Ikon Science

Twickenham, United Kingdom Founded: 2001 • Age: 25 yrs Acquired By Great Hill Partners
Software for reservoir modeling and exploration estimations for oil gas companies
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About Ikon Science

Ikon Science is a company based in Twickenham (United Kingdom) founded in 2001 by Martyn Millwood Hargrave was acquired by Great Hill Partners in October 2018.. The company has 126 employees as of March 31, 2022. Ikon Science has completed 2 acquisitions, including JRS Petroleum Research and Perigon Solutions. Ikon Science offers products and services including RokDoc, Curate, and Well Surveillance. Ikon Science operates in a competitive market with competitors including FEI Company, Process Systems Enterprise, GeoTeric, WellDog and Cognitive Geology, among others.

  • Headquarter Twickenham, United Kingdom
  • Employees 126 as on 31 Mar, 2022
  • Founders Martyn Millwood Hargrave
  • Sectors
    Energy & Utilities
  • Email
    ***********
  • Phone
    *********
  • Website
    *********
  • Social
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  • Legal Name Ikon Science Limited
  • Date of Incorporation 26 Feb, 2001
  • Jurisdiction SURBITON, ENGLAND
Operational Areas
Energy & Utilities → Oil & Gas
Key Metrics
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Products & Services of Ikon Science

Ikon Science offers a comprehensive portfolio of products and services, including RokDoc, Curate, and Well Surveillance. 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

Platform for rock physics modeling and seismic inversion in energy exploration.

Tool for subsurface data integration and knowledge management services.

Application for real-time well operations and risk reduction in drilling.

Funding Insights of Ikon Science

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

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Investors in Ikon Science

Ikon Science has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Great Hill Partners. 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.

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Venture Fund
Investor Description Founded Year Domain Location
Business acquisitions are targeted by the private equity firm.
Founded Year Domain Location
Investor Description Founded Year Domain Location
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
Founded Year Domain Location
Startup ecosystems are ignited through strategic investments by Signite Partners.
Founded Year Domain Location
Venture capital is directed toward companies in multiple sectors.
Founded Year Domain Location
Venture capital is invested in cybersecurity, fintech, and AI startups.
Founded Year Domain Location

Investments & Acquisitions by Ikon Science

Ikon Science has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include JRS Petroleum Research and Perigon Solutions. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.

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
Acquisitions
Company Name Description Domain Location Founded Year Amount
A platform for business intelligence and data visualization is provided.
2003
Provider of technology solutions for oil and gas exploration and production
2000
Company Name Description Domain Location Founded Year Amount
OVO is recognized as a smart digital payment application.
2017
Bionic investment advisor platform
2016
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
2014
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
2014

Financial Statements - Ikon Science

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

Ikon Science Comparisons

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Competitors of Ikon Science

Ikon Science 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 FEI Company, Process Systems Enterprise, GeoTeric, WellDog and Cognitive Geology, 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
TEM and SEM microscopy solutions for nanoscale imaging are manufactured.
domain founded_year HQ Location
Process modeling software and model-based engineering services are offered.
domain founded_year HQ Location
Cognitive interpretation software for geological mapping is developed.
domain founded_year HQ Location
Geophysical services for oil and gas reservoirs are provided.
domain founded_year HQ Location
Develops software for geological property modelling in oil exploration.
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 Ikon Science

Frequently Asked Questions about Ikon Science

When was Ikon Science founded?

Ikon Science was founded in 2001.

Where is Ikon Science located?

Ikon Science is headquartered in Twickenham, United Kingdom.

Who is the current CEO of Ikon Science?

Mark Bashforth is the current CEO of Ikon Science.

How many employees does Ikon Science have?

As of Mar 31, 2022, the latest employee count at Ikon Science is 126.

What is the annual revenue of Ikon Science?

Annual revenue of Ikon Science is $23.47M as on Mar 31, 2021.

What does Ikon Science do?

ikon Science provides software suite to oil gas companies for number-intensive calculations and predictions in exploration, drilling, and reservoir estimations and reservoir modeling. Claims that the software can be used by both offshore and onshore companies for regular and heavy oil and purposes like reservoir optimization. Provides modules for technical usages like Geo pressure analysis, chemical composition analysis, multi-well analysis and others.

Who are the top competitors of Ikon Science?

Ikon Science's top competitors include Process Systems Enterprise, FEI Company and WellDog.

What products or services does Ikon Science offer?

Ikon Science offers RokDoc, Curate, and Well Surveillance.

How many acquisitions has Ikon Science made?

Ikon Science has made 2 acquisitions, including JRS Petroleum Research, and Perigon Solutions.

Who are Ikon Science's investors?

Ikon Science has 1 investor. Key investors include Great Hill Partners.

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