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.
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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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.
| 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 |
Investments & Acquisitions by Acceleware
Financial Statements - Acceleware
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.
| 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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Frequently Asked Questions about Acceleware
Acceleware was founded in 2004 and raised its 1st funding round 3 years after it was founded.
Acceleware is headquartered in Calgary, Canada. It is registered at Calgary, Alberta, Canada.
Geoff Clark is the current CEO of Acceleware.
Annual revenue of Acceleware is $3.63M as on Dec 31, 2024.
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.
Acceleware's top competitors include Petroleum Geo Services, MicroSeismic and Electromagnetic Geoservices.
Acceleware offers RF XL and EM Powered Heat.
Yes, Acceleware is publicly traded on TSXV under the ticker symbol AXE.
Acceleware has 3 investors. Key investors include CRIN, Resource Equity Partners, and Deep Learning.
The ticker symbol of Acceleware is AXE on TSXV.