Applied Computing Raises $20M for Oil and Gas AI Model

Applied Computing Raises $20M for Oil and Gas AI Model

Applied Computing, a London-based startup developing an AI foundation model for the oil, gas and petrochemical industry, has raised $20 million in Series A funding. The round was led by engineering giant KBR, with participation from Databricks Ventures. Founded in 2023, Applied Computing is building AI technology designed to help energy companies make better use of the vast amounts of data generated across industrial facilities. The startup is focused on oil, gas, refining and petrochemical systems, where a single plant can contain thousands of sensors monitoring conditions such as temperature, pressure, velocity and viscosity. Applied Computing targets a fragmented industrial data problem Industrial facilities already generate enormous volumes of operational data. However, bringing that information together remains a major challenge for energy companies. According to Applied Computing co-founder and CEO Callum Adamson, operators make decisions using less than 8% of the data available to …