The company’s software aims to give customers access to real-time data and analytics to increase productivity, consistency and quality while lowering costs.
Sigmaflow said the Teakflow investment would allow it to boost its sales and marketing efforts, as well as provide operational experience.
The platform is currently tailored for upstream oil and gas well process management and the power industry’s North American Electric Reliability Corporation compliance management processes.
Teakwood managing director Shawn Kelly said, “SigmaFlow has truly impressed us with its technology, customers, and team.
“We look forward to partnering with Jay and his team to expand SigmaFlow’s footprint and products in rapidly growing markets
“This investment builds on Teakwood’s strength and success by providing growth equity capital and company-building expertise in fast-growing software and SaaS companies.”
Teakwood is currently investing from its second buyout fund, which gathered $40m of commitments in 2011.
That followed a $26m debut fundraise five years earlier.
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