Overview

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Total Equity Funding
$6.76M in 7 Rounds from 8 Investors
Most Recent Funding
$15k Venture on November 20, 2015
Headquarters:
San Diego, California
Description:
GroundMetrics is a geophysical survey company that provides EM, IP and MT surveys.
Categories:
Sensor, Hardware, Software
Website:
http://www.groundmetrics.com
Social:

Company Details

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GroundMetrics, Inc is the world leader in the development of land-based EM sensing and is working with oil, gas, mining, and geothermal companies to commercialize a new class of sensor system and methods and to provide advanced survey and monitoring services worldwide. GroundMetrics, Inc. spun-out of QUASAR Federal Systems (QFS) in 2010 with an exclusive license to productize QFS’s novel electromagnetic sensor technology for resource exploration, management and production. This technology offers advanced capabilities for electromagnetic (EM), induced polarization (IP) magnetotelluric (MT), and controlled-source EM (CSEM) surveys in arid regions common in Australia, Canada, Mongolia, Mexico, the Middle East, South America and the United States. Furthermore, it improves the precision, safety and economics of Borehole-to-Surface (BSEM) surveys and is ideal for time-lapse and continuous long-term monitoring applications such as reservoir imaging and monitoring for Improved Oil Recovery (IOR) and Enhanced Oil Recovery (EOR). GroundMetrics uses its proprietary sensors, noise mitgation methods and focused-azimuth borehole transmitter technology to provide survey and monitoring services directly to energy and mining companies.

Funding Rounds (8) - $7.86M

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DateAmount / RoundValuationLead InvestorInvestors
Nov, 2015$15k / Venture1
Nov, 2015$250k / Venture1
Feb, 2015$1.1M / Debt Financing1
Feb, 2015$51k / Convertible Note1
Apr, 2014$2.73M / Series B3
Apr, 2013$1.5M / Series B5
Sep, 2012$1.2M / Series A1
Jan, 2012$1.02M / Venture1

Competitors (1)

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  • Tachyus is a data startup developing an array of sensors and mobile applications for the oil and gas industry.

Offices/Locations (1)

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  • Office

    5764 Pacific Center Blvd.

    Suite 106

    San Diego, California 92121

    United States

Images (1)

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