About Petrotechnics
Petrotechnics is a company based in Aberdeen (United Kingdom) founded in 1989 was acquired by Sphera Solutions in January 2019.. Petrotechnics has raised $9.09 million across 1 funding round from investors including Sphera Solutions and BGF. The company has 85 employees as of December 31, 2018. Petrotechnics operates in a competitive market with competitors including ServiceMax, Kyriba, CyberGRX, ObserveIT and Urbint, among others.
- Headquarter Aberdeen, United Kingdom
- Employees 85 as on 31 Dec, 2018
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Sectors
Financial ServicesTechnology Energy & Utilities
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Petrotechnics Limited
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$9.09 M (USD)
in 1 rounds
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Latest Funding Round
$9.09 M (USD), Private Equity Round
May 30, 2013
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Investors
Sphera Solutions
& 1 more
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Employee Count
85
as on Dec 31, 2018
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Acquired by
Sphera Solutions
(Jan 08, 2019)
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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 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 Total Funding
- Total Rounds 1
- Last Round Private Equity Round — $9.1M
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First Round
First Round
(30 May 2013)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2013 | Amount | Private Equity Round - Petrotechnics | Valuation | BGF |
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| 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 |
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. 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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Early & Growth stage tech & offline focused VC firm funding companies in the UK & Ireland
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Founded Year | Domain | Location | |
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Cloud-based QEHS and operational risk software is provided.
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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 Petrotechnics
| 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 - Petrotechnics
| 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 |
Petrotechnics Comparisons
Competitors of Petrotechnics
Petrotechnics 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 ServiceMax, Kyriba, CyberGRX, ObserveIT and Urbint, 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 |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cloud-based software is provided for field service and asset management.
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| domain | founded_year | HQ Location |
Cloud-based treasury automation and risk management solutions are provided.
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| domain | founded_year | HQ Location |
Cloud-based risk assessment and management solutions are provided for enterprises.
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| domain | founded_year | HQ Location |
Insider threats are detected and managed via user behavior analytics.
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| domain | founded_year | HQ Location |
AI-driven urban datasets and analysis tools are offered by Urbint.
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| domain | founded_year | HQ Location |
Risk management solutions for financial institutions are offered.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
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 Petrotechnics
Frequently Asked Questions about Petrotechnics
When was Petrotechnics founded?
Petrotechnics was founded in 1989 and raised its 1st funding round 24 years after it was founded.
Where is Petrotechnics located?
Petrotechnics is headquartered in Aberdeen, United Kingdom. It is registered at Aberdeen, Scotland, United Kingdom.
Is Petrotechnics a funded company?
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 30, 2013.
How many employees does Petrotechnics have?
As of Dec 31, 2018, the latest employee count at Petrotechnics is 85.
What does Petrotechnics do?
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.
Who are the top competitors of Petrotechnics?
Who are Petrotechnics's investors?
Petrotechnics has 2 investors. Key investors include Sphera Solutions, and BGF.
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