About CannSeal
CannSeal is a company based in Stavanger (Norway) founded in 2008 was acquired by Interwell in November 2020. CannSeal has raised $2.2 million across 2 funding rounds from investors including Sumitomo Corporation, Equinor and Interwell. The company has 15 employees. CannSeal operates in a competitive market with competitors including Silixa, Fotech, Raptor Oil, LUX Assure and Servelec Technologies, among others.
- Headquarter Stavanger, Norway
- Employees 15
- SectorsEnergy & Utilities
- Email••••••••
- Phone•••• ••••
- Website cannseal.com
- Social LinkedIn
- Acquired by Interwell (Nov 2020)
- Legal Name Cannseal As
- Annual Revenue$1.44 M (USD)21as on Dec 31, 2017
- Net Profit-$5.83 M (USD)-62as on Dec 31, 2017
- Total Equity Funding$2.2M (USD)
in 2 rounds
- Latest Funding Round$2.2M (USD), Series A
Oct 2016
- InvestorsSumitomo Corporation
& 3 more
- Employee Count15
- Acquired byInterwell
(Nov 2020)
Funding Insights of CannSeal
CannSeal has successfully raised a total of $2.2M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $2.2 million completed in October 2016. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $2.2M
- Total Rounds 2
- Last Round Series A — $2.2M
- Investors Count 3
All 2 funding rounds of CannSeal 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 |
|---|---|---|---|---|---|
| Oct 2016 | $2.2M | Series A | – | – | |
| Dec 2015 | – | Series A | – | – |
4 investors in total: 4 institutional.
Investors in CannSeal
CannSeal has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include Sumitomo Corporation, Equinor and Interwell.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage startups are targeted for investment by Aramco Ventures. | – | aramcoventures.com | Dhahran, Saudi Arabia | |
Diversified conglomerate operating across multiple industries | 1919 | sumitomocorp.com | Tokyo, Japan | |
Petroleum, natural gas, petrochemicals, and electrical power are produced globally. | 1972 | equinor.com | Stavanger, Norway | |
Provider of well construction and maintenance solutions for the energy sector | 1992 | interwell.com | Stavanger, Norway |
Investor details for CannSeal
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Timeline of CannSeal
4 dated milestones of CannSeal across 12 years, from founding to its latest funding, stage changes and deals.
- Founded CannSeal is founded.
- Funding First funding round.
- Funding Latest funding round, Series A, of $2.2M.
- Exit Acquired by Interwell.
Competitors of CannSeal
CannSeal 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 Silixa, Fotech, Raptor Oil, LUX Assure and Servelec Technologies, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| silixa.com | 2007 | London, United Kingdom | $18M | 120 | Provider of fibre optic monitoring solutions for the oil and gas industry | |
| fotech.com | 2008 | Fleet, United Kingdom | $9.39M | 53 | AI and photonics monitoring solutions are delivered for energy infrastructure. | |
| raptor-oil.com | 2011 | Shoreview, United States | $7.48M | 21 | Acoustics-based wireless communication tool for in-well deployment | |
| luxassure.com | 2001 | Edinburgh, United Kingdom | $9.18M | 16 | Offers advanced chemical monitoring technology for the oil and gas industry. | |
| servelectechnologies.com | 1977 | Sheffield, United Kingdom | – | 47 | Remote telemetry units and software products for water, oil & mining industry | |
| atrpsolutions.com | 2006 | Pittsburgh, United States | $5.03M | 8 | Specialty polymers are manufactured via ATRP for targeted properties. | |
| acousticdata.com | 2011 | London, United Kingdom | $8M | 13 | Provider of wireless, acoustic, real-time well monitoring system to oil & gas production companies | |
| sealforlife.com | 2010 | Stadskanaal, Netherlands | – | – | Corrosion prevention and control solutions provider for the oil & gas industry | |
| evcam.com | 2000 | Norwich, United Kingdom | – | 46 | Well diagnosis cameras are designed for high-temperature and high-pressure environments. |
Detailed competitors of CannSeal
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Latest news on Cannseal
Complete news archive for CannSeal
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Similar companies to CannSeal
10 companies that operate in the same segment as CannSeal (Oil & Gas Technology Solutions), 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 5.44 B | – | 242 | |
Provider of AI-driven ROVs and services for inspection of ships | 2015 | Bristol, England, United Kingdom | USD 38.48 M | – | – | |
AI-based software for production data analysis and collaboration is provided. | 2016 | Lysaker, Norway | USD 225 M | – | 1 | |
AI-driven urban datasets and analysis tools are offered by Urbint. | 2015 | New York, New York, United States | USD 130.08 M | – | – | |
Satellite imagery and geospatial analytics are utilized for water monitoring. | 2012 | Didcot, Oxfordshire, United Kingdom | USD 17.11 M | – | 46 | |
Cloud-based platform for oilfield management in energy sector. | 1998 | Houston, Texas, United States | USD 1.67 M | – | 305 | |
Cloud-based platform for operational simulation and predictive analytics is offered. | 2010 | Lausanne, Vaud, Switzerland | USD 28.7 M | – | – | |
Methane and VOC emissions are monitored via industrial IoT platforms. | 2015 | Cambridge, Massachusetts, United States | USD 34.71 M | – | – | |
Contractors and suppliers are managed via an online platform. | 2001 | Dallas, Texas, United States | – | – | – |
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
Frequently Asked Questions about CannSeal
CannSeal was founded in 2008 and raised its 1st funding round 7 years after it was founded.
CannSeal is headquartered in Stavanger, Norway. It is registered at Stavanger, Rogaland, Norway.
CannSeal is a funded company, having raised a total of $2.2M across 2 funding rounds to date.
CannSeal has 15 employees.
Annual revenue of CannSeal is $1.44M as on Dec 31, 2017.
CannSeal is a Norwegian company focused on developing technology solutions for enhanced oil recovery. The company has developed its proprietary annular isolation technology for enhanced oil recovery. The companys tool runs on a standard electrical mono-conductor cable, and the annular plug provides a durable seal after being injected and placed at the predefined location. This is all done in one single wireline operation. The system allows a designer epoxy to be deployed downhole to provide a durable annular seal. The company is a spin-off from the AGR Group.
CannSeal's top competitors include Fotech, Seal For Life Industries and Acoustic Data.
CannSeal has 4 investors. Key investors include Sumitomo Corporation, Equinor, Interwell, and Aramco Ventures.
CannSeal operates through Cannseal As.
Yes. CannSeal was acquired by Interwell in November 2020.