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If you're ready to take your business to the next level with Aramco Ventures, we want to hear your pitch.

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Aramco Ventures, formerly known as Saudi Aramco Energy Ventures, is the corporate venture capital arm of Saudi Aramco that focuses on investing in global sustainable startups.

Beyond Limits

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Zid زد

eRetail enablement company that enables any retailer or merchant to move from traditional retail to modern retail.

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Endeavour Catalyst. Previous investors: Global Ventures, Elm Company, Arzan,&nbsp;and MSA also participated. Founded in 2017, Zid started with enabling retailers to sell and grow their own online channels.

The E-commerce space across MENA, Africa, Pakistan &amp; Turkey has crossed the $600M mark in VC funding coming on par with the funding aggregated over the last year. One exciting VC trend has been investors&rsquo; appetite for B2B solutions with the likes of MaxAB and Capiterin Egypt, Bazaar in Pakistan, and Chari in Morocco raising major rounds this year. Saudi-based E-commerce startups have raised a number of sizable rounds this year,&nbsp;as seen in our KSA Q3 20222 Venture Investment Report, it was platforms that have been rolling out&nbsp;financing and payment solutions that have been gained traction, with wholesale marketplace Sary, and Zid&rsquo;s new&nbsp;$50M Series B highlighting the potential of the space.

The startup is expanding into a new mission, &ldquo;modernize the retail sector&rdquo;. The company&rsquo;s goal is to upgame the retail sector by offering and enabling business owners and retailers with tools and products that will improve their operations efficiency and &nbsp;grow their bottomline. Commenting on Zid&rsquo;s growth, Co-founder and CEO of Zid, Sultan AlAsmi, said: &ldquo;We appreciate the continuous belief and trust that our investors have put into the company, the leadership, and the team. We are focused on being the regional optimum solution for each economy we operate in, having proved it in Saudi Arabia.&quot;

The company rolled out products and solutions to enable Zid retailers in shipping (ZidShip) and payment (ZidPay), achieving significant growth and adoption in their products. Zid&#39;s intention is to expand the offering in these products to cover: financing retailers &amp; cross-border shipping. &ldquo;Zid and its team showed the ability in the past years to turn challenges to solutions that can enable retailers and partners to grow. We will be continuing on the same direction with the aim to modernize the retail sector in the region,&rdquo; added Mazen AlDarrab, Zid&rsquo;s Co-founder and Chief Growth Officer.

The proceeds will be used by Zid to expand into new markets in Saudi Arabia and in the region, conquer new retail verticals, plus digitizing and automating more innovative solutions to modernizing the retail sector. Abdulaziz AlOmran, Managing Partner at IMPACT46, concluded,: &ldquo;Zid is building a community by enabling merchants to master online presence with a full-fledged e-commerce infrastructure equipped with sophisticated features. The deep connection with merchants is what makes a difference in strengthening this community. Excited to lead the round and welcome Zid to IMPACT46&rsquo;s family, we see amazing founders that balance each other while pushing the team forward to new frontiers.&quot;

KSA’s Zid raises $50M Series B

Saudi-based Retail enablement company, Zid has successfully raised $50 million (~188 million SAR) in a Series B funding led by IMPACT46 with participation from new investors: Aramco venture capital arm (Waed Ventures) and Endeavour Catalyst. Previous investors: Global Ventures, Elm Company, Arzan and MSA also participated. 

This is the third round of investment Zid has received since the business was founded in 2017, and follows a Series A investment round of $7 million in March 2021. 

The proceeds will be used by Zid to expand into new markets in Saudi Arabia and in the region, conquer new retail verticals, plus digitise and automate more innovative solutions to modernise the retail sector.

Zid has continued its growth in both acquiring new merchants and in transactions. Milestones include doubling its revenues from subscriptions and transactions and a 50% increase in orders made via Zid’s merchants by over 7 million lifetime consumers. Zid’s merchant network now reaches over 7,500 stores across 19 different categories, from small to large merchants in the retail sector.

Zid started by enabling retailers to sell and grow their own online channels. Now, Zid is expanding into a new mission - “modernize the retail sector”. The company’s goal is to up game the retail sector by offering and enabling business owners and retailers with tools and products that will improve the efficiency of their operations and grow their bottom line. 

The company rolled out products and solutions to enable Zid retailers in shipping (ZidShip) and payment (ZidPay), achieving significant growth and adoption of their products. Zid's intention is to expand the offering of these products to cover: financing retailers and cross-border shipping. 

Commenting on Zid’s growth, Co-founder and CEO of Zid, Sultan AlAsmi, said: “We appreciate the continuous belief and trust that our investors have put into the company, the leadership, and the team. We are focused on being the regional optimum solution for each economy we operate in, having proved it in Saudi Arabia.”

Mazen AlDarrab, Zid’s Co-founder and Chief Growth Officer, added: “Zid and its team showed the ability in the past years to turn challenges into solutions that can enable retailers and partners to grow. We will be continuing in the same direction with the aim to modernize the retail sector in the region”

Abdulaziz AlOmran, the Managing Partner at IMPACT46, commented on the investment: “Zid is building a community by enabling merchants to master online presence with a full-fledged e-commerce infrastructure equipped with sophisticated features. The deep connection with merchants is what makes a difference in strengthening this community. Excited to lead the round and welcome Zid to IMPACT46’s family, we see amazing founders that balance each other while pushing the team forward to new frontiers."

Zid raises $50 million Series B round led by IMPACT46

Saudi Aramco has signed an agreement valued at $250 million with Beyond Limits, a California-based artificial intelligence technology company, to build a global AI corridor, the oil behemoth announced at an industry event in Riyadh last week. 
 
The global AI corridor would create an ecosystem in the Kingdom by commercializing complex AI solutions, training Saudi talent and supporting Saudi startups. 
 
Amjad Abdullat, CEO of Beyond Limits, told Arab News during the event that the agreement will help build the project with relationships between the Kingdom and the US. 
 
&ldquo;In California, we have the greatest number of Nobel Prize laureates, a lot of intellectual property in AI and the largest number of venture capitalists investing in the AI ecosystem. So, we want to bring all that to the Kingdom to help build a strong network of AI entrepreneurs and unicorns,&rdquo; Abdullat told Arab News. 
 
Abdullat explained that the project would have an academy that will focus on training Saudi youth, a residency that will help AI startups in the Kingdom to work with seasoned professionals and an R&amp;D Program that will support the creation of IPs. 
 
&ldquo;There is also an investment component that will attract foreign venture capital investments to the Kingdom, in addition to the domestic investment,&rdquo; he added. 
 
Established in 2014, Beyond Limits specializes in industrial AI technology software and was recognized as Global Company of the Year by Frost &amp; Sullivan and one of America&rsquo;s Best Startup Employers by Forbes in 2021. 
 
In March, the company acquired Altec Products, Inc., a leading integrated document management and workflow solutions provider.Amjad Abdullat, CEO of Beyond Limits, told Arab News during the event that the agreement will help build the project with relationships between the Kingdom and the US.

Saudi Aramco inks $250m deal with US-based Beyond Limits to build global AI corridor

Saudi Aramco Energy Ventures LLC (&ldquo;SAEV&rdquo;), the corporate venturing subsidiary of Saudi Aramco, today announced the closing of its direct investment into Sekal AS, a company that offers real time decision support and automation software, together with related consultancy and support services to the oil and gas industry.

The company is commercializing two software solutions, DrillScene and DrillTronics, used in drilling operations where rigs have real time data streaming capabilities.&nbsp;&nbsp;DrillScene is a self‐calibrating system that provides real‐time early warnings of impending problems in drilling operations. The driller can respond quicker to take corrective actions, reducing down‐time and improving performance. DrillTronics provides added automation and safeguard features to existing drilling control systems and actively controls key elements of the operation, such as draw‐work, top‐drive and mud pumps.&nbsp;&nbsp;&nbsp;

CEO of SAEV, Ibrahim Buainain said: &ldquo;We are delighted to announce SAEV&rsquo;s latest investment. We believe Sekal&rsquo;s technology is truly superior to competing alternatives in the market, and will have a significant impact in increasing efficiency, reducing downtime and reducing costs in Saudi Aramco&rsquo;s drilling operations.&rdquo;

About Saudi Aramco Energy Ventures &ndash; Saudi Aramco Energy Ventures LLC (SAEV) is the corporate venturing subsidiary of Saudi Arabian Oil Company (Saudi Aramco), the world&rsquo;s leading integrated energy company. Headquartered in Dhahran with operations in North America and Europe, SAEV&rsquo;s mission is to invest globally in start-ups and high growth companies with technologies of strategic importance to its parent, Saudi Aramco. 
For more information about SAEV, please visit www.aramcoventures.com

About Sekal &ndash; Sekal supplies solutions that employ real time data from a rig to perform advanced monitoring and automated drilling by utilizing advanced models. The solutions provide value by early detection of down-hole condition deteriorations either as a monitoring service or as a fully integrated solution with the drilling control system. The result is a safer and more efficient drilling process. The company was incorporated in 2011 with headquarter in Sandnes, Norway, and offices in Aberdeen and Houston. The main owners are IRIS, Statoil Technology Invest, S&aring;korninVest and now Saudi Aramco Energy Ventures.

Saudi Aramco Energy Ventures LLC Announces Investment into Sekal AS

Saudi Aramco Energy Ventures LLC&nbsp;(SAEV) closed on an equity investment in Zi-Lift AS, developer of through-tubing-deployed artificial lift systems using permanent magnet motors and transmissions. &ldquo;Reliable and easily deployable artificial-lift systems are a priority area of technology development for Saudi Aramco,&rdquo; said Ibrahim Buainain, SAEV CEO. &ldquo;Zilift&rsquo;s technologies offer potential for time and cost savings in artificial lift deployment and for enhancing the output from large numbers of producing wells.&rdquo;

Saudi Aramco Energy Ventures LLC closes on equity investment in Zi-Lift AS

We are a privately owned business established in 1992. In 2013, we received investment from two institutional investors: Saudi Aramco Energy Ventures LLC (SAEV) and Calculus Capital, in order to expand the companies Directional Coiled Tubing Drilling Service capabilities for the upstream oil and gas industry.

<img alt="aramco" src="https://images8.webydo.com/93/9328194/3958%2f4E2A8AAC-42BD-D79C-3504-AEB57CEB4177.jpg" />

SAEV is the corporate venturing subsidiary of Saudi Aramco, the world&#39;s leading integrated energy and chemicals company. Their mission is: &quot;to invest globally into early-stage and high growth companies with technologies of strategic importance to Aramco, to accelerate their development and their deployment&nbsp;in the Kingdom of Saudi Arabia.&quot;

<img alt="Calculus" src="https://images8.webydo.com/93/9328194/3958%2fCB96A31F-8472-00ED-FBA6-F5700D7836DE.jpg" />

Calculus Capital&nbsp;is a London based Private Equity Investor that provides opportunities with substantial tax advantage from the most experienced, award-winning, Enterprise Investment Scheme (EIS) and Venture Capital Trust (VCT) Fund Manager.

If you have any questions about our company shareholding, please contact us&nbsp;<a href="https://www.antech.co.uk/contact-antech.html">here.</a>

Our Investors

Rive Technology, a provider of innovative materials-based solutions for catalytic and separations processes in the petroleum refining, chemicals, water and biofuels industries, today announced the closing of a $20 million round of financing from leading energy investors. Saudi Aramco Energy Ventures (SAEV) led the financing with participation from Mitsui Global Investment, along with Rive&rsquo;s existing investors, The Blackstone Group, Charles River Ventures, Advanced Technology Ventures, and Nth Power, bringing total investment to date to $67 million.

The funds will support continued commercial deployment of Rive&rsquo;s Molecular Highway&trade; zeolite technology into the global refining industry, specifically in the fluid catalytic cracking and hydrocracking processes. Rive has commercially proven its technology and value proposition and will use the funding to expand technical service, sales and R&amp;D staff, develop additional applications of Molecular Highway&trade; technology and expand its existing base of commercial licensees.

Rive&rsquo;s proprietary Molecular Highway&trade; technology makes zeolites used in refining catalysts more accessible to hydrocarbon molecules, resulting in increased yields of high quality transportation fuels and petrochemical feedstocks and providing refiners with the flexibility to increase throughput and process heavier feeds.

&ldquo;SAEV and Mitsui are not only important investors for Rive, but also great strategic business development partners,&rdquo; said David C. Aldous, Chief Executive Officer of Rive Technology. &ldquo;This round of funding helps us accelerate our global commercial expansion to better provide refining customers access to our innovative value enhancing technologies.&rdquo;

About Rive Technology

Rive is a developer of innovative materials-based solutions for catalytic and separations processes in the petroleum refining, chemicals, and biofuels industries. Through its&nbsp;Molecular Highway&trade; technology, an innovative materials science platform, Rive enables higher performing catalysts and adsorbents. Rive is commercializing its&nbsp;Molecular Highway&nbsp;technology for the petroleum refining industry, specifically fluid catalytic cracking (FCC), with W.R. Grace (NYSE: GRA) through jointly developed FCC catalysts. FCC catalysts powered by&nbsp;Molecular Highway&nbsp;technology allow refiners to profit by increasing production of high-quality fuels and by processing heavier crudes. For more information, please visit&nbsp;<a href="http://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.rivetechnology.com&amp;esheet=50682807&amp;newsitemid=20130801005455&amp;lan=en-US&amp;anchor=www.rivetechnology.com&amp;index=1&amp;md5=fcb804936a1925d4487385d85bf889dd" target="_blank">www.rivetechnology.com</a>.

About Saudi Aramco Energy Ventures

Saudi Aramco Energy Ventures LLC (SAEV) is the corporate venturing subsidiary of Saudi Arabian Oil Company (Saudi Aramco), the world&rsquo;s leading fully integrated energy and petrochemical enterprise. Headquartered in Dhahran with offices in North America and Europe, SAEV&rsquo;s mission is to invest globally in start-ups and high growth companies with technologies of strategic importance to its parent, Saudi Aramco. For more information, please visit&nbsp;<a href="http://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.aramcoventures.com%2F&amp;esheet=50682807&amp;newsitemid=20130801005455&amp;lan=en-US&amp;anchor=www.aramcoventures.com&amp;index=2&amp;md5=781a081967ba35a23ce7b05174b33210" target="_blank">www.aramcoventures.com</a>.

