Altira Group LLC
Founded in 1997, Altira is a veteran venture capital firm with deep roots and a proven track record in energy technology investing. With more than 85 years of collective experience and seven raised funds, Altira brings capital, strategic expertise, operational support, and industry networks to its portfolio companies. The firm is well regarded for accelerating energy-tech innovation and sustainable growth. IOTA Software joins a curated roster that includes Seeq, Arkestro, and FlexGen. This highlights Altira’s commitment to scaling companies at the intersection of energy and digital transformation.
Second Avenue Partners
Second Avenue Partners, based in Seattle, provides more than just capital. They offer early-stage companies a foundation of strategic support and mentorship. Since its founding in 2000 by Nick Hanauer, Pete Higgins, and Mike Slade, the firm has built a reputation for partnering with visionary teams across software, energy, internet, and consumer sectors. IOTA Software is proud to be among their portfolio, joining distinguished peers such as Seeq Corp and Market Leader. These companies have benefited from Second Avenue’s deep engagement and long-term backing.
Aramco Ventures
As the corporate venture arm of global energy leader Aramco, Aramco Ventures manages multiple multi-billion dollar funds, including the Sustainability, Digital and Industrial, and Prosperity7 funds. They invest across the capital stack, from early seed rounds to growth-stage funding, and support disruptive companies that align with Aramco’s ambitions for energy transition, digital innovation, and long-term diversification. Beyond funding, they offer access to markets across Saudi Arabia and the broader MENA region. Their in-house technical, operational, and business development resources further strengthen opportunities for growth and collaboration.
Devon Technology Ventures
Devon Technology Ventures, the venture arm of Devon Energy, is committed to advancing energy technology innovation. Devon Energy is a major U.S. hydrocarbon producer with strong operations across the Delaware Basin, Eagle Ford, and Rocky Mountain basins. Backed by a disciplined capital allocation framework and more than $2.89 billion in 2024 net income, Devon combines operational expertise with financial strength. Their venture group supports startups through strategic funding and potential operational partnerships. This provides IOTA Software with opportunities to explore energy-sector applications and collaborations.
Oxy Technology Ventures
Oxy Technology Ventures, the corporate innovation arm of Occidental Petroleum, drives investment into transformative technologies that align with Oxy’s broader strategy for sustainability and industrial advancement. Although less publicly profiled than some corporate venture groups, OTV is dedicated to supporting early-stage companies with strategic capital and access to global energy expertise. As partners, they bring the advantage of operational insights and potential collaborations with Oxy’s industrial infrastructure. This provides a significant springboard for emerging firms such as IOTA Software.
Seeq Corporation
Seeq played a pivotal role in helping IOTA Software raise its seed round through their incubator program, which demonstrates alignment with their vision and capabilities. Seeq is a leader in advanced industrial analytics, AI, and data visualization. They empower organizations across industries to derive actionable insights from time-series data in near real time. Through their incubator, Seeq provided IOTA Software with funding, technical expertise, and credibility. This support helped fuel early momentum and validation for our company.
