Friday, April 10, 2015

Seismos Scores $4M For Oil, Gas Monitoring

Austin-based Seismos, a developer of remote oil and gas flow monitoring technology, has raised $4M in a funding round, the company said this week. The funding was led by Javelin Venture Partners, and also included Osage University Partners, Kemal Farid (Merrick Systems); Donald Kendall (Blue Earth Capital); and Geoff Hicks (Hicks Oilfield LLC). Seismos said that Javelin's Noah Doyle joins the company's board with the funding. Seismos develops real time, flow monitoring instruments used by the CO2 enhanced oil recovery (EOR) market.