PETROLERN

company

About

PETROLERN LLC is a leading-edge technology company working on subsurface solutions for carbon storage, geothermal and oil and gas projects.

  • 1 - 10

Details

Last Funding Type
Grant
Last Funding Money Raised
$0.90M
Industries
Clean Energy,Energy,Oil and Gas
Founded date
Jan 1, 2012
Number Of Employee
1 - 10
Operating Status
Active

PETROLERN LLC is a leading-edge technology company working on subsurface solutions for carbon storage, geothermal and oil and gas projects. It conducts cutting edge R&D and executes global service projects to increase its clients' profitability yet minimizing their environmental footprint. Petrolern’s mission is to apply the knowledge and learnings from the oil and gas industry to accelerate movement toward cleaner energy sources. We envision this by optimization and real-time monitoring of subsurface operations using advanced sensor technologies and artificial intelligence.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
5
$2.30M
PETROLERN has raised a total of $2.30M in funding over 2 rounds. Their latest funding was raised on Sep 7, 2022 from a Grant round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
Sep 7, 2022 Grant $0.90M 1 US Department of Energy Detail
May 24, 2022 Grant 1 US Department of Energy Detail
Mar 23, 2022 Grant $255.96K 1 National Science Foundation Detail
Jan 11, 2022 Grant 1 US Department of Energy Detail
Apr 1, 2021 Grant $1.15M 1 US Department of Energy Detail

Investors

Number of Lead Investors
Number of Investors
5
2
PETROLERN is funded by 2 investors. US Department of Energy and National Science Foundation are the most recent investors.
Investor Name Lead Investor Funding Round
US Department of Energy Yes Grant
National Science Foundation Yes Grant