Slim Leads $37 Million in New Funds to WellAware Software MakerPatricia Laya
Carlos Slim, the world’s second-richest man, and former U.S. Vice President Dick Cheney are among investors behind $37 million in new funding for Texas-based energy software developer WellAware.
WellAware’s software, introduced in October, enables users to remotely keep track of what is happening with wells and pipelines in real time, helping reduce costs and increase the efficiency of oil fields, the San Antonio-based company said in a statement today. Slim and private-equity firm Activant Capital Group LLC co-led the new funding from investors that also include Ed Whitacre, former chief executive officer of AT&T Inc. and General Motors Co.
“Their involvement will significantly help drive our success as we focus on helping our customers increase production, profits and safety by transforming the way energy assets are managed,” WellAware CEO Matt Harrison said in the statement.
Slim, who controls mobile phone operator America Movil SAB, recently reported a 9.3 percent stake in Atara Biotherapeutics Inc., a California-based kidney-disease therapy developer that filed for an initial public offering last week.
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