Oilfield water management company Sourcewater secured series A funding from backers including Marubeni and Bison having launched from MIT’s Energy Ventures program in 2014.
Sourcewater, a US-based oilfield water management intelligence provider aligned with Massachusetts Institute of Technology (MIT), completed a $7.2m series A round on Wednesday led by Bison Technologies, a subsidiary of energy services provider Bison.
Diversified conglomerate Marubeni took part in the round, together with unnamed family offices connected with the energy industry.
Sourcewater provides oil and gas producers with geospatial data-driven market intelligence concerning the water supplies used for their operations, covering areas such as water logistics, recycling…
