About FutureOn
FutureOn is a company based in Oslo (Norway) founded in 2016 was acquired by Kongsberg Digital in May 2023.. FutureOn offers products and services including FieldTwin, FT Design, and FT Collaborate. FutureOn operates in a competitive market with competitors including ServiceMax, irth Solutions, Aker Solutions, VistaVu Solutions and Corva, among others.
- Headquarter Oslo, 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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- Legal Name Futureon A.S.
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
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Investors
Kongsberg Digital
& 3 more
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Employee Count
Employee Count
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Acquired by
Kongsberg Digital
(May 02, 2023)
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Products & Services of FutureOn
FutureOn offers a comprehensive portfolio of products and services, including FieldTwin, FT Design, and FT Collaborate. 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 real-time energy field design and collaboration
Tool to build and optimize field layouts with real-world coordinates
Secure platform for sharing and editing field data across teams
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Funding Insights of FutureOn
- Total Funding Total Funding
- Total Rounds 4
- Last Round Last Round
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First Round
First Round
(01 Aug 2019)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Oct, 2020 | Amount | Seed - FutureOn | Valuation | Bentley Acceleration Fund |
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| Aug, 2020 | Amount | Grant - FutureOn | Valuation |
investors |
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| Nov, 2019 | Amount | Grant - FutureOn | 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 FutureOn
FutureOn has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include Kongsberg Digital, European Union and Bentley Acceleration Fund. 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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Venture capital fund focused on tech startups
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Founded Year | Domain | Location | |
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Government agency and accelerator focusing on innovative startups and SMEs
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Founded Year | Domain | Location | |
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Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability
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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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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by FutureOn
| 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 - FutureOn
| 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 |
Futureon Comparisons
Competitors of FutureOn
FutureOn 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 ServiceMax, irth Solutions, Aker Solutions, VistaVu Solutions and Corva, 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 |
Cloud-based software is provided for field service and asset management.
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| domain | founded_year | HQ Location |
Cloud-based workforce management solutions are provided for infrastructure risks.
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| domain | founded_year | HQ Location |
Diversified solutions for oil and gas operations are provided worldwide.
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| domain | founded_year | HQ Location |
Provider of cloud-based software solutions for the oil and gas industry
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| domain | founded_year | HQ Location |
Platform for real-time energy analytics and data insights in oil and gas.
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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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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
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 Futureon
Frequently Asked Questions about FutureOn
When was FutureOn founded?
FutureOn was founded in 2016 and raised its 1st funding round 3 years after it was founded.
Where is FutureOn located?
FutureOn is headquartered in Oslo, Norway. It is registered at Oslo, Oslo, Norway.
What does FutureOn do?
FutureOn provides a cloud-based digital twin platform for asset management and data visualization of upstream companies. Offers FieldAp, which is a Field Activity Planner that can be used for asset 3D visualization, field layout modelling, metadata storage, easy switch between 2D 3D layouts, project dashboarding, operations planning, and interfacing with the back-end system. Also provides FieldTwin, which a digital offshore asset representation solution with real-time data capturing capabilities which can be used for prediction, equipment monitoring, maintenance, well-production other well operations. The digital field twin can be integrated with IoT devices, sensors robotic tools for real-time monitoring of equipment status, well-flow rates, production values, vessel locations field engineering.
Who are the top competitors of FutureOn?
FutureOn's top competitors include ServiceMax, irth Solutions and Aker Solutions.
What products or services does FutureOn offer?
FutureOn offers FieldTwin, FT Design, and FT Collaborate.
Who are FutureOn's investors?
FutureOn has 4 investors. Key investors include Kongsberg Digital, European Union, Bentley Acceleration Fund, and EIC Fund.
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