Featured in Oilfield Technology: Ambyint announces closure of its latest capital round

Ambyint has announced the closure of its latest capital round and relocation of its head office to Calgary, Alberta.

The round was led by existing investors Mercury and Montrose Lane, plus new investors BDC Capital and Accelerate Fund III. This capital will be focused on accelerating customer growth, increasing energy and tech talent at the company, and optimising product enhancements, including expansion of the company’s proven emissions mitigation capabilities.

… Joseph Regan, Managing Partner from BDC Capital’s Innovation Venture Fund, shared his thoughts on the investment, “Utilising advanced AI, Ambyint is addressing a significant opportunity in upstream oil and gas by increasing production while reducing GHG emissions. They are leading the charge between their impressive technological progress and respected, industry-leading customers. We believe Ambyint’s AI software will be the standard operating procedure in this sector.”

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