Mercia Fund Managers is a venture capital fund manager with two funds totalling £12.8 million under management. Mercia Fund Managers focuses its efforts on the West Midlands region and benefits from a mixture of public- and private-sector fund investors. Mercia Fund Managers provides venture capital for early-stage technology start-ups that are located in the West Midlands. Potential investees must demonstrate their potential for rapid growth and will possess a strong proprietary position with respect to their technology, intellectual property, and products. Mercia Fund Managers is based in central Birmingham and is regulated by the Financial Services Authority. The company is also a member of the British Private Equity and Venture Capital Association. Mercia Fund Managers will typically make an initial investment offer of between £50,000 and £250,000 of venture capital, but has the capacity to follow its money at subsequent investment rounds, up to an overall limit of £1 million of venture capital per company. Later rounds of financing will usually involve syndication with other venture capital investors, often from outside of the West Midlands.

Mercia Fund Managers

Innovate U.K. is a NPO that offers funding services to support science and technology innovations. The organization offers services and information on births, deaths, marriages, business, self-employed, childcare, parenting, citizenship, law, disabled persons, transportation, education, environment, housing, money, tax, travel, immigration, and jobs. Innovate U.K. is based in Swindon.

Innovate UK

MEIF Proof-of-Concept & Early Stage Fund is a venture capital fund co-managed by Mercia Asset Management and British Business Bank. They focus on investments in the software industry.

MEIF Proof-of-Concept & Early Stage Fund

Saudi Aramco Energy Ventures is the  corporate venture capital arm of Aramco Oil Company. It's mission is to invest globally into start-up and high growth companies with technologies of strategic importance to Saudi Aramco, and to accelerate their development and deployment in Saudi Aramco’s operations. Based out of Dhahran (Saudi Arabia), SAEV also operates through regional offices in North America and Europe.  SAEV's Objectives are:  - Enhance reserve identification, management and production - Increase energy production - Improve operational efficiency - Increase value in downstream processes - Optimize energy & water consumption in Saudi Arabia SAEV's investment Focus Areas are:  - Upstream Oil & Gas - Downstream & Petrochemicals - Sustainability - Digitalization and IR4.0 - New Drivers of Hydrocarbon Demand

Saudi Aramco Energy Ventures

Dow manufactures and sells chemicals, plastic materials, and agricultural services. They deliver products and services to customers in electronics, water, energy, coatings, and agriculture. They specialize in materials science to deliver solutions for customers in packaging, infrastructure, and consumer care.

Aramco Ventures is a venture capital investment firm that invests in start-ups and technologies that have strategic relevance to Aramco's business, with the ability to scale and disrupt.

Aramco Ventures

Kanoo Ventures

CorrosionRADAR

CorrosionRADAR is on a mission to support the Industry 4.0 by enabling predictive corrosion management. By using cutting edge technologies from its patent pending distributed sensing technology to Industrial Internet of Things (IIOT) and advanced analytics, the CorrosionRADAR team is creating a game-changing solution for tackling corrosion management.

CorrosionRADAR designed and supplied the world's longest range Corrosion Under Insulation (CUI) monitoring technology in 2022 for pipelines, refineries, and other applications. The patented system enabled the transition from manual inspections to automated monitoring and from reactive to predictive corrosion management. Earlier detection aided in corrosion prevention, lowering costs and risks. The technology continuously monitored, detected, and localized corrosion and moisture under any insulation type, even in inaccessible and inhospitable locations. It was compatible with assets having complex geometries and operating in extreme temperatures.

