Chevron Technology Ventures Catalyst Program has funded a series of Proof of Concept projects to evaluate MemComputing’s compute performance against problem sets specific to the Oil & Gas Industry.
Chevron started the Catalyst Program in August of 2017 with a focus on early-stage startup companies working on technologies that can directly benefit the oil and gas industry. The program supports innovation across the industry while helping early-stage startup companies accelerate technology development.
About Chevron Technology Ventures
Formed in 1999, Chevron Technology Ventures (CTV), operating as a division of Chevron U.S.A. Inc., pursues new business solutions and externally developed technologies that have the potential to enhance the way Chevron produces and delivers affordable, reliable and ever-cleaner energy. CTV fosters innovation, supporting vibrant startup ecosystems and championing technology integration internally. Through its investment portfolio and internal use pipeline that trials technologies for use within Chevron, CTV has supported a wide range of pioneering companies that are helping to shape the future of energy.