Kuala Lumpur, September 2nd 2020: Iraya Energies Sdn Bhd is pleased to announce the completion of a Series A funding round led by a major energy partner. The funding proceeds will be used to strengthen the team and accelerate global expansion. 

Nina Marie Hernandez, founder and CEO of Iraya Energies, said that the company is seeing a considerable increase in demand for their products and services.

“We are delighted to welcome our new partner as a strategic investor in Iraya Energies. More and more oil and gas companies are realizing that ‘internal exploration’ of their massive existing unstructured databases is a cost-effective way of gaining knowledge and insight without incurring the cost of new data acquisition. The new capital available will be used to expand capacity at our ‘digital factories’ and accelerate development.”

Iraya Energies developed ElasticDocs, a cloud native proprietary machine learning software. ElasticDocs extracts information from unstructured and structured data in the geoscience and engineering space. With a proven deployment track record within the energy industry, the aim is to provide new knowledge and insight from already existing data that was not previously captured.

About Iraya Energies 
Iraya Energies is an independent supplier of next-generation technology for extracting knowledge from unstructured data via ElasticDocs, our flagship ML/AI enabled platform. For more information: www.irayaenergies.com

Nina Hernandez: nmh@irayaenergies.com