Oil Industry Vets Back Oil Data Startup Tachyus With M

ENLARGE Dakin Sloss is cofounder and CEO of Tachyus. Photo: Tachyus By Tomio Geron Tomio Geron The Wall Street Journal CANCEL Biography @tomiogeron geron.tomio tomio.geron@wsj.com Oct. 12, 2016 7:30 a.m. ET 0 COMMENTS Many Silicon Valley startups look to create new markets, but startup Tachyus is targeting a longstanding industry: oil. San Mateo, Calif.-based Tachyus uses its machine learning software to help oil companies increase production and decrease costs. Tachyus has raised $5 million in new financing from strategic investors, including the family office of the Schlumberger SLB -0.31 % heirs; Jeri Egan, former chief financial officer of Shell Oil Co.; and Haystack Partners. Ms. Eagan, who has also been on the board of Marine Spill Response Corp. and BPZ Energy, has joined Tachyus’s board. Existing investors Founders Fund, Streamlined…

Link to Full Article: Oil Industry Vets Back Oil Data Startup Tachyus With M

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