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GloriOil Gets Funding From Kleiner Perkins

Houston, Texas-based GloriOil, a company that is developing biotechnology to increase production from mature oil wells, has quietly received funding from Kleiner Perkins Caufield and Byers. No details of the funding were released. GloriOil is commercializing technology from The Energy and Resources Institute, based in New Delhi, India, and was founded by GCI Group in 2005. More information »