Tachyus is a Houston-based technology company that provides data-driven production optimization software for the oil and gas industry. Its SaaS platform lets reservoir and production engineers use historical production data to build predictive models of flow in producing fields. Operators then optimize production parameters to maximize economic outcomes such as net present value or to minimize operating costs. The company, founded in 2014 by CEO Paul Orland, has customers in Argentina, Europe and Asia. Tachyus closed a $15M Series B financing led by Cottonwood Venture Partners. It intends to use the funds to reach customers and accelerate delivery of new technology to improve clients' business performance. Tachyus builds a platform to help producers optimize production across challenging onshore environments, including Enhanced Oil Recovery and shale fracking. The company is based in Los Altos, CA. According to the article, Tachyus closed a Series A round reported at $13 million led by Founders Fund. Other investors named in the report include Streamlined Ventures, Caffeinated Capital, StartX and Focus.vc. The article headline referenced $7.2M, creating a discrepancy with the $13M figure cited in the body. No operating metrics or use-of-proceeds details were disclosed in the article. Tachyus is a Palo Alto, CA-based provider of a platform to optimize energy production for the oil and gas industry. Its platform offers measurement, alerts, management, analysis and reporting tools aimed at improving energy production. The company was co-founded by Paul Orland (Chief Technology Officer), Francisco LePort (Chief Science Officer) and Dakin Sloss (Chief Executive Officer). Tachyus raised $6m in funding in a round led by Founders Fund with participation from Streamlined Ventures, Caffeinated Capital and Formation 8. The article notes the company is hiring. No revenue or user metrics are provided in the article.

Total raised

$34M

Funding rounds

3

Latest round

Series B

Latest activity

May 2019