Kairos Aerospace, a Mountain View, CA-based identifier of oilfield methane leaks and emissions, closed a $26m Series C-1 funding.
The round was led by DCVC with participation from returning investors OGCI Climate Investments, John Crane, a Smith Group company, and Energy Innovation Capital (EIC).
The company intends to use the funds to expand its workforce and instrument fleet to support its operations and sales, and develop new instruments that will increase sensitivity and improve the utility of data for its customers.
Led by Steve Deiker, co-founder and CEO, Kairos Aerospace provides large-scale, aerial monitoring of methane emissions to oil and gas operators across North America. Using methane detection algorithms and proprietary sensor hardware, Kairos’ capabilities to conduct basin-wide aerial surveys identify material methane leaks of all sizes, which it pinpoints on the map with its patented fusion of infrared data, GPS and aerial photography. Kairos then provides discreet and actionable insights to its clients in the oil and gas industry so they can quickly fix the leaks.
In 2020, Kairos flew over 288,000 miles in two countries across eight oilfield basins, surveying 12,000 square miles of oilfields, including 96,000 active wells and 48,000 miles of pipelines.
FinSMEs
17/08/2021