The hydrocarbon reservoir simulation software vendor, Moscow-based Rock Flow Dynamics has raised $2 million from Intel Capital. The funds will be used to set up an office in Houston, USA and expand sales and marketing globally.
Founded in 2005, Rock Flow Dynamics offers high performance modeling software to simulate fluid and gas filtration dynamics of hydrocarbon underground reservoirs. Its dynamics modeling solution – tNavigator can be seamlessly used for reservoir simulations on laptops, multiprocessor servers and clusters. Rock Flow Dynamics‘ major customers are Russian oil & gas companies including TNK-BP, Gazpromneft and Lukoil.
Intel Capital announced the investment at its Intel Capital CEO Summit 2010.