Robotic Drilling Systems

Sandnes, Norway Founded: 2005 • Age: 21 yrs Acquired By Nabors
Floor-mounted robotic drilling systems are developed for industrial use.
Annual revenue - Latest available
Total funding $2.6M 3 rounds
Employees - Tracked headcount
Investors 5 Known backers
Products - Services tracked
Competitors 11 Brand Intelligence

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
  • Sectors
    Energy & Utilities
    Industrial Goods & Manufacturing
  • Email
    Locked
  • Phone
    Locked
  • Website
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  • Social
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Operational Areas
Energy & Utilities → Oil & Gas Unlock Sub-Sector Unlock Segment
Industrial Goods & Manufacturing → Robotics, Automation & Smart Systems Unlock Sub-Sector Unlock Segment
Industrial Goods & Manufacturing → Robotics, Automation & Smart Systems Unlock Sub-Sector Unlock Segment
Key Metrics
  • Annual Revenue
    Not available
  • Net Profit
    Not available
  • EBITDA
    Not available
  • Total Equity Funding
    $2.56 M (USD)

    in 3 rounds

  • Latest Funding Round
    Not available
  • Investors
    Equinor

    & 4 more

  • Employee Count
    Not available
  • Acquired by
    Nabors

    (Aug 31, 2017)

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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.

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.

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Venture Fund
Institutional
Investor Description Founded Year Domain Location
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Petroleum, natural gas, petrochemicals, and electrical power are produced globally.
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Investor details for Robotic Drilling Systems

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Investments & Acquisitions by Robotic Drilling Systems

Investments
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Financial Statements - Robotic Drilling Systems

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Robotic Drilling Systems Comparisons

Robotic Drilling Systems Primary company
Description
Floor-mounted robotic drilling systems are developed for ind...
Location
Sandnes, Norway
Founded Year
2005
Annual Revenue
Not available
Net Profit
Not available
EBITDA
Not available
Employees
Not available
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Peer comparison for Robotic Drilling Systems

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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.

Company Name Domain Founded year HQ Location Description
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AI-enabled robotic grippers for object picking are provided.
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Deep learning-based vision for autonomous robot perception is provided.
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Wall-climbing robots are developed for boiler inspections at power plants.
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Full-stack automation solutions for electronics manufacturing are provided.
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AI-based robotic arms are developed for industrial automation tasks.
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Collaborative robots are developed for manufacturing to boost efficiency.
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Detailed competitors of Robotic Drilling Systems

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Latest news on Robotic Drilling Systems

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Frequently Asked Questions about Robotic Drilling Systems

Robotic Drilling Systems was founded in 2005 and raised its 1st funding round 1 year after it was founded.

Robotic Drilling Systems is headquartered in Sandnes, Norway. It is registered at Sandnes, Rogaland, Norway.

Robotic Drilling Systems is a funded company, having raised a total of $2.56M across 3 funding rounds to date.

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.

Robotic Drilling Systems's top competitors include Vicarious, Yaskawa and Gecko Robotics.

Robotic Drilling Systems has 5 investors. Key investors include Equinor, Nabors, Investinor, Innovasjonsparken, and Convexa.

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