Oil and gas tech startup Validere raises $7 mln in seed round
Validere Technologies, a Calgary-based oil and gas internet-of-things and artificial intelligence platform, has raised $7 million in a seed-stage financing. The round was led by Sallyport Investments, a U.S. energy investment firm. It was joined by Y Combinator, Real Ventures, Moment Ventures and ZhenFund. Founded in 2015 by Nouman Ahmad, Joanna Aizenberg and Ian Burgess, Validere's technology helps midstream and upstream companies in the oil and gas sector to optimize blending, logistics and trading decisions. Validere will use the seed round's proceeds to fuel its U.S. expansion and further enhance its platform.
31 October 2018•3 mins read
