About Motive Drilling
Motive Drilling is a company based in Dallas (United States) founded in 2015 was acquired by Helmerich & Payne in May 2017. Motive Drilling has raised $10.5 million across 1 funding round from investors including General Electric, Formation 8 and H&P. Motive Drilling operates in a competitive market with competitors including Nabors, Pason, Ulterra, Enhanced Drilling and Reelwell, among others.
- Headquarter Dallas, United States
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Sectors
Energy & Utilities
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Phone
Locked
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Website
Locked
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Social
Locked
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$10.5 M (USD)
in 1 rounds
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Latest Funding Round
$10.5 M (USD), Series A
Feb 17, 2016
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Investors
General Electric
& 2 more
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Employee Count
Not available
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Acquired by
Helmerich & Payne
(May 22, 2017)
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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.
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.
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VC Firm investing in the US
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Diversified operations are conducted across multiple industries worldwide.
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H&P is recognized as a global leader in drilling efficiency.
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Investor details for Motive Drilling
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Investments & Acquisitions by Motive Drilling
Investment portfolio details for Motive Drilling
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Financial Statements - Motive Drilling
Detailed financials for Motive Drilling
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Motive Drilling Comparisons
Peer comparison for Motive Drilling
Named peer metrics, headcount, funding, location, and side-by-side benchmarks require an active premium plan.
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Competitors of Motive Drilling
Motive Drilling 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 Nabors, Pason, Ulterra, Enhanced Drilling and Reelwell, among others.
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Cloud and app-based onshore and offshore drilling solutions are provided.
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Integrated drilling data solutions are provided for real-time optimization.
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Manufacturer of polycrystalline diamond compact drill bits
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Technology solutions for drilling industry
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Dual Drill String technology solution for oil and gas drilling industry
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Provider of real-time drilling decision support for oil and gas industry
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Detailed competitors of Motive Drilling
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
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Latest news on Motive Drilling
Complete news archive for Motive Drilling
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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.
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 has 3 investors. Key investors include General Electric, Formation 8, and H&P.