Wednesday, May 16, 2018

OspreyData Finds $5M For Oil And Gas Analytics Software

OspreyData, a developer of data anlytics software used for the oil and gas business which has offices in Houston, said yesterday that it has raised $5M in a series A funding round. The funding was led by Houston Ventures. Osprey Data uses machine learning and artificial intelligence technology to help optimize oil and gas production, monitor oil well status, and more. The company's CEO is John Burke. OspreyData said its software uses predictive models identify the problem states that lead to downtime and sub-optimal production, allowing operators to take early action to prevent failure and increase production and revenues. More information »