About Acceleware
Acceleware is a company based in Calgary (Canada) founded in 2004 by Michal Okoniewski.. Acceleware offers products and services including RF XL and EM Powered Heat. Acceleware operates in a competitive market with competitors including Petroleum Geo Services, MicroSeismic, Wireless Seismic, ION Geophysical and Electromagnetic Geoservices, among others.
- Headquarter Calgary, Canada
- Founders Michal Okoniewski
- Stage Public
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Sectors
Energy & Utilities
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Phone
*********
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Website
*********
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Social
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- Legal Name Acceleware Ltd.
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Annual Revenue
$3.63 M (USD)1775.57as on Dec 31, 2024
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Net Profit
$1.39 M (USD)197.56as on Dec 31, 2024
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EBITDA
$959.13 K (USD)130.33as on Dec 31, 2024
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Latest Funding Round
$1.1 M (USD), Post-IPO
Jun 30, 2025
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Investors
CRIN
& 2 more
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Employee Count
Employee Count
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IPO & Listings of Acceleware
Acceleware is a publicly listed company on the TSXV with ticker symbol AXE in Canada, operating in the Distribution services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Acceleware
Acceleware offers a comprehensive portfolio of products and services, including RF XL and EM Powered Heat. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Electromagnetic system for enhanced recovery in heavy oil production
Technology for decarbonizing process heat in mining and other sectors
Funding Insights of Acceleware
- Total Funding Total Funding
- Total Rounds 9
- Last Round Post-IPO — $1.1M
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First Round
First Round
(22 Jan 2007)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2025 | Amount | Post-IPO - Acceleware | Valuation |
investors |
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| Nov, 2023 | Amount | Grant - Acceleware | Valuation |
investors |
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| Jun, 2023 | Amount | Post-IPO - Acceleware | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Acceleware
Acceleware has secured backing from 3 investors, including institutional and venture fund investors. Prominent investors backing the company include CRIN, Resource Equity Partners and Deep Learning. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Resource Equity Partners is focused on energy transition investments.
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Founded Year | Domain | Location | |
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AI and data science startups are accelerated through specialized support.
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Founded Year | Domain | Location | |
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Natural gas extraction and emissions are managed innovatively.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Acceleware
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Acceleware
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Acceleware Comparisons
Competitors of Acceleware
Acceleware operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Petroleum Geo Services, MicroSeismic, Wireless Seismic, ION Geophysical and Electromagnetic Geoservices, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provider of marine-focused geophysical services
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| domain | founded_year | HQ Location |
Microseismic monitoring services for hydrocarbon exploration and production are provided.
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| domain | founded_year | HQ Location |
Developers of wireless seismic recording systems
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| domain | founded_year | HQ Location |
AI-driven seismic solutions are provided for oil and gas exploration.
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| domain | founded_year | HQ Location |
3D electromagnetic data provider for offshore oil and gas exploration
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Acceleware
Frequently Asked Questions about Acceleware
When was Acceleware founded?
Acceleware was founded in 2004 and raised its 1st funding round 3 years after it was founded.
Where is Acceleware located?
Acceleware is headquartered in Calgary, Canada. It is registered at Calgary, Alberta, Canada.
Who is the current CEO of Acceleware?
Geoff Clark is the current CEO of Acceleware.
What is the annual revenue of Acceleware?
Annual revenue of Acceleware is $3.63M as on Dec 31, 2024.
What does Acceleware do?
Acceleware was founded in 2004 in Calgary, Canada, as a provider of seismic imaging software and enhanced oil recovery technologies for the energy sector. Operations focus on subsurface modeling and simulation tools, including AxFWI for full waveform inversion, AxRTM for reverse time migration, and AxWave for seismic wave propagation. These solutions support integration into existing frameworks to improve velocity models and imaging accuracy in oil and gas exploration.
Who are the top competitors of Acceleware?
Acceleware's top competitors include Petroleum Geo Services, MicroSeismic and Electromagnetic Geoservices.
What products or services does Acceleware offer?
Acceleware offers RF XL and EM Powered Heat.
Is Acceleware publicly traded?
Yes, Acceleware is publicly traded on TSXV under the ticker symbol AXE.
Who are Acceleware's investors?
Acceleware has 3 investors. Key investors include CRIN, Resource Equity Partners, and Deep Learning.
What is Acceleware's ticker symbol?
The ticker symbol of Acceleware is AXE on TSXV.