Monday, March 5, 2012

Drilling Info Gets $165M

Austin-based Drilling Info, a provider of oil and gas exploration and analysis information, said Monday that it has raised $165M in an investment round. The round was led by Insight Venture Partners, and also included Battery Ventures and Eastern Advisors Private Fund. Drilling Info provides a software-as-a-service, data and analytics service to help the oil and gas industry gain information about shale reserves.