Fervo Energy raised $244M in a funding series TBD led by Devon Energy Corp. and Glean raised $200M in a funding series D led by Kleiner Perkins and Lightspeed Venture Partners.
Fervo Energy raised $244M in a funding series TBD led by Devon Energy Corp. and Glean raised $200M in a funding series D led by Kleiner Perkins and Lightspeed Venture Partners.
03/01/24, 7:02 PM
Location
houstonMoney raised
$542
Industry
energy
Round Type
series d
Investors
Lightspeed Venture Partners, Kleiner Perkins, Devon Energy Corp.
Fervo Energy, a geothermal developer, locked up a big $244 million round led by shale oil and gas firm Devon Energy Corp. The new cash will support Fervo’s new drilling operations in Utah — which will begin delivering clean electricity to the grid in 2026. Glean, an AI-enhanced work assistant and enterprise search startup, locked up a more than $200 million Series D at a $2.2 billion valuation in a round led by Kleiner Perkins and Lightspeed Venture Partners.
Company Info
Location
910 louisiana street
houston, texas, united states
Additional Info
Fervo Energy provides 24/7 carbon-free energy through the development of next-generation geothermal power. Fervo’s mission is to leverage innovation in geoscience to accelerate the world’s transition to sustainable energy. Geothermal has a major role to play in the future electric grid, and Fervo’s key advancements in drilling and subsurface analytics bring a full suite of modern technology to make geothermal cost competitive.