From high tech where he made his millions to owning the Dallas Mavericks, businessman Mark Cuban now is investing in oil and gas.
Using his Radical Investments, he’s become the first external investor of BetaZi, a firm described as an early-stage data science company. And Cuban’s excited about it.
“BetaZi is the definition of disruptive innovation for oil and gas production forecasting,” he said in an issued statement. “Its new model has physics, big data statistics and machine learning combined for the first time to automatically produce the most accurate forecasts available, and that’s why I’ve invested in them.”
He said the industry should look for some incredible products to come out of the company soon. Reports indicated BetzZi CEO Janette Conradson contacted Cuban when she decided to take outside investments so the company could speed product development and market penetration.
“Mark’s promotion of the company comes at an exciting time for us,” said Conradson. “We welcome the buzz generated by his involvement as enthusiastically as we do his investment capital. Let’s face it—-Mark Cuban is a big deal.”