Tachyus Raises US$15M in Series B Financing
Summary
Tachyus, a Houston, TX-based provider of data-driven production optimization software to the oil and gas industry, closed a $15m Series B funding round. The round was led by Cottonwood Venture Partners. The company intends to use the funds to reach customers and accelerate the delivery of new technology that improves our clients’ business performance. Founded in 2014 by CEO and co-founder Paul Orland, Tachyus is an innovative, data-driven technology company serving oil and gas operators. The SaaS platform allows reservoir and production engineers to use historical production data to build predictive models of flow in a producing field.
Funding
Amount
$15.0M
Total raised
Date
May 20, 2019
Announcement date
Investors
-
Lead investors
Company
http://www.tachyus.com
Funded company
Classifications
industries
Pharmaceuticals and Chemical
applications
AI & Machine learning
AskAI Classifications
Labels
Energy Software
Artificial Intelligence Software
SaaS
Linked Companies
Tachyus
$1M to $5M