos, revealing relationships within the context of specific assets or processes. Maana serves various sectors including industrial field services, maintenance, sales, logistics, finance, risk and compliance, and oil and gas, helping global companies optimize their operations and make data-driven decisions.

Target Intervention

Venture Round in 2015
Target Intervention AS is a company that specializes in developing advanced downhole tool solutions for fracture and intervention applications in the oil and gas sector. Founded in 2011 and based in Ålgård, Norway, the company serves a range of customers both domestically and internationally. Target Intervention offers coiled tubing tools that feature high flow capability and fully electric, independently operated functions. These tools are equipped with electric downhole motors that control packing elements, anchors, and valves, allowing for real-time monitoring of essential well parameters such as pressure, temperature, and mechanical force. This technology enhances operator control and reliability, making coiled tubing interventions more efficient and effective.

InflowControl

Private Equity Round in 2013
InflowControl AS is a technology company focused on developing innovative inflow control technology to enhance recovery and production from oil and gas reservoirs. Founded in May 2011, the company leverages over 15 years of expertise in passive and autonomous inflow control devices. InflowControl aims to improve oil and gas extraction by providing solutions that increase recovery factors, reduce water cut and gas-oil ratios, and enhance drainage efficiency. The company's offerings include both passive and autonomous flow control devices, which are currently under construction and testing. With a commitment to quality, InflowControl is certified under ISO 9001:2008 and recognized as a reputable supplier in the oil industry in Norway and Denmark. Its management team comprises the founders, who possess extensive experience in all facets of inflow control technology, including innovation, design, and production.

Zilift

Venture Round in 2013
Zilift Limited is an oil and gas technology company based in Aberdeen, United Kingdom, with an additional location in Bakersfield, California. Founded in 2009, Zilift specializes in developing and marketing advanced magnet technologies for artificial lift applications. The company offers two primary product lines: TorqueDrive and SpeedDrive. TorqueDrive is an integrated downhole drivetrain system designed for progressing cavity pumps, improving performance and flexibility in wellbore placement while eliminating common failures associated with conventional top drive systems. SpeedDrive, on the other hand, is an innovative electrical submersible pump (ESP) that stands out as the world's only 2⁵⁄₈″ diameter ESP, enabling deployment via cable or wireline. This technology allows for effective interventions in slim bore and restricted access applications, significantly reducing lifting costs and expanding deployment options for clients. Zilift's compact, high-efficiency designs leverage permanent magnet materials to enhance power density and operational versatility in challenging environments.

Sekal AS

Venture Round in 2013
Sekal AS is a Norwegian company founded in 2011 and headquartered in Sandnes. It specializes in developing software solutions designed to enhance the safety and efficiency of drilling operations in the oil and gas industry. The company's primary products include DrillScene and DrillTronics. DrillScene is an advanced monitoring tool that detects deteriorating hole conditions by continuously comparing model-based predictions to real-time measurements at the drilling site, helping to prevent significant drilling issues. DrillTronics is a drilling automation system that actively manages equipment such as draw-works, top-drives, and mud pumps, optimizing drilling operations and reducing non-productive time. In addition to its software offerings, Sekal AS also provides drilling engineering services. As of July 2019, Sekal AS operates as a subsidiary of Sumitomo Corporation.
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