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Artificial Intelligence Energy Energy Management Machine Learning North America Oil and Gas Software

CruxOCM Raises $9M Total in Venture Financing; Latest Led by Bullpen Capital

– CruxOCM is the pioneer of robotic industrial process automation (RIPA™) for control room operations.
– The company has raised $6M in venture financing to fuel growth.
– The recent round was led by Bullpen Capital, with participation from Angular Ventures, Root Ventures, Golden Ventures, Cendana Capital and Industry Ventures.
– The capital will be used to grow the company’s product lines, increase the efficiency of its installation process, and continue expanding its team across North America.

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Biotechnology Energy North America Oil and Gas

Calysta Raises $39M in Series D-1 Funding

– Calysta is a San Mateo CA-based biotechnology company focused on alternative protein producer.
– The company raised $39M in Series D-1 funding.
– The round was led by bp ventures with participation from were Adisseo, AquaSpark and WTI, as well as other existing investors.
– The new investment will be used to support global scale-up of production of its FeedKind protein.

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Artificial Intelligence Construction North America Oil and Gas Predictive Analytics Public Safety Risk Management

Urbint, which uses AI to predict threats to infrastructure, nabs $60M

– Urbint, a company developing software that can predict threats to critical infrastructure, announced that it raised $60 million in a series C funding round led by Energize Ventures with participation from American Electric Power, and OGCI Climate Investments, as well as existing investors Energy Impact Partners, National Grid Partners, Blue Bear Capital, and Salesforce Ventures.
– Founder and CEO Corey Capasso said that the proceeds will enable Urbint to scale its technology, introduce new solutions, and enter new verticals of infrastructure as well as expand its workforce.

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Aerospace Data Visualization Energy North America Oil and Gas Space Travel

Kairos Aerospace Secures $26 Million in Series C-1 Funding

– Kairos Aerospace closed its $26m Series C-1 funding round, led by DCVC.
– Using cutting-edge methane detection algorithms and proprietary sensor hardware, Kairos’ industry leading capabilities to conduct basin-wide aerial surveys identify material methane leaks of all sizes, which it pinpoints on the map with its patented fusion of infrared data, GPS and aerial photography.
– Kairos then provides discreet and actionable insights to its clients in the oil and gas industry so they can quickly fix the leaks.

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Energy Energy Storage Manufacturing North America Oil and Gas Renewable Energy Solar

Ambri Raises $144M in Financing

– Ambri from Marlborough, Massachusetts develops a new, long-duration battery technology that will enable widespread use of renewable energy sources, reduce electricity costs, and enable power systems to operate efficiently.
– The company raised $144m in Series C round.
– The round was led by strategic investors Reliance New Energy Solar Ltd, a wholly owned subsidiary of Reliance Industries Limited, Paulson & Co. Inc., and includes Ambri’s largest shareholder, Bill Gates, new investors, Fortistar, Goehring & Rozencwajg Associates, Japan Energy Fund and others.
– The company intends to use the funds to commercialize and grow its daily cycling, long-duration system technology, and to build a domestic manufacturing facility.

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Biomass Energy Environmental Consulting Industrial Oil and Gas Pollution Control Western Europe

Carbon Clean Raises $8M in Series B Extension

– Carbon Clean, a London, UK-based developer of carbon dioxide capture and separation technology, raised $8m in Series B funding.
– Backers included new investor CEMEX and existing investors Equinor Ventures, ICOS Capital, and WAVE Equity Partners.
– The capital raise extends Carbon Clean’s $22m Series B round announced in July 2020, bringing the total amount raised to $30m.
– Led by Aniruddha Sharma, CEO, Carbon Clean is a global leader in CO2 capture technology which reduces the costs and environmental impacts of CO2 separation.

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Blockchain Industrial Automation Information Technology North America Oil and Gas Software

Data Gumbo Completes $7.7M Series B Round

– Data Gumbo, provider of GumboNet™ – the massively interconnected industrial smart contract network secured and powered by blockchain, today announced that it has closed its Series B funding round totaling $7.7 million.
– The investments were led by Equinor Ventures, the corporate venture capital arm of Equinor, with participation from Saudi Aramco Energy Ventures, the corporate venture capital fund of Saudi Aramco, and Bay Area and Houston-based venture firm L37.
– Data Gumbo is a technology company that provides GumboNet™ – a massively interconnected industrial smart contract network secured and powered by blockchain.

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Energy Information Technology North America Oil and Gas

Cold Bore Technology Closes $14M Financing

– Cold Bore technology closed $14m in growth financing.
– The round was led by bp ventures with participation from the Canadian Business Growth Fund.
– Existing investors include the Rice Investment Group, a $200m multi-strategy, energy sector investment fund.
– Cold Bore is leading a major shift in the completions (fracing) industry towards safer, more autonomous operations by providing oil & gas companies (operators) with a centralized digital platform called SmartPAD.
– SmartPAD is an end-to-end, fully integrated software and hardware platform designed to collect, analyze, and report data which would otherwise be underutilized.
– Better utilization of this data unlocks operators’ ability to make step-change improvements across all key performance indicators.

