Andium is an IIoT company providing wellsite management, monitoring and real-time verifiable emissions data solutions for the oil and gas industry.
Andium is an Industrial Internet of Things (IIoT) company serving the oil and gas industry. Founded in 2014 and headquartered in New York City, with incorporation in Delaware, the company provides wellsite management, monitoring and real-time verifiable emissions data solutions for energy producers worldwide. Its customers include global energy companies, and it raised $21.7 million in a Series B round.
The company's core offering is an end-to-end operating system for wellsite management. It combines on-site multi-dimensional video with machine learning and AI-based platforms to produce actionable information in real time. The InSite smart camera system adds AI-powered automation to wellsite monitoring. Broader capabilities cover tank monitoring, flare monitoring, methane monitoring, liquid leak detection, fire detection and asset tracking.
Reported outcomes include operating cost reductions of up to 45% and greenhouse gas emissions reductions of up to 65%, along with a reduction of over 80% in emissions attributable to windshield time. The stated focus is on keeping customer operations safe, sustainable and profitable through real-time, verifiable data and greater transparency.