Antea and CorrosionRADAR Announce Technology Collaboration

Fueling the future: Tech powering the oil and gas value chain

Oil & Gas Tech

CorrosionRADAR Raises £5M in Series B Funding

CorrosionRADAR designed and supplied the world's longest range Corrosion Under Insulation (CUI) monitoring technology in 2022 for pipelines, refineries, and other applications. The patented system enabled the transition from manual inspections to automated monitoring and from reactive to predictive corrosion management. Earlier detection aided in corrosion prevention, lowering costs and risks. The technology continuously monitored, detected, and localized corrosion and moisture under any insulation type, even in inaccessible and inhospitable locations. It was compatible with assets having complex geometries and operating in extreme temperatures.
Key customers and partnerships
In February 2023, CorrosionRADAR announced a technology collaboration with Antea, a global leader in risk-based asset integrity management (AIM) software with 3D digital twin capabilities. The partnership integrated CorrosionRADAR's real-time corrosion monitoring technology with Antea's AIM and inspection data management software (IDMS) with risk-based inspection (RBI) capabilities. This enabled predictive corrosion management for operators in the process and oil and gas industries, reducing inspection and maintenance costs by up to 65%, decreasing the likelihood of unplanned shutdowns, and significantly increasing the efficacy of inspection plans. Additionally, Antea's contextualized digital twin visualizations allowed operators to remotely monitor the external corrosion status of their assets in near real-time.

2DA is a company that offers a product called Bayzyen to optimize the petroleum liquids supply chain. The company aims to address the challenges faced by companies in accurately tracking and valuing their inventories of crude and refined products, both in transit and in terminals.
The traditional approach to scheduling and tracking these commodities has been hindered by disparate systems, differing transaction views, and a lack of integration across various platforms such as pipeline bulletin boards, enterprise resource planning (ERP) systems, energy trading and risk management (ETRM) systems, spreadsheets, and production tracking tools. This has made it difficult for companies to obtain a clear and timely view of their physical positions, hampering their ability to optimize operations and trading activities.
Recognizing these difficulties, 2DA developed Bayzyen to improve the value of available data in the energy space. The product likely leverages advanced analytics and data integration capabilities to provide companies with a unified and real-time view of their inventories, enabling more efficient scheduling, tracking, and optimization of their petroleum liquids supply chain operations.
Key customers and partnerships
The sources provided do not contain explicit information about 2DA's key customers, user statistics, or notable partnerships. Therefore, this section cannot be included due to a lack of relevant details.

2DA Analytics

Axon4D Technologies is a technology and services company focused on providing monitoring solutions for large external floating roof (EFR) and internal floating roof (IFR) storage tanks. The company deploys a patented Fiber Optic Sensing System (FOSS) around these tanks to enable near real-time monitoring of various operational parameters.
Axon4D's key product offerings include floating roof level and tilt monitoring coupled with tank fill level tracking to pinpoint potential asset integrity issues. The system also provides wet sensing capabilities to detect presence of water or hydrocarbons in the annular pontoons of floating roofs. Additionally, it can sense ponding on the tank roofs. The data is presented through a secure web portal accessible from any device.
By providing real-time insights, Axon4D's technology aims to drive operational excellence through improved asset integrity monitoring, reduced operational costs of up to 30%, decreased risk via better monitoring, reduced emissions and downtime, and enabling more predictive maintenance. In comparison to traditional point-in-time visual inspections, the company's continuous monitoring approach can provide 85% reduced field time requirements.
As of August 2017, the company highlighted specific benefits such as enabling near real-time data collection, continuous monitoring, proactive issue identification before problems arise, and automated settlement checks at any time through its proprietary API and EPA-oriented structural monitoring technology.

