Who We Are
Ambyint, a market leader in AI-powered optimization for the oil and gas industry, delivers step-change improvements to E&P production outcomes and margins by combining advanced physics and subject matter expertise with artificial intelligence to automate operations and production optimization workflows across all well types and artificial lift systems.
Actually we've been delivering best-in-class artificial lift optimization solutions to E&P customers since 2004. The company was founded in Calgary, Alberta as Pumpwell Solutions with the mission to improve artificial lift performance and production by leveraging proprietary mathematics. Ambyint began selling its market-leading controllers and VFD packages to customers in Canada in 2006, and by 2012 was actively acquiring data, monitoring, and optimizing thousands of horizontal and vertical wells across Western Canada.
Our Milestones
2004
Pumpwell Solutions is founded to deliver leading-edge optimization/ control solution to oil wells; develops patented optimization methods.
2011
Company manages ~1,000 wells with best-in-class automation package (Linux controller+hi-res data+software).
2015
Company leverages next-gen IIoT rod lift optimization platform, relaunches as Ambyint.
2017
Ambyint closes Series A funding of $11.5 million dollars, investors including Equinor & GE ventures.
2018
Development work began on new IoT platform
2019
Ambyint launches Next-gen IIoT real-time controller.
2020
Ambyint closes $15M, Series B funding round; New production optimization products support entire well lifecycle.
Where We Are Now
Over the years, the company has collected large volumes of high-resolution data from the field, an order of magnitude higher than any other automation system available on the market. In 2012, the team began working on a new technology approach to deliver enhanced artificial lift monitoring and control capabilities for customers at a much lower cost by leveraging new technologies emerging from Silicon Valley and elsewhere. In 2015, the company rebranded as Ambyint, with its massive high-resolution data set. Since then, the company has continued to augment its data science and machine learning algorithms with the industry’s largest repository of labeled, high-resolution training data totaling more than 250 million operating hours.
Ambyint now has offices and staff in Houston and Calgary with solutions deployed to customers across North America and the rest of the world. The company is led by a team of experienced oilfield entrepreneurs, production engineers, operations practitioners, and leading-edge technologists.