Electromagnetic Geoservices

Trondheim, Norway Founded: 2002 • Age: 24 yrs
3D electromagnetic data provider for offshore oil and gas exploration
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About Electromagnetic Geoservices

Electromagnetic Geoservices is a company based in Trondheim (Norway) founded in 2002.. Electromagnetic Geoservices has raised $30 million across 1 funding round. The company has 16 employees as of December 31, 2021. Electromagnetic Geoservices offers products and services including CSEM Data Acquisition, MT Data Acquisition, EM Processing Software, and Multi-Client Library. Electromagnetic Geoservices operates in a competitive market with competitors including Petroleum Geo Services, Acceleware, MicroSeismic, Wireless Seismic and ION Geophysical, among others.

  • Headquarter Trondheim, Norway
  • Employees 16 as on 31 Dec, 2021
  • Sectors
    Energy & Utilities
  • Email
    ***********
  • Phone
    *********
  • Website
    *********
  • Social
    *********
  • Legal Name Electromagnetic Geoservices Asa
Operational Areas
Energy & Utilities → Oil & Gas
Key Metrics
  • Annual Revenue
  • Net Profit
  • EBITDA
  • Total Equity Funding
    $30 M (USD)

    in 1 rounds

  • Latest Funding Round
    $30 M (USD), Series A

    Jun 22, 2010

  • Investors
  • Employee Count
    16

    as on Dec 31, 2021

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Products & Services of Electromagnetic Geoservices

Electromagnetic Geoservices offers a comprehensive portfolio of products and services, including CSEM Data Acquisition, MT Data Acquisition, EM Processing Software, and Multi-Client Library. 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.

Primary

Service for acquiring electromagnetic data in marine environments

Method for collecting geophysical data using magnetotellurics

Tools for processing and inverting electromagnetic survey data

Access to shared geophysical data for exploration purposes

People of Electromagnetic Geoservices
Headcount 200-500
Employee Profiles 17
Board Members and Advisors 2
Employee Profiles
People
Dag Helland-Hansen
EVP Global Sales And Markting
People
Anders Eimstad
Chief Financial Officer
People
Bjørn Petter Lindhom
CEO
People
Atle Johan Bull Lund
VP Global Operations

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Board Members and Advisors
people
Frederik W. Mohn
Chairman
people
Jørgen Westad
Board Member

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Funding Insights of Electromagnetic Geoservices

Electromagnetic Geoservices has successfully raised a total of $30M through 1 strategic funding round. The most recent funding activity was a Series A round of $30 million completed in June 2010. 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
  • Total Rounds 1
  • Last Round Series A — $30.0M
  • First Round

    (22 Jun 2010)

  • Investors Count
Date Amount Transaction Name Valuation Lead Investors Investors
Jun, 2010 Amount Series A - Electromagnetic Geoservices Valuation

investors

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

Investments & Acquisitions by Electromagnetic Geoservices

Investments
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 - Electromagnetic Geoservices

Tata Steel revenue growth over time
Tata Steel profit and loss trends over time
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

Electromagnetic Geoservices Comparisons

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Competitors of Electromagnetic Geoservices

Electromagnetic Geoservices 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 Petroleum Geo Services, Acceleware, MicroSeismic, Wireless Seismic and ION Geophysical, 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
Provider of marine-focused geophysical services
domain founded_year HQ Location
Seismic imaging software and enhanced oil recovery solutions are provided.
domain founded_year HQ Location
Microseismic monitoring services for hydrocarbon exploration and production are provided.
domain founded_year HQ Location
Developers of wireless seismic recording systems
domain founded_year HQ Location
AI-driven seismic solutions are provided for oil and gas exploration.
domain founded_year HQ Location
Seismic data is analyzed and processed for hydrocarbon identification.
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 Electromagnetic Geoservices

Frequently Asked Questions about Electromagnetic Geoservices

When was Electromagnetic Geoservices founded?

Electromagnetic Geoservices was founded in 2002 and raised its 1st funding round 8 years after it was founded.

Where is Electromagnetic Geoservices located?

Electromagnetic Geoservices is headquartered in Trondheim, Norway. It is registered at Trondheim, Trøndelag, Norway.

Is Electromagnetic Geoservices a funded company?

Electromagnetic Geoservices is a funded company, having raised a total of $30M across 1 funding round to date. The company's 1st funding round was a Series A of $30M, raised on Jun 22, 2010.

How many employees does Electromagnetic Geoservices have?

As of Dec 31, 2021, the latest employee count at Electromagnetic Geoservices is 16.

What does Electromagnetic Geoservices do?

Electromagnetic Geoservices was founded in 2002 in Trondheim, Norway, and operates in the offshore oil and gas exploration sector. 3D electromagnetic data is supplied to support exploration activities. Services include the Inversion tool for depth-conversion and geo-model testing, as well as EMU for electromagnetic surveying simulations and technical assessments. Data insights are offered on portfolio polarization, hydrocarbon levels, well placement, and exploration decision-making.

Who are the top competitors of Electromagnetic Geoservices?

Electromagnetic Geoservices's top competitors include Petroleum Geo Services, Acceleware and MicroSeismic.

What products or services does Electromagnetic Geoservices offer?

Electromagnetic Geoservices offers CSEM Data Acquisition, MT Data Acquisition, EM Processing Software, and Multi-Client Library.

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