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chevron technology venturesintegrating technology to the core

what we do

Chevron Technology Ventures (CTV) champions the innovation, commercialization and integration of emerging technologies into Chevron. We pursue innovative business solutions and externally developed technologies that have the potential to improve Chevron’s base business operations and champion their deployment and adoption into Chevron.

a conduit for early adoption of emerging technology

Chevron is integrating emerging technologies into our business and CTV helps make that happen. We identify technology advances that could strengthen our core operations and lead Chevron to new opportunities for growth. Through our technology teams and venture capital group, we scan the globe for technologies that can yield strategic and financial value. We also look for pioneering startup companies whose technologies could enhance the way Chevron produces and delivers energy. CTV can invest in companies at any phase in the development cycle, from providing early-stage seed investment to offering capital for full-scale commercialization. Some technologies may be studied, and then shelved for future consideration.

We focus our search for innovation on six dominant technology streams:

  • Water Management
  • Production Enhancement
  • Emerging Materials
  • Power Systems
  • Information Technology
  • Subsurface & Base Business

investment portfolio

Since 1999, Chevron Venture Capital has supported a wide range of companies and venture capital funds. Partner technologies are used across our upstream and downstream businesses, producing substantial earnings for the company.

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Microfabrica is the industry leader in manufacturing of micrometer- and millimeter-scale metal components, subsystems, and devices with features measured in microns. The company breakthrough proprietary EFAB technology can create complex three-dimensional micron-precision metal structures with unprecedented flexibility.

visit microfabrica site

Oxane is commercializing advanced ceramic proppants, which augment oil and gas production (rate and total recovery) and reduce the environmental impact of hydraulic fracturing. Oxane’s proppants travel deeper into oil and gas formations than conventional proppants and afford a highly conductive channel for oil and gas to flow to the wellbore.

Sample6 Technologies’ platform allows for the rapid engineering of bioparticles that cause bacteria to effectively “light up” when a specific bacterium is identified. The platform can be applied to a narrow set of bacterial strains or a panel of bacterial species, and can be used both for detection and antimicrobial applications.

visit sample6 technologies site

Soane Energy is a specialty materials company that is developing and applying innovative chemistry based on polymers and surface science to help meet the worldwide “hunger for energy” in a practical, immediate, and environmentally responsible way. The company’s initial focus is on the oil sands market in Canada.

visit soane energy site

Acumentrics’s solid oxide fuel cell (SOFC) is designed to be fuel-flexible and to operate at high temperatures to maximize efficiencies. Unlike many other types of fuel cells, SOFC’s require a negligible amount of precious metals and instead can be made out of ceramics. Besides SOFC’s, Acumentrics is an industry leader in selling rugged, uninterruptible power supplies for military, transportation and industrial applications.

visit acumentrics site

Ensyn is a producer of renewable liquid fuels and renewable chemical products from wood residues. Rapid Thermal Processing, or RTP, converts residual biomass from the forest and agricultural sectors, as well as cellulosic-based, post-consumer wastes, to high yields of light liquids.

visit the ensyn site

Inventys is the developer of energy and capital-efficient technology for capturing carbon dioxide from industrial flue gas streams. Inventys’ proprietary VeloxoTherm™ process is less than one-third the cost of existing post-combustion carbon dioxide capture technologies and will enable the widespread adoption of enhanced oil recovery and carbon sequestration.

visit inventys site

Maana has developed a novel approach to representing and analyzing industrial knowledge mathematically. Maana’s patented Computational Knowledge Graph? enables industrial companies to encode human expertise and data from across silos into digital knowledge that helps employees make better and faster decisions.

visit maana site

Moblize provides “Ready to Analyze” data from exploration to production compliant with new E&P standards to aide your decision making. Moblize’s data quality solution coupled with its “Factory drilling” analytics (used to manage wells by exception) ensures actionable information is available to decision-makers anytime, anywhere.

