Omni Water Solutions, Inc., an Austin, Texas-based provider of automated mobile water systems for water treatment and re-use, has secured $4m in equity financing.
The round was led by Austin Ventures.
The company intends to use the funds to expand the reach for its HIPPO® product.
In addition to the funding, Marc Rowland, joined the company’s Board of Directors. Mr. Rowland has spent 35 years in the oil and gas industry and currently manages Infinity Resources, an exploration and production company. He served as the CEO of FTS International, Inc., was the CFO of Chesapeake Energy Corporation from 1993 to 2010. He also serves on several public, private, and non-profit boards in oil and gas, banking, and the arts community.
Led by Warren Sumner, CEO, Omni Water Solutions specializes in developing and deploying mobile water treatment platforms for water re-use. Through its patent-pending Octozone™ automation technology, Omni’s platforms provides real-time sense and respond automation that enables oil and gas operators to treat and re-use produced water. After treatment through the platform, the water can be re-used in subsequent wells instead of lost to disposal.
FinSMEs
22/04/2013