About Petrostreamz
Petrostreamz is an Energy & Utilities company based in Trondheim (Norway) founded in 2005, and was acquired by TietoEVRY in February 2018. Integrated asset modeling software for oil and gas is developed. The company was acqui-hired. Its focus areas include Energy Tech, Oil & Gas Tech, Upstream and Reservoir Appraisal.
Company details
Petrostreamz was founded in 2005 in Trondheim, Norway, and focuses on software for the upstream oil and gas sector. Complex systems within the industry are modeled through the companys tools. The Pipe-It solution serves as an Integrated Asset Model (IAM) software, where models are integrated graphically and computationally to support optimization of petroleum assets. Operations center on providing these solutions to industry users.
- Headquarters Trondheim, Norway
- Stage Acquired
- SectorsEnergy & Utilities
- Website petrostreamz.com
- Social LinkedIn X
- Acquired by TietoEVRY (Feb 2018)
Funding Insights of Petrostreamz
- Total Rounds 1
- Investors Count 1
All 1 funding rounds of Petrostreamz 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 |
|---|---|---|---|---|---|
| May 2014 | Series A | – | – |
2 investors in total: 2 institutional.
Investors in Petrostreamz
Petrostreamz has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include TietoEVRY and Viking Venture.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Growth-stage tech and energy investments in Europe are targeted. | vikingventure.com | Trondheim, Norway | ||
Provider of software, digital engineering, and IT services for various industries | 1968 | tietoevry.com | Espoo, Finland |
Investor details for Petrostreamz
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 Petrostreamz
3 dated milestones of Petrostreamz across 13 years, from founding to its latest funding, stage changes and deals.
- Founded Petrostreamz is founded.
- Funding First funding round.
- Exit Acquired by TietoEVRY.
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Frequently Asked Questions about Petrostreamz
Petrostreamz was founded in 2005 and raised its 1st funding round 9 years after it was founded.
Petrostreamz is headquartered in Trondheim, Norway. It is registered at Trondheim, Trøndelag, Norway.
Petrostreamz was founded in 2005 in Trondheim, Norway, and focuses on software for the upstream oil and gas sector. Complex systems within the industry are modeled through the companys tools. The Pipe-It solution serves as an Integrated Asset Model (IAM) software, where models are integrated graphically and computationally to support optimization of petroleum assets. Operations center on providing these solutions to industry users.
Petrostreamz has 2 investors. Key investors include TietoEVRY, and Viking Venture.
Yes. Petrostreamz was acquired by TietoEVRY in February 2018.