WellAware, a San Antonio, Texas-based end-to-end remote monitoring and predictive analytics platform for oilfield intelligence, secured an additional $37m of growth equity funding.
The round was co-led by Activant Capital Group and Carlos Slim, with participation from strategic investors and WellAware board members Mr. Ed Whitacre Jr., and Mr. Dick Cheney, former Vice President of the United States and former Chairman & CEO of Halliburton.
The company intends to use the funds to further expand its solution.
Led by Matt Harrison, Co-Founder and CEO, WellAware provides a cloud-based platform for oilfield data collection, storage, visualization, mobility, and predictive analytics. It strategically deploys automation equipment, operates data-driven and reliable networks across key shale basins, and feeds data to the software platform.