Tachyus raises $7.2M in Series A

What does Tachyus do?

Tachyus, is a data startup which is developing an array of mobile apps and sensors for the oil and gas industry. It creates technology for optimizing energy production for the oil and gas industry. This company unites analytics software and sensore which measure real time data for increasing production, reducing lease operating experiences and boosting profits. Tachyus team has deep software engineering, data science and hardware design experience from building California Common Sense , OpenGoy and Tesla’s battery safety, World’s most advanced neutrino detector and Visual Studio.

How much Tachyus was funded?

Tachyus raised $ 13 M in Series A funding on June 1^st, 2015 from Struck Capital, Streamlined Ventures and Founders Fund

Previous funding

• $528kin Debt Financing on May 1, 2013
• $7.2Min Venture round on April 10, 2014 from Huron River Ventures, Founders Fund, Jake Zeller, Streamlined Ventures, Caffeinated Capital and Formation 8

What is next for Tachyus?

This data startup plans to use its latest funds for expanding its workforce from 30 to 40 people in the coming couple of years.

The startup uses data collection and analysis for improving the production processes of oil and gas companies. The company is also working on production monitoring using mobile applications. . For now its products are lined up for testing the prospective clients.

More about Tachyus

Tachyus was founded in 2013 by Dakin Sloss, Paul Orland and Francisco Leport. It has its headquarters in San Mateo, CA. It helps producers in optimizing the production across the challenging onshore environments which includes shale fracking and Enhanced Oil Recovery. It creates technology for optimizing the energy technology in the oil and gas industry. Producers of  oil and gas require reinvention of themselves as data companies and Tachyus is the startup which delivers this end to end technology which makes it possible.