Telemetry Insightdata
AI-powered analytics for remote pumpjack monitoring and control.
| Date | Investors | Amount | Round |
|---|---|---|---|
$1.5m | Seed | ||
| Total Funding | 000k | ||
Telemetry Insight Inc. is a data analytics company founded in 2021 by serial entrepreneur Randy Krall and officially launched in Albuquerque, New Mexico, in 2022. The company focuses on the energy sector, specifically providing telemetry solutions for pumpjack management in the upstream oil and gas industry. Krall, with a background in engineering and experience in the energy and tech industries since 2004, established the company to offer a new approach to managing pumpjacks.
The company's core product is WellTempo, an IoT hardware and software solution that provides remote monitoring, control, and pump-off detection for oil and gas operators. This system collects high-resolution data on pumpjack motion and performance, which is then distributed to clients through a proprietary dashboard and daily reports. The collected data is also used for machine learning to develop future applications. The technology aims to increase productivity, prevent equipment failure, and improve operational efficiency for its clients, which include mid-sized operators. The business model appears to be subscription-based, offering the WellTempo service for a daily fee, which provides a significant return on investment by saving clients time and money.
After closing a seed funding round in late 2022, the company expanded its engineering team and enhanced its technology. Milestones include filing a patent application, deploying units across eight states including Texas, New Mexico, and California, and achieving daily use of their system as a key operational tool for clients. Telemetry Insight manufactures the WellTempo units in-house and has developed a cloud platform and data analytics capabilities to support its services.
Keywords: pumpjack monitoring, oil and gas, data analytics, remote well control, energy technology, IoT, artificial intelligence, predictive maintenance, operational efficiency, upstream oil and gas, WellTempo, telemetry solutions, asset monitoring, pump off detection, energy infrastructure, production optimization, hardware, software as a service, equipment failure prevention, intelligent data management