Datagration
The business, the turning points, and the decisions behind them.
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Sections to complete:02 · 05
01 / WHAT IT BUILT
What the company did
Datagration Solutions was a Houston-based energy data integration company launched in late 2020 by veterans Peter Bernard, Jorge Machnizh and Ike Epley. Its flagship product, PetroVisor, was an open-architecture SaaS platform that aggregated and integrated data from disparate legacy systems - engineering, geological, financial, accounting and production data - into one cloud-based 'single version of the truth,' with built-in workflows for real-time analytics, portfolio management, asset development and machine learning for upstream oil and gas operators.
02 / FAILURE REASONS
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03 / EVENT HISTORY
Events in the structured record
- Launched and $11M round
Datagration launched in late 2020 and raised an $11 million equity round led by Quantum Energy Partners and Global Reserve Group to build out the PetroVisor platform.
- Additional financing
Datagration closed additional equity financing led by Houston-based EIV Capital, with all major existing investors including Quantum Energy Partners' Innovation Fund participating, to advance PetroVisor and expand sales and customer success.
- Origem Energia partnership
Datagration signed a three-year commercial agreement with Brazil's Origem Energia to deploy AI and machine learning across its oil and gas assets, expanding PetroVisor to all of Origem's producing assets.
- Still active
No shutdown announcement, bankruptcy filing or acquisition was found in public sources; the company's most recent public activity (2023 partnership) indicates continued operations.
04 / CONTEMPORARY REBUILD ASSESSMENT
Difficulty of rebuilding this project today
Material for this section is being gathered and checked. It will appear here once ready.
Overall assessment: Not completed
05 / CAUSAL CHAIN / AFTERMATH
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