Zeno Technologies Inc. today unveiled a new cloud-based platform designed to assist energy companies, investors and partners to adapt and thrive in the face of new market realities in what it calls the “Production Era.”

Zeno’s new Energy Operating System provides clarity to understand and improve business performance and provides insight to assess and pursue new investment opportunities. The platform is pitched as providing energy-focused organizations with modern tools to unlock data to inform more intelligent, faster business decisions.

The platform caters to a change in the energy business where value has shifted from land potential and top-line growth to bottom-line free cash flow. Zeno explained that this fundamental shift in valuation, and its implications for energy company operations, ushered in the “Production Era,” where success hinges on an organization’s ability to optimize business performance and maximize productivity.

Today’s energy-focused organizations are said to be stitching together a patchwork of legacy tools to help them bring together production and market data — and not successfully doing so. This is where Zeno EOS steps in to drive business performance by connecting entire organizations through data and delivering real-time insights to run their businesses on real numbers, not best estimates.

Noting the shift in energy companies from successful exploration to efficient production and bottom-line results, Sealy Laidlaw, chief executive officer of Zeno, noted that “on top of this, they face unprecedented challenges as they navigate changes in technology, mounting environmental, social and governance pressures, and volatile global demand.”

“This new reality requires businesses to base consequential decisions on hard numbers and analysis, not on intuition and estimates,” Laidlaw added. “Legacy tools make it nearly impossible to surface relevant data the moment it’s needed, so we’re building Zeno to address this unmet need.”

Although Zeno may be primarily focused on providing a platform for energy companies, the company says that Zeno ESO is also useful to partners, banks and investors within the energy sector that need access to the latest data. The platform provides centralized data that allows users to quickly understand how well an individual asset, or an entire business, is performing relative to others in the market before deciding where to invest.

Coming into its platform launch, Zeno previously raised a seed funding round of $5.5 million in early 2020. Investors include 8VC and Echo Investment Capital.

Image: Zeno