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Seismos

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  • Seismos

    Seismos is a technology company offering completion diagnostics for the Oil and Gas industry. Seismos’ KVIEW offers the industry’s first non-invasive, direct measurement of fracture properties for real-time fracturing treatment evaluation. Seismos has applied its technology to more than 60 wells across various U.S. plays, including the Permian Basin, Eagle Ford trend, Austin Chalk formation, Haynesville/Bossier shale and DJ Basin.

    As part of their latest financing round, there is a small amount (1.1M, 4.2% of the fully diluted shares) made available to syndicate investors who would bring additional value and synergies to the company.

    To accommodate growth Seismos just closed a financing round with Quantum (see below)

    Deal Highlights:
    Financing: Seismos proudly announces the closing of an 11MM Series B with Quantum (http://www.quantumep.com/), leading Oil and Gas Private Equity group. 10M have been invested and deposited in the bank. As part of the round Seismos can allocate up to 1MM to smaller groups/angel investors
    Revenues: Running through Q4 at an annual run-rate (ARR) of 3MM, 500% growth over Q1. Current monthly invoicing is set at 250K/month. Goal for 2019-revenues is set at 5MM
    Product: Next product version (2.0) is on track for launch Q2 2019
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