This week Houston-based blockchain startup
Data Gumbo announced it has raised a $6 million Series A round co-led by Saudi Aramco Energy Ventures and Equinor Technology Ventures. It brings the total company funding to $9.3 million.
“We enabled the first application of blockchain technology in the offshore drilling industry and will continue to break new ground with applications of BaaS to improve the bottom line of companies of all sizes,” said Andrew Bruce, Data Gumbo’s CEO. “Blockchain will have a major impact on the oil and gas industry – and all global industries – and we will lead the charge in its broad adoption for sweeping operational improvements.”
He continued: “The partnership with Equinor and Saudi Aramco, and their associated supply chains and partnerships will provide the momentum for the Data Gumbo BaaS network to gain critical mass.”
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