About eDrilling
eDrilling is a company based in Stavanger (Norway) founded in 2008.. eDrilling offers products and services including Well Construction Software, AI-powered Engineers, and Project Green Light. eDrilling operates in a competitive market with competitors including Nabors, Aker Solutions, Pason, Ulterra and Enhanced Drilling, among others.
- Headquarter Stavanger, Norway
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Sectors
TechnologyEnergy & Utilities
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Email
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
$1 M (USD), Grant
Nov 01, 2022
- Investors
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Employee Count
Employee Count
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Products & Services of eDrilling
eDrilling offers a comprehensive portfolio of products and services, including Well Construction Software, AI-powered Engineers, and Project Green Light. 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.
AI tool for energy well construction processes.
Specialized AI for industry-specific tasks.
AI initiative for operational and sustainability goals.
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Software Development Team
2 people
Leadership Team
1 people
Frontend Team
1 people
Finance and Accounting
1 people
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Funding Insights of eDrilling
- Total Funding Total Funding
- Total Rounds 1
- Last Round Grant — $1.0M
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First Round
First Round
(01 Nov 2022)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Nov, 2022 | Amount | Grant - eDrilling | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in eDrilling
eDrilling has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include gassnova. 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 |
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Full-scale CCS project in Norway is matured by Gassnova.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Investments & Acquisitions by eDrilling
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - eDrilling
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Edrilling Comparisons
Competitors of eDrilling
eDrilling 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 Nabors, Aker Solutions, Pason, Ulterra and Enhanced Drilling, 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 |
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| domain | founded_year | HQ Location |
Cloud and app-based onshore and offshore drilling solutions are provided.
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Diversified solutions for oil and gas operations are provided worldwide.
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| domain | founded_year | HQ Location |
Integrated drilling data solutions are provided for real-time optimization.
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Manufacturer of polycrystalline diamond compact drill bits
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Technology solutions for drilling industry
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| domain | founded_year | HQ Location |
Cloud-based digital twin software is provided for oilfield asset management.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Edrilling
Frequently Asked Questions about eDrilling
When was eDrilling founded?
eDrilling was founded in 2008 and raised its 1st funding round 14 years after it was founded.
Where is eDrilling located?
eDrilling is headquartered in Stavanger, Norway. It is registered at Stavanger, Rogaland, Norway.
Who is the current CEO of eDrilling?
Toni Fadnes is the current CEO of eDrilling.
What does eDrilling do?
Founded in 2008 in Stavanger, Norway, eDrilling operates in the oil and gas sector by developing 3D simulation software for well-drilling. A digital twin platform is provided, incorporating advanced dynamic drilling models and diagnostic technology within virtual wellbores. Modules are offered for planning, design, scenario development, training, operations, and analysis, covering aspects such as well planning, wellhead management, and well balancing.
Who are the top competitors of eDrilling?
What products or services does eDrilling offer?
eDrilling offers Well Construction Software, AI-powered Engineers, and Project Green Light.
Who are eDrilling's investors?
eDrilling has 1 investor. Key investors include gassnova.