Deal Announcements

Potter Drilling Gets $4 Million Capital Gusher

Wednesday, August 20, 2008 5:44:00 AM PDT | VentureDeal Staff

Redwood City, California --  Drilling engineering company Potter Drilling has raised $4 million in a first round of corporate venture capital funding.

Potter is trying to commercialize advanced drilling technology that will help lower the cost of drilling for geothermal energy sources.

The venture capital arm of Google made the investment.  The company did not disclose how it would use the funding proceeds.

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