What is Tachyus?
Founded in 2014, Tachyus is at the forefront of enhancing operational efficiency within the oil and gas industry. Its flagship platform, Aqueon, leverages proprietary Data Physics engine technology to optimize waterflood operations, leading to increased production and reduced operational costs and greenhouse gas emissions for energy operators. The company has expanded Aqueon's capabilities to include CO2 Enhanced Oil Recovery (EOR) optimization, with adoption by major U.S. operators. Tachyus has also made significant inroads into the ESG space with Aurion, a comprehensive software solution designed for estimating, forecasting, optimizing, and reporting greenhouse gas emissions, serving over 20 clients across the U.S., Middle East, and Latin America.
How much funding has Tachyus raised?
Tachyus has raised a total of $35.7M across 4 funding rounds:
Other Financing Round
$528K
Angel/Seed
$7.2M
Series A
$13M
Series B
$15M
Other Financing Round (2013): $528K with participation from Slow Ventures
Angel/Seed (2014): $7.2M led by Founders Fund, Formation8, Caffeinated Capital, and Streamlined Ventures
Series A (2015): $13M supported by Streamlined Ventures, Caffeinated Capital, Founders Fund, and Focus.vc
Series B (2019): $15M featuring Cottonwood Venture Partners
Key Investors in Tachyus
Founders Fund
Founders Fund is a venture capital firm that invests in companies across all sectors and stages, known for backing transformative ventures like SpaceX and Palantir. They offer a founder-friendly approach, providing significant support with minimal interference.
Formation8
Formation8 is a venture capital firm focused on smart enterprise and energy technology, providing operational expertise to help its portfolio companies achieve global scale.
Cottonwood Venture Partners
Cottonwood Venture Partners is a venture capital firm that operates within the private equity sector, focusing on investments in technology and energy-related companies.
What's next for Tachyus?
The recent major strategic investment signals Tachyus's robust position and future growth trajectory. With its expanded Aqueon platform for CO2 EOR and its established presence in the ESG software market through Aurion, the company is well-positioned to capitalize on the increasing demand for operational efficiency and emissions management solutions in the energy sector. This latest backing is expected to fuel further innovation, market penetration, and the scaling of its offerings to meet global energy transition needs.
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