Clarke Closes $10 Million Venture Round Led by Saudi Aramco Energy Ventures and Joined by Chevron
Today, Clarke Industrial Engineering ("Clarke") completed the sale of $10 million of Series B Preferred Stock to a group of investors led by Saudi Aramco Energy Ventures ("SAEV"). Chevron Technology Ventures (“CTV”) participated in the round.
Daniel Carter of SAEV US, stated, "Clarke's unique Shutter Valve design provides a step change in control valve technology. We see wide ranging applications for this new type of valve in the Oil and Gas industry and beyond."
President & CEO of Clarke, Kyle Daniels stated, "Saudi Aramco and Chevron, as two of the world's largest companies who regularly purchase large quantities of control valves, have significant expertise in industrial valve technology. We are very honored that they recognize the value of our proprietary Shutter Valve design and have chosen to make significant investments in Clarke."
Bill Dambrackas, Clarke's Chairman, stated, "There hasn’t been much innovation in the $84 billion worldwide industrial valve market, therefore innovation is unexpected and slow to be embraced, so it's especially rewarding for us to have these prestigious industry leaders share our vision."
Other investors in Clarke's Series B Preferred Stock round include New World Angels ("NWA") who was the lead investor in Clarke's Series A Preferred Stock round.
About Saudi Aramco Energy Ventures (SAEV)
Saudi Aramco Energy Ventures LLC (SAEV) is the corporate venturing subsidiary of Aramco, the world’s leading fully integrated energy and petrochemical enterprise. Headquartered in Dhahran with offices in North America, Europe and Asia, SAEV’s mission is to invest globally in start-up and high growth companies with technologies of strategic importance to Aramco.
For more information about SAEV, please visit www.saev.com .
About Chevron Technology Ventures (CTV)
Chevron Technology Ventures champions innovation and integration of emerging technologies into Chevron. We pursue innovative business solutions and externally developed technologies that have the potential to improve Chevron’s base business operations and champion their deployment and adoption into Chevron.
For more information about CTV, please visit www.chevron.com/technology/technology-ventures .
About Clarke Industrial Engineering
Clarke Industrial Engineering is committed to revolutionizing control valves through our proprietary Shutter Valve technology, serving the $84 billion worldwide industrial valve market.
©2018 Clarke Industrial Engineering. All rights reserved. Clarke Industrial Engineering and Shutter Valve are trademarks of Clarke Industrial Engineering and may be registered in the U.S. Patent and Trademark Office. All other trademarks and registered trademarks are the property of their respective owners.
Clarke Industrial Engineering
Mark Kacer, +1 (401) 667-7880
Information om Business Wire
101 California Street, 20th Floor
CA 94111 San Francisco
Følg pressemeddelelser fra Business Wire
Skriv dig op her og modtag pressemeddelelser på mail. Indtast din mail, klik på abonner og følg instruktionerne i den udsendte mail.
Flere pressemeddelelser fra Business Wire
HCL-TECHNOLOGIES16.8.2018 21:04 | pressemeddelelse
Manchester United Shoots for Success with a “Digital Experience Platform” Powered by HCL
IBC16.8.2018 19:43 | pressemeddelelse
4K 4Charity Fun Run Announces Open Registration for IBC2018
AIAS/D.I.C.E.-CANNES16.8.2018 16:03 | pressemeddelelse
2018 D.I.C.E. Cannes Announced Round 3 Speakers
GN-HEARING16.8.2018 15:02 | pressemeddelelse
GN Hearing and Google Announce Partnership to Bring Direct Mobile Streaming from Android Devices to Hearing Aids
CA-GUIDEWIRE-SOFTWARE16.8.2018 14:57 | pressemeddelelse
Zurich Expands Global Use of Guidewire InsurancePlatform with Selection of Guidewire Cyence Risk Analytics
CA-SCIENTIST.COM16.8.2018 14:08 | pressemeddelelse
Scientist.com Named One of America’s Ten Fastest-Growing Private Companies by Inc. Magazine
I vores nyhedsrum kan du læse alle vores pressemeddelelser, tilgå materiale i form af billeder og dokumenter, og finde vores kontaktoplysninger.Besøg vores nyhedsrum