making moves

Houston-based blockchain company continues growth with expansion in Southeast Asia

Data Gumbo, led by founder and CEO, Andrew Bruce, has expanded into Indonesia with a new client. Courtesy of Data Gumbo

A Houston startup that's created a global industrial blockchain network has announced a new application and expansion into a new market.

For the fist time, Data Gumbo Corp.'s GumboNet will be used in geothermal energy drilling thanks to the startup's new Indonesia-based client, Air Drilling Associates, a drilling and project management service provider.

"Expansion into Southeast Asia with ADA's deployment signals GumboNet's global applicability and benefit to industry — in this case, geothermal energy development," says Andrew Bruce, CEO and founder of Data Gumbo, in a news release. "We are excited that Data Gumbo is entering yet another sector of the energy market for improvements across its supply chain."

ADA will use GumboNet to automate invoice payments of its contracts, including ADA's work on on major geothermal exploration drilling campaign for international power company. This project is part of the country's plan to develop infrastructure to meet national electrical energy needs.

"In geothermal energy, supply chain parties are sluggish to invoice and execute payments, remote operations exist all over the world, and it takes dozens of counterparties to get a well site up and running," says Diederik Zwager, CEO of Air Drilling Associates, in the release. "By implementing GumboNet, we will gain greater transparency into our operations, and experience billing and invoicing execution at a monumentally faster rate."

Zwager will also become an adviser for Data Gumbo and is eager "to implement the network at ADA to pass along the benefits to customers, vendors and suppliers," he says in the release. The company has a presence in Southeast Asia, the Middle East, the Asia-Pacific region, and North and South America.

Since its inception in 2016, Data Gumbo has raised a total of $9.3 million — recently closing a $6 million series A led by Saudi Aramco's venture arm. While that recent pop of investment means expanding to new industries — the company announced its entrance into the construction industry — Bruce preciously commented that these funds would go toward taking Data Gumbo to new global markets.

"The whole thing for us is building this blockchain network of interconnected companies," Bruce says on a recent episode of the Houston Innovators Podcast. "The more companies that are a part of that network, the more value that network has."

Andrew Bruce talks Data Gumbo expansion on the most recent episode of the Houston Innovators Podcast. Courtesy of Data Gumbo

Andrew Bruce saw that the oil and gas industry had a data problem. If energy companies were ever going to be able to set up autonomous drilling, they needed to integrate data and challenge the commercial model.

On this week's episode of the Houston Innovators Podcast, Bruce, CEO of Data Gumbo Corp., shares how he created a solution to move the needle on streamlining data within industry.

"Data Gumbo was originally founded to solve that integration problem. Take data from different sources, standardize it, clean it up, and make sure only the people who have the authority to get access to the data, can get access to the data," Bruce says on the podcast. "That's why we're called Data Gumbo — take a bunch of data, put it in the pot, stir it up, and make it taste good."

Since its inception in 2016, Bruce has led the company to raise a total of $9.3 million — recently closing a $6 million series A led by Saudi Aramco's venture arm. While that recent pop of investment means expanding to new industries — the company announced its entrance into the construction industry — Bruce says the funds will also take Data Gumbo to new global markets, including the Middle East.

"The whole thing for us is building this blockchain network of interconnected companies," Bruce says. "The more companies that are a part of that network, the more value that network has."

Bruce discusses his planned growth, the origin story of Data Gumbo, and how the Houston innovation ecosystem has helped the company grow in the episode. Listen to it below and subscribe wherever you get your podcasts.