BP invests $20m into AI startup Beyond Limits to transform oil and gas exploration ZDNet
Beyond Limits, which is commercialising technology used by NASA and the US Department of Defence, has announced securing $20 million from sole investor BP Ventures. The Series B round brings the total amount raised by the Pasadena, California-based artificial intelligence company to $25.5 million. Developed in the labs of NASA's Caltech deep space program, Beyond Limits' AI software is 20 years in the making. The company said the technology has been "battle tested in deep space where there is zero margin for error" and is subsequently a lot faster than other AI technology in the market. "It has been used in NASA for diagnostics of the NASA deep space network, for optimisation of Mars missions, and has even helped discover a weather model by tracking dust build and wind storm activity based on Mars rover battery and solar panel performance," Beyond Limits' CEO AJ Abdallat told ZDNet.
Jun-8-2017, 10:15:13 GMT
- Country:
- North America > United States > California > Los Angeles County > Pasadena (0.26)
- Industry:
- Energy > Oil & Gas (1.00)
- Government
- Technology: