Oil Industry Vets Back Oil Data Startup Tachyus With M

ENLARGE Dakin Sloss is cofounder and CEO of Tachyus. Photo: Tachyus By Tomio Geron Tomio Geron The Wall Street Journal CANCEL Biography @tomiogeron geron.tomio tomio.geron@wsj.com Oct. 12, 2016 7:30 a.m. ET 0 COMMENTS Many Silicon Valley startups look to create new markets, but startup Tachyus is targeting a longstanding industry: oil. San Mateo, Calif.-based Tachyus uses its machine learning software to help oil companies increase production and decrease costs. Tachyus has raised $5 million in new financing from strategic investors, including the family office of the Schlumberger SLB -0.31 % heirs; Jeri Egan, former chief financial officer of Shell Oil Co.; and Haystack Partners. Ms. Eagan, who has also been on the board of Marine Spill Response Corp. and BPZ Energy, has joined Tachyus’s board. Existing investors Founders Fund, Streamlined…


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