RigUp Scores $3M For Oil Rig Management

Austin-based RigUp, a startup developing software to manage oil rig logistics, has raised $3M in a seed funding. The funding came from Founders Fund, Great Oaks Venture Capital, and Boxgroup. RigUp's founders include Xuan Yong (D.E.Shaw, Goldman Sachs), Sandeep Jain (Google, Reschedge), and Mike Witte. More information »