Today, Clarke Valve completed the sale of $10 million of Series B Preferred Stock to a group of investors led by Saudi Aramco Energy Ventures (“SAEV”). Chevron Technology Ventures (“CTV”) participated in the round.
Daniel Carter of SAEV US, stated, “Clarke’s unique Dilating Disk™ Valve design provides a step change in control valve technology. We see wide ranging applications for this new type of valve in the Oil and Gas industry and beyond.”