Puloli Secures New Funding to Accelerate Growth in Affordable Methane Monitoring
SAN FRANCISCO, Nov. 1, 2024 – Puloli, Inc., a trailblazer in providing affordable methane monitoring solutions at scale, announced today the successful completion of its second round of funding. This latest investment round sees a group of new investors joining forces with existing supporters, demonstrating strong confidence in Puloli’s vision and innovative approach. The funding follows an initial closing in August and an additional closing in October.
“We extend a warm welcome to our new investors,” stated Kethees Ketheesan, CEO of Puloli. “The enthusiastic response from the investment community is a testament to the impact we’re making at Puloli. This new round of financing arrives at the perfect time as we accelerate our growth plans.”
Puloli has been making significant strides, expanding its reach into new basins this year. Building upon the successful commercial launch of its Paradigm M-Series in Eagle Ford last year, the company has conducted extensive real-world testing, generating substantial demand across various regions. The recent capital raise will enable Puloli to solidify its position as the industry leader in delivering affordable, end-to-end monitoring solutions at scale.
The company’s core offering, the Paradigm M-Series, stands out as the only true Solution-as-a-Service (SaaS) available for affordable methane monitoring at scale. A key differentiator is its unique Service Level Agreement (SLA), where the quantification data is rigorously validated through long-duration in-situ testing in production-like settings. This ensures the highest level of accuracy and reliability for clients.
The new capital will be strategically allocated to accelerate Puloli’s growth trajectory. Key focus areas include:
*
Expanding the reach of the Paradigm M-Series
across more regions, leveraging the growing demand for accurate and affordable methane monitoring.*
Strengthening its industry-leading analytics and algorithms
, further enhancing the value and insights provided by the Paradigm M-Series, particularly the quantification of methane mass flow rate. This metric is critical for businesses seeking to understand and control their emissions effectively.*
Building out its infrastructure
, ensuring scalability and reliability of its 5G-IoT network, which is crucial for delivering real-time data to clients.About Puloli, Inc.
Puloli is a leading provider of affordable, validated, and attestable methane quantification data delivered as a subscription service. Its basin-wide, non-disruptive solution operates 24×7, delivering real-time data via industry-standard APIs. Puloli’s services are delivered under the Paradigm by PuloliTM brand, leveraging 5G-IoT wireless communications, including its own private 5G-IoT network when necessary. As an IoT solutions provider for Critical Infrastructure Industries (CII), Puloli is dedicated to empowering its clients with cutting-edge technology. By ensuring reliable and efficient monitoring of methane emissions, Puloli enables its clients to focus on their core business operations.
For more information, visit puloli.com or email [email protected]
