Rock Flow Dynamics (RFD), a Moscow, Russia-based company that develops software for the petroleum industry, has received a US$2m Series A financing from Intel Capital.
Rock Flow Dynamics Raises $2M from Intel Capital
The company intends to use the proceeds from investment to expand sales and marketing operations worldwide, starting with the opening of a representative office in Houston, Texas. In addition, the two companies have also entered into a business collaboration agreement focusing on working together to optimizing and marketing RFD solution on Intel Architectures.
Established in 2005, Rock Flow Dynamics develops tNavigator, a high performance modeling software for dynamic simulations of hydrocarbon underground reservoirs. Current customers include international oil and gas production majors from Russia and China.