About Acceleware
Acceleware is a publicly listed company based in Calgary (Canada) founded in 2004 by Michal Okoniewski. Seismic imaging software and enhanced oil recovery solutions are provided. Its chief executive, as recorded, is Geoff Clark. Acceleware offers products and services including RF XL and EM Powered Heat. Its focus areas include Energy Tech, Oil & Gas Tech, Upstream and Exploration. Its legal entity is Acceleware Ltd.
Company details
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.
- Headquarters Calgary, Canada
- Founders Michal Okoniewski
- Stage Public
- SectorsEnergy & Utilities
- Phone•••• ••••
- Website acceleware.com
- Social LinkedIn X Facebook Instagram
- Legal Name Acceleware Ltd.
- Annual Revenue$525.26 K (USD)-86.26as on Dec 31, 2025
- Net Profit-$1.36 M (USD)-192.94as on Dec 31, 2025
- EBITDA-$1.31 M (USD)-230.93as on Dec 31, 2025
- Latest Funding Round$1.1M (USD), Post-IPO
Jun 2025
- InvestorsCRIN
& 2 more
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 Rounds 9
- Last Round Post-IPO — $1.1M
- First Round $2.93M
(Jan 2007)
- Investors Count 3
All 9 funding rounds of Acceleware with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun 2025 | $1.1M | Post-IPO | – | – | – |
| Nov 2023 | $3M | Grant | – | – | |
| Jun 2023 | $333,590 | Post-IPO | – | – | – |
| Oct 2022 | Post-IPO | – | – | – | |
| Apr 2022 | $715,000 | Post-IPO | – | – | – |
| Jul 2018 | $2M | Post-IPO | – | – | – |
| Sep 2017 | $1.25M | Post-IPO | – | – | – |
| Oct 2016 | $1.18M | Post-IPO | – | – | |
| Jan 2007 | $2.93M | Post-IPO | – | – |
3 investors in total: 3 institutional.
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 |
|---|---|---|---|---|
Resource Equity Partners is focused on energy transition investments. | resourcemc.com | |||
AI and data science startups are accelerated through specialized support. | nvidia.com/en-us/deep-learning-ai/startups | Santa Clara, United States | ||
Natural gas extraction and emissions are managed innovatively. | 2017 | cleanresourceinnovation.com | Calgary, Canada |
Investor details for Acceleware
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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People of Acceleware
2 people are tracked at Acceleware (2 in leadership).
| Name | Role | Group |
|---|---|---|
Michal Okoniewski | Co-Founder & CSO | Leadership |
Geoff Clark | CEO | Leadership |
Complete people profiles for Acceleware
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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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.
- IPO date19 Jan 2006
- Listed onTSX-V: AXE
- Listed entityAcceleware Ltd.
- Exchange sectorDistribution services
- ISINCA00433V1085
- Share price0.07 CAD (-11.76% on the day) · 2026-10-13
- Market capitalisation10,734,664.00 CAD
- EPS (diluted, trailing year)-0.02 CAD
- Volume (last session)13,320
Financials of Acceleware
| Year | Revenue | Net income | EBITDA |
|---|---|---|---|
| 2025 | 719,180 CAD | -1.9M CAD | -1.8M CAD |
| 2024 | 5.2M CAD | 2.0M CAD | 1.4M CAD |
| 2023 | 279,010 CAD | -2.0M CAD | -4.5M CAD |
| 2022 | 328,290 CAD | -5.1M CAD | -7.4M CAD |
| 2021 | 752,770 CAD | -4.1M CAD | -13.6M CAD |
Detailed financial statements for Acceleware
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Acceleware
4 dated milestones of Acceleware across 21 years, from founding to its latest funding, stage changes and deals.
- Founded Acceleware is founded.
- IPO Lists on the stock exchange (IPO).
- Funding First funding round of $2.9M.
- Funding Latest funding round, Post-IPO, of $1.1M.
Web traffic of Acceleware
The website of Acceleware (acceleware.com) receives about 1.7K visits a month.
- Monthly visits1.7K
▲ 28.4% vs previous month
Websites whose visitors overlap most with Acceleware. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
hpcwire.com | hpcwire.com | 100% | #281,250 | – | |
| synopsys.com | 99% | 1.2M | #47,300 | View details | |
 cuda-programming.blogspot.com | cuda-programming.blogspot.com | 86% | #14,568,531 | – | |
| quartetservice.com | 78% | View details | |||
gpgpu.org | gpgpu.org | 73% | – | ||
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 10 similar websites and full traffic analytics for Acceleware
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- 10 similar websites
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Related news about Acceleware
Complete news archive for Acceleware
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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 CEO of Acceleware, as recorded in our data.
Annual revenue of Acceleware is $525.26K as on Dec 31, 2025.
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 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.
Acceleware operates through Acceleware Ltd..