
Altira Group
205 Detroit Street, Suite 200, Denver, CO, 80206, United States
Overview
Altira is a private equity and venture capital firm that invests in advantaged oil and gas service and technology companies. Its Fund VI partners include a select group of the U.S. super-independent oil and gas companies that provide resources in the investment decision process and help accelerate the growth of the firm’s portfolio companies by serving as large customers. Headquartered in Denver, Colorado, Altira was founded in 1996 by Dirk McDermott.
- Total investments
- 12
- Lead investments
- 4
- Investments · 12mo
- 1
- Active investors
- 4
Sector focus
- Consulting
- Oil and Gas
- Venture Capital
Investment portfolio
- Mojo AI
Led · Series B · Feb 2026
Mojo AI is the creator of Safety Mojo, a voice-enabled, bilingual AI platform that centralizes safety data and provides real-time visibility into high-risk activities on complex jobsites. The software is used by large general contractors and owners, including Meta, HITT, Prologis, and Sterling Infrastructure, to coordinate hundreds of subcontractors and multilingual workforces. In fiscal year 2025, the company posted 68% growth in annual recurring revenue and a 396% surge in new-logo ARR, landing three new Fortune 500 customers. Safety Mojo is now approved for global rollouts at five Fortune 500 companies, two of which are Fortune 50 organizations. Across deployments, the system has logged more than 200 million man-hours of risk reduction and has demonstrably lowered incident rates. With data-center construction spending up 92.8% year over year, Mojo AI plans to widen its reach in data center, construction, and oil & gas markets. The fresh capital will fund product expansion and international go-to-market efforts.
- Arkestro
Led · Equity · May 2025
Arkestro operates a Predictive Procurement Platform that combines AI, behavioral science, and game theory with its patented Negotiation Science, Supplier Science, and Process Science. The platform accelerates procurement cycles, enhances supplier collaboration, and drives an average of 18.8% cost savings on every $1M of spend. Trusted by Fortune 500 manufacturers, energy companies, and global supply chain organizations, Arkestro helps procurement teams influence significantly more spend and become a proactive, results-driven function. The company has been recognized in Gartner’s 2024 Hype Cycle and as a Top Tech – Sourcing provider in Fall 2024 SolutionMap. Arkestro plans to expand its capabilities and bring predictive procurement transformation to more enterprises, with emphasis on the energy and broader industrial markets. The company recently secured new capital to accelerate its AI-powered procurement innovation and global growth. Arkestro offers a self-negotiating procurement platform that simulates procurement processes, suggests pricing and commercial terms, and automates reaching agreements with suppliers. The system combines machine learning, game theory and behavioral science to identify optimal suppliers from a global network and maintain service and supply levels. It serves manufacturing and non-manufacturing customers alike and counts Box as a customer. The company launched in 2017 (originally as BidOps), has around 50 employees, and is aggressively hiring while building a geographically diverse and remote-capable team. Arkestro maintains a major engineering hub in Atlanta and prioritizes diversity and inclusive hiring as it expands the startup and product. Led by Founder and CEO Edmund Zagorin, Bid Ops provides a cloud-based procurement automation platform that automates vendor negotiations for enterprise and public procurement teams using AI. The system creates a target price for each line item that accounts for value-based assessments of a vendor’s qualifications and likely performance on the contract. Procurement executives can use these forecasts to compare and contrast bids and obtain competitive pricing and stronger commercial relationships with growth-oriented vendor partners. The company raised $1.75M in seed funding to support its operations. Bid Ops intends to use the proceeds to continue to expand operations. The platform focuses on improving procurement outcomes through AI-driven price targets and bid comparison tools.
- IOTA Software
Led · Series A · Nov 2024
IOTA Software develops industrial and business data visualization software and offers an enterprise-scale, cloud-native visualization platform. The platform provides access to all sources of critical and dynamic business and process information to support data-driven decision-making. It delivers situational awareness capabilities for executives, production managers, and operators. IOTA's software serves customers across pharmaceutical, energy, chemical, utility, green energy, and other industries. The company is led by CEO Ivan Datskov and is based in Denver, CO. It intends to use the new funding to expand operations and accelerate development efforts.
