About ResFrac
ResFrac is an Energy & Utilities company based in Palo Alto (United States) founded in 2018. Integrated hydraulic fracturing and reservoir simulation software is developed. ResFrac has raised $5 million across 2 funding rounds from investors including Altira Group. The company has 16 employees. Its website resfrac.com draws about 20 thousand monthly visits. ResFrac offers products and services including ResFracPro, ResApps, and Solutions. Its focus areas include Energy Tech, Oil & Gas Tech, Upstream and Downhole. Its legal entity is RESFRAC CORPORATION. Its competitors include Seismos, US Well Services and Well Data Labs; 3 of its 3 listed competitors have raised funding.
Company details
ResFrac was founded in 2018 and is headquartered in Palo Alto, United States. Software for hydraulic fracturing and reservoir simulation is provided to the exploration and production sector. Operations encompass integrated modeling of fracturing processes, wellbore dynamics, and reservoir interactions. Analysis of fracture transitions, fluid flow, proppant transport, and three-dimensional proppant simulations are included. Long-term production forecasting is supported across relevant geographies.
- Headquarters Palo Alto, United States
- Employees 16
- SectorsEnergy & Utilities
- Email••••••••
- Website resfrac.com
- Social LinkedIn X
- Legal Name Resfrac Corporation
- Total Equity Funding$5M (USD)
in 2 rounds
- Latest Funding Round$2M (USD), Series B
May 2020
- Investors
- Employee Count16
Products & Services of ResFrac
ResFrac offers a comprehensive portfolio of products and services, including ResFracPro, ResApps, and Solutions.
Software for integrated hydraulic fracturing and reservoir modeling.
Tools for enhanced geothermal system simulations and analysis.
Services optimizing well designs and proppant distribution.
Funding Insights of ResFrac
ResFrac has successfully raised a total of $5M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $2 million completed in May 2020. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $5M
- Total Rounds 2
- Last Round Series B — $2M
- First Round $3M
(Jul 2018)
- Investors Count 1
All 2 funding rounds of ResFrac with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May 2020 | $2M | Series B | – | Altira Group | – |
| Jul 2018 | $3M | Series A | – | – | – |
1 investors in total: 1 institutional.
Investors in ResFrac
ResFrac has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Altira Group.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Growth stage energy sector focused VC firm investing primarily in the US and Canada | altiragroup.com | Denver, United States |
Investor details for ResFrac
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People of ResFrac
10 people are tracked at ResFrac (4 in leadership, 6 in team); the tracked headcount is 16.
| Name | Role | Group |
|---|---|---|
Mark McClure | CEO | Leadership |
Charles A. Kang | CTO, Co-Founder | Leadership |
Garrett Fowler | Chief Operating Officer | Leadership |
Egor Dontsov | Chief Scientist | Leadership |
Dave Ratcliff | Petrophysicist, Reservoir And Completions Simulation Engineer | Team |
Jaime Orozco | Senior Software Engineer | Team |
Chris Hewson | Senior Simulation Engineer | Team |
Akshay Ubale | Senior Devops Engineer | Team |
Ankush Singh | Technical Team Lead | Team |
Rohan Irvin | Technical Team Lead - Australasia | Team |
Complete people profiles for ResFrac
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Timeline of ResFrac
3 dated milestones of ResFrac across 2 years, from founding to its latest funding, stage changes and deals.
- Founded ResFrac is founded.
- Funding First funding round of $3.0M.
- Funding Latest funding round, Series B, of $2.0M.
Competitors of ResFrac
ResFrac has 3 listed competitors in our database, 3 of them funded. They include Seismos, US Well Services and Well Data Labs.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| seismos.com | 2013 | Austin, United States | $29.5M | 47 | Real-time fluid-flow monitoring is enabled for oil and gas reservoirs. | |
| uswellservices.com | 2012 | Houston, United States | $166M | 526 | Hydraulic fracturing services are provided for unconventional wells. | |
| welldatalabs.com | 2014 | Denver, United States | $7.51M | 19 | Cloud-based solution for fracturing data management |
Detailed competitors of ResFrac
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Web traffic of ResFrac
The website of ResFrac (resfrac.com) receives about 19.9K visits a month.
- Monthly visits19.9K
▲ 8.9% vs previous month
Top companies in Oil & Gas Technology Solutions
3 companies that operate in the same segment as ResFrac (Oil & Gas Technology Solutions) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
AI-based software for manufacturing process optimization is offered. | 1981 | Bedford, United States | USD 100 M | USD 5.21 M | 64 | |
Cloud infrastructure and AI-optimized data centers are provided. | 2018 | Denver, Colorado, United States | USD 6.67 B | 1,820 | ||
AI-driven urban datasets and analysis tools are offered by Urbint. | 2015 | New York, New York, United States | USD 130.08 M |
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Related news about Resfrac
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Frequently Asked Questions about ResFrac
ResFrac was founded in 2018.
ResFrac is headquartered in Palo Alto, United States. It is registered at Palo Alto, California, United States.
ResFrac is a funded company, having raised a total of $5M across 2 funding rounds to date. The company's 1st funding round was a Series A of $3M, raised on Jul 2018.
ResFrac has 16 employees.
ResFrac was founded in 2018 and is headquartered in Palo Alto, United States. Software for hydraulic fracturing and reservoir simulation is provided to the exploration and production sector. Operations encompass integrated modeling of fracturing processes, wellbore dynamics, and reservoir interactions. Analysis of fracture transitions, fluid flow, proppant transport, and three-dimensional proppant simulations are included. Long-term production forecasting is supported across relevant geographies.
ResFrac's top competitors include Well Data Labs, US Well Services and Seismos.
ResFrac offers ResFracPro, ResApps, and Solutions.
ResFrac has 1 investor. Key investors include Altira Group.
ResFrac operates through Resfrac Corporation.