FOR IMMEDIATE RELEASE
Oct. 11, 2023
Contact: Anthony Triana
Cortado Ventures Invests in Teren, Inc.: Advancing Data-Driven Solutions for Climate and Terrain Risk Assessment
OKLAHOMA CITY – Cortado Ventures, an early-stage venture capital firm based in Oklahoma City that invests in ambitious, growth-driven companies, has recently invested in Teren, Inc., a cutting-edge data analytics company based in Lakewood, Colorado. This investment marks a continued focus on enhancing the firm’s portfolio with innovative companies leveraging technology to provide solutions in the energy-tech sector.
Teren is at the forefront of revolutionizing risk assessment through the utilization of their environmental twinning technology that combines high-performance computing with intricate airborne, satellite, and IoT data. Leveraging decades of collective experience, Teren delivers actionable insights that empower clients to proactively identify and mitigate potential hazards, ultimately enhancing resilience and minimizing exposure to climate and terrain risks.
“Teren’s expertise in data analytics and risk assessment brings a new dimension to our portfolio, and we are excited to collaborate on their journey of reshaping how industries manage risk,” said Nathaniel Harding, Managing Partner at Cortado Ventures. “This investment may also provide synergies with some of our current portfolio companies to further enhance their work and expand opportunities. Toby Kraft, along with the team he has built, is well equipped in charting the course through sensor technologies to solve the most complex resilience puzzles.”
At the core of Teren’s environmental twin solutions is a pioneering software that utilizes light detection and ranging (LiDAR) data from planes and drones, combined with soils, terrain, hydrology, vegetation, and more. This synergy results in bringing 3D data to life with in-depth analytics that unveil potential threats and susceptibilities, particularly in sectors such as oil and gas. Pipeline companies, for instance, stand to benefit immensely from Teren’s technology. By harnessing Teren’s platform, these entities can swiftly identify risks like terrain shifts that could compromise pipeline integrity, potentially saving millions of dollars and avoiding costly downtimes.
“Teren is pleased to partner with Cortado Ventures and join its portfolio of ambitious, growth-driven organizations,” said Teren CEO, Toby Kraft. “Their hands-on approach and experience in energy and technology solutions will further accelerate Teren’s rapid growth. We’re thrilled to work with a partner that shares our commitment to transforming data to create a safer and more sustainable planet.”
About Cortado Ventures
Cortado Ventures is an early-stage venture capital firm that invests in ambitious, growth-driven companies, backing a new generation of economic prosperity for the Midcontinent region, defined as Oklahoma, Texas, Arkansas, Missouri, Colorado, Kansas and New Mexico. As one of the largest VC funds in Oklahoma, Cortado’s focus is on tech companies bringing innovative solutions to the energy and logistics, life sciences, and the future of work sectors. For more information, visit cortado.ventures.
About Teren, Inc.
Denver-based Teren, Inc. is an environmental twin solution provider that unlocks more value from remotely-sensed data. Our trusted experts help navigate sensor technologies, deliver insights from spatial analytics, and help solve the most complex climate resilience problems. Teren works with asset owners, developers, engineering firms, and insurers to pinpoint risk, reduce exposure, and improve climate resilience. For more information about Teren, visit https://www.teren4d.com/.