Motive Drilling Technologies was formed within Hunt Energy Enterprises L.L.C., a venture startup incubator within Hunt Consolidated Inc., to better address drilling challenges presented in horizontal drilling for unconventional resource plays. Motive's Bit Guidance System provides turn-by-turn instructions for optimized directional drilling of horizontal wells using machine intelligence. Over the last several years the Motive Bit Guidance System has successfully drilled more than 1.4 million feet in over 100 directional wells throughout the major North American unconventional plays.
| Date | Amount | Type | Investors | Valuation |
|---|---|---|---|---|
| 02/18/16 | $10,500,000 | Series A |
Formation 8 GE Ventures | undisclosed |
