SCF Ventures leads an investment round of growth equity into Ruths.ai, a software suite enabling analytics and data science across the oil and gas value chain.
HOUSTON – October 11th, 2018 – SCF Ventures is proud to announce a growth equity investment in Ruths Analytics and Innovation (“Ruths.ai”). In an effort to increase service efficiency and well productivity, oil and gas operators are collecting more data than ever before. Ruths.ai allows industry users to visualize and learn from disparate data sources using a powerful combination of analytics and industry expertise.
After earning a Computer Science Ph.D. from Rice University, Dr. Troy Ruths founded Ruths.ai in 2013. Since that time, the company has expanded across the United States and Canada: analyzing reserves, drilling, completions, and production data. “With this investment, we will be able to accelerate the deployment of Petro.ai, a seamless combination of big data, data science, and chat into one cohesive interface,” reports Dr. Ruths.
SCF Ventures is an early stage investment vehicle within SCF Partners, focused on new products and technologies in the energy service sector. SCF Ventures provides differentiated capital to young oilfield service companies.