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Andium Inc. provides an end-to-end industrial IoT platform for the oil and gas industry to enable remote monitoring and automation. Its offerings include tank telemetry for remote fluid level visualization and flare emissions monitoring to detect excessive flaring, smoke, or pilot outage events, supporting regulatory compliance such as Method 22. The platform also delivers field connectivity with high-speed internet at the wellhead and employs AI-powered automation through Andium InSite, a smart camera system that monitors wellsites in real time to deliver actionable insights. Andium’s business model combines hardware and software in integrated solutions sold to energy companies. The company’s focus on methane reduction aligns with regulatory concerns and industry goals, and funding support (a $21.7 million Series B led by Aramco Ventures) underscores its aim to help customers reduce greenhouse gas emissions and improve operational efficiency and compliance.
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Industries
Data & Analytics
Industrial & Manufacturing
Energy
AI & Machine Learning
Company Size
11-50
Company Stage
Late Stage VC
Total Funding
$49.2M
Headquarters
New York City, New York
Founded
2013
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Total Funding
$49.2M
Meets
Industry Average
Funded Over
7 Rounds
Company Equity
Bapco Energies, through its new venture arm BeVentures, has made its first strategic investment in Andium, a company specializing in real-time methane detection and emissions monitoring. This investment marks the launch of Bapco Energies' corporate venture platform, highlighting its commitment to supporting global innovation for decarbonization.
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We're working on gathering enough insights on this company, check back soon!
Industries
Data & Analytics
Industrial & Manufacturing
Energy
AI & Machine Learning
Company Size
11-50
Company Stage
Late Stage VC
Total Funding
$49.2M
Headquarters
New York City, New York
Founded
2013
Find jobs on Simplify and start your career today