How Much Did SeekOps Raise?
Funding & Key Investors

SeekOps, a provider of emissions inspection services for the oil and gas sector, has secured significant capital, with its total funding reaching $14.8M and its most recent financing round amounting to $14M. This major strategic investment underscores the company's pivotal role in addressing environmental compliance and operational efficiency within the energy industry.

The company's funding trajectory, marked by a recent Series B round, indicates a phase of scaling and market expansion. The substantial backing positions SeekOps to further enhance its proprietary methane sensing technology and expand its reach in both domestic and global markets.

What is SeekOps?

SeekOps
Business ServicesResearch & Development

Founded in 2017 and headquartered in Austin, Texas, SeekOps specializes in delivering low-cost, accurate, and efficient emissions inspection services to oil and gas companies. The company leverages expertise in small unmanned aerial systems (UAS) combined with its proprietary methane sensing technology to provide industry-leading services for leak detection, localization, and quantification. SeekOps serves a diverse clientele, including major oil corporations and gas utility companies across the United States and internationally, addressing critical needs for environmental monitoring and regulatory compliance.

How much funding has SeekOps raised?

SeekOps has raised a total of $14.8M across 3 funding rounds:

2020

Debt

$350K

2021

Debt

$419K

Series B

$14M

Debt (2020): $350K with participation from PPP

Debt (2021): $419K led by PPP

Series B (2021): $14M supported by OGCI Climate Investments, SLB, Caterpillar Venture Capital, and Equinor Ventures

Key Investors in SeekOps

SLB

SLB is a global technology company focused on enabling access to energy while advancing solutions that support a lower-carbon future. The organization operates at the intersection of energy innovation and industrial technology, helping energy producers explore, develop, and manage resources more efficiently and responsibly. Its mission is centered on improving energy availability for global needs while supporting the transition toward more sustainable and environmentally conscious energy systems.

OGCI Climate Investments

OGCI Climate Investments is a venture capital fund focused on investing in technologies that reduce greenhouse gas emissions, particularly within the oil and gas sector. Their investments typically support innovative solutions aimed at climate change mitigation and energy transition.

Caterpillar Venture Capital

Caterpillar Venture Capital is the corporate venture capital arm of Caterpillar Inc., focusing on investments in companies that develop innovative technologies and solutions relevant to the construction, mining, and energy industries. They often seek technologies that enhance efficiency, sustainability, and operational performance.

What's next for SeekOps?

With the recent major strategic investment, SeekOps is poised for accelerated growth and technological advancement. The company's focus on providing essential emissions inspection services to the oil and gas industry, a sector undergoing significant scrutiny regarding environmental impact, positions it for sustained demand. Future developments are likely to involve the enhancement of its UAS and methane sensing capabilities, expanding its service offerings, and solidifying its market leadership. This capital infusion will enable SeekOps to further innovate and scale its operations, reinforcing its commitment to providing efficient and accurate solutions for environmental compliance in the energy sector.

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Frequently Asked Questions Regarding SeekOps Financial Insights

What are the most recent funding rounds that SeekOps has completed, and what were the funding rounds?
SeekOps has recently completed 3 funding rounds: Series B on Jul 1, 2021, Debt on Feb 3, 2021, Debt on Apr 28, 2020.
What is the total amount of funding SeekOps has raised to date?
SeekOps has raised a total of $14.8M in funding to date.
How many funding rounds has SeekOps completed?
SeekOps has completed 3 funding rounds.
How much funding did SeekOps raise in its most recent funding round?
SeekOps raised $14M in its most recent funding round.
Who are the lead investors in SeekOps's latest funding round?
The lead investor in SeekOps's latest funding round was OGCI Climate Investments. To access investor data and explore similar companies, sign up for ZoomInfo.
Which was the largest funding round in SeekOps's history?
The largest funding round in SeekOps's history was $14M.
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