Applied Computing’s $20M Bet on AI for Oil and Gas

Industrial oil and gas plant representing new AI for oil and gas software

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A fresh $20 million Series A round is putting the spotlight back on industrial software, and this time the target is one of the oldest sectors around. Applied Computing wants to build an AI for oil and gas that can understand an entire plant, not just a single piece of equipment. The company’s pitch centers on a foundation model trained specifically for oil, gas, and petrochemical operations, a niche that has historically been underserved by mainstream tech tools.

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Originally reported by techcrunch.com.