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Collide Secures $5M to Scale First GenAI Platform for Energy Sector

Collide Secures $5M to Scale First GenAI Platform for Energy Sector

May 2, 2025 Craig Etkin

Category-defining AI product suite equips oil and gas industry professionals with an energy-specific knowledge base to enable more efficient, data-driven, and user-friendly operations

Platform eliminates time spent searching for information, allowing engineers, founders, operators and other professionals to focus on high-impact decisions while decreasing costs and increasing revenue

HOUSTON–(BUSINESS WIRE)–Collide, the GenAI Platform for the energy sector, today announced the closing of its $5 million seed round, led by Mercury Fund, with participation from Bryan Sheffield, Billy Quinn, and David Albin, as well as a number of other oil and gas leaders. The new funding will enable Collide to further enhance and accelerate the development of its GenAI-powered platform and strategically expand its engineering and technical teams.

Driven by a significant generational shift in its workforce, the energy industry stands at a unique juncture. Historically slow to embrace new technologies, the sector now faces an urgent need for innovation. This urgency stems from the retirement of Baby Boomers, who are exiting with valuable industry knowledge, and a notable gap in Gen X professionals, which has hindered digital progress. Meanwhile, the rise of Millennials to leadership positions brings a strong drive to modernize operations and adopt AI, catalyzing a rapid transformation in the industry’s approach to technology, particularly in knowledge retention and AI implementation. Collide is at the forefront of this transition from outdated legacy software to AI-native solutions.

Founded by oil and gas industry veterans, Collide was built to be the knowledge hub for the next generation of energy professionals. Initially designed as a professional network and digital community for technical discussions and knowledge sharing, Collide has now shifted its focus to the rollout of its enterprise-level AI-enabled solution. By integrating retrieval augmented generation (RAG) and advanced large language models (LLMs) with a specialized knowledge base, Collide’s AI-native platform retrieves and synthesizes data from authoritative sources to deliver accurate, cited, and energy-focused insights to oil and gas professionals.

Unlike large AI and data platforms, such as OpenAI, Perplexity, and Microsoft Copilot, Collide’s platform uniquely accesses a comprehensive, industry-specific knowledge base, including technical papers, internal processes, and a curated Q&A database tailored to energy professionals. This specialized foundation allows Collide to deliver accurate responses with real citations, ensuring precision and reliability by eliminating external noise and focusing solely on pertinent energy content.

Collide currently services public and private enterprise oil and gas clients, and other private equity-backed E&Ps. Since launching, Collide has onboarded over 6,000 users to its community platform, growing at 11% month-over-month. Users span 122 countries, connecting energy professionals worldwide. The platform currently delivers an estimated time savings of 25–33% for petroleum engineers. As Collide expands its generative AI portfolio, it aims to further streamline workflows across various roles in the oil and gas sector, freeing teams to focus on higher-value tasks and driving greater operational efficiency.

“The world’s greatest challenge today is an energy crisis, and we’re excited to have a partner in Mercury Fund that understands our vision and supports us as we work to empower energy professionals with the community and technology needed to power the world,” said Collin McLelland, Co-Founder and CEO of Collide.

“Co-founders Collin McLelland and Chuck Yates bring a unique understanding of the oil and gas industry. Their backgrounds, combined with Collide’s proprietary knowledge base, create a significant and strategic moat for the platform,” said Blair Garrou, Managing Partner at Mercury. “Collide’s vertical AI approach is uniquely designed to tackle the complex challenges of the energy sector, delivering solutions that are more precise and impactful than those offered by general-purpose GenAI tools. This is exactly the kind of company Mercury seeks to partner with to drive transformative, industry-specific change.”

Collide also counts a leading slate of oil and gas executives and firms as investors including Embry Canterbury, Gene Shepherd, Dan Pickering, Steven Cobb, Trey Yates, and Arbo Ventures.

About Collide

Collide is a community-driven knowledge sharing platform for the energy industry. An exclusive hub where thousands of engineers, geoscientists, and field operators discuss specialized technical information. Collide AI, Retrieval Augmented Generation (RAG) helps energy professionals find information quickly from energy-specific content in the Collide Knowledge Base backed by authoritative sources. Try it out for free on collide.io.

Contacts

Gasthalter & Co.
Alex Jeffery/Gwyn Hodges
(212) 257-4170

(c)2025 Business Wire, Inc., All rights reserved.


