About Petrotechnics
Petrotechnics is a Financial Services company based in Aberdeen (United Kingdom) founded in 1989, and was acquired by Sphera Solutions in January 2019. It operates as a risk management software is offered for hazardous industries. It operates in the Financial Services, Technology, and Energy & Utilities sectors. Petrotechnics has raised $9.09 million across 1 funding round from investors including Sphera Solutions and BGF. The company has 85 employees. The company was acqui-hired. Its focus areas include Enterprise Applications, GRC Software, Risk Management and Industry. Its legal entity is PETROTECHNICS LIMITED. Its competitors include ServiceMax, Kyriba, CyberGRX, ObserveIT and Urbint and 3 more; 7 of its 8 listed competitors have raised funding.
Company details
Petrotechnics provides risk management software solution for oil gas, Chemical, EPC and Rail to improve operational efficiency and manage operational risks. Proscient, an operational excellence management platform capabilities are work control; execution, operational management; schedule optimization and Operational risk management. It enables companies to manage, monitor and automate workflows, evaluate role specific metrics and visualize the operational performance as graphsdashboards. It serves more than 80,000 users across 700 sites in 22 countries. Clients are Chevron, Exxon Mobil, Petronas, Shell, Total, Apache, and British Petroleum. Partners are Accenture, Oracle, SAP, Tibco Aveva.
- Headquarters Aberdeen, United Kingdom
- Employees 85
- Stage Acquired
- SectorsFinancial ServicesTechnology Energy & Utilities
- Email••••••••
- Phone•••• ••••
- Website petrotechnics.com
- Social LinkedIn X Facebook
- Acquired by Sphera Solutions (Jan 2019)
- Legal Name Petrotechnics Limited
- Total Equity Funding$9.09M (USD)
in 1 rounds
- Latest Funding Round$9.09M (USD), Private Equity Round
May 2013
- InvestorsSphera Solutions
& 1 more
- Employee Count85
- Acquired bySphera Solutions
(Jan 2019)
Funding Insights of Petrotechnics
Petrotechnics has successfully raised a total of $9.09M through 1 strategic funding round. The most recent funding activity was a Private Equity Round of $9.09 million completed in May 2013. 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 $9.09M
- Total Rounds 1
- Last Round Private Equity Round — $9.09M
- First Round $9.09M
(May 2013)
- Investors Count 1
All 1 funding rounds of Petrotechnics 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 2013 | $9.09M | Private Equity Round | – | BGF | – |
2 investors in total: 2 institutional.
Investors in Petrotechnics
Petrotechnics has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include Sphera Solutions and BGF.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early & Growth stage tech & offline focused VC firm funding companies in the UK & Ireland | – | bgf.co.uk | Belfast, United Kingdom | |
Cloud-based QEHS and operational risk software is provided. | 1999 | sphera.com | Chicago, United States |
Investor details for Petrotechnics
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Timeline of Petrotechnics
3 dated milestones of Petrotechnics across 30 years, from founding to its latest funding, stage changes and deals.
- Founded Petrotechnics is founded.
- Funding First funding round of $9.1M.
- Exit Acquired by Sphera Solutions.
Competitors of Petrotechnics
Petrotechnics has 8 listed competitors in our database, 7 of them funded. They include ServiceMax, Kyriba, CyberGRX, ObserveIT and Urbint, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| servicemax.com | 2007 | Pleasanton, United States | $308.76M | – | Cloud-based software is provided for field service and asset management. | |
| kyriba.com | 2000 | San Diego, United States | $160.68M | 334 | Cloud-based treasury automation and risk management solutions are provided. | |
| cybergrx.com | 2015 | Denver, United States | $99M | 141 | Cloud-based risk assessment and management solutions are provided for enterprises. | |
| observeit.com | 2006 | Boston, United States | $69M | 79 | Insider threats are detected and managed via user behavior analytics. | |
| urbint.com | 2015 | New York, United States | $130.08M | – | AI-driven urban datasets and analysis tools are offered by Urbint. | |
| middesk.com | 2018 | San Francisco, United States | $77M | – | Risk management solutions for financial institutions are offered. | |
| accesspay.com | 2012 | Manchester, United Kingdom | $44.42M | 74 | Cloud based payment automation and cash management solutions for businesses | |
| irthsolutions.com | 1985 | Columbus, United States | – | 66 | Cloud-based workforce management solutions are provided for infrastructure risks. |
Detailed competitors of Petrotechnics
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- Full competitor set
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Web traffic of Petrotechnics
Websites that share an audience with Petrotechnics (petrotechnics.com).
