Tuesday, September 22, 2009

Ingrain Gains Private Equity Funds

Houston-based Ingrain, a developer of rock physics analysis technology, used in the oil and gas industry, has received a round of funding from private equity firm TPH Partners, L.P., TPH said Monday afternoon. Amount of the funding was not disclosed, however, VentureWire reports it was worth $15M. Ingrain develops technology used to analyze reservoir rock samples from cores or drill cuttings.