Nick Vandivere, CEO of Houston-based software company ThoughtTrace Inc., is today’s featured Forty Under 40 honoree.
Vandivere’s company, ThoughtTrace, has designed and implemented a software application that combines artificial intelligence (AI) and machine learning to read “words, sentences and paragraphs down to the thought or intent level.”
When ThoughtTrace launched, the application recognized 100 facts. Today, it has read almost 9 billion words and has helped the collective customer-base identify 155 million facts. This number grows every day.
When Vandivere became CEO in 2014, there were fewer than 20 employees. Now, as the team works to adapt the application “to many, many more data types,” he oversees almost 70 employees, ranging from oil and gas attorneys to software developers, all valued for their “grit … [which he considers] the biggest predictor of success.”
Vandivere grew as a leader during his military service, which he says “completely reshaped [his] perspective on life.” As a Platoon Leader in the U.S. Army, he said he learned “through some rather difficult circumstances … the importance of elevating the success of the team above everything else.”
McDermott International Inc. has been awarded a substantial contract from a Middle East customer for engineering, procurement, construction and installation (EPCI) services in the Arabian Gulf, the company said on March 21.
Topaz Energy and Marine has signed contract extensions for 12 of its vessels currently supporting the offshore operations of BP Exploration (Caspian Sea) Ltd. in Azerbaijan, the company said on March 20.
Awilco Drilling has announced that its fully owned subsidiary Awilco Rig 2 Pte. Ltd., on March 22, signed a contract with Keppel FELS shipyard in Singapore for the building of one new CS60 ECO MW semisubmersible drilling rig.