Venture Capital
Business Wire, Collide, Houston, Texas, Venture Capital

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Fabric, a leader in care delivery and consumer experience, has announced the acquisition of UCM Digital Health (UCM), a leading digital health and telehealth provider. The acquisition expands Fabric's services to about 400 new employer and payer customers, adding one million covered lives. Fabric now serves over 75 health systems, 30,000 employers, and over 100 million lives across all 50 states. This marks Fabric’s fifth acquisition in less than three years, underscoring its strategic build-and-buy approach to unify the fragmented digital health landscape. By expanding its footprint in the payer and employer markets, Fabric is extending its comprehensive care access and experience platform paired with its nationwide provider network to streamline virtual-first care, expand access, improve efficiency and outcomes, and reduce both medical and overhead costs.

In a statement Aniq Rahman, CEO and Founder of Fabric said, "For Fabric, it’s about making healthcare more accessible.” “We’ve already made meaningful progress in the payer and employer markets, and this acquisition allows us to deepen that impact. By bringing more payers and employers onto our platform, we’re creating a connected experience that streamlines workflows, reduces friction and costs, and ultimately drives better outcomes for members and our partners." Moving forward, the 400 payers and employers served by UCM will transition to Fabric’s expanded technology and clinical network, gaining access to enhanced omnichannel patient experiences that improve efficiency before, during, and after virtual care. Through Fabric’s nationwide provider network, patients can receive a treatment plan for most common medical conditions in just five minutes or connect with a behavioral health provider within three days.

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Flex has closed a $60 million Series B equity round led by Portage, bringing total equity raised to $105 million. In the last year, the company has quadrupled revenue and tripled its payments volume to $3 billion as it scales its all-in-one business and personal finance platform for high-net-worth middle-market business owners. Running a profitable middle-market business has become one of the most complex financial jobs in America, with owners often juggling more than ten disconnected systems to manage their money. Flex was created to give these high net worth owners a single place to run both their business and personal finances. This latest $60 Million equity round, followed by its $200 Million debt and $25 Million equity raise announced earlier this year, builds on a period of rapid hypergrowth. In just 12 months, Flex has grown revenue fourfold and increased annualized total payments volume from $1 billion to $3 billion across a suite of products, positioning Flex as one of the fastest-growing fintech companies at scale with best-in-class capital efficiency.

Flex is building the category-defining company solving this gap for high net worth business owners with a five-pillar strategy built around private credit, a business finance stack, a personal finance stack, payment solutions, and an ERP built for middle market businesses. These customers now use an average of four or more Flex products. Flex’s Business Credit Card, which provides 60-day float on every transaction, has been a major driver of adoption, acting as the wedge into deeper financial operations. Once owners experience the benefits of the Flex Credit Card, they often go on to adopt Flex’s banking, payments, working capital, and expense management tools to replace fragmented legacy systems. This integrated model has allowed Flex to scale with high efficiency and has created a strong foundation for its expansion into personal finance.

Launched in 2023, Flex a Flexbase Technologies brand is the AI Native “Private Bank” for high net worth business owners in the middle market. Flex is building the category-defining company solving this gap for high net worth business owners with a five-pillar strategy built around private credit, a business finance stack, a personal finance stack, payment solutions, and an ERP built for middle market businesses. Flex is the first platform that supports every step of their financial lives, from the moment they earn revenue to the moment they spend it personally.
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Across the United States, a new industrial age is taking shape. Trillions of dollars in infrastructure, from energy projects and advanced manufacturing to data centers and critical mineral facilities, must be built in the next decade. But large construction projects are slower and more expensive today than they were half a century ago. Unlimited Industries, a California-based company using AI to rethink how infrastructure gets built, has raised $12 million in seed funding to change that. The round was co-led by Andreessen Horowitz and CIV, with participation from leading industry investors. The capital will accelerate Unlimited’s expansion and further develop its proprietary AI platform – one designed to make large-scale engineering and construction faster, cheaper, and more ambitious.

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In a statement Alex Modon, Co-Founder and CEO of Unlimited Industries said, “Advances in AI mean we can finally build the physical world the way we build software.” “The traditional construction model is slow, brittle, and fundamentally misaligned. Our approach replaces static design choices with a dynamic, data-driven process that learns from every project. The result is faster, cheaper, and more successful projects.”

Unlimited is an AI-native construction company headquartered in San Francisco. Today, the company designs and builds across energy infrastructure, data centers, critical minerals, and advanced manufacturing, helping developers build with greater speed, ambition, and efficiency. Their mission is to build a future of radical physical abundance by automating construction end-to-end. The company was founded in 2025 by serial founders Alex Modon, Jordan Stern, and Tara Viswanathan.
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