Market & RegulationInvestment · $20M
Applied Computing raises $20M for AI in oil and gas
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Why it matters
- →Applied Computing's AI model could revolutionize data analysis in the oil and gas industry by integrating diverse data sources in real-time.
- →The startup's rapid growth and partnerships with major industry players highlight its potential impact on operational efficiency.
- →The $20 million funding will enable further expansion and development, positioning the company as a significant player in industrial AI solutions.
Applied Computing, a startup based in London, has secured $20 million in Series A funding led by KBR, with participation from Databricks Ventures. The company is developing Orbital, an AI model for the oil, gas, and petrochemical industries that integrates sensor data with physics and chemistry to predict facility states and simulate operational changes. This innovation aims to enhance decision-making speed, reducing analysis time from days to seconds. With this funding, Applied Computing plans to expand internationally and strengthen its research and engineering teams.
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