TALLAHASSEE, Fla., April 17,
2024 /PRNewswire/ -- Cognitive GeoInterpretation,
Inc. ("CGI") is excited to announce a significant milestone in its
journey toward revolutionizing Oil and Gas exploration with the
securing of investor funding to accelerate the development of its
groundbreaking technology software, Interpretation.ai.
Interpretation.ai ("IAI") represents CGI's vision to enhance the
efficiency & productivity of exploration workflows by
harnessing the latest advancements in Artificial Intelligence. This
Cloud (browser-based) AI platform enables rapid seismic
visualization and interpretation, empowering geoscientists to
complete their interpretive workflows in a fraction of the time
traditionally required. By leveraging the expertise of
geoscientists to define project goals and data interpretation
methods, IAI quickly learns from samples and generates
interpretations of entire datasets. This iterative process delivers
final interpretations in hours or days, significantly reducing the
timeline compared to conventional methods that take weeks or
months.
The current version of IAI focuses on seismic data visualization
and facies identification utilizing geophysical data and is already
in use by Exploration & Production (E&P) customers. CGI is
actively developing additional modules to incorporate well log data
and utilize AI methods to predict & identify subsurface
faults.
Dr. Piyush Kumar, founder of CGI,
expressed his enthusiasm about the new investor funding, stating,
"We are thrilled to receive this new investment, which underscores
the potential of Interpretation.ai. This funding will enable CGI to
introduce significant new functionality to IAI throughout this
year."
Notable new investors in CGI include Ram Sharma, founder of AI
company Analytical Wizards, and Sanjeev
Bhalla, founder of Strumsoft and CTO of Analytical Wizards.
Both Mr. Sharma and Mr. Bhalla bring extensive entrepreneurial
experience to CGI. Mr. Sharma commented, "At Analytical Wizards, we
demonstrated the transformative power of AI in the Life Sciences
industry. We see similar groundbreaking potential in CGI."
CGI is also pleased to announce the addition of Denisse Rolland as the manager of business
development. With a wealth of sales and marketing experience within
the sector, Ms. Rolland will spearhead the effort to introduce
Interpretation.ai to industry experts in seismic visualization and
interpretation.
CGI is committed to pushing the boundaries of innovation in Oil
and Gas exploration, and Interpretation.ai stands as a testament to
this commitment. ic visualization and
About CGI
CGI is a Tallahassee based
startup that solves seismic imaging problems using recently
emerging AI techniques at the intersection of compression,
visualization of large datasets on the web, deep neural networks,
and a computational engine that leverages both the cloud and the
browser.
For More Information, visit our website at interpretation.ai or
contact CEO John Adamick at
john@interpretation.ai .
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SOURCE Cognitive GeoInterpretation