Well drilling software publisher raises $2 million to increase drilling profitability “up to 5 times”
Geosteering Technologies (also known as Geonavigation Technologies or GTI), a Russian developer of software solutions for well drilling, has raised $2 million in a Series B round of funding. The round was led by AYR, a Moscow-based private equity and financial advisory firm, with participation from North Energy Ventures and Phystech Ventures, an earlier investor in the company. The deal, …