Ambyint is a Calgary based start-up company who delivers an Artificial Intelligence (AI) driven automation and analytics solution for artificial lift optimization that builds on traditional physics-based techniques. Ambyint offers a seamless and proprietary IIoT (Industrial Internet of Things) solution for artificial lift monitoring and optimization through an integrated end-to-end technology.
Unique Value Proposition: Using their technology Statoil intends to automate diagnosis, automatically adjust operating parameters, and predict failures, resulting in improved production and reduced LOE (>20%).
STI's Contribution: Funding, commercialization support, technical and commercial advice.
Year of Investment: 2017
Location: Houston, USA; Calgary, Canada