NEOS GeoSolutions Inc. - 2011-01-18

Closed a $60-million financing round. New investors Energy Capital Group and Bill Gates have joined existing investors, which include Goldman Sachs, Kleiner Perkins Caufield & Byers and Passport Capital, in this oversubscribed funding round.

NEOS plans to use the proceeds to fund its ongoing technology development program; expand its data acquisition and data processing capacity; add functionality to its NeoSphereâ„¢ data integration and interpretation system; and support general corporate growth initiatives, including the expansion of its engineering, sales, marketing, field operations, and customer service teams around the world.