NEOS GeoSolutions Finds $60M

Houston-based NEOS GeoSolutions, a provider of software and services to oil and gas exploration companies which helps them determine where to explore, lease, and drill, has raised a big $60M funding round, from Bill Gates and a slate of other investors. According to the firm, the funding round came from Energy Capital Group, Bill Gates, Goldman Sachs, Kleiner Perkins Caufield & Byers, and Passport Capital. The firm said the new funding will go towards funding its technology development program, expanding data acquisition and data processing capacity, and other growth efforts. NEOS said it has invested more than $100M since 2006 to develop its offerings. More information »