Two months removed from taking over EQT Corp., the Rice brothers have upped their investment in fracking software company, Cold Bore Technology Inc.

Cold Bore, headquartered in Calgary, Alberta, said Sept. 11 it had secured a second round of strategic growth funding from Rice Investment Group (RIG). The size of the investment was not disclosed.

RIG is a $200 million multi-strategy fund formed in 2018 by Daniel, Toby and Derek Rice following the sale of their former company, Rice Energy, to EQT Corp. The brothers have since seized control of EQT through an activist campaign led by Toby Rice.

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