radient360, which offers data analytics platforms for the energy sector, announced that it has received $3.3 million in seed funding from Build Ventures and Killick Capital.
The St. John’s-based company plans on using the funding to grow its sales and product development teams, and to open a new office in Calgary, Alberta.
“As a young company, we have made great progress to reach this point in our development. With this round of funding and the support of the bright minds at Build Ventures and Killick Capital, we expect to continue that success as we expand our operations,” said Steve Taylor, CEO of radient360.
The company’s cloud-based platforms help oil and gas companies keep track of operations like structural integrity, electrical equipment, and pressure valves. The company has operational implementation within oil and gas operators, and is presently pursuing the first international deployment of its technology.
“radient360 has built a strong foundation in Newfoundland and Labrador’s oil and gas sector. Now they can take that insight and expertise into new markets around the world. We see great things ahead for radient360,” said Mark Dobbin, president and founder of Killick Capital.