About RagnaRock Geo
RagnaRock Geo is a Technology company based in Trondheim (Norway) founded in 2018 by Asmund Heir. Seismic data is analyzed using AI-based software. It operates in the Technology and Energy & Utilities sectors. RagnaRock Geo has raised $217.24 thousand across 3 funding rounds from investors including Techstars, StartupLab and NTNU Discovery. Its focus areas include Energy Tech, Oil & Gas Tech, Upstream and Exploration. Its legal entity is RAGNAROCK GEO AS. Its competitors include Petroleum Geo Services, Sharp Reflections and Electromagnetic Geoservices; 1 of its 3 listed competitors has raised funding.
Company details
RagnaRock Geo was founded in 2018 in Trondheim, Norway, within the geophysics sector. AI technologies are employed to create software that processes seismic data, enabling the collection of large datasets and the extraction of insights for geophysicists. Operations focus on interpretation tools to support data-driven decisions. Clients including StartupLab, Concedo, T:Lab, and the Artificial Intelligence Lab are served through these analytics services.
- Headquarters Trondheim, Norway
- Founders Asmund Heir
- SectorsTechnologyEnergy & Utilities
- Email••••••••
- Website ragnarockgeo.com
- Social LinkedIn
- Legal Name Ragnarock Geo As
- Annual Revenue$574.01 K (USD)34as on Dec 31, 2021
- Net Profit$57.3 K (USD)171as on Dec 31, 2021
- EBITDA$57.27 K (USD)144as on Dec 31, 2021
- Total Equity Funding$217.24K (USD)
in 3 rounds
- Latest Funding Round$120K (USD), Seed
Aug 2019
- InvestorsTechstars
& 2 more
Funding Insights of RagnaRock Geo
RagnaRock Geo has successfully raised a total of $217.24K across 3 strategic funding rounds. The most recent funding activity was a Seed round of $120 thousand completed in August 2019. 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 $217,243
- Total Rounds 3
- Last Round Seed — $120,000
- Investors Count 3
All 3 funding rounds of RagnaRock Geo 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 |
|---|---|---|---|---|---|
| Aug 2019 | $120,000 | Seed | – | Techstars | – |
| Mar 2019 | $97,243 | Seed | – | NTNU Discovery | – |
| Jan 2018 | Seed | – | StartupLab | – |
3 investors in total: 3 institutional.
Investors in RagnaRock Geo
RagnaRock Geo has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include Techstars, StartupLab and NTNU Discovery.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Startups are accelerated globally without sector restrictions through structured programs. | 2006 | techstars.com | New York, United States | |
Venture capital fund and startup accelerator focused on early stage companies | 2012 | startuplab.no | Oslo, Norway | |
Financial support is provided for innovative product development ideas. | 2011 | ntnudiscovery.no | Trondheim, Norway |
Investor details for RagnaRock Geo
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
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People of RagnaRock Geo
2 people are tracked at RagnaRock Geo (2 in leadership).
| Name | Role | Group |
|---|---|---|
Asmund Heir | Co-Founder | Leadership |
Åsmund Heir | Co-Founder | Leadership |
Complete people profiles for RagnaRock Geo
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- Full employee list
- Team structure
- Board tenure
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Timeline of RagnaRock Geo
3 dated milestones of RagnaRock Geo across 1 years, from founding to its latest funding, stage changes and deals.
- Founded RagnaRock Geo is founded.
- Funding First funding round.
- Funding Latest funding round, Seed, of $120K.
Competitors of RagnaRock Geo
RagnaRock Geo has 3 listed competitors in our database, 1 of them funded. They include Petroleum Geo Services, Sharp Reflections and Electromagnetic Geoservices.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| pgs.com | 1991 | Oslo, Norway | 915 | Provider of marine-focused geophysical services | ||
| sharpreflections.com | 2010 | Stavanger, Norway | 5 | Seismic data is analyzed and processed for hydrocarbon identification. | ||
| emgs.com | 2002 | Trondheim, Norway | $30M | 16 | 3D electromagnetic data provider for offshore oil and gas exploration |
Detailed competitors of RagnaRock Geo
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Web traffic of RagnaRock Geo
The website of RagnaRock Geo (ragnarockgeo.com) receives about 1.8K visits a month.
- Monthly visits1.8K
▲ 121% vs previous month
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Frequently Asked Questions about RagnaRock Geo
RagnaRock Geo was founded in 2018.
RagnaRock Geo is headquartered in Trondheim, Norway. It is registered at Trondheim, Trøndelag, Norway.
RagnaRock Geo is a funded company, having raised a total of $217.24K across 3 funding rounds to date.
Annual revenue of RagnaRock Geo is $574.01K as on Dec 31, 2021.
RagnaRock Geo was founded in 2018 in Trondheim, Norway, within the geophysics sector. AI technologies are employed to create software that processes seismic data, enabling the collection of large datasets and the extraction of insights for geophysicists. Operations focus on interpretation tools to support data-driven decisions. Clients including StartupLab, Concedo, T:Lab, and the Artificial Intelligence Lab are served through these analytics services.
RagnaRock Geo's top competitors include Petroleum Geo Services, Electromagnetic Geoservices and Sharp Reflections.
RagnaRock Geo has 3 investors. Key investors include Techstars, StartupLab, and NTNU Discovery.
RagnaRock Geo operates through Ragnarock Geo As.