About Novi Labs
Novi Labs is an Energy & Utilities company based in Austin (United States) founded in 2013. Data Analytics Platform for Oil Gas Sector. Novi Labs has raised $42 million across 3 funding rounds from investors including Montrose Lane and Invictus Growth Partners. Novi Labs has completed 1 acquisition, including ShaleProfile. Its chief executive, as recorded, is Scott Sherwood. Its website novilabs.com draws about 27 thousand monthly visits. Its focus areas include Energy Tech, Oil & Gas Tech, Upstream and Downhole. Its competitors include Petro Path, PetroBench and AdaptiveWell; 1 of its 3 listed competitors has raised funding.
Company details
Novi Labs was founded in 2013 and is based in Austin, United States. Data analytic solutions are delivered to operators in the shale-focused oil and gas sector. Machine learning, predictive analytics, data science, and optimized data models are integrated to support well-planning workflows. These encompass well selection, completions design, lateral spacing, post-drill surveillance, acquisition and divestiture, developmental drilling pilots, and non-op well participation.
- Headquarters Austin, United States
- SectorsEnergy & Utilities
- Email••••••••
- Phone•••• ••••
- Website novilabs.com
- Social LinkedIn X YouTube
- Total Equity Funding$42M (USD)
in 3 rounds
- Latest Funding Round$35M (USD), Series B
Jun 2025
- InvestorsMontrose Lane
& 1 more
- Investments & Acquisitions
Apps and channels of Novi Labs
its YouTube channel Novi Labs has 115 subscribers and 30 videos.
Videos from Novi Labs
The most watched videos on Novi Labs's YouTube channel, Novi Labs (115 subscribers). Click a video to play it here.
More on Novi Labs.
Funding Insights of Novi Labs
Novi Labs has successfully raised a total of $42M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $35 million completed in June 2025. 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 $42M
- Total Rounds 3
- Last Round Series B — $35M
- Investors Count 2
All 3 funding rounds of Novi Labs 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 |
|---|---|---|---|---|---|
| Jun 2025 | $35M | Series B | – | – | |
| May 2019 | $7M | Series A | – | Montrose Lane | – |
| Sep 2017 | Series A | – | Montrose Lane | – |
2 investors in total: 2 institutional.
Investors in Novi Labs
Novi Labs has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Montrose Lane and Invictus Growth Partners.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
| montroselane.com | ||||
Invictus Growth Partners is focused on empowering technology companies. | 2019 | invictusgrowth.com | San Mateo, United States |
Investor details for Novi Labs
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People of Novi Labs
10 people are tracked at Novi Labs (4 in leadership, 6 in team).
| Name | Role | Group |
|---|---|---|
Scott Sherwood | CEO | Leadership |
Scott R Jones | Chief Financial Officer | Leadership |
Kevin Stambaugh | VP of Engineering | Leadership |
Mohamed El Hannaoui | Head of Marketing and Demand Generation | Leadership |
Dillon Niederhut PhD | Lead Data Scientist | Team |
Jakob Ondrey | Sr. Devops Engineer | Team |
Kathryn Bryant | Senior Data Scientist | Team |
Maria Alejandra Pesantez | Marketing Content Specialist | Team |
💻 Daniel Gephardt | Technical Lead - Remote | Team |
Ben Davis | Reservoir Engineer | Team |
Complete people profiles for Novi Labs
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Investments & Acquisitions by Novi Labs
Novi Labs has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include ShaleProfile.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Oil and gas production and completion services are provided. | shaleprofile.com | Rotterdam, Netherlands | 2017 | Jan 2022 | •••• |
Complete acquisition details for Novi Labs
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Timeline of Novi Labs
4 dated milestones of Novi Labs across 12 years, from founding to its latest funding, stage changes and deals.
- Founded Novi Labs is founded.
- Funding First funding round.
- Acquisition Acquires ShaleProfile.
- Funding Latest funding round, Series B, of $35.0M.
Competitors of Novi Labs
Novi Labs has 3 listed competitors in our database, 1 of them funded. They include Petro Path, PetroBench and AdaptiveWell.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| petropath.com | 2016 | Williston, United States | Platform for searching, sharing, and saving oil and gas well directions. | |||
| petrobench.com | 2021 | Frisco, United States | $125,000 | Cloud-based platform used for oil well and pumping system design. | ||
| adaptivewell.com | 2015 | San Juan Capistrano, United States | Offers big data solutions designed for the oil and gas industry. |
Detailed competitors of Novi Labs
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Web traffic of Novi Labs
The website of Novi Labs (novilabs.com) receives about 27.3K visits a month.
- Monthly visits27.3K
▲ 30.2% vs previous month
Websites whose visitors overlap most with Novi Labs. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| shaleexperts.com | 100% | #3,488,802 | View details | ||
oilgasleads.com | oilgasleads.com | 98% | #1,238,360 | – | |
| darcypartners.com | 92% | 4.6K | #2,973,257 | View details | |
| drillingedge.com | 90% | #1,129,620 | View details | ||
ryderscott.com | ryderscott.com | 90% | #5,053,990 | – | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 19 similar websites and full traffic analytics for Novi Labs
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- 19 similar websites
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Top companies in Oil & Gas Technology Solutions
3 companies that operate in the same segment as Novi Labs (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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Related news about Novi Labs
Complete news archive for Novi Labs
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Frequently Asked Questions about Novi Labs
Novi Labs was founded in 2013 and raised its 1st funding round 4 years after it was founded.
Novi Labs is headquartered in Austin, United States. It is registered at Austin, Texas, United States.
Scott Sherwood is the CEO of Novi Labs, as recorded in our data.
Novi Labs is a funded company, having raised a total of $42M across 3 funding rounds to date.
Novi Labs was founded in 2013 and is based in Austin, United States. Data analytic solutions are delivered to operators in the shale-focused oil and gas sector. Machine learning, predictive analytics, data science, and optimized data models are integrated to support well-planning workflows. These encompass well selection, completions design, lateral spacing, post-drill surveillance, acquisition and divestiture, developmental drilling pilots, and non-op well participation.
Novi Labs's top competitors include PetroBench, Petro Path and AdaptiveWell.
Novi Labs has made 1 acquisition, including ShaleProfile.
Novi Labs has 2 investors. Key investors include Montrose Lane, and Invictus Growth Partners.