What is SeekOps?
Founded in 2017 and headquartered in Austin, Texas, SeekOps specializes in delivering low-cost, accurate, and efficient emissions inspection services. The company leverages advanced expertise in small unmanned aerial systems (UAS) combined with proprietary methane sensing technology. This unique combination enables SeekOps to provide industry-leading services for leak detection, localization, and quantification, serving major oil and gas corporations and gas utility companies both domestically and internationally. SeekOps' solutions are critical for helping the energy sector meet increasingly stringent environmental regulations and reduce operational risks associated with fugitive emissions.
How much funding has SeekOps raised?
SeekOps has raised a total of $14.8M across 3 funding rounds:
Debt
$350K
Debt
$419K
Series B
$14M
Debt (2020): $350K with participation from PPP
Debt (2021): $419K led by PPP
Series B (2021): $14M supported by Caterpillar Venture Capital, SLB, Equinor Ventures, and OGCI Climate Investments
Key Investors in SeekOps
Caterpillar Venture Capital
Caterpillar Venture Capital is an investment arm focused on supporting companies that enhance Caterpillar's products, services, and manufacturing processes, likely with an interest in industrial technology and sustainability solutions.
SLB
SLB (formerly Schlumberger) is a global technology company providing comprehensive solutions to the energy industry, with a strong focus on innovation in oil and gas exploration, production, and environmental services.
Equinor Ventures
Equinor Ventures is the corporate venture capital arm of Equinor, an energy company, investing in innovative technologies and solutions that support the energy transition and sustainable energy production.
What's next for SeekOps?
With the recent Series B financing and substantial overall investment, SeekOps is strategically positioned for significant expansion. The company is likely to focus on scaling its operations to meet growing market demand for its advanced emissions monitoring solutions. Further investment may be directed towards enhancing its proprietary sensor technology, expanding its UAS fleet, and broadening its service reach into new geographic markets. The involvement of strategic investors such as Caterpillar Venture Capital and SLB suggests a focus on integrating SeekOps' technology into larger industrial ecosystems and driving innovation in environmental monitoring within the energy sector.
See full SeekOps company page
