About BidOut
BidOut is an Energy & Utilities company based in Houston (United States) founded in 2021 by Tyler Cherry and Rodney Giles, and was acquired by Enverus in August 2024. BidOut offers products and services including Enverus RFx, Commodity Data Solutions, and Data Catalog. Its focus areas include Energy Tech, Oil & Gas Tech, Tech for Vertically Integrated Players and Procurement Management. Its competitors include AspenTech, SitePro and ComboCurve; 3 of its 3 listed competitors have raised funding.
Company details
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.
- Headquarters Houston, United States
- Founders Tyler Cherry, Rodney Giles
- Stage Acquired
- SectorsEnergy & Utilities
- Email••••••••
- Phone•••• ••••
- Website bidout.app
- Social LinkedIn YouTube
- Acquired by Enverus (Aug 2024)
Products & Services of BidOut
BidOut offers a comprehensive portfolio of products and services, including Enverus RFx, Commodity Data Solutions, and Data Catalog.
Platform for oilfield bidding and supplier management
Tools for trading decisions and market data access
Centralized source for energy and commodity datasets
Apps and channels of BidOut
its YouTube channel Enverus Energy has 1.64K subscribers and 30 videos.
Videos from BidOut
The most watched videos on BidOut's YouTube channel, Enverus Energy (1.64K subscribers). Click a video to play it here.
More on Enverus Energy.
Funding Insights of BidOut
- Total Rounds 1
- Investors Count 1
All 1 funding rounds of BidOut 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 2022 | Seed | – | Ascent Energy Ventures | – |
2 investors in total: 2 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investments in digital transformation of the energy industry are facilitated by Ascent Energy Ventures. | ascentev.com | Denver, United States | ||
Business intelligence software is delivered for energy and industrial sectors. | 1999 | enverus.com | Austin, United States |
Investor details for BidOut
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
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Verified entity values are shown only after access is granted.
People of BidOut
4 people are tracked at BidOut (3 in leadership, 1 in team).
| Name | Role | Group |
|---|---|---|
Tyler Cherry | Co-Founder | Leadership |
Rodney Giles | Co-Founder | Leadership |
Rodney D. Giles | CEO | Leadership |
Brian R. Smith | Corporate Advisor | Team |
Complete people profiles for BidOut
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
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Verified entity values are shown only after access is granted.
Timeline of BidOut
3 dated milestones of BidOut across 3 years, from founding to its latest funding, stage changes and deals.
- Founded BidOut is founded.
- Funding First funding round.
- Exit Acquired by Enverus.
Competitors of BidOut
BidOut has 3 listed competitors in our database, 3 of them funded. They include AspenTech, SitePro and ComboCurve.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| aspentech.com | 1981 | Bedford, United States | $100M | 786 | AI-based software for manufacturing process optimization is offered. | |
| sitepro.com | 2012 | San Antonio, United States | $16.15M | 67 | Provider of cloud-based software solutions for water and wastewater management | |
| combocurve.com | 2017 | Humble, United States | $50M | Cloud-based solutions for oil and gas operations are provided. |
Detailed competitors of BidOut
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
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Top companies in Oil & Gas Technology Solutions
3 companies that operate in the same segment as BidOut (Oil & Gas Technology Solutions) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
AI-based software for manufacturing process optimization is offered. | 1981 | Bedford, United States | USD 100 M | USD 5.21 M | 64 | |
Cloud infrastructure and AI-optimized data centers are provided. | 2018 | Denver, Colorado, United States | USD 6.67 B | 1,820 | ||
AI-driven urban datasets and analysis tools are offered by Urbint. | 2015 | New York, New York, United States | USD 130.08 M |
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Related news about Bidout
Complete news archive for BidOut
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Frequently Asked Questions about BidOut
BidOut was founded in 2021 and raised its 1st funding round 1 year after it was founded.
BidOut is headquartered in Houston, United States. It is registered at Houston, Texas, United States.
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.
BidOut's top competitors include AspenTech, SitePro and ComboCurve.
BidOut offers Enverus RFx, Commodity Data Solutions, and Data Catalog.
BidOut has 2 investors. Key investors include Enverus, and Ascent Energy Ventures.
Yes. BidOut was acquired by Enverus in August 2024.