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.
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Past deals in Oil and Gas
Andium
Series B in 2024
Andium Inc. develops and manufactures cloud-based computing devices for real-time data management in industrial settings. Its products include Andium Industrial Edge v2.0 for data monitoring and sensor management in oil and gas applications, Andium Flow Computer v1.2 for gas volumetric flow computation, and Andium Truck Wi-Fi for fleet connectivity.
Hydrogen Mem-Tech
Venture Round in 2024
Hydrogen Mem-Tech develops palladium membrane technology for hydrogen separation and carbon capture. The system enables clean hydrogen production with low maintenance and a smaller environmental footprint, suitable for refineries, bio-refineries, chemical plants, steel production, power generation, gas networks and agriculture, helping customers pursue zero-emission energy options and a competitive advantage.
Seeq Corporation
Series D in 2024
Seeq Corporation specializes in analytics software for industrial process data. Its flagship product, Seeq, integrates data from multiple sources like OSIsoft PI and GE Proficy, enabling users to search, cleanse, model data, find patterns, monitor assets, collaborate in real-time, and interact with time series data. Serving industries such as food & beverage, oil & gas, and utilities, Seeq helps drive better business decisions through insights derived from industrial process data.
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.
Esmax
Acquisition in 2023
Founded on extensive industry knowledge spanning over a century, Esmax specializes in fuel and lubricants. Committed to quality and safety, Esmax serves industrial and aviation clients with customized solutions and continuous support.
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 provides a blockchain-based smart contract platform that links real-time IoT sensor data with operational information to automate performance-based transactions. The platform operates as a blockchain-as-a-service solution, collecting and standardizing data for smart contract algorithms and enabling automatic execution on configurable schedules. It serves enterprises globally, including oil and gas supply chains, and aims to reduce payment delays, disputes, and complex reconciliations by integrating real-time data, APIs, and distributed ledger technology. Beyond transactional automation, the company offers sustainability measurement tools that tie operational data to ESG standards, helping reduce contract leakage, free up working capital, and improve cash flow and visibility. The result is streamlined operations, greater accountability, and provenance across complex industrial networks.
Clarke Valve
Series D in 2022
Founded in 2011, Clarke Valve specializes in developing energy-saving shutter valves designed for diverse industrial and aerospace applications. Its valves offer a unique combination of features such as zero pressure drop, precise flow control, low noise, thin footprint, and long-term reliability, enabling efficient use in challenging applications across power plants, oil and gas facilities, and chemical plants.
Hydrogen Mem-Tech
Venture Round in 2022
Hydrogen Mem-Tech develops palladium membrane technology for hydrogen separation and carbon capture. The system enables clean hydrogen production with low maintenance and a smaller environmental footprint, suitable for refineries, bio-refineries, chemical plants, steel production, power generation, gas networks and agriculture, helping customers pursue zero-emission energy options and a competitive advantage.
Data Gumbo
Series B in 2021
Data Gumbo provides a blockchain-based smart contract platform that links real-time IoT sensor data with operational information to automate performance-based transactions. The platform operates as a blockchain-as-a-service solution, collecting and standardizing data for smart contract algorithms and enabling automatic execution on configurable schedules. It serves enterprises globally, including oil and gas supply chains, and aims to reduce payment delays, disputes, and complex reconciliations by integrating real-time data, APIs, and distributed ledger technology. Beyond transactional automation, the company offers sustainability measurement tools that tie operational data to ESG standards, helping reduce contract leakage, free up working capital, and improve cash flow and visibility. The result is streamlined operations, greater accountability, and provenance across complex industrial networks.
Seeq Corporation
Series C in 2021
Seeq Corporation specializes in analytics software for industrial process data. Its flagship product, Seeq, integrates data from multiple sources like OSIsoft PI and GE Proficy, enabling users to search, cleanse, model data, find patterns, monitor assets, collaborate in real-time, and interact with time series data. Serving industries such as food & beverage, oil & gas, and utilities, Seeq helps drive better business decisions through insights derived from industrial process data.
