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OilX Joins SAP.iO Foundry San Francisco Startup Program

OilX is proud to announce that it has been selected to join the SAP.iO Foundry San Francisco startup program. SAP SE (NYSE: SAP) launched the program at SAP.iO Foundry San Francisco to support sustainability in the utilities, energy and natural resources industries.

The six selected start-ups are developing solutions that can help customers in the energy and natural resources industries build sustainable businesses, improve experiences, and manage their environmental footprint and sustainability goals including compliance, regulation, tracking and carbon-trading.

“OilX is honoured to join the SAP.iO Foundry San Francisco program. The program supports OilX during its global scale-up phase and also provides excellent exposure to SAP technology and APIs,” said Florian Thaler, CEO and Co-founder of OilX. “We are looking forward to the opportunity to collaborate with businesses using SAP technology for the oil as gas industry around the world.”

OilX joins Bidgely, Camus Energy, Empower, Singularity Energy, and SupplHi as start-ups that are utilizing next generation technologies like artificial intelligence (AI), blockchain and internet of things to help businesses become more sustainable by providing deeper insights into processes, greater transparency and to help reduce waste in the supply chain.

For more information, visit https://sap.io/foundry-sf/

About SAP.iO

SAP.iO delivers new partnerships and products for SAP by accelerating and scaling start-up innovation as well as incubating employee ventures. SAP.iO brings together innovators from every region, industry, and line of business to transform how businesses run. Since 2017, SAP.iO has helped 330+ external start-ups and internal ventures accelerate their growth while enabling thousands of SAP customers to access innovation. For more information, visit http://sap.io/.

About OilX

Established in 2018, OilX combines the latest in advanced data science frameworks with extensive oil analytics knowledge to create the first real-time supply-demand balance tool. Headquartered in London, OilX has more than 15 years of oil analytics experience across oil majors, investment banks and hedge funds at the highest level. For more information, go to www.oilx.co | LinkedIn: http://www.linkedin.com/company/oilx | Twitter: @OilXs

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