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Aerospace Environmental Consulting North America Oil and Gas

GHGSat Closes US$45M Series B Funding

– GHGSat, a provider of solutions for high resolution greenhouse gas monitoring from space, completed the second tranche of a funding round initiated in 2020, thereby closing its total Series B funding at US$45m.
– The round was supported by the Government of Québec through Investissement Québec, OGCI Climate Investments and Space Capital.
– The company intends to use the funds to expand its GHG emission detection array to 10 satellites and 3 aircraft sensors by 2023, as well as to expand its international commercial presence, particularly in Europe and the US.

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Food and Beverage North America Oil and Gas Recycling

P&P Optica Secures Series B Funding Round

– P&P Optica closed its Series B funding round.
– The round was led by Ag Capital Canada, with new investor Synovus Family Office as well as existing investors Fulcrum Global Capital, Export Development Canada and others.
– The financing will be used to accelerate implementation of PPO’s detection system in food processing plants across Canada and the US.
– The funding will be also used to expand development of the company’s advanced software and insights for the food processing industry.
– This includes artificial intelligence (AI) tools that enable processors to collect, view, and analyze detailed information about food composition and quality in real-time.

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Agriculture Chemical Health Care Manufacturing North America Oil and Gas Product Design

FREDsense Technologies Raises $2.5M from BDC Capital to Accelerate Their Biologically Based Water Quality Sensors

– FREDsense Technologies Corp. is excited to announce the closing of a $2.5 million from BDC Capital’s Cleantech Practice.
– FREDsense has developed a biologically based breakthrough technology for rapidly measuring hard to detect chemicals in our environment.
– The company builds portable field kits for rapid measurement of these parameters to deliver chemical information in a fraction of the time required.
– With portable, simple, and scalable types of sensor solutions, FREDsense is changing the way we understand water chemistry.
– FREDsense will utilize the funding to grow their current and future sensor expansion plans, developing new solutions for various water quality parameters in conjunction with global partners.

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Artificial Intelligence Internet of Things North America Oil and Gas

Award-Winning Technology Firm mIQrotech Oversubscribes Series A Funding Round

– mIQrotech announced the close of an oversubscribed Series A financing round that exceeded its fundraising target of $6m by nearly double.
– This investment will enable mIQrotech to scale up product development to meet its rapidly increasing market demand.
– The company is quickly disrupting the oil and gas industry by innovating pipeline optimization and preventing pipeline leaks.
– With additional support as a Chevron Technology Ventures Catalyst Program Participant, mIQrotech is quickly approaching unicorn status.

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Construction Energy Industrial Information Technology Internet of Things Manufacturing Mining North America Oil and Gas Software

Triax Technologies Raises $12.5 Million Series A Funding Round to Expand Team, Scale Globally

– Triax technologies raised a Series A funding round of $12.5m.
– The round was led by McRock Capital, an institutional investor focused on industrial IoT.
– Triax will use the funding to grow the team and scale its solutions globally.
– Triax will immediately begin to expand its talented team with openings in several areas across the company.
– It is seeking team members with domain-specific technical skills, who would work well in a community-minded, fair and transparent culture.

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Energy North America Oil and Gas

Crusoe Closes $128M Series B

– Crusoe Energy Systems from San Francisco has closed a $128m Series B equity financing led by Valor Equity Partners.
Lowercarbon Capital, DRW Venture Capital, Founders Fund, Bain Capital Ventures, Coinbase Ventures, Polychain Capital, KCK Group, Upper90, Winklevoss Capital, Exor, Zigg Capital and JB Straubel participated.
– The company provides solutions for the energy industry.

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Energy North America Nuclear Oil and Gas Project Management

Fluor Announces $40 Million Investment in NuScale Power by JGC Holdings Corporation

JGC Holdings Corporation of Japan invested $40m into NuScale Power LLC, a leading small modular nuclear reactor (SMR) technology company in which Fluor is the majority investor.
– JGC will become a global strategic engineering, procurement and construction (EPC) partner for new SMR projects.
– Fluor has been serving the nuclear industry for more than 70 years including the design and construction support for more than 25 nuclear plants, plus nearly 100 million hours of nuclear operations and maintenance work.
– Fluor and NuScale are currently working for Utah Associated Municipal Power Systems (UAMPS) to bring the world’s first carbon-free SMR project to commercialization.
– Fluor and NuScale continue to engage with potential customers, capital investors, manufacturers and other supply chain partners for NuScale SMR deployment efforts.

Industrial North America Oil and Gas Renewable Energy

C-Zero Raises $11.5M in Series A Funding

– C-Zero is a natural gas decarbonization company based in Santa Barbara.
– The company raised $11.5m in Series A funding.
– The round was co-led by Breakthrough Energy Ventures and Eni Next, with participation from Mitsubishi Heavy Industries (MHI) and AP Ventures.
– The new investment will be used to accelerate the first commercial-scale deployment of its drop-in decarbonization technology and hire in the Santa Barbara region.

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