About Motive Drilling
Motive Drilling is an Energy & Utilities company based in Dallas (United States) founded in 2015, and was acquired by Helmerich & Payne in May 2017. Machine intelligence is utilized for real-time directional drilling guidance. Motive Drilling has raised $10.5 million across 1 funding round from investors including General Electric, Formation 8 and H&P. Its focus areas include Energy Tech, Oil & Gas Tech, Upstream and Downhole. Its competitors include Ulterra and Scientific Drilling.
Company details
Motive Drilling was founded in 2015 in Dallas, United States, within the energy sector. Software systems are developed by the company to automate directional drilling calculations for extended-reach and horizontal wells. Real-time data analysis is performed, and step-by-step guidance is provided to drillers based on operator-defined parameters. Operational performance in drilling processes is supported through these automated decision-making tools.
- Headquarters Dallas, United States
- Stage Acquired
- SectorsEnergy & Utilities
- Website motivedrilling.com
- Social LinkedIn
- Acquired by Helmerich & Payne (May 2017)
- Total Equity Funding$10.5M (USD)
in 1 rounds
- Latest Funding Round$10.5M (USD), Series A
Feb 2016
- InvestorsGeneral Electric
& 2 more
- Acquired byHelmerich & Payne
(May 2017)
Funding Insights of Motive Drilling
Motive Drilling has successfully raised a total of $10.5M through 1 strategic funding round. The most recent funding activity was a Series A round of $10.5 million completed in February 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.
- Total Funding $10.5M
- Total Rounds 1
- Last Round Series A — $10.5M
- First Round $10.5M
(Feb 2016)
- Investors Count 2
All 1 funding rounds of Motive Drilling with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb 2016 | $10.5M | Series A | – | Formation 8, General Electric | – |
3 investors in total: 3 institutional.
Investors in Motive Drilling
Motive Drilling has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include General Electric, Formation 8 and H&P.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
VC Firm investing in the US | formation8.com | San Francisco, United States | ||
Diversified operations are conducted across multiple industries worldwide. | 1892 | ge.com | United States | |
H&P is recognized as a global leader in drilling efficiency. | hpinc.com | Tulsa, United States |
Investor details for Motive Drilling
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Timeline of Motive Drilling
3 dated milestones of Motive Drilling across 2 years, from founding to its latest funding, stage changes and deals.
- Founded Motive Drilling is founded.
- Funding First funding round of $10.5M.
- Exit Acquired by Helmerich & Payne.
Competitors of Motive Drilling
Motive Drilling has 2 listed competitors in our database. They include Ulterra and Scientific Drilling.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| ulterra.com | 2005 | Fort Worth, United States | 294 | Manufacturer of polycrystalline diamond compact drill bits | ||
| scientificdrilling.com | 1969 | Houston, United States | 1,098 | Offers drilling motors, MWD systems, and wellbore surveying for energy sector. |
Detailed competitors of Motive Drilling
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Top companies in Oil & Gas Technology Solutions
3 companies that operate in the same segment as Motive Drilling (Oil & Gas Technology Solutions) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
AI-based software for manufacturing process optimization is offered. | 1981 | Bedford, United States | USD 100 M | USD 5.21 M | 64 | |
Cloud infrastructure and AI-optimized data centers are provided. | 2018 | Denver, Colorado, United States | USD 6.67 B | 1,820 | ||
AI-driven urban datasets and analysis tools are offered by Urbint. | 2015 | New York, New York, United States | USD 130.08 M |
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Frequently Asked Questions about Motive Drilling
Motive Drilling was founded in 2015 and raised its 1st funding round 1 year after it was founded.
Motive Drilling is headquartered in Dallas, United States. It is registered at Dallas, Texas, United States.
Motive Drilling is a funded company, having raised a total of $10.5M across 1 funding round to date. The company's 1st funding round was a Series A of $10.5M, raised on Feb 2016.
Motive Drilling was founded in 2015 in Dallas, United States, within the energy sector. Software systems are developed by the company to automate directional drilling calculations for extended-reach and horizontal wells. Real-time data analysis is performed, and step-by-step guidance is provided to drillers based on operator-defined parameters. Operational performance in drilling processes is supported through these automated decision-making tools.
Motive Drilling's top competitors include Ulterra and Scientific Drilling.
Motive Drilling has 3 investors. Key investors include General Electric, Formation 8, and H&P.
Yes. Motive Drilling was acquired by Helmerich & Payne in May 2017.