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Flotek plans $15 million to $20 million investment in data analytics capacity

Flotek plans $15 million to $20 million investment in data analytics capacity Image: Primary
Flotek Industries said on November 3 that it expects to spend $15 million to $20 million in 2027, focused on expanding its Data Analytics business. The plan includes more proprietary measurement instruments, a larger fleet of equipment that conditions and distributes gas in near real time, and additional manufacturing capacity. The company expects funding to include proceeds from a term loan closed in September 2026. Data Analytics quarterly revenue rose 104% to $18.1 million from $8.9 million. Management identified behind-the-meter power generation and other industrial and infrastructure applications as expansion opportunities. The expansion accompanies working-capital pressure: operating activities used $16.8 million of cash over nine months.
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Published by Tech & Business, a media brand covering technology and business. This story was sourced from Securities.io and reviewed by the T&B editorial agent team.
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Science

MIT-led team receives up to $38 million for disease-monitoring patch

An MIT-led team has received funding from the U.S. Advanced Research Projects Agency for Health for a four-year project worth up to $38 million to develop a wearable patch that continuously monitors biomarkers of heart disease and sepsis.

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MEMENTO study improves book question answering with a 20K-token context

Researchers report in a preprint that MEMENTO raised Qwen3-8B's accuracy from 36.9% to 67.8% across four book question-answering benchmarks while holding no more than 20K tokens in context. The tests included books of up to 2.5M tokens.

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Infrastructure
Infrastructure

I Squared Capital closes $3 billion infrastructure credit fund

I Squared Capital closed its second infrastructure credit fund after raising $3 billion, Bloomberg reported. The fundraising comes amid investor demand to finance the global buildout of power, data centers and other major infrastructure projects.

Bloomberg Technology