What is Sourcewater?
Sourcewater operates an online water marketplace and leverages advanced analytics, including proprietary satellite imagery, government databases, market research, and IoT sensors, to generate critical geospatial insights into oilfield water markets. Founded in 2014 from MITs Energy Ventures program, the company has established itself as a key player in providing data-driven intelligence for the oil and gas industry, focusing on water management and optimization. Its unique approach integrates diverse data streams to offer a holistic view of water-related activities in oilfield operations.
How much funding has Sourcewater raised?
Sourcewater has raised a total of $8.1M across 4 funding rounds:
Debt
$500K
Series A
$7.2M
Debt
$150K
Debt
$296K
Debt (2017): $500K, investors not publicly disclosed
Series A (2019): $7.2M led by Bison Technologies and Marubeni
Debt (2020): $150K supported by PPP
Debt (2021): $296K featuring PPP
Key Investors in Sourcewater
Marubeni
Marubeni Corporation is a major Japanese integrated trading and investment business conglomerate that handles products and provides services in a broad range of sectors, including energy and infrastructure. Their investment in Sourcewater likely aligns with their strategic focus on energy markets and sustainable resource management.
Bison Technologies
Bison Technologies is an entity that has participated in Sourcewater's funding rounds. Further details on their specific investment focus are not publicly available.
PPP
Public-Private Partnership
What's next for Sourcewater?
With its recent strategic investment and substantial overall funding, Sourcewater is poised for accelerated growth and market expansion. The company is likely to enhance its technological infrastructure, further develop its data analytics capabilities, and potentially broaden its service offerings to address evolving industry needs. This enterprise-level backing suggests a strong market validation and confidence in Sourcewater's business model and its capacity to drive innovation in oilfield water intelligence. Future developments may include strategic partnerships and further integration of advanced technologies to maintain its competitive edge.
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