Austin oil and gas services company raises funding

Mar 21, 2014
Austin Business Journal

Vertishear LLC has reported completing a $200,000 round of financing

The Austin-based company collected the capital from a lone investor, according to a Thursday filing with the U.S. Securities and Exchange Commission

Vertishear, which was founded in 2010 as Full Azimuth Shear Technology LLC, develops what it describes as “full elastic waveform data from a single vertical-force source.” The technology is designed for the oil and gas industry to enable geophysicists to improve production decisions “without incurring the traditional multi-component acquisition’s high costs,” according to the company’s website

The company lists Jeff Love as its president, the SEC filing shows

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