Websites whose visitors overlap most with Petrotechnics. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
ec-pc.co.uk | ec-pc.co.uk | 100% | – | – | – |
microhelp.homecall.co.uk | microhelp.homecall.co.uk | 100% | – | – | – |
pavegraphics.com | pavegraphics.com | 100% | – | – | – |
pisys.co.uk | pisys.co.uk | 100% | – | #5,204,308 | – |
prosource.it | prosource.it | 100% | – | #11,070,294 | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 14 similar websites and full traffic analytics for Petrotechnics
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- 14 similar websites
- Audience overlap
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Top companies in Regulatory & Compliance Tech
10 companies that operate in the same segment as Petrotechnics (Regulatory & Compliance Tech), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud-based anti-money laundering solutions are provided for compliance. | 2014 | London, England, United Kingdom | USD 167.21 M | USD 45.67 M | 443 | |
CLEAR is focused on secure identity verification for seamless experiences. | 2010 | New York, New York, United States | USD 135 M | USD 900.78 M | 4,019 | |
Automated and expert-led identity verification services are provided. | 2010 | Munchen, Bayern, Germany | USD 40 M | – | 29 | |
AI-based fraud prevention for e-commerce payments is provided. | 2013 | New York, New York, United States | USD 232.02 M | USD 346.08 M | 724 | |
AI-powered data and decision intelligence solutions are provided for businesses. | 2016 | London, England, United Kingdom | USD 545.02 M | USD 161.29 M | 886 | |
Facial recognition and AI video analysis solutions are provided. | 2011 | Beijing, Beijing, China | USD 1.98 B | – | 413 | |
Compliance management solutions for financial institutions | 2014 | New York, New York, United States | USD 461 M | – | 815 | |
Identity verification, background screening, and fraud prevention solutions are provided. | 2011 | Mumbai, Maharashtra, India | USD 103.31 M | – | – | |
Software solutions for identity management are provided via APIs. | 2006 | Trondheim, Trøndelag, Norway | USD 2.09 M | USD 72.04 M | 150 | |
AI-driven image recognition for emotion and activity analysis is provided. | – | Boston, Massachusetts, United States | USD 59.7 M | – | 40 |
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Related news about Petrotechnics
Complete news archive for Petrotechnics
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Frequently Asked Questions about Petrotechnics
Petrotechnics was founded in 1989 and raised its 1st funding round 24 years after it was founded.
Petrotechnics is headquartered in Aberdeen, United Kingdom. It is registered at Aberdeen, Scotland, United Kingdom.
Petrotechnics is a funded company, having raised a total of $9.09M across 1 funding round to date. The company's 1st funding round was a Private Equity Round of $9.09M, raised on May 2013.
Petrotechnics has 85 employees.
Petrotechnics provides risk management software solution for oil gas, Chemical, EPC and Rail to improve operational efficiency and manage operational risks. Proscient, an operational excellence management platform capabilities are work control; execution, operational management; schedule optimization and Operational risk management. It enables companies to manage, monitor and automate workflows, evaluate role specific metrics and visualize the operational performance as graphsdashboards. It serves more than 80,000 users across 700 sites in 22 countries. Clients are Chevron, Exxon Mobil, Petronas, Shell, Total, Apache, and British Petroleum. Partners are Accenture, Oracle, SAP, Tibco Aveva.
Petrotechnics has 2 investors. Key investors include Sphera Solutions, and BGF.
Petrotechnics operates through Petrotechnics Limited.
Yes. Petrotechnics was acquired by Sphera Solutions in January 2019.