Andium

Series B will enable Andium to scale its remote field monitoring platform, which already reduces operating costs by up to 45 percent and cuts greenhouse gas emissions by up to 65 percent for global energy companies.

Industrial software and hardware combined, bringing a level of local visibility, intelligence, and security to remote oil and gas site locations like never before.

Saudi venture capital firms are accelerating regional innovation by deploying significant capital into startups. Aramco Ventures leads with investments from its New York-based hub, while other local VCs expand their portfolios through strategic funding initiatives. The moves reflect growing confidence in Saudi Arabia’s startup ecosystem and its role in fostering technological and economic growth.

Nov 2024Global Financial Market ReviewNews article

Andium secures $21.7 million in Series B funding to expand its IoT-based remote field monitoring platform. The solution helps energy companies track emissions and lower operational costs in real time. Founded in 2014, the New York-based startup targets decarbonization through digital monitoring tools.

Oct 2024ESG TodayNews article

Andium secures $21.7 million in Series B funding from Aramco Ventures to expand its remote field monitoring platform. The platform already lowers operating costs by up to 45% and reduces greenhouse gas emissions by up to 65% for global energy firms. This funding will accelerate scaling of the solution.

Oct 2024PR NewswireNews article

Andium secures investment from leading oil companies to develop remote monitoring solutions for oil and gas well emissions. The startup specializes in tracking emissions from oil fields using advanced technology. This funding supports its expansion in the energy sector’s sustainability efforts.

Apr 2021TechCrunchNews article