About Kongsberg Digital
Kongsberg Digital is a company based in Lysaker (Norway) founded in 1814. It operates as a SaaS (Software-as-a-Service), and Managed Services. Kongsberg Digital has raised $90 million across 3 funding rounds from investors including Shell, European Union and Idékapital. The company has 338 employees as of March 27, 2024. Kongsberg Digital has completed 3 acquisitions, including COACH Solutions, FutureOn and Visavi. Kongsberg Digital offers products and services including Industrial Work Surface, Kognitwin, LedaFlow, and K-Spice. Kongsberg Digital operates in a competitive market with competitors including AspenTech, ServiceMax, Urbint, CSE Global and AVEVA, among others.
- Headquarter Lysaker, Norway
- Employees 338 as on 27 Mar, 2024
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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 Kongsberg Digital
- Date of Incorporation 07 Oct, 2005
- Jurisdiction Bangalore, Karnataka, India
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Annual Revenue
$14.85 M (USD)47.78as on Mar 31, 2023
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Net Profit
$1.1 M (USD)24.46as on Mar 31, 2023
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EBITDA
$2.41 M (USD)78.54as on Mar 31, 2023
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Total Equity Funding
$90 M (USD)
in 3 rounds
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Latest Funding Round
$90 M (USD), Series C
Jun 01, 2023
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Investors
Shell
& 2 more
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Employee Count
338
as on Mar 27, 2024
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Investments & Acquisitions
COACH Solutions
& 2 more
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Products & Services of Kongsberg Digital
Kongsberg Digital offers a comprehensive portfolio of products and services, including Industrial Work Surface, Kognitwin, LedaFlow, and K-Spice. 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.
A platform for industrial data integration and optimization.
Digital twin solution for asset operation insights provided.
Software for process and flow simulation in industries.
Tool for process simulation and optimization in operations.
Funding Insights of Kongsberg Digital
Kongsberg Digital has successfully raised a total of $90M across 3 strategic funding rounds. The most recent funding activity was a Series C round of $90 million completed in June 2023. 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 Funding
- Total Rounds 3
- Last Round Series C — $90.0M
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First Round
First Round
(01 Feb 2019)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2023 | Amount | Series C - Kongsberg Digital | Valuation | Shell , Idekapital |
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| Jun, 2019 | Amount | Grant - Kongsberg Digital | Valuation |
investors |
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| Feb, 2019 | Amount | Grant - Kongsberg Digital | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| 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 Kongsberg Digital
Kongsberg Digital has secured backing from 3 investors, including institutional and venture fund investors. Prominent investors backing the company include Shell, European Union and Idékapital. 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 funding is provided to Norwegian tech companies.
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Founded Year | Domain | Location | |
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Shell is recognized as a global energy and petrochemical company.
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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 Kongsberg Digital
Kongsberg Digital has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include COACH Solutions, FutureOn and Visavi. 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.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Cloud-based digital twin software is provided for oilfield asset management.
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2016 | ||||
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Software solutions for oil and gas operations visualization are provided.
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2014 | ||||
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Web-based vessel management platform is offered for maritime operations.
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2011 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Kongsberg Digital
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| 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 |
Kongsberg Digital Comparisons
Competitors of Kongsberg Digital
Kongsberg Digital 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 AspenTech, ServiceMax, Urbint, CSE Global and AVEVA, 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 |
AI-based software for manufacturing process optimization is offered.
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| 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 |
AI-driven urban datasets and analysis tools are offered by Urbint.
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| domain | founded_year | HQ Location |
System integration and automation solutions are provided for industrial applications.
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| domain | founded_year | HQ Location |
Cloud-based data visualization and dashboard development are facilitated.
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| domain | founded_year | HQ Location |
Cloud based business intelligence software
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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 Kongsberg Digital
Frequently Asked Questions about Kongsberg Digital
When was Kongsberg Digital founded?
Kongsberg Digital was founded in 1814 and raised its 1st funding round 205 years after it was founded.
Where is Kongsberg Digital located?
Kongsberg Digital is headquartered in Lysaker, Norway.
Who is the current CEO of Kongsberg Digital?
Shane Mcardle is the current CEO of Kongsberg Digital.
Is Kongsberg Digital a funded company?
Kongsberg Digital is a funded company, having raised a total of $90M across 3 funding rounds to date. The company's 1st funding round was a Grant of $21.08K, raised on Feb 01, 2019.
How many employees does Kongsberg Digital have?
As of Mar 27, 2024, the latest employee count at Kongsberg Digital is 338.
What is the annual revenue of Kongsberg Digital?
Annual revenue of Kongsberg Digital is $14.85M as on Mar 31, 2023.
What does Kongsberg Digital do?
Kongsberg Digital is focused on delivering advanced digital solutions for asset-intensive industries such as oil gas, renewables, utilities, and chemicals. The company is recognized for its Industrial Work Surface, a platform integrating data and AI to optimize operations. Solutions are developed for asset management, process simulation, and operational intelligence. Sectors served include energy and maritime, with an emphasis on sustainability and efficiency through digitalization. Partnerships are cultivated to tailor solutions, enhancing performance and safety across industrial landscapes.
Who are the top competitors of Kongsberg Digital?
Kongsberg Digital's top competitors include AspenTech, Urbint and ServiceMax.
What products or services does Kongsberg Digital offer?
Kongsberg Digital offers Industrial Work Surface, Kognitwin, LedaFlow, and K-Spice.
How many acquisitions has Kongsberg Digital made?
Kongsberg Digital has made 3 acquisitions, including COACH Solutions, FutureOn, and Visavi.
Who are Kongsberg Digital's investors?
Kongsberg Digital has 3 investors. Key investors include Shell, European Union, and Idékapital.