visit moblize site

NSS Labs helps clients achieve a forward-looking perspective on IT security and manage cyber risk more effectively. With NSS Research, enterprises can make rapid business decisions about competing vendors, products and technologies. NSS Labs’ unique perspective and expertise are based on more than 2 million work-hours of real-world security product testing and provide crucial visibility into future market and technology trends.

visit NSS labs site

Panzura delivers innovative products that take an application-centric rather than a network-centric approach to storage, termed Application Network Storage. By combining application logic with storage technology, Panzura is able to provide solutions that are faster, cheaper and more secure than traditional approaches to Tier 1 Storage. This architecture allows enterprises to save costs, significantly increase performance and secure mission-critical data via public or private cloud environments.

visit panzura site

Veros Systems is a company that is commercializing a new type of enterprise software to improve the reliability of assets powered by electric motors. The Veros technology will enable operators to monitor the health of assets and make key decisions regarding “just in time” service scheduling.


Airborne is the manufacturer of thermoplastic composite pipe. The company provides oil and gas operators and service companies with premier composite pipe systems. It provides products such as downlines, hoses, offshore flowlines and risers.

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Arisdyne specializes in designing small footprint devices that utilize controlled hydrodynamic cavitation. Controlled flow cavitation generates energy in the form of a shockwave creating a highly efficient and elegant way to reduce particle size, disrupt cell structures, and disperses agglomerates. Arisdyne applies this technology to increase yield for ethanol production, reduce catalyst consumption for biodiesel production, and change viscosity of heavy crude oil.

visit arisdyne site

Foro Energy is commercializing high-power lasers for the oil, natural gas, geothermal and mining industries. Their hardware platform transmits high-power lasers over long distance using fiber optic cables to drill, complete and workover wells.

visit foro energy site

Halfwave is a company that develops piping inspection tools using Acoustic Resonance Technology, an ultra-wide band acoustic technology utilizing acoustic half-wave resonances. The non-contact measurement technology offers deep penetration of coatings, high resolution, and high speed.


Hicor has developed a unique multiphase compression technology that reduces initial and ongoing operating costs for natural gas producers through an efficient and cost-effective compressor package solution. Hicor’s technology reduces compression costs and economically enhances hydrocarbon production and also has future applications in compressed natural gas-refueling, pipeline stations, offshore platforms and compressed-air energy storage.


Ingu Solutions’ Pipers® technology provides oil and gas companies with miniaturized inline sensors to detect leaks, geometric defects, magnetic anomalies, and deposits that threaten pipeline performance and safety. Pipers® Technology reduces inspection costs, and strengthens preventive maintenance.

visit ingu site

Lux Assure

Lux Assure is a provider of chemical monitoring technologies for both offshore and onshore use in oil and gas industry. The company focuses on developing technology for the oil and gas industry to monitor difficult-to-detect chemicals used by the oil industry.

MezurX has developed a new generation of real-time flow and mud monitoring systems. By providing processed information from advanced sensors, a new level of assistance can be offered to the drilling crew to help better manage Non Productive Time events while drilling.

MicroSeismic, Inc. has proprietary technologies which enable passive surface-based microseismic monitoring and imaging for the exploration and production of hydrocarbons. Passive seismic makes use of existing, often naturally occurring, sound sources, rather than dynamite or vibrators. Passive seismic can go where conventional seismic cannot and sees not only the structure in 3-D but also detects fluid movement, fracturing and fault movement.

visit microseismic site

oscomp logo2

OsComp Holdings develops and leverages technology to deliver natural gas faster, safer and cheaper than their competition. The focus for OsComp Holdings is drilling and hydraulic fracturing operations and stationary industrial operations.

PanGeo Subsea delivers high resolution subsea imaging solutions using 3-D and 4-D acoustic technology; these technologies are utilized primarily to characterize the area beneath the seafloor prior to construction of offshore infrastructure or pipelines.

visit pangeo subsea site

Production Science’s core technology is based on decoding the signal of a reflected electromagnetic pulse with a passive sensor element that allows high-bandwidth communications with no active electronics at the sensor location.

