About BidOut
BidOut is a company based in Houston (United States) founded in 2021 by Tyler Cherry and Rodney Giles was acquired by Enverus in August 2024.. BidOut offers products and services including Enverus RFx, Commodity Data Solutions, and Data Catalog. BidOut operates in a competitive market with competitors including AspenTech, CSE Global, Aker Solutions, SitePro and ComboCurve, among others.
- Headquarter Houston, United States
- Founders Tyler Cherry, Rodney Giles
-
Sectors
Energy & Utilities
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of BidOut
BidOut offers a comprehensive portfolio of products and services, including Enverus RFx, Commodity Data Solutions, and Data Catalog. 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.
Platform for oilfield bidding and supplier management
Tools for trading decisions and market data access
Centralized source for energy and commodity datasets
Unlock access to complete
Unlock access to complete
Funding Insights of BidOut
- Total Funding Total Funding
- Total Rounds 1
- Last Round Last Round
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2022 | Amount | Seed - BidOut | Valuation | Ascent Energy Ventures |
|
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in BidOut
BidOut has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Enverus and Ascent Energy Ventures. 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 |
|---|---|---|---|---|
|
Investments in digital transformation of the energy industry are facilitated by Ascent Energy Ventures.
|
Founded Year | Domain | Location | |
|
Business intelligence software is delivered for energy and industrial sectors.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by BidOut
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - BidOut
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Bidout Comparisons
Competitors of BidOut
BidOut 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 AspenTech, CSE Global, Aker Solutions, SitePro and ComboCurve, 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 |
AI-based software for manufacturing process optimization is offered.
|
|
| domain | founded_year | HQ Location |
System integration and automation solutions are provided for industrial applications.
|
|
| domain | founded_year | HQ Location |
Diversified solutions for oil and gas operations are provided worldwide.
|
|
| domain | founded_year | HQ Location |
Provider of cloud-based software solutions for water and wastewater management
|
|
| domain | founded_year | HQ Location |
Cloud-based solutions for oil and gas operations are provided.
|
|
| domain | founded_year | HQ Location |
Wireless M2M solutions for industrial IoT applications are delivered.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Bidout
Frequently Asked Questions about BidOut
When was BidOut founded?
BidOut was founded in 2021 and raised its 1st funding round 1 year after it was founded.
Where is BidOut located?
BidOut is headquartered in Houston, United States. It is registered at Houston, Texas, United States.
What does BidOut do?
Online oil and gas procurement platform. The platform allows engineers, procurement departments, and service companies to find new service providers, send out RFPs, standardize bid formats, automate the procurement process, and more.
Who are the top competitors of BidOut?
BidOut's top competitors include AspenTech, SitePro and CSE Global.
What products or services does BidOut offer?
BidOut offers Enverus RFx, Commodity Data Solutions, and Data Catalog.
Who are BidOut's investors?
BidOut has 2 investors. Key investors include Enverus, and Ascent Energy Ventures.