Rive Technology Raises $20 Million in Series D Financing

<a href="http://www.inflowcontrol.no/" target="_blank">InflowControl AS</a>, a Porsgrunn, Norway-based developer of inflow control technology to increase recovery and production from oil and gas reservoirs, received an equity investment from&nbsp;<a href="http://www.aramcoventures.com/" target="_blank">Saudi Aramco Energy Ventures</a>, the corporate venturing subsidiary of Saudi Aramco.

The amount of the deal was not disclosed.

The company intends to use the proceeds to bring its technology into the market.

Founded in May 2011 and led by CEO Vidar Mathiesen, InflowControl is developing AICV&reg; &ndash; Autonomous Inflow Control Valve, a patented technology that aims to replace the conventional Inflow Control Devices and ensure significant increase in oil production and recovery.

InflowControl Receives Equity Investment from Saudi Aramco Energy Ventures

Saudi Aramco Energy Ventures LLC (&quot;SAEV&quot;), the corporate venturing subsidiary of Saudi Aramco, has led an investment into Novomer Inc., an emerging sustainable chemistry company pioneering a family of high performance, environmentally responsible polymers and chemical intermediates. All existing Novomer investors also participated in the financing.

Novomer Inc. has developed two platform chemical technologies based on proprietary catalysts that facilitate the transformation of carbon dioxide (CO2) and carbon monoxide (CO), together with propylene oxide (PO) or ethylene oxide (EO), into economically competitive, high-performance industrial products: polyols and chemical intermediates, including acrylic acid.

SAEV&#39;s investment will fund ongoing development of the technology platforms as well as construction of a market development plant to manufacture CO2-based polyols and the enhancement of Novomer&#39;s sales and marketing organization.

Jim Mahoney, Novomer CEO, commented, &quot;We are extremely excited to have SAEV join the Novomer investment group. This investment will allow us to execute fully on our product development and organizational growth plans over the next several years. Additionally, Saudi Aramco&#39;s process expertise and position in global petrochemical markets will be a tremendous asset for Novomer as we commercialize our technology platforms.&quot;

About Saudi Aramco Energy Ventures

Saudi Aramco Energy Ventures LLC (SAEV) is the corporate venturing subsidiary of the Saudi Arabian Oil Company (Saudi Aramco), the world&#39;s leading fully integrated energy and petrochemical enterprise. Headquartered in Dhahran with offices in North America and Europe, SAEV&#39;s mission is to invest globally in start-ups and high growth companies with technologies of strategic importance to its parent, Saudi Aramco. For more information, visit&nbsp;<a href="http://www.aramcoventures.com/" target="_blank">www.aramcoventures.com</a>.

About Novomer Inc.

Novomer is a leading materials company commercializing a family of low-cost, high-performance, sustainable polymers and other chemicals. Novomer&#39;s groundbreaking catalyst technology allows carbon dioxide and other renewable feedstocks to be cost-effectively transformed into chemical products for a wide variety of industrial markets. For more information, visit&nbsp;<a href="http://www.novomer.com/" target="_blank">www.novomer.com</a>.

Saudi Aramco Energy Ventures LLC Announces an Equity Investment Into Novomer Inc.

Parsable, the&nbsp;<a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=2881757-1&amp;h=1630427840&amp;u=http%3A%2F%2Fwww.parsable.com%2F&amp;a=Connected+Worker" target="_blank">Connected Worker</a><a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=2881757-1&amp;h=2441273621&amp;u=http%3A%2F%2Fwww.parsable.com%2F&amp;a=%E2%84%A2" target="_blank">&trade;</a><a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=2881757-1&amp;h=598478742&amp;u=http%3A%2F%2Fwww.parsable.com%2F&amp;a=%C2%A0Platform" target="_blank">&nbsp;Platform</a>&nbsp;company, today announced it has raised&nbsp;$60 million&nbsp;in a Series D round. With this new funding, Parsable will be able to accelerate its growth including&nbsp;Asia, EMEA and&nbsp;Latin America; invest in its rapidly expanding network of global partners and integrations; and further deepen the enterprise depth and capabilities of its platform, with the ultimate goal of increasing safety, productivity and quality output for essential industrial frontline workers.

New investors Activate Capital and Glade Brook Capital Partners co-led the round. New investors Alumni Ventures Group, Cisco Investments, Downing Ventures, Evolv Ventures and Princeville Capital also participated. The round also includes broad support from existing financial investors Lightspeed Venture Partners, Future Fund and B37 Ventures, as well as continuing strategic investments from the investment groups at Honeywell and Saudi Aramco Energy Ventures. This latest round brings Parsable&#39;s total funding to date in excess of&nbsp;$133 million.

This level of investment is a testament to the market opportunity and a validation that Parsable&#39;s highly secure, enterprise-scale platform approach is what the market desires as opposed to using point solutions.

The Parsable Connected Worker Platform provides modern digital tools that help connect frontline workers to the experts, information, systems and machines necessary to drive safety, productivity and quality in industrial and manufacturing operations.

Parsable customers include iconic companies such as Corteva Agriscience, Grupo Bimbo,&nbsp;Georgia-Pacific, Henkel, Shell, Suntory and Yara, in addition to many other leading global producers in consumer packaged goods (CPG) manufacturing, paper and packaging, transportation, and energy. The company&#39;s Connected Worker Platform is globally deployed and has users in more than 130 countries, and is available in 14 languages.

&quot;Parsable is a key part of our overall digital initiative and our strategic plan to equip our employees with the right digital technologies to unlock new levels of transparency, consistency and collaboration. As industrial automation becomes more prevalent within our business, having that seamless connection between our human workers, machines and systems is critical, and this is where Parsable plays a leadership role,&quot; said&nbsp;Raul Obregon, chief information and transformation officer,&nbsp;Grupo Bimbo.

The mobile-first Parsable Connected Worker Platform guides frontline workers and their activities through digital, rich-media standard work procedures, enables real-time and remote collaboration, and triggers automated actions in business systems and machines. Companies can then collect and analyze powerful new data on frontline work, including adherence to safety and quality criteria. As a result, organizations can quickly and more accurately measure work execution, continuously improve work processes, and accelerate efficiencies and operational excellence across multiple teams and sites at scale.

Over the past year, Parsable has rapidly expanded its worldwide footprint and usage, including:

<ul>
	<li>11x year-over-year global growth in registered users</li>
	<li>180 percent year-over-year global growth in sites deployed</li>
	<li>190 percent year-over-year global growth in safety use cases deployed</li>
	<li>155 percent global growth in completed safety-related work procedures by CPG customers between&nbsp;March 2020&nbsp;and&nbsp;May 2020, during the early height of the COVID-19 pandemic</li>
</ul>

&quot;Activate was founded in 2017 to invest in innovative companies using digital solutions to transform the industrial economy for a more connected, intelligent and resilient future. After 18 months surveying the landscape of digital platforms for procedures and the &#39;connected worker,&#39; we identified Parsable as the clear market leader,&quot; said&nbsp;David Lincoln, managing partner,&nbsp;Activate Capital. &quot;As companies accelerate their IIoT adoption and digital transformation, we see Parsable as the leader in connected, intelligent operations. We are excited to join the team and be part of their growth.&quot; Lincoln will join Parsable&#39;s board of directors.

&quot;Glade Brook is pleased to co-lead Parsable&#39;s Series D financing. Parsable is the leader in SaaS empowering the connected worker in manufacturing and industrial environments,&quot; said&nbsp;Paul Hudson, founding partner and chief investment officer,&nbsp;Glade Brook Capital Partners. &quot;We believe Parsable is well positioned to grow into a category defining software business and deliver extraordinary ROI to its customers and partners.&quot; Hudson will join Parsable&#39;s board of directors.

Lorrissa Horton, vice president and general manager of WebEx Teams at&nbsp;Cisco, will join as an observer on the Parsable board of directors.

Ensuring the Long-term Resilience of Global Supply Chains

More than&nbsp;<a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=2881757-1&amp;h=1244975280&amp;u=https%3A%2F%2Fwww.weforum.org%2Fagenda%2F2020%2F05%2Frecovering-from-covid-19-these-are-the-risks-to-anticipate-now%2F&amp;a=48%25+of+respondents" target="_blank">48% of respondents</a>&nbsp;in a recent World Economic Forum (WEF) survey of the world&#39;s top risk experts said they were most worried about a disruption of global supply chains as a result of the health pandemic. Another WEF report states that the COVID-19 crisis has impacted&nbsp;<a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=2881757-1&amp;h=365666227&amp;u=http%3A%2F%2Fwww3.weforum.org%2Fdocs%2FWEF_GVC_the_impact_of_COVID_19_Report.pdf&amp;a=more+than+75%25" target="_blank">more than 75%</a>&nbsp;of the world&#39;s manufacturing outputs. Parsable is a member of the WEF and an active participant in its Shaping the Future of Advanced Manufacturing and Production Platform.

&quot;Despite these uncertain times, achieving this amount of funding proves that forward-thinking companies and the investment community are bullish about the criticality of human industrial workers in the world economy. Empowering frontline workers with modern, accessible yet powerful digital tools to increase safety, performance and quality is essential to the long-term resilience and flexibility of our supply chains,&quot; said&nbsp;Lawrence Whittle,&nbsp;Parsable&nbsp;CEO.

Whittle continued: &quot;Legacy systems and point solutions simply aren&#39;t built for the type of agility and scale that is now necessary to achieve operational excellence. The Parsable Connected Worker Platform ticks all the requirements for flexibility, comprehensiveness, ease of use, and rapid time to value, and we&#39;re excited for this next level of massive global growth.&quot;

&quot;We are at a tipping point in the digitalization of supply chain and manufacturing processes. These unprecedented times have accelerated the rise of a new, digital-first &#39;normal.&#39; By connecting its Connected Worker Platform to Microsoft Teams, Parsable has redefined the way global industrial companies and frontline teams work together and leverage data across the entire supply chain,&quot; said &Ccedil;ağlayan Arkan, vice president manufacturing,&nbsp;Microsoft.&nbsp;<a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=2881757-1&amp;h=387176573&amp;u=https%3A%2F%2Fappsource.microsoft.com%2Fen-us%2Fproduct%2Foffice%2FWA200001354%3Fsrc%3Dwebduppage%26tab%3DOverview&amp;a=Parsable%27s+Frontline+Work+Connector+for+Microsoft+Teams" target="_blank">Parsable&#39;s Frontline Work Connector for Microsoft Teams</a>&nbsp;enables the collaboration between Microsoft Teams users and industrial workers on the manufacturing floor or out in the field, empowering them to easily access and share the information they need to get their jobs done right.

Ushering in a New Wave of Enterprise Connectivity and Collaboration

&quot;We see enormous potential in advancing safety and worker productivity in industrial workplaces around the world,&quot; said&nbsp;Jonathan Meltzer, principal,&nbsp;Alumni Ventures Group. &quot;We believe Parsable is a leader in its field and are extremely pleased to support the company&#39;s growth plans.&quot;

&quot;Right now, more than ever, investable companies need to prove that they&#39;re relevant and will be for decades to come,&quot; said&nbsp;Warren Rogers, partner,&nbsp;Downing Ventures. &quot;The market opportunity for Parsable includes every person in a job that is not behind a desk &ndash; that&#39;s 2.7 billion people around the world. We&#39;re thrilled to support Parsable&#39;s mission to solve the immediate skills gap challenge resulting from a rapidly retiring industrial workforce, as well as fill the enduring need to improve the frontline worker experience through enhanced safety, productivity and connectivity.&quot;

&quot;A digital transformation is sweeping through the CPG industry, and like Parsable, Evolv Ventures and Kraft Heinz are looking to stay at the cutting edge of industrial technologies that will make us, as well as many other companies with industrial operations, more nimble, efficient and safe,&quot; said&nbsp;Bill Pescatello, managing partner,&nbsp;Evolv Ventures. &quot;Parsable is a true leader in connected worker platforms and by providing the digital tools industrial workers need to make critical data-based decisions, they are having a real impact on factory floors and warehouses around the world.&quot;

&quot;Princeville Capital is impressed with Parsable&#39;s leading role in accelerating digital transformation in large industrial customers as part of its position in the Industry 4.0 revolution.&nbsp;By enabling workers with streamlined tools, industrial customers can vastly improve energy efficiency, waste reduction and overall decarbonization. We look forward to joining this journey with Parsable,&quot; said&nbsp;Eric Kosmowski, managing partner,&nbsp;Princeville Climate Technology Fund.

For more information about Parsable, visit&nbsp;<a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=2881757-1&amp;h=2616951314&amp;u=http%3A%2F%2Fwww.parsable.com%2F&amp;a=www.parsable.com" target="_blank">www.parsable.com</a>.

About Parsable 
Parsable (<a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=2881757-1&amp;h=3076130286&amp;u=https%3A%2F%2Fwww.parsable.com%2F&amp;a=www.parsable.com" target="_blank">www.parsable.com</a>) helps the world&#39;s largest industrial firms get jobs done right &ndash; every time. Parsable&#39;s Connected Worker Platform enables employees to collaboratively execute their work using paperless, digital work instructions on mobile devices. In addition to measuring every step and action, workers can raise issues and provide feedback in real time so that every process is quickly analyzed and improved. With Parsable, companies gain unprecedented visibility into their operations, uncover detailed data about their work processes for continuous improvement, and attract new tech-savvy talent. A member of the World Economic Forum, Parsable is headquartered in&nbsp;San Francisco&nbsp;with offices throughout&nbsp;North America&nbsp;and&nbsp;Europe. Follow the company on&nbsp;<a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=2881757-1&amp;h=3722619125&amp;u=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fparsable&amp;a=LinkedIn" target="_blank">LinkedIn</a>, Twitter (<a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=2881757-1&amp;h=1385960380&amp;u=https%3A%2F%2Fwww.twitter.com%2FparsableHQ&amp;a=%40ParsableHQ" target="_blank">@ParsableHQ</a>) and the&nbsp;<a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=2881757-1&amp;h=2035130828&amp;u=https%3A%2F%2Fwww.parsable.com%2Fparsable-blog&amp;a=Parsable+blog" target="_blank">Parsable blog</a>.

Parsable Raises $60 Million, Taking Total Funding to $133 Million to Accelerate Connected Work at Enterprise Scale

Parsable, which makes easy-to-use software to help factory workers collaborate&nbsp;and work more efficiently in a digital age, said today it has finalized a&nbsp;$40 million&nbsp;Series C investment round, bringing&nbsp;its total capital raised to $68 million.

