About Geomec
Geomec is a company based in Stavanger (Norway) founded in 2002. Geomec has raised $2.6 million across 3 funding rounds from investors including Gov.uk, Norwegian Research Council and Aramco Ventures. The company has 6 employees as of December 31, 2021. Geomec offers products and services including Subsurface Engineering Services. Geomec operates in a competitive market with competitors including Bluware, Lotus Creek, NobleGas Scientific, Deepsinai and EmPact AI, among others.
- Headquarter Stavanger, Norway
- Employees 6 as on 31 Dec, 2021
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Sectors
Energy & 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
$746.32 K (USD)-15as on Dec 31, 2021
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Net Profit
$28.55 K (USD)125as on Dec 31, 2021
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EBITDA
$28.55 K (USD)125as on Dec 31, 2021
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Total Equity Funding
$2.6 M (USD)
in 3 rounds
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Latest Funding Round
$2.6 M (USD), Series A
Aug 17, 2016
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Investors
Gov.uk
& 2 more
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Employee Count
6
as on Dec 31, 2021
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Products & Services of Geomec
Geomec offers a comprehensive portfolio of products and services, including Subsurface Engineering Services.
Services for enhancing oil recovery and managing CO2 storage safely.
People of Geomec
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Funding Insights of Geomec
Geomec has successfully raised a total of $2.6M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $2.6 million completed in August 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.
Investors in Geomec
Geomec has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include Gov.uk, Norwegian Research Council and Aramco Ventures.
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Early-stage startups are targeted for investment by Aramco Ventures.
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Online government services and information are provided to users.
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Research policy advice is provided to the Norwegian government.
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Investor details for Geomec
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Investments & Acquisitions by Geomec
Investment portfolio details for Geomec
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Financial Statements - Geomec
Detailed financials for Geomec
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Geomec Comparisons
Peer comparison for Geomec
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Competitors of Geomec
Geomec 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 Bluware, Lotus Creek, NobleGas Scientific, Deepsinai and EmPact AI, among others.
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Provider of cloud and AI-driven analytics solutions for the oil and gas upstream industry
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Oil and gas exploration platform
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Produces high-quality ultra-high vacuum systems for industrial and scientific applications.
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DeepsinAI utilizes AI and machine learning for oil and gas efficiency improvements.
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AI-powered SaaS for accurate 3D subsurface infrastructure analysis and cost reduction.
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Detailed competitors of Geomec
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Latest news on Geomec
Complete news archive for Geomec
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Frequently Asked Questions about Geomec
Geomec was founded in 2002 and raised its 1st funding round 11 years after it was founded.
Geomec is headquartered in Stavanger, Norway. It is registered at Stavanger, Rogaland, Norway.
Geomec is a funded company, having raised a total of $2.6M across 3 funding rounds to date.
As of Dec 31, 2021, the latest employee count at Geomec is 6.
Annual revenue of Geomec is $746.32K as on Dec 31, 2021.
Geomec was founded in 2002 in Stavanger, Norway, with a focus on the oil and gas sector. Software solutions and subsurface injection services are provided to support operations in disposal, pressure-support, and shale-stimulation wells. The GeoTool Inject platform is utilized for monitoring and analysis of injection activities. Operations are centered in Norway, serving international energy companies through specialized tools for subsurface management.
Geomec's top competitors include Bluware, Lotus Creek and NobleGas Scientific.
Geomec offers Subsurface Engineering Services.
Geomec has 3 investors. Key investors include Gov.uk, Norwegian Research Council, and Aramco Ventures.