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.
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 $2.56M
- Total Rounds 3
- Investors Count 4
All 3 funding rounds of Robotic Drilling Systems 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 2014 | – | Series A | – | – | |
| May 2012 | $2.56M | Seed | – | – | |
| May 2006 | – | Seed | – | – |
5 investors in total: 5 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
- | – | investinor.no | - | |
- | – | convexa.com | - | |
Petroleum, natural gas, petrochemicals, and electrical power are produced globally. | 1972 | equinor.com | Stavanger, Norway | |
Innovasjonsparken is operated as a hub for innovation and growth in Stavanger. | – | innovasjonspark.no | Stavanger, Norway | |
Cloud and app-based onshore and offshore drilling solutions are provided. | 1952 | nabors.com | Bermuda |
Investor details for Robotic Drilling Systems
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Timeline of Robotic Drilling Systems
4 dated milestones of Robotic Drilling Systems across 12 years, from founding to its latest funding, stage changes and deals.
- Founded Robotic Drilling Systems is founded.
- Funding First funding round.
- Funding Latest funding round, Series A,.
- Exit Acquired by Nabors.
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 | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| righthandrobotics.com | 2014 | Cambridge, United States | $125.32M | 57 | AI-enabled robotic grippers for object picking are provided. | |
| agile-robots.com | 2018 | Munich, Germany | $250M | 116 | Deep learning-based vision for autonomous robot perception is provided. | |
| geckorobotics.com | 2013 | Pittsburgh, United States | $354.25M | 223 | Wall-climbing robots are developed for boiler inspections at power plants. | |
| brightmachines.com | 2018 | San Francisco, United States | $385M | – | Full-stack automation solutions for electronics manufacturing are provided. | |
| vicarious.com | 2010 | San Francisco, United States | $123.02M | 175 | AI-based robotic arms are developed for industrial automation tasks. | |
| rethinkrobotics.com | 2008 | Boston, United States | $149.52M | 51 | Collaborative robots are developed for manufacturing to boost efficiency. | |
| osaro.com | 2014 | San Francisco, United States | $86.75M | 58 | Provider of pick and place robotic solutions | |
| co.bot | 2022 | Santa Clara, United States | $140M | – | Intelligent robots are developed for collaboration with humans in workplaces. | |
| yaskawa-global.com | 1915 | Germany | – | – | Motion control, robotics, and system engineering solutions are provided globally. | |
| comau.com | 1973 | Turin, Italy | – | 962 | Automation and robotic systems are manufactured for industrial applications. |
Detailed competitors of Robotic Drilling Systems
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Latest news on Robotic Drilling Systems
Complete news archive for Robotic Drilling Systems
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- Brand-specific news history
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Similar companies to Robotic Drilling Systems
10 companies that operate in the same segment as Robotic Drilling Systems (Oil & Gas Technology Solutions), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
AI-based software for manufacturing process optimization is offered. | 1981 | Bedford, United States | USD 100 M | USD 5.21 M | 64 | |
Cloud infrastructure and AI-optimized data centers are provided. | 2018 | Denver, Colorado, United States | USD 5.44 B | – | 242 | |
Provider of AI-driven ROVs and services for inspection of ships | 2015 | Bristol, England, United Kingdom | USD 38.48 M | – | – | |
AI-based software for production data analysis and collaboration is provided. | 2016 | Lysaker, Norway | USD 225 M | – | 1 | |
AI-driven urban datasets and analysis tools are offered by Urbint. | 2015 | New York, New York, United States | USD 130.08 M | – | – | |
Satellite imagery and geospatial analytics are utilized for water monitoring. | 2012 | Didcot, Oxfordshire, United Kingdom | USD 17.11 M | – | 46 | |
Cloud-based platform for oilfield management in energy sector. | 1998 | Houston, Texas, United States | USD 1.67 M | – | 305 | |
Cloud-based platform for operational simulation and predictive analytics is offered. | 2010 | Lausanne, Vaud, Switzerland | USD 28.7 M | – | – | |
Methane and VOC emissions are monitored via industrial IoT platforms. | 2015 | Cambridge, Massachusetts, United States | USD 34.71 M | – | – | |
Contractors and suppliers are managed via an online platform. | 2001 | Dallas, Texas, United States | – | – | – |
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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.
Yes. Robotic Drilling Systems was acquired by Nabors in August 2017.