OGCI Climate Investments
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Andium Secures $15 Million in Series A Funding Round Led by OGCI Climate Investments
Andium, Inc., an expert in Industrial Internet of Things (IIOT) remote-field monitoring and communications technologies, announced the close of a $15 million Series A investment round led by OGCI Climate Investments. Existing Andium investors Tom Miglis, former Chief Information Officer of Citadel, and Talis Capital, also participated in the round.
The new financing round will continue to drive product growth and innovation, support strategic investment in talent, and enable Andium to accelerate the deployment of its proprietary Video Solutions product lines for flare monitoring, tank telemetry, and object detection.
Using a revolutionary end-to-end Operating System, Andium’s monitoring products provide oil and gas companies with verifiable, real-time information from remote locations at a fraction of the cost of other solutions. Turning monitoring, especially of flares, into an automated, digital process is a game changer for emission reductions and the achievement of environmental, social and governance goals (ESG).