The investment round was led by Future Fund Lightspeed Venture Partners and other investors that have backed Parsable in earlier rounds, including Airbus Ventures, Saudi Aramco and&nbsp;B37 Ventures, a global fund backed by industrial corporations in 60 countries around the world.&nbsp;

Parsable&#39;s Connected Worker platform is a hot commodity in the rapidly transforming industrial&nbsp;world, where manufacturers are increasingly turning to high-tech automation in their facilities. Rather than replacing industrial workers with robots, however, Parsable gives them the digital tools to work more efficiently alongside the machines.

The transition to Industry 4.0 as it is sometimes called can be rocky: veteran workers tend to resist technology that is clunky and slows down their productivity, while younger workers are often turned off by the manufacturing sector because it&#39;s not seen as cutting edge. Parsable&#39;s co-founders, including&nbsp;<a href="https://www.forbes.com/profile/chase-feiger/" target="_self">Forbes 30 Under 30 alum Chase Feiger</a>, spent&nbsp;three years embedded in industrial environments in order to design&nbsp;a software platform that is intuitive for both groups.

Parsable&#39;s software replaces today&#39;s paper-and-pen operations in industrial environments where a desktop PC or laptop isn&#39;t practical. Instead of carrying around thick binders full of production records and written instructions,&nbsp;employees using Parsable&#39;s Connected Worker platform&nbsp;can tap, swipe&nbsp;or select tasks on a smartphone or tablet, measuring every step and action taken. With audio messages and images, they can also use it to raise issues and provide feedback to workers on other shifts so that every process is quickly analyzed and improved. Supervisors can monitor progress remotely and identify bottlenecks, too.&nbsp;

Parsable&rsquo;s industrial customers include Corteva&nbsp;Agriscience, the agriculture division of DowDuPont; container manufacturer Silgan, and big oil and gas companies including Schlumberger and Scientific Drilling.

&ldquo;B37 invested in Parsable because they provide a path for companies to harness the value of the Connected Worker in an environment where digitized work has become a requirement,&rdquo; said David Hite, managing partner at B37 Ventures. &ldquo;In essence, every employee using Parsable is a &lsquo;connected IOT sensor&rsquo;, ensuring that quality, compliance, and efficiency is built into the work itself.&rdquo;

Parsable was co-founded in 2013 by President Ryan Junee,&nbsp;Yanda Erlich, and Feiger. The chief executive is Lawrence Whittle.&nbsp;

Parsable Raises Another $40 Million For Technology That Connects Workers In Factories Of The Future

I&rsquo;m honored that Parsable has received an investment of $20 million from a consortium of the world&rsquo;s largest industrial firms, including Saudi Aramco, Airbus, and Schlumberger.

This comes as our mobile collaboration and workflow platform is rapidly gaining traction among category leaders in industries like commercial construction, oil and gas, and manufacturing. Multinationals including Bechtel, Saudi Aramco, and FMC Technologies now use Parsable to boost quality, safety, and productivity.

It also validates Parsable&rsquo;s founding vision. In these industries, a single mistake can cost millions of dollars, tarnish brands &mdash; even put lives at risk. Yet, while industrial firms have widely adopted digital collaboration technology in their back offices, their field and factory workers still do their jobs with the same error-prone tools they used in the 1950s: clipboards, sharpies, and walkie-talkies. Globally connected supply chains, higher quality standards, and tighter margins mean companies are eager to help their operations teams work smarter and be more productive.

Parsable helps the world&rsquo;s largest industrial firms get jobs done right &mdash; every time &mdash; by replacing legacy paper workflows with modern collaboration technology designed from the ground up for industrial work. Our platform is built around three key ideas:

<ul>
	<li>Clear, accurate job instructions on mobile devices 
	Parsable makes it easy to give industrial workers accurate, step-by-step job instructions they can view and check off on their phones &mdash; even in areas with poor or no internet access.</li>
	<li>Multimedia collaboration with colleagues and supply chain partners 
	Team members can collaborate with colleagues and supply chain partners through multimedia chat and hi-res photos and videos.</li>
	<li>Effortless data capture for continuous improvement 
	Parsable digitally captures the data that teams previously recorded by hand, making analytics for improving safety and performance available instantly.</li>
</ul>

&ldquo;Parsable is revolutionizing work,&rdquo; says Alejandro Fernandez, Vice President at Brenntag LA, where operational teams are using Parsable on logistics projects. &ldquo;It&rsquo;s a total change to how we are going to work, train people, and structure the process of learning. It will change the way companies operate.&rdquo;

Saudi Aramco, which led the new investment and is also a Parsable customer, reports similar results. &rdquo;Early deployments in several key business units have demonstrated a number of benefits, including improvements in safety and quality as well as better access to analytics and real-time reporting on the status of activities in the field,&rdquo; says MJ Maloof, Investment Director for Saudi Aramco Energy Ventures. &ldquo;Leading this round is a signal of our confidence in this new technology and its potential to transform the way field work is done in the oil and gas industry, and industrial sector generally.&rdquo;

This is echoed by Schlumberger, one of our earliest partners who also participated in this round of financing: &ldquo;Standard work instructions are helping Schlumberger achieve a high level of procedural adherence while also systematically improving our safety, efficiency, and reliability. Schlumberger is working with Parsable to develop and deploy a digital solution that allows us to author, execute, and monitor standard work instructions across our global operations,&rdquo; says their Quality Systems and Practices Manager.

Over the next decade, we&rsquo;re going to see a massive shift in how industrial work gets done, and our new backers further cement Parsable&rsquo;s role as a leader of that change. If you&rsquo;d like to learn more, contact us at contact@parsable.com, or visit&nbsp;<a href="http://parsable.com/" target="_blank">http://parsable.com</a>.

About Parsable

Parsable helps the world&rsquo;s largest industrial firms get jobs done right &mdash; every time &mdash; by replacing legacy paper workflows with modern collaboration technology designed for industrial work. Our clients include Bechtel, Schlumberger, Saudi Aramco, FMC Technologies and other category leaders in commercial construction, oil and gas, and manufacturing.

Founded by veterans of Google, Microsoft, Youtube, and SAP, Parsable is headquartered in San Francisco with offices in Austin and Vancouver. Investors in Parsable include at&nbsp;<a href="https://medium.com/lightspeed-venture-partners">Lightspeed Venture Partners</a>,&nbsp;<a href="https://medium.com/u/8bdeeface085?source=post_page-----c12a7691f0a2--------------------------------" target="_blank">GV</a>&nbsp;(fka Google Ventures),&nbsp;<a href="https://medium.com/u/df45fd4a749d?source=post_page-----c12a7691f0a2--------------------------------" target="_blank">Andreessen Horowitz</a>,&nbsp;<a href="https://medium.com/u/aef2a725508e?source=post_page-----c12a7691f0a2--------------------------------" target="_blank">First Round</a>, and&nbsp;<a href="https://medium.com/u/f306055a38a8?source=post_page-----c12a7691f0a2--------------------------------" target="_blank">Kleiner Perkins</a>, as well as Schlumberger Ventures,&nbsp;<a href="https://medium.com/u/c7ae4daa2824?source=post_page-----c12a7691f0a2--------------------------------" target="_blank">Airbus Ventures</a>, and Saudi Aramco Energy Ventures. To learn more, visit&nbsp;<a href="http://parsable.com./" target="_blank">http://parsable.com.</a>

Parsable Raises $20M from Global Industrial Firms to Eliminate Paper

<a href="http://www.siluria.com/" target="_blank">Siluria Technologies</a>, a pioneer in the commercial production of fuels and chemicals made from clean and abundant natural gas, announced today the initial close of its Series D financing round. The round was led by&nbsp;<a href="http://www.aramcoventures.com/" target="_blank">Saudi Aramco Energy Ventures (SAEV)</a>, the venture investment subsidiary of Saudi Aramco, the world&#39;s leading fully integrated energy and chemical enterprise, and included additional investments by all of the major existing investors in Siluria. The total raise for this initial close of the Series D financing was $30 million.

&quot;We are very pleased to welcome SAEV as a major investor in Siluria, and look forward to exploring opportunities to work together on the strategic front,&quot; said Siluria CEO Ed Dineen. &quot;We are excited to bring additional industry capabilities to our company and our board as we continue to progress towards commercializing our process,&quot; said Siluria Board of Directors Chairman Karl Kurz.

Siluria has developed a catalytic process for transforming natural gas -- the most abundant and widely available hydrocarbons on earth -- into transportation fuels and commodity chemicals in an efficient, cost-effective, scalable manner using processes that can be seamlessly integrated into existing industry infrastructure. Siluria has created a growing portfolio of process configurations with applications in upstream, midstream gas processing, downstream chemicals production and refining operations.

Recently, Siluria announced a partnership with The Linde Group, a world leading gases and engineering company, to offer an integrated package combining Siluria&#39;s technology with Linde&#39;s separations and recovery systems for licensing to the petrochemical industry at existing ethylene plants or for new world scale ethylene plants.

With this initial Series D financing, Siluria has raised just under $100 million since its inception. Siluria is currently in discussions with additional strategic and financial investors to complete a total Series D financing of approximately $50 million.

About Siluria: 
Siluria Technologies is pioneering the commercial production of fuels and chemicals made from clean, abundant natural gas. Siluria&#39;s break through Oxidative Coupling of Methane (&quot;OCM&quot;) process technology is believed to be the first commercially viable process to directly convert methane to ethylene. Siluria&#39;s second process technology can convert ethylene to liquid fuels such as gasoline, diesel or jet fuel. This enables natural gas to potentially supplement petroleum as the worldwide basis for transportation fuels and commodity chemicals. Siluria&#39;s revolutionary catalyst and process technologies uniquely combine nanomaterials, templating and chemical engineering, to convert natural gas into higher value products using efficient processes that can be seamlessly integrated into existing industry infrastructure. For more information about Siluria, visit&nbsp;<a href="http://www.siluria.com/" target="_blank">www.siluria.com</a>.

About Saudi Aramco Energy Ventures: 
Saudi Aramco Energy Ventures is the corporate venturing subsidiary of the Saudi Arabian Oil Company (Saudi Aramco), the world&#39;s leading fully integrated energy and petrochemical enterprise. Headquartered in Dhahran with offices in North America and Europe, SAEV&#39;s mission is to invest globally in start-ups and high growth companies with technologies of strategic importance to its parent, Saudi Aramco. For more information about SAEV, visit&nbsp;<a href="http://www.aramcoventures.com/" target="_blank">www.aramcoventures.com</a>.

Siluria Technologies Announces Initial $30 Million Series D Financing Close With Strategic Investment by Saudi Aramco Energy Ventures

<a href="http://www.conxtech.com/" target="_blank">ConXtech Inc.</a>, a Pleasanton, California-based construction technology company, raised $25m in Series D funding.

The round was led by&nbsp;<a href="http://www.aramcoventures.com/" target="_blank">Saudi Aramco Energy Ventures</a>&nbsp;and a venture fund associated with the George Kaiser Family Foundation.

The company intends to use the funds to expand the reach of ConX, build additional fulfillment capacity, and grow into new geographies and vertical markets.

Led by Robert J. Simmons, CEO/CTO,&nbsp;ConXtech is a construction technology company that offers a chassis based modular structural steel system (ConX&reg;) that enables efficient delivery of structures for industrial, high-density residential, commercial, healthcare, data center and other applications.

FinSMEs

22/04/2015

Press Release

ConXtech Poised for Rapid Growth with Close of $25 Million Strategic Investment Led by Saudi Aramco Energy Ventures 
Equity Round to Scale Global Deployment of ConX&reg; Chassis Based Modular&trade; Construction Technology

Pleasanton, CA April 22, 2015

San Francisco Bay Area based ConXtech, Inc., a leader in construction technology, announced it has closed on a capital raise of $25 million. The investment comes at an inflection point for the company as it prepares to meet increasing global demand for ConX&reg;, its Chassis Based Modular&trade; structural steel framing system. The capital will be used to build additional fulfillment capacity, and to expand into new geographies and vertical markets. 
The Series D investment was led by Saudi Aramco Energy Ventures (SAEV), the corporate venturing subsidiary of Saudi Arabia&rsquo;s National Oil Company &ndash; Saudi Aramco; and a venture fund associated with Tulsa Oklahoma based George Kaiser Family Foundation (GKFF). 
ConXtech&rsquo;s products and technologies enable production of steel structures in a high-tech factory environment resulting in unprecedented productivity, dimensional accuracy and quality. Distributed throughout ConX structures are the company&rsquo;s manufactured moment connections that are factory welded to beams and columns, transported to the building site, then simply and safely Lowered &amp; Locked&trade; together in the field &ndash; no field welding required. The modular system simplifies design, detailing, fabrication and field assembly, accelerating the delivery of a structural frame by 2X &ndash; 5X vs. any conventional method. 
&ldquo;Response to ConXtech&rsquo;s technologies at Saudi Aramco has been unprecedented,&rdquo; states Nabil Al-Khowaiter, SAEV CEO. &ldquo;Our engineering and investment teams immediately recognized the value and efficiencies that the ConX System brings to the design and construction process, in terms of time, installed cost, safety and ongoing operations. We view this technology as the future not only for the energy sector, but also for non-oil related infrastructure.&rdquo; 
Saudi Aramco is best known as one of the world&rsquo;s largest petroleum companies. In addition to developing oil and gas facilities, Saudi Aramco is rapidly expanding its business to become a global leader in petrochemicals. The company has also managed construction of large infrastructure projects such as stadia, healthcare and university facilities &ndash; all market segments in which ConXtech delivers significant value. 
&ldquo;We are honored that Saudi Aramco recognizes the need for a safer more systemic approach to construction,&rdquo; states Robert J. Simmons, CEO/CTO of ConXtech. &ldquo;Over the past ten years we&rsquo;ve proven the value of ConX domestically by delivering nearly 10 million square feet of structure into a variety of vertical markets. This strategic capital provides the resources to help scale our fulfillment to meet growing global demand.&rdquo;

About ConXtech&reg;: 
ConXtech is a privately-held construction technology company based in the San Francisco Bay Area. With the mission to &ldquo;Improve Lives by Changing the Way the World Builds&rdquo; the company offers ConX&reg;, a Chassis Based Modular&trade; structural steel system based on standardized moment connections and building assemblies. The system enables efficient delivery of robust and brace free structures for industrial, high-density residential, commercial, healthcare, data center and other applications. ConX is the first Cradle to Cradle Certified (CM) structural steel solution in the world. It reduces project schedule and installed cost compared to conventional structural options. The system enables all project stakeholders to predictably build Faster, Better, Safer and Greener&trade;. For more information about ConXtech, visit http://www.ConXtech.com. 
About Saudi Aramco Energy Ventures: 
Saudi Aramco Energy Ventures is the corporate venturing subsidiary of the Saudi Arabian Oil Company (Saudi Aramco), the world&rsquo;s leading fully integrated energy and petrochemical enterprise. Headquartered in Dhahran with offices in North America and Europe, SAEV&rsquo;s mission is to invest globally in start-ups and high growth companies with technologies of strategic importance to its parent, Saudi Aramco. For more information about SAEV, visit http://www.aramcoventures.com.

