Thursday, 9th of August 2007 at 11:37:44 PMHouston based GloriOil announced that it has secured $10 million in financing from its investors, Kleiner Perkins Caufield & Byers and GTI Group. The company uses microbial biotechnology to enhance oil production in mature fields. The funds will be used to further develop and market their products.
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[...] I first noticed GloriOil after they announced an infusion of capital from their investors (see blog post from last week). Turns out that Stuart and I have some mutual friends so we met up today to [...]