About Optime Subsea
Optime Subsea is a company based in Notodden (Norway) founded in 2005 was acquired by Halliburton in December 2024.. The company has 28 employees as of December 31, 2019. Optime Subsea offers products and services including ROCS and eSCILS. Optime Subsea operates in a competitive market with competitors including NCS Multistage, Getech, DeepWell, Zyfra and GeoSplit, among others.
- Headquarter Notodden, Norway
- Employees 28 as on 31 Dec, 2019
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Sectors
Energy & 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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Annual Revenue
$15.99 M (USD)-21as on Dec 31, 2022
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Net Profit
$-2.18 M (USD)-274as on Dec 31, 2022
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EBITDA
$-3.97 M (USD)-260as on Dec 31, 2022
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Latest Funding Round
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Investors
Halliburton
& 1 more
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Employee Count
28
as on Dec 31, 2019
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Acquired by
Halliburton
(Dec 23, 2024)
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Products & Services of Optime Subsea
Optime Subsea offers a comprehensive portfolio of products and services, including ROCS and eSCILS. 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.
Efficient system for tubing hanger installations in subsea wells.
Lightweight system for well access and intervention operations.
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Funding Insights of Optime Subsea
- Total Funding Total Funding
- Total Rounds 1
- Last Round Last Round
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2016 | Amount | Series A - Optime Subsea | 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 |
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Investors in Optime Subsea
Optime Subsea has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include Halliburton and Holta Invest. 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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Oilfield products and services are provided to the energy sector.
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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 Optime Subsea
| 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 |
Financial Statements - Optime Subsea
| 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 |
Optime Subsea Comparisons
Competitors of Optime Subsea
Optime Subsea 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 NCS Multistage, Getech, DeepWell, Zyfra and GeoSplit, 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 |
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| domain | founded_year | HQ Location |
Independent technology and services company specializing in multistage completions
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| domain | founded_year | HQ Location |
Oil rigs datasets are provided to enterprises for exploration analysis.
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| domain | founded_year | HQ Location |
Wireline services for well interventions are supplied to oil companies.
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| domain | founded_year | HQ Location |
Provider of robots, AI, and IIoT based solutions for mining industries
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| domain | founded_year | HQ Location |
Oil well stimulation and fracturing services are provided to clients.
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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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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 Optime Subsea
Frequently Asked Questions about Optime Subsea
When was Optime Subsea founded?
Optime Subsea was founded in 2005 and raised its 1st funding round 11 years after it was founded.
Where is Optime Subsea located?
Optime Subsea is headquartered in Notodden, Norway. It is registered at Notodden, Telemark, Norway.
How many employees does Optime Subsea have?
As of Dec 31, 2019, the latest employee count at Optime Subsea is 28.
What is the annual revenue of Optime Subsea?
Annual revenue of Optime Subsea is $15.99M as on Dec 31, 2022.
What does Optime Subsea do?
Optime Subsea was founded in 2005 in Notodden, Norway, focusing on the subsea oil and gas sector. Well completion and intervention systems for subsea applications are designed and manufactured by the company. Offerings include subsea hydraulic pump systems, hyperbaric test chambers, light completion intervention systems, and umbilical-less tubing hangers. Operations emphasize reliable equipment for offshore environments, supporting global energy projects.
Who are the top competitors of Optime Subsea?
Optime Subsea's top competitors include NCS Multistage, DeepWell and Getech.
What products or services does Optime Subsea offer?
Optime Subsea offers ROCS and eSCILS.
Who are Optime Subsea's investors?
Optime Subsea has 2 investors. Key investors include Halliburton, and Holta Invest.
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