Technology | 2016.02.18
Motive Drilling Technologies Announces $10.5 Million Series A Funding with Formation 8 and GE Ventures
DALLAS--(BUSINESS WIRE)--Motive Drilling Technologies, the rapidly growing drilling decision-automation company, today announced a $10.5 million Series A funding round led by California based investors Formation 8 and GE Ventures. Funding will be used to expand deployment of Motive Drilling Technologies’ directional drilling Bit Guidance System. With Motive, directional drilling decisions are driven by algorithms that leverage data analytics, real time drilling dynamics and economic modeling. T
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