Axon4D Technologies

Beyond Limits is an American company founded in 2014 that specializes in providing cutting-edge artificial intelligence (AI) solutions. The company's proprietary Hybrid AI technology combines traditional numeric AI tools like machine learning and neural networks with symbolic AI techniques, enabling human-like reasoning and overcoming the limitations of conventional AI solutions.
Beyond Limits' AI models are trained on extensive datasets and industry expert knowledge to deliver in-depth insights, sophisticated explanations, and recommendations that mimic human cognitive processes. This groundbreaking technology helps businesses across industries such as oil & gas, manufacturing, energy, utilities, and healthcare to foresee potential problems, diagnose issues, and recommend effective solutions.
Unlike traditional data analysis methods, Beyond Limits' technology interprets data in context, offering nuanced, reliable, and actionable insights. This innovative approach empowers businesses with a new breed of AI-driven solutions. In March 2022, Beyond Limits acquired Altec Products, Inc., a leading provider of integrated document management and workflow solutions, to accelerate product growth and drive digital transformation.
Key customers and partnerships
Beyond Limits has established strategic partnerships and integrations focused on digital transformation and AI-readiness across key sectors worldwide. In the Asia Pacific region, the company formed a collaboration with Infosys Compaz to offer its Cognitive AI solutions alongside Infosys Compaz's digital services to over 2,000 customers. Additionally, Beyond Limits signed a Memorandum of Understanding with Kaplan Higher Education Institute to promote AI and data science talent development in Singapore.

Beyond Limits

Cortex is a company that provides a blockchain-enabled platform to facilitate secure and transparent data sharing among internet of Things (IoT) devices and network partners across industries. The company's core offering is a decentralized ledger system that enables permissioned network members to exchange IoT data without the need for central control or management. This approach eliminates the risks of data tampering, fraud, and cyber-crime, while ensuring the highest levels of security, performance, and stability.
Cortex's platform leverages blockchain technology to store an immutable and transparent record of all data transactions, allowing network participants to collaborate with confidence. The company's solution aims to reduce the time, cost, and risks associated with managing sensitive information by providing an auditable trail for regulatory compliance, contract management, identity management, and citizen services.
Cortex's business model revolves around enabling enterprises to unlock new value streams by monetizing IoT data securely and transparently within their partner ecosystems. The company's mission is to disrupt industries globally by rewriting the rules and changing the way the world works through the adoption of its blockchain-enabled data-sharing platform.
In November 2023, Arm introduced the Cortex-M52, a new microcontroller core featuring Arm Helium technology designed to bring AI capabilities to smaller and lower-cost IoT devices than what is possible with SoCs based on the Arm Cortex-M55 core. The Cortex-M52 provides a simplified migration path from previous Arm Cortex-M generations for applications in sectors like automotive, industrial control, predictive maintenance, and wearable sensor fusion.
Key customers and partnerships
In November 2022, Cortex partnered with Alcatel Lucent Enterprise to develop an innovative digital workplace using the latter's teleconferencing solution, Rainbow, as a backbone. The partnership aimed to create an open, versatile, inclusive, scalable, and privacy-aware extended reality (XR) framework for remote cooperation, facilitating activities involving physical interaction with remote objects.

Cortex

Hardware and software solutions leveraging robotics, AI, sensors, Big Data, and drones to automate and enhance the oil and gas field exploration, extraction, and drilling processes.

Platforms for monitoring pipeline networks, oil and gas wells, and storage tanks, utilizing AI, sensors, and aerial imagery for data-driven decision-making and optimization.

Solutions utilizing advanced analytics and real-time data to predict operational outcomes, optimize schedules, and deploy predictive maintenance strategies to improve operational efficiency and minimize cost.

Solutions that use technologies like quantum sensing and electromagnetic tech for the detection and containment of gas leaks and oil spills, ensuring environmental protection.

Solutions specializing in safely storing and transporting oil and gas through the use of camera systems, sensor technology, AUVs, and ROVs, with a focus on inspection, explosion risk detection, and efficient delivery.

Operators of marketplaces that connect players across the oil and gas industry, facilitating trading, price tracking, and the buying, selling, and leasing of oil rights.

AI, IoT, and Big Data used to remotely operate fields and manage them

Robots used to remotely operate fields and manage them

Building digital twins to monitor and manage oil rigs (a limited number of companies such as IBM)

Platforms and solutions to develop sustainable processes across the oil and gas value chain

Supply chain transparency with regard to the distribution of oil and gas

CorrosionRADAR

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