Ambyint – a leading provider of AI-powered production and artificial lift optimization software for the energy industry – recently announced the successful closure of its latest capital round and relocation of its head office to Calgary, Alberta.
The funding round was led by existing investors Mercury and Montrose Lane, plus new investors BDC Capital and Accelerate Fund III. And this capital will be focused on accelerating customer growth, increasing our sophisticated energy and tech talent, and optimizing product enhancements, including expanding the company’s proven emissions mitigation capabilities.
Ambyint leads the industry with its production optimization capabilities and rapidly adds sustainability and emissions-related functionality to its platform. And this includes the ability to quantify and mitigate both carbon dioxide and methane emissions, contributing to a more sustainable energy industry.
KEY QUOTES:
“We have the wind in our sails and are extremely proud to see this transaction close. This investment allows us to double down on the energy market and further our AI-enabled optimization platform. Validation from our customers, talented employees, and investors is most welcome as we continue to scale.”
“Given the uncertainty in the venture capital market, attracting new investors like BDC Capital and Accelerate Fund III, who have followed Ambyint’s journey for several years, demonstrates how far we have come and the exciting future ahead of us.”
– Benjamin Kemp, CEO of Ambyint
“We have had the benefit of seeing the Ambyint platform and team develop over the past six years. We believe they are now poised to dramatically expand their industry footprint and improve customer emissions.”
– Mercury Managing Director Adrian Fortino, an investor since 2017
“Utilizing advanced AI, Ambyint is addressing a significant opportunity in upstream oil and gas by increasing production while reducing GHG emissions. They are leading the charge between their impressive technological progress and respected, industry-leading customers. We believe Ambyint’s AI software will be the standard operating procedure in this sector.”
– Joseph Regan, Managing Partner from BDC Capital’s Innovation Venture Fund
