Edison Partners and AI-driven Seismos team to drive energy industry’s digital future

Edison Partners

Princeton-based Edison Partners and Seismos on Wednesday announced a new $15 million growth investment to enable and accelerate the energy industry’s shift from analog-focused exploration and production to technology-driven, digital infrastructure and autonomous production operations.

Austin, Texas-based Seismos provides sensors and software that can detect and analyze sound reflected from thousands of miles into oil-and-gas wells to help producers design operations, such as shale hydraulic fracturing.

This growth equity investment will support Seismos’ expansion across its existing oil and gas industry base and into new verticals, such as geothermal and mining that are similarly embracing modern digital infrastructure solutions.

“The new energy age involves all forms of generation in an equilibrium supported by modern technology,” Panos Adamopoulos, founder and CEO of Seismos, said. “Oil and gas markets are moving to a state of autonomous, intelligent, AI-driven operations. With Edison, we’ve partnered with a great operating team to help us grow exponentially as this modernization takes hold.”

With its artificial intelligence-powered acoustic sensing, Seismos is revolutionizing the energy sector with efficient, innovative technology that delivers real-time, actionable intelligence. The company’s proprietary AI technology enables rapid, continuous insights and predictive monitoring for quality control that can create up to 10 times production improvements and cost savings for operators.

“Seismos is leading the evolution of the digital oil field. With a unique, verticalized technology platform and scalable low-cost solution, they’ve created a new market category. Combined with the passion of founder Panos Adamopoulos and expertise of this leadership team, the company fits squarely within Edison’s investment theme of digitizing critical infrastructure, attacking some of the energy industry’s biggest challenges,” Ryan Ziegler, general partner at Edison Partners, said.

While more sources of renewable energy, such as solar and wind power, continue to grow, primary global energy sources include a mix ranging from renewables, to oil and natural gas, and will be driven by increasing global demand that will extend until at least 2050. The company’s use cases and applications are very compelling to both core energy producers and the global energy transition industry at large.