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Energy Tech Series B Founded 2004

Ambyint

Ambyint is an oil and gas technology company that provides an AI-powered production optimization platform for oil well management. The platform combines lightweight sensors, wireless communications, and predictive data analytics to enable oil producers to autonomously optimize well assets, increasing production while reducing costs and emissions. Ambyint offers solutions for rod lift, plunger lift, gas lift, and ESP…

📍 Calgary, Canada · Oil & Gas Tech,

Funding snapshot

Last roundSeries B
Amount$26M
Date17 November 2023
Total raised$26M
Team size62

About

Ambyint is an oil and gas technology company that provides an AI-powered production optimization platform for oil well management. The platform combines lightweight sensors, wireless communications, and predictive data analytics to enable oil producers to autonomously optimize well assets, increasing production while reducing costs and emissions. Ambyint offers solutions for rod lift, plunger lift, gas lift, and ESP well types, providing surveillance and analytics with automated reports and dashboards, anomaly detection and predictive maintenance that identifies downhole issues prior to failure, and autonomous setpoint management using physics-informed AI that classifies well optimization states and determines optimal controller setpoints. The platform manages nearly 350,000 BOE/D across its customer base, integrating with existing SCADA infrastructure and supporting all major production accounting platforms and pump off controllers. Founded in 2004 and headquartered in Calgary, Canada, Ambyint has raised approximately $26.5 million in Series B funding from investors including Mercury Fund, Montrose Lane, General Electric, Equinor, BDC, and Builders VC.

Business model

Oil & Gas Tech > Upstream > Downhole > Production > Well Control Automation

Institutional investors

Mercury Fund Montrose Lane General Electric Equinor Accelerate Fund Frontera Technology Ventures Builders VC Saints Capital Sustainable Development Technology Canada Urban Capital Network Free Radical Ventures Softeq

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