- Seeq
Participated · Series D · Aug 2024
Seeq delivers a self-service, enterprise SaaS platform that applies advanced analytics and AI to historically unused industrial data to accelerate insights and action. The company targets verticals including energy, pharmaceutical, specialty chemical, materials, mining, and utilities to help optimize yield, margins, quality, and sustainability. Led by CEO Dr. Lisa Graham, Seeq offers solutions and services for enterprise monitoring and industrial analytics. The company has employees across the United States, Asia, Canada, Europe, and South America. Seeq raised $50M in a Series D that increased its total capital raised to $165M and intends to use the funds to expand operations and development efforts. Nari Ansari of Sixth Street Growth will join Seeq’s board as part of the round. Seeq develops software applications for analyzing and sharing insights on process manufacturing and Industrial Internet of Things (IIoT) data. Its application suite includes time-series data visualization tools that enable stakeholders to rapidly investigate, collaborate and distribute insights. The company is described as a privately held virtual company headquartered in Seattle. Seeq's products are aimed at improving operations and business outcomes for process manufacturers. Phillips 66's investment is described as providing a pathway to help Seeq grow and continue to improve its products. The article does not disclose revenue, user counts, or other operating metrics. Seeq develops advanced analytics applications that enable engineers and scientists in process manufacturing organizations to analyze, predict, collaborate, and share insights to improve production and business outcomes. Its product suite includes Workbench for advanced analytics, Organizer for publishing reports and dashboards, Data Lab for accessing Python libraries, and Cortex for IT governance, data connectivity, and calculation features. The company serves customers across oil and gas, pharmaceutical, chemical, energy, mining, food and beverage, and other process industries. Seeq sells worldwide through a global partner network of system integrators (supporting resale and training in over 25 countries) alongside direct sales in North America and Europe. It also maintains sales representation offices in Asia, Canada, Europe, and South America. Led by CEO and co-founder Steve Sliwa, Seeq plans to use new funding to accelerate development, sales, and marketing and to expand its international presence. Seeq develops analytics software for industrial manufacturers to collect and analyze data from sensors and instrument systems. It serves customers across industries including oil and gas, food and beverage, and metals and mining, enabling queries about operational conditions. The software runs both on-premise and in the cloud, and Seeq has close partnerships with Amazon Web Services and Microsoft Azure. Founded in 2012 and led by CEO Steve Sliwa, the company has about 130 employees. Seeq raised an additional $28 million in a Series B expansion, bringing total funding to date to $65 million. Cisco Investments and prior backers including Saudi Aramco Energy Ventures, Altira Group, Chevron Technology Ventures, Next47, and Siemens’ venture arm participated in the round. Seeq develops advanced analytics and visualization software used by engineers and scientists in process manufacturing and IIoT industries to rapidly analyze, predict, and share operational insights. Its core product, Seeq Workbench, connects to on‑premise systems and cloud data including AWS and Microsoft Azure, and the company offers SaaS and on‑premise deployments. Seeq integrates with numerous automation and historian vendors and lists customers across oil & gas, pharma, chemicals, energy, mining, and food & beverage. The company says its customer base spans more than 40 countries and deployments have been as large as 5,000 users within a single company. Seeq plans to use the new funding to accelerate development, expand sales and marketing, and increase its international presence. Recent product work includes release R22 with expanded structured data support and enhanced machine‑learning integration.
- ThoughtTrace
Participated · Series B · May 2020
ThoughtTrace offers an AI-powered Document Intelligence platform that reads, organizes, and surfaces information in contracts and documents. Led by CEO Nick Vandivere and based in Houston, the technology is trained by subject-matter experts. The company’s initial product was released in 2017 serving the domestic energy sector and it has grown year-over-year while expanding energy offerings and entering new vertical markets. Today ThoughtTrace serves industries including manufacturing, real estate, technology, legal, finance, telecommunications, oil and gas, and renewable energy. The company intends to use the new funding to accelerate investment in creating AI with speed and accuracy, grow strategic partnerships and platform integrations, and expand its team of professionals.