Altira Sells Houston-based ThoughtTrace to Thomson Reuters

Originally released in 2017 to interpret complex oil and gas contracts, ThoughtTrace has evolved its proprietary software to serve multiple industries including financial services, technology, health care, energy and law.

Hart Energy Staff
Altira Sells Houston-based ThoughtTrace to Thomson Reuters

In 2020, ThoughtTrace closed a $10 million financing round led by McRock Capital, along with Chevron Technology Ventures and existing investor, Altira Group. (Source: ThoughtTrace Inc.)

Altira Group LLC has sold its Houston-based portfolio company ThoughtTrace Inc. to Thomson Reuters for an undisclosed amount, according to a May 10 release from the Denver-based venture capital firm.

“I want to congratulate ThoughtTrace CEO Nick Vandivere and his talented team for elevating their innovative AI software into an extremely valuable multi-industry platform that provides indispensable business intelligence to users across the economy,” Sean Ebert, partner at Altira and a member of the ThoughtTrace board of directors, commented in the release.

Originally released in 2017 to help energy companies and legal professionals uncover decision-critical information within complex land and lease contracts, ThoughtTrace has evolved its proprietary software into a multi-discipline platform which is pre-built for specific industries and use cases, including financial services, technology, health care, energy and law.

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