ConXtech Raises $25M in Series D Funding

908 Devices, a pioneer of analytical devices for chemical and biomolecular analysis, today announced it has closed $17.5 million in a growth equity funding round. This Series E funding brings the company&#39;s total to $70M, making 908 Devices the most well-resourced upstart in the multibillion-dollar mass spectrometry market.

The round was led by Northpond Ventures, a global venture capital firm dedicated to science and technology. Northpond&#39;s Sharon Kedar, a Co-Founder and Partner at the firm, will join the 908 team as a Board member. New capital also comes from Sands Capital Ventures, a venture capital firm investing in innovative and scalable businesses that have the potential to become market leaders. Coupled with follow-on investments from ARCH Ventures, Razor&#39;s Edge Ventures, Saudi Aramco Energy Ventures, Schlumberger, Tao Capital Partners, and Casdin Capital, 908 Devices is poised to continue its high growth trajectory with laser focus on forging long-term partnerships with customers.

&quot;The tools developed by 908 Devices are becoming widely adopted in both the life science and field forensic markets, where we believe the company is uniquely positioned. We&#39;re impressed with the company&#39;s pipeline, their innovation roadmap, and the market potential for new products,&quot; said Sharon Kedar, Co-Founder and Partner at Northpond Ventures. &quot;It&#39;s exciting to join a team this talented and to be an active contributor to their continued growth.&quot;

908 Devices continues to experience increased demand for its purpose-built devices. ZipChipTM, a game changing front-end separation device for enhanced mass spectrometry analysis, is being used in the research and development of critical biotherapeutics and has been adopted by all of the top 10 global biopharmaceutical companies. The MX908TM, a rugged handheld chemical detection device, is utilized by first response and military organizations around the world for critical time-sensitive applications such as trace-level detection of fentanyl, synthetic opioids and other priority chemical threats.

&quot;We are both insanely proud and incredibly humbled by the support and trust of our investors,&quot; said Dr. Kevin J. Knopp, CEO and Co-Founder of 908 Devices. &quot;This new infusion of capital will be used to deepen application support and broaden the capabilities of our MX908 and ZipChip product lines. It will also accelerate the development of additional tools &ndash; including a radical new life science device we are geared up to launch later this year.&quot;

To learn more about 908 Devices, visit http://908devices.com/ or email info@908devices.com. You can also follow us on Twitter at @908Devices and on LinkedIn at https://www.linkedin.com/company/908-devices.

About 908 Devices

We make point-of-need-devices ranging from rugged, handheld chemical detection tools to compact, tiny footprint analyzers and fast separation devices. These uncomplicated purpose-built devices provide users with the power to redefine their workflows by getting actionable answers when and where they need them. Our devices are being used for critical applications across the globe in the life sciences and field forensic markets. 908 Devices is headquartered in the heart of Boston where we research, design and manufacture innovative products based on high-pressure mass spectrometryTM (HPMS) and microfluidic separation technology. For more information, visit 908devices.com.

908 Devices Secures $17.5 Million in Growth Funding

908 Devices, a pioneer of analytical devices for chemical and biomolecule analysis, today announced it has closed $20 million in a growth equity funding round. 908 Devices plans to use this infusion of capital to accelerate penetration into already established markets for its purpose-built devices that range from rugged, handheld chemical detection tools to fast separation devices. The company will also be focused on sustaining market disruption with continued innovation and product development.

New capital comes from Tao Capital Partners, a San Francisco-based family office that is a leader in positive impact investing in a variety of sectors, including technology, alternative energy and transportation, healthcare, education, and sustainable food and agriculture, and is an active investor with the ability to support companies through all stages of their lifecycle. The new capital also comes from Cormorant Asset Management, LLC, a Boston-based investment manager with investment focus in both public and private market innovative companies in the biotechnology and life sciences marketplace. Coupled with follow-on investments from Saudi Aramco Energy Ventures (SAEV), ARCH Venture Partners, Razor&rsquo;s Edge Ventures, Schlumberger, and Casdin Capital, 908 Devices is uniquely positioned to continue its high growth trajectory.

&ldquo;Our investment team identified 908 Devices as a disruptor with game-changing technologies,&rdquo; said Bihua Chen, founder and portfolio manager of Cormorant Asset Management, LLC. &ldquo;The demand for their point-of-need solutions in the market is absolutely clear, and we are confident in their approach to serving customers and sustaining company growth.&quot;

908 Devices continues to experience increased demand for its purpose-built devices that have significantly enhanced and streamlined analytical capabilities by way of mass spectrometry across the safety &amp; security, life science, and applied markets. Each device has achieved significant milestones in its respective industry. M908TM is now in use by CBRNE and HAZMAT organizations around the world, with at least one M908 device deployed in every state across the United States. The life science industry has responded positively to ZipChipTM, with seven of the top twenty-five global pharmaceutical companies adopting the platform less than 12 months after launch to accelerate productivity throughout the drug discovery and development processes. Further, 908 Devices has initiated field trials and testing with partners Saudi Aramco and Schlumberger, two of the world&rsquo;s market leaders in the energy space, to deploy a new class of GC-HPMS devices for critical applications.

&ldquo;We are delivering unprecedented analytical capabilities through our HPMS platform and smart separations devices,&rdquo; said Dr. Kevin J. Knopp, President and CEO of 908 Devices. &ldquo;Looking ahead, success means two things: supporting the demand associated with our current product lines and pushing the pace of innovation. With this added support, we will build on the rapid adoption our products have seen to-date and forge ahead into uncharted territories.&rdquo;

To learn more about 908 Devices, visit http://908devices.com/ or email info@908devices.com. You can also follow us on Twitter at @908Devices and on LinkedIn at https://www.linkedin.com/company/908-devices.

About 908 Devices

908 Devices is democratizing chemical analysis by way of mass spectrometry, offering point-of-need chemical analysis and biomolecule analysis devices ranging from rugged, handheld chemical detection tools to compact, tiny footprint analyzers and fast separation devices. These purpose-built and user-centric devices serve a range of industries, including safety &amp; security, oil &amp; gas, life sciences and other applied markets. 908 Devices is headquartered in the heart of Boston where they research, design and manufacture innovative products based on high-pressure mass spectrometryTM (HPMS) and microfluidic separation technology.

908 Devices Secures $20 Million in a Growth Equity Funding Round

908 Devices, a pioneer of purpose-built analytical devices for chemical analysis, today announced it has closed $11.6 Million in Series C funding bringing its funding total to $27.6 Million. Saudi Aramco Energy Ventures (SAEV), the corporate venturing subsidiary of Saudi Arabia&rsquo;s National Oil Company, Saudi Aramco, led the round. Prior investors ARCH Venture Partners, Razor&rsquo;s Edge Ventures, University of Tokyo Edge Capital (UTEC) and Schlumberger also participated and are joined in the round by a number of new executive-level individual investors that will advise on future market expansion.

This new infusion of capital will be used to expand commercial channels and develop additional High-Pressure Mass SpectrometryTM (HPMS) products beyond M908TM in the safety and security market while accelerating expansion into oil and gas, environmental and life science markets. This partnership with SAEV is the second major oil and gas collaboration for 908 Devices. The Company has been working with Schlumberger, the world leader in oil and gas services since 2013 to apply high-pressure mass spectrometry to a number of applications within this market.

&ldquo;Our engineering and investment teams immediately recognized the unique analytical capabilities that 908 Devices&rsquo; HPMS technology can bring throughout the workflow of our petroleum and petrochemical operations,&rdquo; said Cory Steffek, Managing Director of SAEV (USA). &ldquo;We view this technology as key to bringing analysis to the point of need within the energy sector.&rdquo;

Saudi Aramco, which operates in the upstream, midstream and downstream markets and spans exploration, production, refining, petrochemicals, distribution and marketing, will be a partner and leading product adopter as 908 Devices launches solutions for the oil and gas markets. To that end, 908 Devices and SAEV have also signed a commercial services agreement to deploy HPMS technology for applications in the oil and gas industry.

&ldquo;The progress we&rsquo;ve made inspires all of us at 908 Devices,&rdquo; said Dr. Kevin J. Knopp, President and CEO of 908 Devices. &ldquo;We spent our early years developing M908, an HPMS product, that is fielded by safety and security customers around the globe. Over the last year we&rsquo;ve worked in parallel on developing HPMS technology for additional markets. This round of funding will enable us to truly accelerate these new opportunities, and we look forward to unveiling these new HPMS devices in the near future.&rdquo;

&ldquo;908 Devices&rsquo; powerful HPMS platform, track record of execution and market savvy has enabled 908 Devices to uncover and address a series of large unmet market needs. The Saudi Aramco partnership and investment is another marquee endorsement, from one of the most sophisticated participants in the oil and gas industry, demonstrating the major advantages of HPMS in high growth applications within the segment,&rdquo; said Keith Crandell, co-founder and a Managing Director of ARCH Venture Partners.

About Saudi Aramco Energy Ventures

SAEV is the corporate venturing subsidiary of the Saudi Arabian Oil Company (Saudi Aramco), the world&rsquo;s leading fully integrated energy and petrochemical enterprise. Headquartered in Dhahran with offices in North America and Europe, SAEV&rsquo;s mission is to invest globally in start-ups and high growth companies with technologies of strategic importance to its parent, Saudi Aramco. For more information about SAEV, visit http://www.aramcoventures.com.

About 908 Devices

908 Devices, an innovator in point-of-need chemical analysis, offers products from rugged, handheld chemical detection tools to compact, tiny footprint analyzers for researchers, serving a range of industries including safety and security, energy, petrochemical, and life sciences. 908 Devices is headquartered in the heart of Boston where they research, design and manufacture innovative products based on High-Pressure Mass SpectrometryTM (HPMS).

To find out more about M908 visit http://www.908devices.com or email info@908devices.com. You can also follow us on Twitter at @908devices and on LinkedIn at http://www.linkedin.com/908Devices.

908 Devices Receives $11.6 Million in Series C Funding to Accelerate Growth in New Markets

NanoMech announced today that it has secured $10 million in capital for leading its Series C Financing round from Saudi Aramco Energy Ventures (SAEV), the corporate venturing subsidiary of Saudi Arabia&rsquo;s national oil company. This capital infusion and relationship will significantly accelerate NanoMech&rsquo;s manufacturing, sales and product development. NanoMech uses nanotechnology to develop advanced products for industrial and mechanical applications &ndash; such as lubricants, coatings and specialty chemicals. These products have enabled a step change in performance, efficiency and reliability in multiple industries such as energy, transportation, aerospace, manufacturing, automotive, agricultural equipment and military. NanoMech has validated and commercialized its innovations to iconic world-leading businesses and has completed scale up of its smart factory and labs. Several Fortune 100 and emerging companies have incorporated NanoMech&rsquo;s nano-engineered solutions, to create disruptive and higher-performance products. Today&rsquo;s announcement represents NanoMech&rsquo;s most significant milestone in the continued validation and authentication of its unique technology.

&ldquo;NanoMech is honored to achieve this recognition and investment by the world&rsquo;s largest energy company. Building on current momentum, NanoMech will use this financing and relationship to expand our global reach, invest in additional sales and marketing resources, and increase investment in our market leading nanotechnology platforms, nGlide, GuardX, TuffTek, and nGuard,&rdquo;&nbsp;said NanoMech Chairman and CEO Jim Phillips.

&ldquo;Response to NanoMech&rsquo;s technology at Saudi Aramco and several of our major suppliers has been very positive. A platform technology like NanoMech&rsquo;s has significant potential to bring innovation not only to the energy sector, but also to many other critical industries,&rdquo; according to Cory Steffek, Managing Director, North America for SAEV.

Deborah Wince-Smith, CEO of the U.S. Council on Competitiveness and NanoMech board member added, &ldquo;Aramco&#39;s strategic investment in NanoMech will transform the productivity paradigm for sustainable global energy production and accelerate NanoMech&#39;s position as the global leader in advanced nanotechnology delivering products and solutions for enhanced business performance and competitive advantage.&rdquo;

Dr. Ajay P. Malshe, CTO and Founder of NanoMech, added, &ldquo;After more than a decade of extensive research and development, and recent large-scale commercialization successes, our industry leading disruptive nanoscience is light years ahead of the competition and is transforming entire industries. Our patented multi-functional solutions increase performance, durability and reliability &ndash; achieving top machine performance like never before. We are ecstatic to be working closely with a company of the size and stature of Saudi Aramco and their highly regarded venture subsidiary.&rdquo;

About NanoMech

NanoMech is focused on patented platform nanomanufacturing technologies that offer a broad range of high value market opportunities. The operating vision of NanoMech is to be the Six Sigma world leader in nanomanufacturing innovation with swift product development, and an emphasis on platform technologies that are scalable for efficient mass production.

NanoMech Inc. creates advanced engineering materials through patent and patent-pending nano-engineered and nano-manufactured product development. NanoMech is recognized as a leader in innovation and technology. Their breakthroughs in nano-materials and manufacturing include the first cubic boron nitride coating for machine tools, and advanced nano-engineered lubricants and coatings. The company&rsquo;s products have applications in very advanced energy manufacturing, machining, lubrication, highly durable and sustainable protective multi-functional coatings for metals and textiles as well as consumer products, and strategic military applications. NanoMech has recently won the prestigious R&amp;D 100 Award and two Edison Awards. NanoMech is a member of President Obama&rsquo;s Materials Genome Initiative, the U.S. Manufacturing Competitiveness Initiative (USMCI) and the U.S. Technology Leadership and Strategy Initiative, both based in Washington, DC. For more information please visit&nbsp;<a href="http://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.nanomech.com%2F&amp;esheet=51319351&amp;newsitemid=20160413006077&amp;lan=en-US&amp;anchor=www.NanoMech.com&amp;index=1&amp;md5=e700c5f42ed1d8cdb00e7626bf7aa1cb" target="_blank">www.NanoMech.com</a>.

