September 2008

Ingrain Closes Second Round of Funding
Houston (September 26, 2008) – Houston-based rock physics company, Ingrain, has secured a second round of funding totaling $15 million to advance the deployment of its unprecedented digital reservoir rock property measurement technology. The collaborative raise was completed by international investors including Energy Ventures, Shoaibi Group, Klaveness Invest AS, Kommunal Landspensjonskasse (KLP), and Stanford University, as well as three members of Ingrain’s leadership team. 

“This funding will allow Ingrain to bring a truly game-changing technology to the oil and gas marketplace,” said Henrique Tono, Ingrain’s CEO. “With the support of our investors, we are providing energy companies with the tools they require to effectively identify promising reserves and produce them faster and more efficiently.”