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.
Data Gumbo
Series B in 2020
Data Gumbo provides a blockchain-based smart contract platform that links real-time IoT sensor data with operational information to automate performance-based transactions. The platform operates as a blockchain-as-a-service solution, collecting and standardizing data for smart contract algorithms and enabling automatic execution on configurable schedules. It serves enterprises globally, including oil and gas supply chains, and aims to reduce payment delays, disputes, and complex reconciliations by integrating real-time data, APIs, and distributed ledger technology. Beyond transactional automation, the company offers sustainability measurement tools that tie operational data to ESG standards, helping reduce contract leakage, free up working capital, and improve cash flow and visibility. The result is streamlined operations, greater accountability, and provenance across complex industrial networks.
Seeq Corporation
Series B in 2020
Seeq Corporation specializes in analytics software for industrial process data. Its flagship product, Seeq, integrates data from multiple sources like OSIsoft PI and GE Proficy, enabling users to search, cleanse, model data, find patterns, monitor assets, collaborate in real-time, and interact with time series data. Serving industries such as food & beverage, oil & gas, and utilities, Seeq helps drive better business decisions through insights derived from industrial process data.
Specialty RTP
Venture Round in 2020
Specialty RTP is a design and manufacturing company that produces polymer pipe and reinforced thermoplastic pipe products for oil and gas applications, including turnkey rehab, spoolable pipe, velocity strings, and lift, with onshore and offshore surface line services; its thermoplastic solutions are designed to replace traditional steel pipelines, offering corrosion resistance, durability, lightweight construction, spoolability, and high pressure tolerance to reduce maintenance costs and downtime for operators.
Seeq Corporation
Series B in 2019
Seeq Corporation specializes in analytics software for industrial process data. Its flagship product, Seeq, integrates data from multiple sources like OSIsoft PI and GE Proficy, enabling users to search, cleanse, model data, find patterns, monitor assets, collaborate in real-time, and interact with time series data. Serving industries such as food & beverage, oil & gas, and utilities, Seeq helps drive better business decisions through insights derived from industrial process data.
Data Gumbo
Series A in 2019
Data Gumbo provides a blockchain-based smart contract platform that links real-time IoT sensor data with operational information to automate performance-based transactions. The platform operates as a blockchain-as-a-service solution, collecting and standardizing data for smart contract algorithms and enabling automatic execution on configurable schedules. It serves enterprises globally, including oil and gas supply chains, and aims to reduce payment delays, disputes, and complex reconciliations by integrating real-time data, APIs, and distributed ledger technology. Beyond transactional automation, the company offers sustainability measurement tools that tie operational data to ESG standards, helping reduce contract leakage, free up working capital, and improve cash flow and visibility. The result is streamlined operations, greater accountability, and provenance across complex industrial networks.
Clarke Valve
Series B in 2018
Founded in 2011, Clarke Valve specializes in developing energy-saving shutter valves designed for diverse industrial and aerospace applications. Its valves offer a unique combination of features such as zero pressure drop, precise flow control, low noise, thin footprint, and long-term reliability, enabling efficient use in challenging applications across power plants, oil and gas facilities, and chemical plants.
Well-SENSE Technology
Corporate Round in 2018
Well-SENSE Technology Ltd., established in 2015, specializes in developing disposable fiber optic systems for the oil and gas industry. Its innovative technology enables real-time distributed temperature, pressure, and acoustic measurements across wellbores, facilitating applications such as cement assurance, gas lift optimization, sand detection, and flow monitoring.
Clarke Valve
Series B in 2018
Founded in 2011, Clarke Valve specializes in developing energy-saving shutter valves designed for diverse industrial and aerospace applications. Its valves offer a unique combination of features such as zero pressure drop, precise flow control, low noise, thin footprint, and long-term reliability, enabling efficient use in challenging applications across power plants, oil and gas facilities, and chemical plants.
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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