About Saudi Aramco Energy Ventures LLC (SAEV):

Saudi Aramco Energy Ventures is the corporate venturing subsidiary of the Saudi Arabian Oil Company (Saudi Aramco), the world&rsquo;s leading fully integrated energy and petrochemical enterprise. Headquartered in Dhahran, with offices in North America and Europe, SAEV&rsquo;s mission is to invest globally in startups and high growth companies with technologies of strategic importance to its parent, Saudi Aramco. For more information about SAEV visit&nbsp;<a href="http://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.aramcoventures.com&amp;esheet=51319351&amp;newsitemid=20160413006077&amp;lan=en-US&amp;anchor=www.aramcoventures.com&amp;index=2&amp;md5=bf5ad8c3d0393a53df8752e99dea2151" target="_blank">www.aramcoventures.com</a>.

NanoMech Receives $10 Million Investment from Saudi Aramco Energy Ventures

Maana, the advanced analytics platform that operationalizes big data insights into line-of-business applications, today announced that the company has raised $26 million in Series B funding led by Saudi Aramco Energy Ventures, the corporate venturing arm of Saudi Aramco, the world&rsquo;s largest integrated energy enterprise. Also new to this round of financing is Shell Technology Ventures, the corporate venture capital arm of Shell. Existing investors GE Ventures, Chevron Technology Ventures, Intel Capital, and Frost Data Capital also participated in this round. Maana is the first startup in big data analytics and IoT, to raise such a large amount of funding primarily from strategic investors. Series B brings the total funding raised to-date, to over $40 million. This round also brings together some of the world&rsquo;s largest oil and gas and industrial enterprises as investors, many of which are also Maana customers and have seen the speed at which Maana enables them to optimize their key industrial assets and business processes.

Dhiraj Malkani, Investment Director at Saudi Aramco Energy Ventures and Andy Fligel, Director at Intel Capital, will join the Board. Carl Stjernfeldt, North America Venture Manager at Shell, will join as a Board Observer.

&ldquo;Maana invented the&nbsp;<a href="http://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.maana.io%2Ftechnology%2Femergent-semantic-graph%2F&amp;esheet=51333505&amp;newsitemid=20160503005710&amp;lan=en-US&amp;anchor=enterprise+knowledge+graph&amp;index=2&amp;md5=e768e0916ba0a99068872727a24a0999" target="_blank">enterprise knowledge graph</a>, taking asset and process optimization to the next level. Our platform is unique in the way it forms operational knowledge from data in silos and translates this knowledge into recommendations for thousands of employees to make better day-to-day decisions,&rdquo; said Babur Ozden founder and chief executive officer at Maana. &ldquo;We are very proud of the fact that our investors share our vision regarding the significance of the enterprise knowledge graph as a unique innovation in big data analytics for asset optimization. The business value that Maana is delivering to their organizations and customers is unlike any other technology available in the market today.&rdquo;

&ldquo;We decided to invest in Maana after seeing first-hand the business value that Maana&rsquo;s platform delivers in optimizing assets and processes at some of the world&rsquo;s largest industrial companies. Maana&rsquo;s patented invention, the enterprise knowledge graph, is transforming big data analytics with game changing technology that solves some of the most challenging enterprise problems,&rdquo; said Dhiraj Malkani, Investment Director at Saudi Aramco Energy Ventures. &ldquo;Maana&rsquo;s marquee list of Fortune Global 500 customers is testament to the tremendous market opportunity that lies ahead for Maana.&rdquo;

Maana Drives a New Paradigm in Big Data Analytics for Asset Optimization

Maana invented the &ldquo;enterprise knowledge graph&rdquo; for industrial asset optimization. At the center of its advanced analytics platform is its patented enterprise knowledge graph. This breakthrough innovation in knowledge technology enables distributed, high-speed computation for data mining and machine learning across all data silos and data types to provide a holistic view of assets and business processes to be optimized.

This new paradigm in big data leapfrogs over the traditional &ldquo;data lake&rdquo; concept into the world of knowledge. Instead of simply extracting data from their current silos and placing them into a &ldquo;lake,&rdquo; Maana takes the data from silos and organizes it into a knowledge graph that enables analysts, subject-matter experts, and data scientists to truly collaborate &ndash;&ndash; for the first time &ndash;&ndash; on solving the toughest business problems. Over time, Maana&rsquo;s enterprise knowledge graph grows and itself becomes a key information asset, capturing the complex relations and dynamics of how the business and its core assets operate. By capturing and representing operational knowledge, more people have access to it, enabling wider knowledge sharing transfer that leads to optimization of those assets and processes. Maana then enables subject-matter experts and business analysts to translate those big data insights into recommendations and embed them into line-of-business applications for thousands of employees to make smarter day-to-day decisions.

This investment will be used to expand product development, and build the sales and marketing teams to dramatically scale go-to-market and meet the continued demand for its platform.

About Maana

Maana is the advanced analytics platform that operationalizes big data insights into line-of-business applications. Maana&rsquo;s groundbreaking enterprise knowledge graph enables companies to analyze data in multiple silos simultaneously, accelerating the time it takes to go from raw data to continuous insights. Enterprises are optimizing their key assets and business processes with Maana by operationalizing big data insights and recommendations into line-of-business applications for thousands of employees to make better decisions. Investors include Chevron Technology Ventures, ConocoPhillips Technology Ventures, Frost Data Capital, GE Ventures, Intel Capital Saudi Aramco Energy Ventures, and Shell Technology Ventures. Maana is privately held with offices in Palo Alto, California, and Bellevue, Washington. Visit us at&nbsp;<a href="http://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.maana.io&amp;esheet=51333505&amp;newsitemid=20160503005710&amp;lan=en-US&amp;anchor=www.maana.io&amp;index=3&amp;md5=ae045a260ba2f487f51d9d3cf608d2c8" target="_blank">www.maana.io</a>

About Chevron Technology Ventures

Chevron Technology Ventures pursues business solutions and technologies with the potential to improve Chevron&rsquo;s base business operations by finding, sponsoring and demonstrating emerging technologies, and championing their integration into Chevron to improve business value. The Venture Capital Team invests in companies at any phase in the development cycle &ndash; from providing early-stage seed investment to offering capital for full-scale commercialization &ndash; and helps transfer the technology into the business.&nbsp;<a href="http://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.chevron.com%2Fctv%2Fctvi%2F&amp;esheet=51333505&amp;newsitemid=20160503005710&amp;lan=en-US&amp;anchor=www.chevron.com%2Fctv%2Fctvi%2F&amp;index=4&amp;md5=93c27ca7e84827c0d63c4d53e93123c1" target="_blank">www.chevron.com/ctv/ctvi/</a>

About Frost Data Capital

Frost Data Capital is a combined incubator and venture capital firm with a unique approach designed specifically to capture some of the enormous value that will be created as the &ldquo;Big Data&rdquo; revolution unfolds. Based out of Southern California, Frost Data Capital has built an ecosystem of innovative start-ups with deep expertise in big data, entrepreneurialism, advanced technology, analytics, and the Industrial Internet.&nbsp;<a href="http://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.frostdatacapital.com&amp;esheet=51333505&amp;newsitemid=20160503005710&amp;lan=en-US&amp;anchor=www.frostdatacapital.com&amp;index=5&amp;md5=e7f09f66002487b6b8f505a2ba99be70" target="_blank">www.frostdatacapital.com</a>

About GE Ventures

GE Ventures is committed to identifying, scaling and accelerating ideas that will make the world work better. Focused on the areas of software and analytics, advanced manufacturing, energy and healthcare, GE Ventures helps entrepreneurs and start-ups succeed by providing access to GE&rsquo;s technical expertise, capital, and opportunities for commercialization through GE&rsquo;s global network of business, customers, and partners. GE Ventures is headquartered in Menlo Park, CA. For more information, please visit&nbsp;<a href="http://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.geventures.com&amp;esheet=51333505&amp;newsitemid=20160503005710&amp;lan=en-US&amp;anchor=www.geventures.com&amp;index=6&amp;md5=0c1e655d70ccc6b6abb664a0f0d1f109" target="_blank">www.geventures.com</a>.

About Intel Capital

Intel Capital, Intel&#39;s strategic investment and M&amp;A organization, backs innovative technology startups and companies worldwide. Intel Capital invests in a broad range of companies offering hardware, software, and services targeting computing and smart devices, cloud, datacenter, security, the Internet of Things, wearable and robotic technologies and semiconductor manufacturing. Since 1991, Intel Capital has invested US$11.7 billion in 1,445 companies in 57 countries. In that timeframe, 212 portfolio companies have gone public on various exchanges around the world, and 383 were acquired or participated in a merger. Through its business development programs, Intel Capital curates thousands of introductions each year between its portfolio executives and Intel&#39;s customers and partners in the Global 2000. For more information on what makes Intel Capital one of the world&#39;s most powerful venture capital firms, visit&nbsp;<a href="http://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.intelcapital.com&amp;esheet=51333505&amp;newsitemid=20160503005710&amp;lan=en-US&amp;anchor=www.intelcapital.com&amp;index=7&amp;md5=d10a99fe03d608acea03c7ad23cdf94d" target="_blank">www.intelcapital.com</a>&nbsp;or follow @Intelcapital.

About Saudi Aramco Energy Ventures (SAEV)

Saudi Aramco Energy Ventures is the corporate venturing subsidiary of the Saudi Arabian Oil Company (Saudi Aramco), the world&rsquo;s leading fully integrated energy and petrochemical enterprise. Headquartered in Dhahran with offices in North America and Europe, SAEV&rsquo;s mission is to invest globally in start-ups and high growth companies with technologies of strategic importance to its parent, Saudi Aramco. For more information about SAEV, visit&nbsp;<a href="http://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.aramcoventures.com%2F&amp;esheet=51333505&amp;newsitemid=20160503005710&amp;lan=en-US&amp;anchor=www.aramcoventures.com&amp;index=8&amp;md5=adfd7361b8ec9f77d5c16c3f58e9fa83" target="_blank">www.aramcoventures.com</a>

About Shell Technology Ventures

Shell Technology Ventures (&ldquo;STV&rdquo;) is the corporate venture capital arm of Royal Dutch Shell plc (&ldquo;Shell&rdquo;). With major offices in Europe and the USA, STV invests in technology companies to enhance the development of new technologies that have the potential to create substantial deployment value in Shell. Continuing Shell&rsquo;s tradition in venture capital since 1998, STV&rsquo;s investment focus includes oil &amp; gas, renewable energy technologies, water and IT. STV co-invests with other corporate investors, venture capital funds and angels and will invest in both early stage and late stage (growth capital) companies. For more information, please visit&nbsp;<a href="http://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.shell.com%2Fenergy-and-innovation%2Finnovating-together%2Fshell-technology-ventures.html&amp;esheet=51333505&amp;newsitemid=20160503005710&amp;lan=en-US&amp;anchor=http%3A%2F%2Fwww.shell.com%2Fenergy-and-innovation%2Finnovating-together%2Fshell-technology-ventures.html&amp;index=9&amp;md5=8e31a3d91945e28aeb3ea0917c7cc606" target="_blank">http://www.shell.com/energy-and-innovation/innovating-together/shell-technology-ventures.html</a>

Maana Raises $26 Million Series B Strategic Investment Round Led by Saudi Aramco Energy Ventures

Maana, the pioneer of digital knowledge technology, today announced it has raised $28 million in Series C funding. The round is led by China International Capital Corporation (CICC) and Eight Square Capital. Other new investors include, Accenture Ventures, and Sino Capital. All of Maana&rsquo;s existing strategic investors, Intel Capital, GE Ventures, Chevron Technology Ventures, Saudi Aramco Energy Ventures and Shell Technology Ventures participated.

The funding demonstrates confidence from strategic global investors in the key role the Maana Knowledge Platform&nbsp;&trade;&nbsp;is playing to accelerate industrial digital transformation. Investments in Maana to date total $68 million. Maana has purposely chosen to take strategic investments to enable the company to develop a mature platform designed specifically to address the toughest industrial digitization challenges.

&ldquo;Maana is pleased to announce new funding from major global strategic investors,&rdquo; said Babur Ozden, CEO and co-founder, Maana. &ldquo;The latest investment will be used to scale our business globally and support our growing Fortune Global 500 customer base. This funding combined with the strategic alliance Maana has established with Accenture, demonstrates the demand for Maana&rsquo;s cutting-edge AI-driven knowledge technology as a key enabler of digital transformation at the world&rsquo;s largest industrial companies.&rdquo;

&ldquo;At CICC we pride ourselves in investing in disruptive technologies,&rdquo; said Qing (Tracy) Gao, managing director of CICC, vice chairman of CICC Capital Overseas and managing partner of Global Bridge Capital, a fund based in Silicon Valley sponsored by CICC and CM Capital. &ldquo;From our decades of experience in China, digital transformation at China&rsquo;s industrial enterprises will have a profound effect on improving corporate operations and enhancing the global economy. We believe the Maana Knowledge Platform&trade; has the potential to become the essential digital knowledge layer of the world&rsquo;s industrial data and deliver significant business value to industrial companies.&rdquo;

&ldquo;Investments in digital technologies are helping enterprises, especially those in the oil and gas sector, generate hundreds of millions of dollars in operational efficiencies and new revenue sources,&rdquo; said Paul Daugherty, Accenture&rsquo;s chief technology &amp; innovation officer. &ldquo;Over the past year we have seen how Maana&rsquo;s knowledge platform was being adopted to accelerate digital transformation at some of the world&rsquo;s largest industrial companies. By investing and partnering with Maana, Accenture will develop hundreds of AI-based knowledge applications to help our industrial clients augment and improve their human decision making.&rdquo;

In 2017 Maana&rsquo;s technology was recognized by several well-respected industry organizations, including the World Economic Forum recognizing Maana as a&nbsp;<a href="http://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwidgets.weforum.org%2Ftechpioneers-2017%2F&amp;esheet=51730071&amp;newsitemid=20171219005422&amp;lan=en-US&amp;anchor=2017+Technology+Pioneer&amp;index=2&amp;md5=686155604e1c98a97e93d715d5952f02" target="_blank">2017 Technology Pioneer</a>;&nbsp;<a href="http://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fceraweek.com%2Fabout-ceraweek%2F&amp;esheet=51730071&amp;newsitemid=20171219005422&amp;lan=en-US&amp;anchor=CERAWeek&amp;index=3&amp;md5=edcddff35c4691a84b1a79cebffdc643" target="_blank">CERAWeek</a>&nbsp;the world&rsquo;s preeminent energy conference organized by IHS Markit naming Maana one of eight&nbsp;<a href="http://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fceraweek.com%2Fenergy-innovation-pioneers%2F&amp;esheet=51730071&amp;newsitemid=20171219005422&amp;lan=en-US&amp;anchor=2017+Energy+Innovation+Pioneers&amp;index=4&amp;md5=a98d5c3ffeaa0066531dd4eab86f339d" target="_blank">2017 Energy Innovation Pioneers</a>; and CB Insights recognizing Maana as one of one hundred&nbsp;<a href="http://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.cbinsights.com%2Fresearch-ai-100&amp;esheet=51730071&amp;newsitemid=20171219005422&amp;lan=en-US&amp;anchor=most+promising+private+artificial%C2%A0intelligence+companies&amp;index=5&amp;md5=8a2c4d606e5337f1d8f6c9682718297b" target="_blank">most promising private artificial&nbsp;intelligence companies</a>&nbsp;in the world.

