Rock Flow Dynamics Raises $2M from Intel Capital

Published On November 20, 2010 |

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.

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.
FinSMEs
20/11/2010

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