# Tachyus Corporation

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/tachyus

- Industry: Software
- Headquarters: Houston, US
- Website: www.tachyus.com
- Total disclosed funding: $36M
- Latest round: Series B (May 20, 2019)
- Investors on record: 8

## About

Tachyus Corporation offers advanced data-driven solutions for the oil and gas industry, focusing on operational optimization and minimizing greenhouse gas emissions through innovative software platforms.Founded in 2013 in Berkeley, California, Tachyus Corporation specializes in data solutions that enhance oil and gas operations. The founders, Francisco LePort, Pallav Sarma, and Paul Orland, established the firm, which has since completed 5 investment deals. The most recent deal occurred on May 20, 2019, when the company raised USD 15 mn in Series B funding led by Montrose Lane. The total amount raised by Tachyus is USD 15 mn.Tachyus provides advanced data-driven solutions primarily targeting the oil and gas industry, focusing on optimizing operations while minimizing greenhouse gas (GHG) emissions. The company’s core offerings include proprietary modeling software that integrates machine learning, physics, and data analytics, facilitating rapid optimization of waterfloods, CO2 floods, gas injection, and primary production. Their flagship platform, Aurion, allows companies to account for, monitor, forecast, and report GHG emissions to regulatory bodies, streamlining compliance processes. Tachyus serves a diverse client base, including over 50 customers in 20 countries, enhancing efficiency and sustainability across industries such as oil and gas, medical, utilities, manufacturing, construction, and technology.Tachyus operates on a business-to-business (B2B) model, primarily engaging in partnerships within the oil and gas sector. Transactions are structured around licensing their proprietary technology and software solutions, with clients entering into subscription agreements for ongoing access and support. The Aurion platform and other optimization tools follow a tiered pricing plan tailored to each client’s operational needs and data volume. The company’s revenue streams are supported by its ability to offer customized solutions and continuous improvements, ensuring clients gain significant operational insights and efficiencies from their investments.In May 2019, Tachyus Corporation raised USD 15 mn in Series B funding led by Montrose Lane. The company will utilize this funding to reach more customers, develop new technology, and expand its platform. Future plans include the design and launch of new products aimed at enhancing their service offerings, as well as geographic expansion into additional markets, which will further enhance their operational reach and client base.

## Funding rounds

- Series B, May 20, 2019, $15M — Montrose Lane
- Series A, May 15, 2015, $14M — Focus Ventures, Founders Fund, Caffeinated Capital, Streamlined Ventures, StartX, Cota Capital
- Series A, Dec 1, 2014, $1.2M — Founders Fund
- Series A, Mar 31, 2014, $6M — Founders Fund, Formation8, Caffeinated Capital, Streamlined Ventures

## Investors

- Founders Fund (https://capitalatlas.ai/funds/founders-fund) — Series A
- Formation8 (https://capitalatlas.ai/funds/formation8) — Series A
- Caffeinated Capital (https://capitalatlas.ai/funds/caffeinated-capital) — Series A
- Streamlined Ventures (https://capitalatlas.ai/funds/streamlined-ventures) — Series A
- Focus Ventures (https://capitalatlas.ai/funds/focus-ventures) — Series A
- StartX — Series A
- Cota Capital (https://capitalatlas.ai/funds/cota-capital) — Series A
- Montrose Lane (https://capitalatlas.ai/funds/montrose-lane) — Series B