About CICC

China International Capital Corporation (CICC, 3908.HK) is a premier China-based investment bank with international reach. As CICC&rsquo;s exclusive platform for private equity investors, CICC Capital&#39;s overall AUM was approximately RMB 180 billion as of June 30, 2017. Global Bridge Capital, sponsored by CICC and CM Capital, is the first Silicon Valley fund on CICC Capital&rsquo;s platform that invests in high-tech industries in the US. CICC has offices in New York and San Francisco in the US, and Global Bridge Capital has office in Palo Alto. Visit us at&nbsp;<a href="http://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.cicc.com&amp;esheet=51730071&amp;newsitemid=20171219005422&amp;lan=en-US&amp;anchor=https%3A%2F%2Fwww.cicc.com&amp;index=6&amp;md5=f164bc838947b196df3972df09877f33" target="_blank">https://www.cicc.com</a>

About Maana

Maana pioneered &ldquo;digital knowledge technology&rdquo; for the enterprise. Maana&rsquo;s patented Knowledge Graph&trade; combined with Maana&rsquo;s proprietary AI algorithms, expedites extracting knowledge from data silos, to reveal their relationships in the context of optimizing operations and decision flows. Customers include Fortune 500 companies such as Airbus, Chevron, GE, Maersk, and Shell. In 2017 Maana was named Technology Pioneer by the World Economic Forum. Maana&rsquo;s strategic investors are comprised of Frost Data Capital, GE Ventures, Intel Capital, Chevron Technology Ventures, Saudi Aramco Energy Ventures, Shell Technology Ventures, Accenture Ventures, CICC, Eight Square Capital, and Sino Capital. Maana is privately held with offices in Palo Alto, California, Bellevue, Washington, Houston, Texas, Saudi Arabia and multiple locations in Europe. Visit us at&nbsp;<a href="http://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.maana.io%2F&amp;esheet=51730071&amp;newsitemid=20171219005422&amp;lan=en-US&amp;anchor=https%3A%2F%2Fwww.maana.io%2F&amp;index=7&amp;md5=f0177a83fd21af70fb016fc8924b31aa" target="_blank">https://www.maana.io/</a>

Twitter:&nbsp;<a href="http://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Ftwitter.com%2FMaanaKnowledge&amp;esheet=51730071&amp;newsitemid=20171219005422&amp;lan=en-US&amp;anchor=%40MaanaKnowledge&amp;index=8&amp;md5=f43ec514addbec1e8f6f14fab8145569" target="_blank">@MaanaKnowledge</a>

LinkedIn:&nbsp;<a href="http://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fmaana&amp;esheet=51730071&amp;newsitemid=20171219005422&amp;lan=en-US&amp;anchor=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fmaana&amp;index=9&amp;md5=0ad8b4f696536b1ee8f2774ca6cdf08f" target="_blank">https://www.linkedin.com/company/maana</a>

Maana Raises $28M from CICC, Accenture and Other Strategic Investors to Accelerate AI-driven Industrial Digital Transformation

Founding Team with Leaders in Materials Science, Software and Robotics Aim to Make Metal Additive Manufacturing Widely Accessible

LEXINGTON, Mass.--(BUSINESS WIRE)-- Desktop Metal today announced strategic investments from GE Ventures and Saudi Aramco Energy Ventures. To date, the company has raised $52M and other investors include Kleiner Perkins Caufield &amp; Byers, New Enterprise Associates, Stratasys and Lux Capital. The investments will fund product development, hiring, and business operations as Desktop Metal addresses the challenges of lower cost and easier to use metal 3D printing for the commercial sector.

&ldquo;Our company is focused on the barriers that hold metal 3D printing back: price, performance, and variety of materials. Today&rsquo;s technology is where computing was in the 1970&rsquo;s. It&rsquo;s too costly and cumbersome to scale. We want to bring an everyday-use metal 3D printing solution to the workspace of every engineering team and we have the industry-ready team to do it,&rdquo; said Ric Fulop, CEO and cofounder, Desktop Metal.

&ldquo;Additive manufacturing is crucial to accelerating innovation at GE and bringing better products to market faster. We are excited to be part of Desktop Metal&rsquo;s future as they tackle these challenges to broader accessibility,&rdquo; said Steve Taub, Senior Director of Advanced Manufacturing, GE Ventures.

Desktop Metal has brought together world recognized experts in materials science, software and robotics to develop additive manufacturing solutions that meet the performance needs of enterprises. The team includes Jonah Myerberg, a leader in materials engineering; Chris Schuh, Chairman of the MIT Department of Material Science and Engineering; Yet Ming Chiang, an MIT professor and expert in material science; Matt Verminski, previously the VP of engineering at Kiva Systems; John Hart, head of the MIT mechanosynthesis lab and Ely Sachs, MIT professor and inventor of the first 3D printer; Rick Chin one of the early team members of SolidWorks and previously founder of Xpress3D (acquired by Stratasys); Marc Minor, head of marketing of Carbon3D and Ric Fulop, co-founder of A123Systems and General Partner at North Bridge, an early investor in leading CAD and 3D printing companies including Onshape, ProtoLabs, MarkForged and SolidWorks. Scott Crump, the founder of Stratasys also serves as a board observer for Desktop Metal.

Sign up for updates at&nbsp;<a href="http://www.desktopmetal.com/contact/">http://www.desktopmetal.com/contact/</a>.

About Desktop Metal

Desktop Metal&rsquo;s vision is to make metal additive manufacturing accessible to engineering teams everywhere. Our team of scientists, developers and engineers is addressing the challenges of cost, performance, and materials in order to make metal 3D printing an essential tool of innovation. Desktop Metal was founded in August of 2015 and to date has raised $52M in funding. Visit&nbsp;<a href="http://www.desktopmetal.com/">http://www.desktopmetal.com/</a>&nbsp;to learn more.

GE Ventures and Saudi Aramco Make Strategic Investment in Desktop Metal

<a href="http://www.zahroofvalves.com/" target="_blank">Zahroof Valves Inc.</a>, a Houston, Texas-based maker of an innovative valve for use in gas compressors, raised a Series C funding round of undisclosed amount.

The round was led by Saudi Aramco Energy Ventures (SAEV), the corporate venturing arm of Saudi Aramco, with participation from existing investor NGP Energy Technology Partners (NGP ETP).

The company intends to use the funds for global expansion.

Led by Tony Gioffredi, Chief Executive Officer, and Zahroof Mohamed, President and Chief Technology Officer, ZVI has developed and markets the Straightflo (SF) Valve for use in reciprocating gas compressors.&nbsp;The ZVI Straightflo Valve, developed by Mohamed, is a direct &ldquo;drop-in&rdquo; replacement for all manufacturers&rsquo; compressor valves and can be operated in most compression applications including natural gas gathering, production, transmission and storage; CNG; FPSO; CO2 Enhanced Oil Recovery; H2 and others.

Zahroof Valves Raises Series C Funding Round

FogHorn Systems, whose software aims to save companies&rsquo; money by streamlining data processing, said it has raised $30 million from investors led by Intel Capital and Saudi Aramco Energy Ventures.

Including the latest funding round, the company has so far raised $47.5 million, Chief Executive David King told Reuters in an interview on Monday.

He declined to disclose the company&rsquo;s current valuation.

Founded in 2014, FogHorn is one of the first companies to make software in the little-known area of fog or edge computing that locally analyzes data collected from sensors deployed in industrial equipment to increase speed and save costs.

Edge computing eliminates the need for sending the data to the cloud, instead processing the information where it was generated, in milliseconds.

Many industrial companies are deploying sensors or so-called Industrial Internet of Things, which enables machines to talk to each other and detect problems before they occur.

California-based FogHorn said Honeywell Ventures also took part in the latest funding round, joining existing investors March Capital, GE, Dell Technologies Capital, Robert Bosch Venture Capital, Yokogawa and Darling Ventures.

FogHorn&rsquo;s computing engine can run big data analytics and machine learning on devices that have lower processing power.

The company has forged partnerships with Intel, Dell, GE and other technology companies to get its technology integrated in their products.

FogHorn, which has dozens of customers including Saudi Aramco, GE GE.N, Dell and Hewlett Packard Enterprise HPE.N, is in the early revenue generation stage, King said.

Software maker FogHorn raises $30 million in latest funding round

<a href="https://foghorn.io/" target="_blank">FogHorn</a>, a Sunnyvale, Calif.-based developer of intelligence edge computing software for industrial and commercial IoT application solutions, closed $25m in series C round of funding.

The round &ndash; which brought total funding raised to date to $72.5m &ndash; was led by LS Corp., with participaiton from Forte Ventures and existing investors Dell Technologies Capital, Intel Capital, Saudi Aramco Energy Ventures, Honeywell Ventures, GE Ventures, Robert Bosch Venture Capital, March Capital Partners and Darling Ventures.

The company intends to use the funds to scale and invest in continued product innovation.

Led by David C. King, CEO, John Neville, Chief Revenue Officer, and Senthil Kumar, VP of Engineering, FogHorn is a developer of intelligence edge computing software for industrial and commercial IoT application solutions. Its software platform brings advanced analytics and machine learning to on-premises edge environment enabling a new class of applications for advanced monitoring and diagnostics, machine performance optimization, proactive maintenance and operational intelligence use cases. The technology is ideally suited for OEMs, systems integrators and end customers in manufacturing, power and water, oil and gas, renewable energy, mining, transportation, healthcare, retail, as well as smart grid, smart city, smart building and connected vehicle applications.

FogHorn Raises $25M in Series C Funding

<a href="https://www.nexwafe.com/" target="_blank">NexWafe GmbH</a>, a Freiburg, Germany-based developer of technology for epitaxial fabrication of silicon wafers for photovoltaics, completed an &euro;8m financing.

The round was led by Saudi Aramco Energy Ventures (SAEV) with participation from Green Gateway Fund 2 (GGF2) advised by Wermuth Asset Management GmbH (WAM) and existing investor Lynwood (Schweiz) AG.

The company intends to use the funds for the commissioning of its 5MW wafer production line in Freiburg, and for initial customer qualifications.

Led by Stefan Reber, CEO, NexWafe is advancing monocrystalline wafers that are fully compatible with standard cell and module fabrication processes. The target market includes solar cell producers. 
The company, a spinoff from the Fraunhofer ISE, leverages its EpiWafer process to allow crystalline silicon layers to be deposited on seed wafers and subsequently detached to produce freestanding wafers, of any desired thickness without kerf loss.

Nexwafe Closes €8M Financing

<a href="https://www.nexwafe.com/" target="_blank">NexWafe GmbH</a>, a Freiburg, Germany-based maker of monocrystalline silicon wafers, raised &euro;10m in Series B funding.

Investors included&nbsp;Fraunhofer,&nbsp;Saudi Aramco Energy Ventures,&nbsp;GAP Technology Holding, Lynwood Schweiz AG and Bantina Invest Limited.

The company intends to use the funds to With this additional cash infusion, NexWafe will move forward with further industrialization of its EpiNex&trade; green high-efficiency solar wafer technology and begin its pilot manufacturing activities. As the company moves into its next stage, it is also intensifying discussions with potential partners to commercialize the technology.

Led by CEO&nbsp;Davor Sutija, NexWafe makes makes high-efficiency monocrystalline silicon wafers called EpiWafers, which provide solar panel manufacturers with higher efficiency and yield at a lower cost of traditional monocrystalline Cz-Si, all without having to retool their production lines.

The company&rsquo;s technology also allows for production of ultra-thin wafers, already demonstrated in its pilot line in Freiburg, providing a roadmap to next-generation ultra-thin and tandem architectures.

NexWafe, which has qualification shipments planned to start in 2021 and plans to raise further capital to support that activity, also announced that Peter Pauli will step down as Chairman of the Board of Directors to devote more time to other commitments.

Bart Markus, a member of the Board of Directors of NexWafe since 2019, succeeds Mr. Pauli as Chairman. He brings more than two decades of experience as a serial entrepreneur and investor in high technology and holds an MSc in Applied Physics from the Twente University of Technology and an MBA with distinction from INSEAD.

NexWafe Raises €10M in Series B Funding

Gryphon Oilfield Solutions, LLC (&ldquo;Gryphon&rdquo;) is pleased to announce that it has secured a significant investment to support its continued technological advancements in the completions and down-hole tool sector of the oilfield service industry. The capital investment comes from Saudi Aramco Energy Ventures, the corporate venturing subsidiary of Saudi Arabia&rsquo;s national oil company, and CSL Capital Management, a private equity firm with multiple interests in energy and oilfield service companies. The funds will be used to significantly expand Gryphon&rsquo;s rapidly evolving dissolvable tool portfolio and support on-going commercialization activities.

&ldquo;Gryphon Oilfield Solutions is excited for the opportunity to work with Saudi Aramco in developing the next generation of completion tools,&rdquo; said Ben Weber, CEO of Gryphon. Gryphon&rsquo;s primary focus is on developing &ldquo;solution-based&rdquo; technology that addresses challenges facing operators in conventional and unconventional oil and gas plays around the world. Much of Gryphon&rsquo;s expanding portfolio of completion tools incorporates unique dissolvable and reactive technologies that enable improved efficiencies and enhanced recovery in the oil and gas industry. &ldquo;The integration of dissolvable metals and elastomers will be the driver to lower completion costs without sacrificing reliability. This partnership will drive our tool development to meet the needs of difficult environments and deliver completion solutions that will be useful throughout the world,&rdquo; said Mr. Weber.

