What is Sourcewater?
Sourcewater, founded in 2014 and emerging from MITs Energy Ventures program, is headquartered in Houston, Texas. The company specializes in oilfield water intelligence, leveraging a diverse data ecosystem that includes its online water marketplace, proprietary satellite imagery analytics, government databases, market research, and IoT sensors. This integrated approach allows Sourcewater to generate precise geospatial insights crucial for understanding and navigating the complexities of oilfield water markets. The company's operations are geared towards providing critical data for strategic decision-making within the energy sector.
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 Marubeni and Bison Technologies
Debt (2020): $150K supported by PPP
Debt (2021): $296K featuring PPP
Key Investors in Sourcewater
Marubeni
Marubeni Corporation is a prominent Japanese integrated trading and investment conglomerate with broad interests across various sectors including energy, metals, and infrastructure, suggesting a strategic alignment with Sourcewater's market.
Bison Technologies
Bison Technologies is an entity that has participated in Sourcewater's funding rounds, indicating a potential focus on technology investments within the energy sector.
PPP
Public-Private Partnership
What's next for Sourcewater?
With the recent major strategic investment and substantial overall capital, Sourcewater is poised for accelerated growth and enhanced service offerings. The company's focus on data-driven intelligence for oilfield water management positions it to capitalize on increasing industry demands for efficiency and environmental compliance. Future developments are likely to involve expanding its data acquisition capabilities, refining its analytical tools, and potentially broadening its market reach within the energy sector, further solidifying its role as a key player in oilfield water intelligence.
See full Sourcewater company page
