
Applied Computing has raised a $20M Series A to build a foundation AI model for the oil, gas and petrochemical industry.
A startup has built an AI model designed to analyze entire oil and gas facilities by combining sensor data, physics-based calculations, and language processing to predict how a plant will operate. The model matters because energy facilities currently make decisions using less than 8 percent of the data available to them, as they struggle to integrate sensor readings, engineering documentation, and scientific principles quickly enough. The startup claims its model can complete investigations and simulations in minutes that previously took days or weeks, potentially helping operators reduce energy use and maintain output. The company recently raised funding and has already deployed its model at several large energy companies, though it faces competition from established industrial software suppliers and other AI startups.

TerraFirma’s semi-autonomous excavator at work. | Source: TerraFirma TerraFirma this week raised $115 million in Series A funding. The startup said the investment will enable it to expand its engineering, manufacturing, operations, and construction teams, as well as to continue developing its semi-autonomous heavy equipment. “Construction is the foundation everything else is built on, and it’s been going backward for 50 years,” said Noah Schochet, co-founder and CEO of TerraFirma. “America built

Drawing on more than a decade spent helping build some of the world's most influential AI systems, including research that later informed the development of ChatGPT, Andrew Dai explains why he believes visual AI is one of the next major frontiers in artificial intelligence.

The deal, which was rumored to be in the works last year, marks an important step for Apple's AI ambitions in a key market.
Want to go deeper than the news? Explore live, cohort-based AI courses taught by practitioners.
Browse AI courses on Maven