About Gryphon Oilfield Solutions &ndash; Gryphon is an Oilfield Completion Tool and Casing Equipment solutions-based company, established in 2016. Gryphon is backed by CSL Capital Management, LLC, a private equity firm with multiple interests in energy and oilfield service companies. Headquartered in Houston, TX, Gryphon has bases established in Oklahoma, South Texas, East Texas, Midland, Canada and the U.K. Additional sales and service centers are currently being established. For more information, please visit&nbsp;<a href="http://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.gryphonoilfield.com&amp;esheet=51736892&amp;newsitemid=20180103005303&amp;lan=en-US&amp;anchor=www.gryphonoilfield.com&amp;index=2&amp;md5=2f5387b3d09afdfb41c7d86da0b0621b" target="_blank">www.gryphonoilfield.com</a>.

About CSL Capital Management LLC (&ldquo;CSL&rdquo;) &ndash; CSL is an SEC-registered private equity firm founded in early 2008 and headquartered in Houston, TX. Since its inception, CSL has raised in excess of $1.5 billion in equity capital and commitments across various investment vehicles. The firm&rsquo;s focus is on investing in small to mid-size energy service businesses, in the U.S. and Internationally. CSL&rsquo;s current portfolio includes several de novo, growth, recapitalization, and other investments. For more information, please visit&nbsp;<a href="http://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.cslenergy.com&amp;esheet=51736892&amp;newsitemid=20180103005303&amp;lan=en-US&amp;anchor=www.cslenergy.com&amp;index=3&amp;md5=78d755f40dd6ef084c64f3e8c7ab0acd" target="_blank">www.cslenergy.com</a>.

About Saudi Aramco Energy Ventures LLC (&ldquo;SAEV&rdquo;) - SAEV is the corporate venturing subsidiary of the Saudi Arabian Oil Company (Saudi Aramco), the world&rsquo;s leading fully integrated energy and petrochemical enterprise. Headquartered in Dhahran with offices in North America, Europe and Asia, SAEV&rsquo;s mission is to invest globally in start-ups and high growth companies with technologies of strategic importance to its parent, Saudi Aramco. For more information, please visit&nbsp;<a href="http://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.saev.com&amp;esheet=51736892&amp;newsitemid=20180103005303&amp;lan=en-US&amp;anchor=www.saev.com&amp;index=4&amp;md5=f48319efff30772785a556e5a3e11698" target="_blank">www.saev.com</a>.

Gryphon Oilfield Solutions Receives a New Round of Funding from Saudi Aramco Energy Ventures and CSL Capital Management

ROUND WILL FUEL GLOBAL EXPANSION FOR CLARKE VALVE&rsquo;S CUTTING-EDGE TECHNOLOGY

North Kingstown RI, July 26, 2022 &ndash; Clarke Valve closed a Series D Preferred Stock 5-million-dollar funding round. &nbsp;This Series D round was led by Flowserve Corporation, a leading provider of flow control products and services for the global infrastructure markets. Additional funding was provided by OGCI Climate Investments, Saudi Aramco Energy Ventures, Chevron Technology Ventures, and New World Angels.

&ldquo;We are delighted to welcome Flowserve, a global leader in flow control offerings, as an investor in Clarke Valve. We are looking forward to working with Flowserve to accelerate the commercial expansion of Clarke Valve&rsquo;s technology and therefore grow its impact,&rdquo; Vice President Stakeholder Management for OGCI Climate Investments, Roger Humphreville said. &ldquo;Clarke Valve&rsquo;s technology helps companies sharply reduce methane leaks, a vital near-term element of the world&rsquo;s push to curb greenhouse gas (GHG) emissions.&rdquo;

&ldquo;Clarke Valve is pleased to welcome Flowserve to our family of world class investors. &nbsp;We all share the same vision of utilizing cutting-edge flow control technology to create a positive impact for industry, the environment, and our shareholders,&rdquo; said Clarke Valve&rsquo;s CEO, Kyle Daniels.

&ldquo;We look forward to the mutual opportunities this investment will provide Flowserve and Clarke Valve,&rdquo; said Scott Rowe, Flowserve president and chief executive officer. &ldquo;As we continue to advance Flowserve&rsquo;s Diversification, Decarbonization and Digitization strategy, this partnership will allow us to better support our customers with Clarke Valve&rsquo;s innovative valve technologies and together help make the world a better place for everyone.&rdquo;

<h3>OGCI CLIMATE INVESTMENTS</h3>

OGCI Climate Investments manages funds focused on driving substantial reduction in carbon emissions and was formed by the Oil &amp; Gas Climate Initiative, a CEO-led initiative of major global oil &amp; gas companies. OGCI aims to lead the industry&rsquo;s response to climate change through action and independently managed investments.&nbsp;

The firm invests in innovations, technologies, and projects to decarbonize under-invested GHG-intensive sectors within energy, industry, built environments/buildings and transportation. OGCI CI looks for outcomes that avoid or reduce methane or carbon dioxide emissions, recycle or store carbon dioxide. Since 2017, it has invested in over 29 technologies and projects which have realized over 30MT CO2 equivalent in the period 2019-2021.&nbsp;

<h3>FLOWSERVE CORPORATION</h3>

Flowserve Corp. is one of the world&rsquo;s leading providers of fluid motion and control products and services. Operating in more than 55 countries, the company produces engineered and industrial pumps, seals and valves as well as a range of related flow management services. More information about Flowserve can be obtained by visiting the company&rsquo;s Web site at&nbsp;<a href="https://www.flowserve.com/" target="_blank">www.flowserve.com</a>.

<h3>CLARKE VALVE</h3>

Founded in 2011, Clarke Valve provides high quality industrial control valves to organizations worldwide and is a portfolio company of Saudi Aramco Energy Ventures, Chevron Technology Ventures, and OGCI Climate Investments. Clarke Valve is the exclusive manufacturer of the Dilating Disk&trade; Valve, the most environmentally responsible control valve. The unique patented technology of the Dilating Disk&trade; Valve consumes less energy, uses 50% less raw materials, and reduces fugitive emissions by 98%, recording a methane leakage rate of only 2 parts-per-million (PPM). Clarke Valve technology is currently deployed in a diverse spectrum of markets, including oil and gas, chemical, power plants, water management, and aerospace. For more information, please visit&nbsp;<a href="https://www.clarkevalve.com/">www.clarkevalve.com</a>. For press inquiries, please email&nbsp;<a href="mailto:press@clarkevalve.com">press@clarkevalve.com</a>.

CLARKE VALVE CLOSES $5 MILLION IN SERIES D FUNDING, LED BY FLOWSERVE CORPORATION

Today, Clarke Industrial Engineering (&quot;Clarke&quot;) completed the sale of $10 million of Series B Preferred Stock to a group of investors led by Saudi Aramco Energy Ventures (&quot;SAEV&quot;). Chevron Technology Ventures (&ldquo;CTV&rdquo;) participated in the round.

Daniel Carter of SAEV US, stated, &quot;Clarke&#39;s unique Shutter Valve design provides a step change in control valve technology. We see wide ranging applications for this new type of valve in the Oil and Gas industry and beyond.&quot;

President &amp; CEO of Clarke, Kyle Daniels stated, &quot;Saudi Aramco and Chevron, as two of the world&#39;s largest companies who regularly purchase large quantities of control valves, have significant expertise in industrial valve technology. We are very honored that they recognize the value of our proprietary Shutter Valve design and have chosen to make significant investments in Clarke.&quot;

Bill Dambrackas, Clarke&#39;s Chairman, stated, &quot;There hasn&rsquo;t been much innovation in the $84 billion worldwide industrial valve market, therefore innovation is unexpected and slow to be embraced, so it&#39;s especially rewarding for us to have these prestigious industry leaders share our vision.&quot;

Other investors in Clarke&#39;s Series B Preferred Stock round include New World Angels (&quot;NWA&quot;) who was the lead investor in Clarke&#39;s Series A Preferred Stock round.

About Saudi Aramco Energy Ventures (SAEV)

Saudi Aramco Energy Ventures LLC (SAEV) is the corporate venturing subsidiary of Aramco, the world&rsquo;s leading fully integrated energy and petrochemical enterprise.&nbsp;Headquartered in Dhahran with offices in North America, Europe and Asia, SAEV&rsquo;s mission is to invest globally in start-up and high growth companies with technologies of strategic importance to Aramco.

For more information about SAEV, please visit&nbsp;<a href="http://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.saev.com&amp;esheet=51754347&amp;newsitemid=20180207005737&amp;lan=en-US&amp;anchor=www.saev.com&amp;index=1&amp;md5=288ba6b72ec1e72b696f7d636fffa2b8" target="_blank">www.saev.com</a>.

About Chevron Technology Ventures (CTV)

Chevron Technology Ventures champions innovation and integration of emerging technologies into Chevron. We pursue innovative business solutions and externally developed technologies that have the potential to improve Chevron&rsquo;s base business operations and champion their deployment and adoption into Chevron.

For more information about CTV, please visit&nbsp;<a href="http://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.chevron.com%2Ftechnology%2Ftechnology-ventures&amp;esheet=51754347&amp;newsitemid=20180207005737&amp;lan=en-US&amp;anchor=www.chevron.com%2Ftechnology%2Ftechnology-ventures&amp;index=2&amp;md5=13cd266f0ca7cd69ecd85e920fb099d5" target="_blank">www.chevron.com/technology/technology-ventures</a>.

About Clarke Industrial Engineering

Clarke Industrial Engineering is committed to revolutionizing control valves through our proprietary Shutter Valve technology, serving the $84 billion worldwide industrial valve market.

<a href="http://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.clarkeindustrialengineering.com&amp;esheet=51754347&amp;newsitemid=20180207005737&amp;lan=en-US&amp;anchor=www.clarkeindustrialengineering.com&amp;index=3&amp;md5=5208b89bde7062508abf9f8e3caa37a4&amp;_gl=1*1c90k6g*_ga*NDg3OTYwNTEwLjE2ODcyMzMzNTQ.*_ga_ZQWF70T3FK*MTY4NzIzMzM1My4xLjEuMTY4NzIzNTU3OC42MC4wLjA." target="_blank">www.clarkeindustrialengineering.com</a>

&copy;2018 Clarke Industrial Engineering. All rights reserved. Clarke Industrial Engineering and Shutter Valve are trademarks of Clarke Industrial Engineering and may be registered in the U.S. Patent and Trademark Office. All other trademarks and registered trademarks are the property of their respective owners.

Clarke Closes $10 Million Venture Round Led by Saudi Aramco Energy Ventures and Joined by Chevron

Clarke Valve today completed the sale of $5.5 million of Series B Preferred Stock to a group of investors led by OGCI Climate Investments. Along with funding from Saudi Aramco Energy Ventures and Chevron Technology Ventures, Clarke has now raised $15.5 million of Series B funding.

Clarke&rsquo;s patented Shutter Valves are typically 1/5th&nbsp;the weight, 1/5th&nbsp;the size and 1/5th&nbsp;the cost of equivalent legacy valves, providing substantial benefits to users of industrial control valves in many industries. In addition, Clarke valves are currently the only control valves in the world to achieve the stringent American Petroleum Institute (API) 641 certification for low fugitive emission performance. Fugitive emissions from legacy valve designs is the cause of significant methane emitted to the atmosphere from industrial facilities.

Pratima Rangarajan, CEO of OGCI Climate Investments, said &ldquo;We are pleased to support the Clarke team in its journey to reach a global market. We believe that the Clarke Valve technology can address fugitive methane emissions in a meaningful way.&rdquo;

Kyle Daniels, President &amp; CEO of Clarke Valve said, &quot;While our goal has always been to produce the world&rsquo;s best performing valve, an equally important goal is to minimize methane emissions. This new funding will enable Clarke to roll out its proprietary solution for reducing fugitive emissions and provide a retrofit solution for the majority of competitive valves in the marketplace. The support of OGCI Climate Investments means our leading-edge technology will gain further visibility, helping us to capture market share and reduce fugitive methane emissions from legacy valve designs.&rdquo;

Bill Dambrackas, Chairman of Clarke Valve, said, &quot;Clarke has now raised over $23 million from investors, many of which are affiliated with oil &amp; gas companies that are among the world&#39;s leading valve users and valve experts. Their choice to invest in Clarke Valve is a big vote of confidence in validating our vision. Also, many of our previous and original investors participated in this round, including New World Angels (NWA) and Ocean Azul. We continue to appreciate their support and we join them, along with Saudi Aramco Energy Ventures and Chevron Technology Ventures in welcoming OGCI Climate Investments to our team.&rdquo;

About OGCI Climate Investments

OGCI Climate Investments LLP is a billion-dollar investment fund focused on initiating practical actions to deliver solutions for a sustainable, low-emissions future. The fund invests in technologies that have the potential to significantly reduce greenhouse gas emissions, are economically viable, ready to be commercialized, and deployed at scale. It was launched in November 2016 by the Oil and Gas Climate Initiative, a voluntary initiative led by CEOs of 13 global oil and gas companies. For more information, please visit&nbsp;<a href="http://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.oilandgasclimateinitiative.com&amp;esheet=51871561&amp;newsitemid=20180925005165&amp;lan=en-US&amp;anchor=www.oilandgasclimateinitiative.com&amp;index=1&amp;md5=eab800e5216dc5810d50fa2518ed1e8e" target="_blank">www.oilandgasclimateinitiative.com</a>.

About Clarke Valve

Clarke Valve is an innovative valve design &amp; manufacturing company disrupting the industrial flow control market, utilizing advanced aerospace design techniques. The Shutter Valve is a full-bore control valve that virtually eliminates fugitive emissions. Our innovative design provides ideal attributes for industrial control valves, including unsurpassed flow rate, zero pressure drop, zero leakage, and reduced cavitation &amp; pitting, resulting in improved wear/maintenance characteristics and precise flow control. The Company&rsquo;s standard products are engineered to meet customer needs and are assembled at our headquarters in Rhode Island. For more information, please visit&nbsp;<a href="http://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.clarkevalve.com&amp;esheet=51871561&amp;newsitemid=20180925005165&amp;lan=en-US&amp;anchor=www.clarkevalve.com&amp;index=2&amp;md5=409e5a2b90eea4998401ce9e3d7b9718" target="_blank">www.clarkevalve.com</a>.

&copy;2018 Clarke Valve. All rights reserved. Clarke Valve and Shutter Valve are trademarks of Clarke Valve and may be registered in the U.S. Patent and Trademark Office. All other trademarks and registered trademarks are the property of their respective owners.

Clarke Valve Closes $5.5 Million Venture Funding Round Led by OGCI Climate Investments

Downhole technology specialist, Well-SENSE, announced today that it has secured a seven figure equity investment from Saudi Aramco Energy Ventures (SAEV), alongside its current owners, FrontRow Energy Technology Group Limited and management.