Seikowave has developed a new 3-D imaging solution using structured light which brings a cost-effective, rapid visualization system to market using developments in optics and processing algorithms. Instead of scanning one point at a time, structured light scans multiple points or the entire field of view at once. The technology is used for the non-destructive evaluation of anomalies (e.g., corrosion, gouges, dents, etc.) commonly found in pipelines, tanks, pressure vessels, and other structures.

visit seikowave site

Silixa has developed the next generation of distributed fiber optic sensing with applications in the energy and security industries.

visit silixa site

Target Intervention

Target Intervention is the manufacturer of fracture and intervention tools for oil and gas industry. The company offers a fully electric coiled tubing conveyed isolation tool for fracking applications. It's device has electric downhole motors that operate packing elements, anchors, valves and allows for real-time monitoring of pressure, temperatures, mechanical force and tool performance.

Ziebel has developed a unique conveyance system based upon metal-encased fiber optics for measurement combined with carbon-fiber sheathing for strength and reduced weight. The Ziebel intervention technology can be used for continuous well-integrity monitoring, waste water disposal monitoring, detecting casing and packer failures, detecting water incursion, and perforation performance.

Zi-Lift Ltd. is developing innovative downhole pumps for the oil and gas production industry based on Permanent Magnet Motors coupled with the latest pumping and monitoring technology, which will deliver smaller size and higher efficiency than competitive technologies.

ampersand ventures logo

visit ampersand ventures site

Arch Ventures Partners is a premier provider of seed and early stage venture capital for technology firms.

visit arch ventures partners site

Element Partners is based in Philadelphia, Pennsylvania, with additional offices in Menlo Park, California. Founded in 2006, the company invests in products, services and technologies in the energy and power, water, environmental, materials and chemicals, and manufacturing and industrial sectors.

visit element partners site

EnerTech Capital is based in Wayne, Pennsylvania. Founded in 1996, EnerTech Capital is a private equity firm that invests exclusively in service and technology companies emerging from, and capitalizing on, the reshaping of the energy, utility and telecommunications markets.

visit enertech capital site

Nth Power is based in San Francisco, California. Nth Power is a leading venture capital firm dedicated exclusively to high-potential investments resulting from the restructuring of the global energy industry.

visit Nth power site

Oxford Biosciences provides equity financing and management assistance to emerging, entrepreneurial-driven companies within the life sciences and healthcare sectors.

visit oxford biosciences site

RockPort Capital Partners is located in Boston, Massachusetts. RockPort Capital Partners is dedicated to investing in and supporting the most promising entrepreneurs and technologies in the energy and power, advanced materials, and process and prevention sectors.

visit rockport capital partners site

Vanguard Ventures is a leading early-stage venture capital firm that helps entrepreneurs build pioneering technology and life science companies.

Here is a partial list of Chevron Venture Capital investments in firms which were acquired by other companies or had successful public offerings:


Bitzer Mobile




Downhole Injection Systems



IronPort Systems


Path Scale





Tacit Networks

Tubel Technologies


investment areas of interest

Chevron Venture Capital searches for technologies that will enable Chevron to operate more efficiently, expand operations, or launch viable new businesses. We seek investment opportunities in these areas:

Oil and gas
Fuel processing, hydrocarbon processing, separation, catalysis, advanced exploration, downhole processing and communications, deepwater production and development, heavy oil upgrading, sensors, improved production, fuel additives and lubricants, automated production operations, processing facilities and infrastructure, water management and enhanced oil recovery.

Emerging/alternative energy
Biofuels, energy efficiency and renewable energy technologies including solar, wind and wave/current.

Advanced materials
Nanotechnologies, advanced ceramics and polymers, specialty chemicals and coatings.

Communications and networking
Wireless communications and advanced networking infrastructure to support industrial and remote operations.

Information technologies
Hardware and software innovations.

contact us

Chevron Technology Ventures
1500 Louisiana, 39th Floor
Houston, TX 77002