About Robotic Drilling Systems
Robotic Drilling Systems is a company based in Sandnes (Norway) founded in 2005 was acquired by Nabors in August 2017.. Robotic Drilling Systems has raised $2.56 million across 3 funding rounds from investors including Equinor, Nabors and Investinor. Robotic Drilling Systems operates in a competitive market with competitors including RightHand Robotics, Agile Robots, Gecko Robotics, Bright Machines and Vicarious, among others.
- Headquarter Sandnes, Norway
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Sectors
Energy & UtilitiesIndustrial Goods & Manufacturing
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Email
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Website
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Funding Insights of Robotic Drilling Systems
Robotic Drilling Systems has successfully raised a total of $2.56M across 3 strategic funding rounds. 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 3
- Last Round Last Round
- First Round First Round
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| May, 2014 | Amount | Series A - Robotic Drilling Systems | Valuation |
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| May, 2012 | Amount | Seed - Robotic Drilling Systems | Valuation |
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| May, 2006 | Amount | Seed - Robotic Drilling Systems | Valuation |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Investors in Robotic Drilling Systems
Robotic Drilling Systems has secured backing from 5 investors, including institutional and venture fund investors. Prominent investors backing the company include Equinor, Nabors and Investinor. 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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Petroleum, natural gas, petrochemicals, and electrical power are produced globally.
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Investments & Acquisitions by Robotic Drilling Systems
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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Fine Asian gourmet food is offered by an internet-first restaurant.
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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Fine Asian gourmet food is offered by an internet-first restaurant.
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Financial Statements - Robotic Drilling Systems
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Robotic Drilling Systems Comparisons
Competitors of Robotic Drilling Systems
Robotic Drilling Systems 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 RightHand Robotics, Agile Robots, Gecko Robotics, Bright Machines and Vicarious, 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.
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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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App based platform offering on demand delivery and ride-hailing services
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Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Robotic Drilling Systems
Frequently Asked Questions about Robotic Drilling Systems
When was Robotic Drilling Systems founded?
Robotic Drilling Systems was founded in 2005 and raised its 1st funding round 1 year after it was founded.
Where is Robotic Drilling Systems located?
Robotic Drilling Systems is headquartered in Sandnes, Norway. It is registered at Sandnes, Rogaland, Norway.
Is Robotic Drilling Systems a funded company?
Robotic Drilling Systems is a funded company, having raised a total of $2.56M across 3 funding rounds to date.
What does Robotic Drilling Systems do?
Founded in 2005 and based in Sandnes, Norway, Robotic Drilling Systems specializes in the industrial drilling sector. Autonomous floor-mounted robotic rigs, such as the DFR-1500 with a 1500 kg lift capacity at 3 m extension, are engineered for rig movement control. The system includes four machines: a drill-floor robot, robotic pipe handler, electric roughneck, and multi-size elevator. Accompanying software enables intuitive programming through drag-and-drop features for robot visualization and control.
Who are the top competitors of Robotic Drilling Systems?
Robotic Drilling Systems's top competitors include Vicarious, Yaskawa and Gecko Robotics.
Who are Robotic Drilling Systems's investors?
Robotic Drilling Systems has 5 investors. Key investors include Equinor, Nabors, Investinor, Innovasjonsparken, and Convexa.
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