The support of SAEV as a strategic investor will help Well-SENSE accelerate the expansion of the business around the world, in particular adding the Middle East to the company&rsquo;s current North American focus. Building on a track record of successful jobs, Well-SENSE is now investing in people and infrastructure to support the commercialisation of its FiberLine Intervention (FLI) technology.

The award-winning FLI has already received international recognition as an innovation that provides an entirely new approach to well intervention. FLI uses disposable tools and bare fiber optic line to capture and transmit high definition, real-time data, which represents a fast, low cost, low risk alternative to wireline logging.

Launched to market within the past year, FLI continues to enhance its capabilities, recently introducing Active FLI &ndash; adding single point production logging measurements to distributed sensing along the fiber.

Commenting on the investment, FrontRow CEO, Stuart Ferguson said: &ldquo;We are delighted to have a proven strategic and technology investor in SAEV, working alongside us in Well-SENSE. I have worked with SAEV on other projects and have seen for myself the benefits of their hands on approach.&rdquo;

Mike Hill of Saudi Aramco Energy Ventures said: &ldquo;FLI has been recognised as having significant value potential for well intervention operations. We are very excited to be supporting Well-SENSE in this phase of FLI&rsquo;s commercialisation.&rdquo;

Appointed in 2017, Well-SENSE CEO, Craig Feherty concludes: &ldquo;Recent expansion within the North American market is just one example of the growing demand for FLI. Investment from SAEV marks the start of a major new phase for us, as we look to deploy our evolving range of intervention tools within new markets. This investment enables us to increase our capability to service new markets with a broader range of solutions and applications.&rdquo;

In addition to Well-SENSE, the FrontRow group of companies includes ClearWELL Oilfield Solutions, Well-Centric Oilfield Services and Pragma Well Technology.

Well-SENSE secures strategic investment from Saudi Aramco Energy Ventures

<a href="http://xage.com/" target="_blank">Xage</a>&nbsp;(pronounced Zage) is a startup working to keep critical infrastructure like oil and gas pipelines, water supplies and electrical grids up and running securely. Today, the company announced a $30 million Series B.

Piva led the round with participation from Momenta, Valor Equity Partners and OurCrowd, along with existing investors March Capital, City Light Capital, Saints Capital and Saudi Aramco Energy Ventures. The startup said it has raised $54 million to date.

Xage uses a bunch of complex technology to help keep critical infrastructure safe. Industrial infrastructure tends to be older and relies on fairly brittle security. Xage was designed to be a modern layer on top of that, which the company refers to as a fabric, CEO Duncan Greatwood said.

&ldquo;The fabric is a mesh of software nodes that overlays the operation to provide granular control of every digital interaction.&nbsp;It provides zero trust protection that spans operations, IT and the cloud, underpinning both cybersecurity and digital transformation,&rdquo; he said.

The solution uses digital ledger technology organized in nodes on a blockchain to limit the impact of an attack, so that getting control of one or two nodes would not compromise the entire network. But the company did not just jump on the blockchain bandwagon with the growing popularity of web3 in 2021. It has been using this technology as a way to control access since its earliest days.

&ldquo;The distributed ledger is still an important part of our software stack. It&rsquo;s part of how we achieve this no single point of failure in the Xage fabric, which is so important for protecting these exposed operational situations,&rdquo; Greatwood told me.

Over the last year, he said that companies have begun to come around to a solution like Xage, driven by the increase in ransomware attacks and growing government regulations around critical infrastructure.&nbsp;This was also driven home by the attack last year on a Florida water supply.

Those factors, along with an increase in its partner network, fueled a big rise in interest in Xage, and that drove the need to seek additional funds to staff up. &ldquo;Even with the right partners, which we have now, we still need staff to help support all of this rollout and the work that we&rsquo;re doing, both bringing the customers on and the deployments, as well,&rdquo; he said.

Today, the company has over 40 employees, a number that he said is increasing by the week. Greatwood expects to be close to 90 or more by the end of 2022. He said that from the earliest days, diversity and inclusion have been top of mind for the company. While it&rsquo;s easy to look at the obvious places like MIT and Stanford for new staff, he said the key is looking beyond that pool to find hidden gems.

&ldquo;​​What we found is that we find superstars and people with superstar potential with much less obvious backgrounds from their resumes, and we kind of grow them and help them fulfill their potential. Very often, frankly, that&rsquo;s the key to finding the right recruits who come from all kinds of different diverse backgrounds and situations,&rdquo; he said.

The other key is creating a welcoming culture, and he said that he and his team work consciously on creating a cooperative, collaborative and welcoming workplace.

&ldquo;We spend time with the team talking about how we work together, and that goes above and beyond just the task-oriented work of the day, making sure that everybody is included and supported as they develop at Xage. The first step is to recruit a diverse workforce, and the second step is to enable the diverse workforce to succeed,&rdquo; he said.

The company intends to take a hybrid approach to work as they enter 2022, with some people in the office and some fully or partially remote, depending on their needs, but he believes some work requires people sometimes being together in the same room to build software this complex.

Xage snags $30M Series B to help secure critical infrastructure

Silicon Valley-based Xage Security today announced an investment from Saudi Aramco Energy Ventures, a subsidiary of the world&rsquo;s leading integrated energy and chemicals company, Saudi Aramco. Xage also welcomes Norman Thorlakson to its leadership team as SVP of Sales and Business Development. The first and only blockchain-protected security platform for IIOT, Xage&rsquo;s security fabric creating the essential trusted foundation for in-field interactions between machines, people, apps and data. The recent funding and executive hire will drive the company&rsquo;s continued growth in the energy sector, enabling distributed IIOT deployments across oil and gas, renewables, water, wind, and more.

The investment from Saudi Aramco Energy Ventures (SAEV) is an addition to Xage&rsquo;s Series A round, bringing the total round size to over $16M.&nbsp;With an interest in improving secure operational efficiency and increasing value and production within the energy sector, the SAEV funding will support Xage&rsquo;s mission to enable industrial modernization through the development and deployment of its decentralized and scalable security fabric. Having recently launched Xage for Energy, a tamperproof solution tailored to meet the needs of connected energy networks, the company&rsquo;s work will continue to facilitate the industry&rsquo;s adoption of emerging technologies that advance the market.

&ldquo;SAEV invests in technologies and companies that represent the future of energy, and as operational networks become more connected, there&rsquo;s an opportunity to improve asset management, production, and efficiency,&rdquo; said Jim Sledzik of SAEV. &ldquo;Xage has developed an innovative approach to distributed interactions and industrial security for IIOT, and we are proud to partner with them, as they continue to grow and contribute to the evolution of the energy sector.&rdquo;

Norman Thorlakson joins as Xage&rsquo;s Senior Vice President of Sales and Business Development, where he will lead expansion of the company&rsquo;s portfolio of customers &ndash; including organizations across industries such as manufacturing, oil and gas, telecommunications, transportation, and utilities &ndash; activating IIOT networks with distributed and connected devices. Bringing a background in global business growth, spanning SaaS, IoT, and industrial software, and recently held senior roles at Schneider Electric and Invensys, Thorlakson&rsquo;s expertise in industrial operations and automated control systems will contribute to his work with companies from the energy industry.

&ldquo;Our mission is to secure all interactions involving industrial networks &ndash; whether those are between machines, apps, data, or people &ndash; to enable the next wave of connected and improved operations for global industry,&rdquo; said Xage Security CEO, Duncan Greatwood. &ldquo;The support from SAEV is a significant validator for Xage&rsquo;s solution and its impact on the energy sector, and with the addition of Norman Thorlakson to our executive team, we are extending our reach, and supporting the benefits of IIOT and industrial automation.&rdquo;

About Xage 
The Xage Security Suite is the first and only blockchain-protected security platform for the Industrial Internet of Things (IIOT). Xage creates the essential trusted foundation for secure interactions between machines, people, applications, and data. Advancing beyond traditional security models, Xage distributes authentication and private data across the network of devices, creating a tamper-proof &ldquo;fabric&rdquo; for communication, authentication and trust that ensures security at scale. Xage supports any-to-any communication, secures access to existing industrial systems, underpins continuous edge-computing operations even in the face of irregular connectivity, and gets stronger and stronger with every device added to the network. Xage customers include leaders in the largest industries, spanning energy, utilities, transportation and manufacturing.

About Saudi Aramco Energy Ventures 
Saudi Aramco Energy Ventures LLC (SAEV) is the corporate venturing subsidiary of Saudi Aramco, the world&rsquo;s leading fully integrated energy and petrochemical enterprise.&nbsp;Headquartered in Dhahran with offices in North America, Europe and Asia, SAEV&rsquo;s mission is to invest globally in start-up and high growth companies with technologies of strategic importance to its parent.&nbsp;&nbsp;

For more information about SAEV, please visit&nbsp;<a href="https://www.globenewswire.com/Tracker?data=oelliwhFzgKl64sketR2_KokbKY1DIZu8W2ctp0TnK_pjVn_zqGlyVhIZActA-Wzi0RfbBAx-K6ysmHfWI6TyA==" target="_blank">www. saev.com</a>.

Xage Security Raises Strategic Investment from Saudi Aramco Energy Ventures to Continue Momentum in Energy Sector

Lausanne, 29th of October 2021 -&nbsp;Daphne Technology, a Swiss climate tech startup addressing the Greenhouse Gas (GHG) challenge, continues to attract world leaders of the global economy. Investors in this round include Shell Ventures, Trafigura, AET, and Saudi Aramco Energy Ventures, all committed to limiting global warming.

Daphne leverages innovative technology to remove toxic and GHG emissions such as nitrogen oxides, methane and carbon dioxide from the combustion gas of any fuel type, including oil, LNG, biofuels, ammonia, and hydrogen. The plug-and-play solution breaks down the pollutants, converting them into non-hazardous by-products, which are either released into the environment or transformed into valuable products. As a result, Daphne contributes to a circular economy and a significant reduction in GHG emissions.

Why it matters:&nbsp;The transition to sustainable energy sources is fundamentally reshaping the global economy. Daphne Technology will help the transition to net-zero in the maritime and hard-to-decarbonise sectors.

<ul>
	<li>A dramatic reduction of GHG emissions is a must to meet the Paris Agreement goals and International Maritime Organization (IMO) regulations.</li>
	<li>The vision of Daphne Technology is to convert toxic and GHG pollutants such as nitrogen oxides, methane and carbon dioxide into upcycled and useful products, both at sea and on land.</li>
	<li>The company is currently pursuing commercial deployment and scaleup and is positioning its solutions in landmark projects.</li>
</ul>

Because Daphne&#39;s technology can be applied to multiple fuel types, it has the potential to make a substantial impact across the energy system.

Deal details:&nbsp;Shell Ventures led the CHF 10 million capital raise along with Trafigura. AET, and all previous investors co-invested, including Saudi Aramco Energy Ventures and the Innovation Fund. The capital raise earmarks the second round of funding since Daphne Technology spun off from the Swiss Federal Technical Institute (EPFL) in 2018.

Daphne Technology secures strategic investments from Shell Ventures, Trafigura, AET and Saudi Aramco Energy Ventures.

Daphne Technology&rsquo;s innovation reduces harmful air emissions from the exhaust of commercial marine vessels, allowing them to be compliant with current and pending International Maritime Organisation (IMO) regulations economically and sustainably. The technology transforms the pollutants into valuable by-products (agricultural fertilisers) and thus is fully circular, producing no waste. This is in contrast with current solutions that produce waste chemicals that are discharged in expensive facilities or into the ocean when allowed. Daphne provides the industry with an option to be ecological and sustainable while giving adopters a competitive edge.

 
Investors from the energy and chemicals industry

The company has closed a financing round led by Saudi Aramco Energy Ventures and joined by The Innovation Fund, a Belgian fund active in the fields of chemistry and life sciences. Important shareholders of the group include Total and Solvay. A business angel based in Valais is also among the investors.

 
Richard Riggs of SAEV Europe commented&nbsp; &ldquo;We see Daphne&rsquo;s technology as having the potential to provide significant benefits to the global shipping industry - both environmental and economic- in light of the imminent IMO 2020 regulation. We are proud to include Daphne and its team as members of the SAEV portfolio&rdquo;.&nbsp; 
 
Fran&ccedil;ois Corn&eacute;lis, Chairman of The Innovation Fund, stated: &ldquo;We consider the roll out of Daphne&rsquo;s technology as a game changer for the shipping and refining industries given the upcoming stricter IMO regulation on fuel consumption and the knock-on effects of this regulation.&rdquo;&nbsp; 
 
Industrial pilot side 
Mario Michan, CEO of Daphne Technology, commented, &ldquo;We are delighted to announce this funding round which will allow us to implement an industrial size pilot of our technology, reach certification and start commercialisation. We expect to enter the market in 2019. We look forward to working with SAEV and The Innovation Fund and leveraging their industry network.&rdquo; 
&nbsp;

About Saudi Aramco Energy Ventures

Saudi Aramco Energy Ventures LLC (SAEV) is the corporate venturing subsidiary of Aramco, the world&rsquo;s leading fully integrated energy and petrochemical enterprise. Headquartered in Dhahran (Saudi Arabia) with offices in North America, Europe and Asia, SAEV&rsquo;s mission is to invest globally in start-up and high growth companies with technologies of strategic importance to Aramco. 
 
About Innovation Fund

Created in February 2015, Innovation Fund&nbsp;invests in innovative startups and companies active in the field of chemistry and life sciences. The fund has a capital of EUR 28 million, financed for more than 60% by major companies in the sector, bringing unique industrial support value to the investment projects. The remaining 40% is held by national and regional investment funds, universities, banks and individuals. To date, the Innovation Fund has already invested in 21 companies. The Belgian fund counts&nbsp;Total and Solvay as important shareholders.

Saudi Aramco Energy Ventures leads Series A round in Daphne Technology

Aramco Ventures

Funding Deals, by Startup Growth Stage

Funding Deals, by Region

No. of Portfolio Companies

Total No. of Investments Globally, by Year

We Invest in Startups in the Following Stages

Statistics

Sectors we invest in

Top 5 sectors we invest in

Portfolio Companies
or Investments

Executive Team Members

Other Investors

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Aramco Ventures

Funding Deals, by Startup Growth Stage

Funding Deals, by Region

No. of Portfolio Companies

Total No. of Investments Globally, by Year

We Invest in Startups in the Following Stages

Statistics

Sectors we invest in

Top 5 sectors we invest in

Portfolio Companies or Investments

Executive Team Members

Other Investors

About

Legal

Social Media

Portfolio Companies
or Investments