Houston, Texas, has long been known as a hub for the energy industry, but the city is quickly establishing itself as a center for tech innovation. Recently, closed a $143M Series A funding round, led by Hall Capital, which will allow the company to expand its operations and bring new technology solutions to market.
Founded in 2020 by former Oxy Low Carbon Ventures President Richard Jackson, 98m is a technology company that specializes in creating solutions for the energy industry. The company’s focus is on developing technology to make the energy sector more sustainable and efficient, with a particular focus on reducing carbon emissions.
With this new funding, 98m plans to accelerate the development of its proprietary technology and expand its team. The company is already working with some of the biggest names in the energy industry, including ExxonMobil, Chevron, and Shell. These partnerships have allowed 98m to gain valuable insights into the challenges facing the energy industry and develop solutions to address them.
One area where 98m is making a significant impact is in the development of carbon capture technology. Carbon capture is seen as a key solution to reducing carbon emissions, and 98m’s technology has the potential to make it more cost-effective and efficient. By capturing carbon emissions at the source, the company’s technology can help companies reduce their carbon footprint and comply with emissions regulations.
Another area where 98m is innovating is in the use of data analytics. The company has developed a platform that allows energy companies to analyze data in real-time, providing valuable insights into the performance of their operations. This technology has the potential to save energy companies millions of dollars by optimizing their operations and reducing downtime.
In addition to its work in carbon capture and data analytics, houstonbased 98m series 143mhalltechcrunch is also exploring other areas of innovation, such as the use of drones for inspections and the development of new materials for energy production. The company’s focus on innovation and sustainability has attracted the attention of investors, including Hall Capital.
Hall Capital is a venture capital firm that specializes in investing in technology companies that have the potential to disrupt traditional industries. The firm’s investment in 98m is a testament to the potential of the company’s technology to transform the energy industry.
The $143M funding round is one of the largest Series A funding rounds ever raised by a Houston-based company. It is also one of the largest Series A funding rounds raised by any energy-focused technology company. The funding will allow 98m to continue its rapid growth and bring new solutions to market.
As Houston continues to evolve as a center for tech innovation, companies like 98m are leading the way. With its focus on sustainability and innovation, 98m is poised to make a significant impact on the energy industry and help drive the transition to a more sustainable future.
In conclusion, the recent $143M Series A funding round raised by houstonbased 98m series 143mhalltechcrunch is a testament to the potential of the company’s technology to transform the energy industry. The company’s focus on sustainability and innovation has attracted the attention of investors, including Hall Capital, and is helping to establish Houston as a center for tech innovation. With its technology solutions for carbon capture, data analytics, and more, 98m is poised to make a significant impact on the energy industry and help drive the transition to a more sustainable future.