Validere, a Calgary and Toronto, Canada- and Houston, US-based oil and gas IoT and artificial intelligence platform provider, raised $7m in seed funding.
The round was led by Sallyport Investments, with participation from
– Y Combinator,
– Real Ventures,
– Moment Ventures, and
The company intends to use the funds to accelerate its US expansion and further the development of its platform.
Founded in 2015 by Dr. Ian Burgess and Nouman Ahmad, Validere provides an AI & IoT powered platform giving oil & gas organizations tool to optimize critical blending, logistics, and trading decisions.
The company completed IoT and AI platform deployments with large Canadian oil and gas clients and recently expanded into the US market by opening a Houston office.