About Sekal
Sekal is a company based in Sandnes (Norway) founded in 2011 was acquired by Sumitomo in July 2019.. Sekal has raised $3.72 million across 2 funding rounds from investors including Sumitomo Corporation, Equinor and Aramco Ventures. The company has 80 employees as of December 31, 2021. Sekal offers products and services including Drillscene®, Drilltronics®, and DrillExpect®. Sekal operates in a competitive market with competitors including Nabors, Pason, Ulterra, Enhanced Drilling and Reelwell, among others.
- Headquarter Sandnes, Norway
- Employees 80 as on 31 Dec, 2021
-
Sectors
Energy & Utilities
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Sekal As
-
Annual Revenue
$24.14 M (USD)16as on Dec 31, 2022
-
Net Profit
$5.65 M (USD)14as on Dec 31, 2022
-
EBITDA
$6.98 M (USD)13as on Dec 31, 2022
-
Total Equity Funding
$3.72 M (USD)
in 2 rounds
-
Latest Funding Round
-
Investors
Sumitomo Corporation
& 3 more
-
Employee Count
80
as on Dec 31, 2021
-
Acquired by
Sumitomo
(Jul 26, 2019)
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of Sekal
Sekal offers a comprehensive portfolio of products and services, including Drillscene®, Drilltronics®, and DrillExpect®. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Real-time tool for drilling diagnostics and optimization in oil operations
System for automated drilling control and efficiency enhancements
Platform for predicting and optimizing drilling outcomes accurately
Unlock access to complete
Unlock access to complete
Funding Insights of Sekal
Sekal has successfully raised a total of $3.72M across 2 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 2
- Last Round Last Round
-
First Round
First Round
(09 Jun 2011)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2013 | Amount | Series A - Sekal | Valuation | Aramco Ventures |
|
| Jun, 2011 | Amount | Seed - Sekal | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Sekal
Sekal has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include Sumitomo Corporation, Equinor and Aramco Ventures. 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 |
|---|---|---|---|---|
|
Early-stage startups are targeted for investment by Aramco Ventures.
|
Founded Year | Domain | Location | |
|
-
|
Founded Year | Domain | Location | |
|
Petroleum, natural gas, petrochemicals, and electrical power are produced globally.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Sekal
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Sekal
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Sekal Comparisons
Competitors of Sekal
Sekal 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 Nabors, Pason, Ulterra, Enhanced Drilling and Reelwell, 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 and app-based onshore and offshore drilling solutions are provided.
|
|
| domain | founded_year | HQ Location |
Integrated drilling data solutions are provided for real-time optimization.
|
|
| domain | founded_year | HQ Location |
Manufacturer of polycrystalline diamond compact drill bits
|
|
| domain | founded_year | HQ Location |
Technology solutions for drilling industry
|
|
| domain | founded_year | HQ Location |
Dual Drill String technology solution for oil and gas drilling industry
|
|
| domain | founded_year | HQ Location |
Provider of real-time drilling decision support for oil and gas industry
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Frequently Asked Questions about Sekal
When was Sekal founded?
Sekal was founded in 2011.
Where is Sekal located?
Sekal is headquartered in Sandnes, Norway. It is registered at Sandnes, Rogaland, Norway.
Is Sekal a funded company?
Sekal is a funded company, having raised a total of $3.72M across 2 funding rounds to date. The company's 1st funding round was a Seed of $3.72M, raised on Jun 09, 2011.
How many employees does Sekal have?
As of Dec 31, 2021, the latest employee count at Sekal is 80.
What is the annual revenue of Sekal?
Annual revenue of Sekal is $24.14M as on Dec 31, 2022.
What does Sekal do?
Sekal was founded in 2011 and is headquartered in Sandnes, Norway. Operations are centered on software development for the oil and gas sector, with a focus on drilling automation. Real-time dynamic monitoring systems and integrated processes for drilling operations are provided. Services support automation needs in exploration and production activities across the industry.
What products or services does Sekal offer?
Sekal offers Drillscene®, Drilltronics®, and DrillExpect®.
Who are Sekal's investors?
Sekal has 4 investors. Key investors include Sumitomo Corporation, Equinor, Aramco Ventures, and Procom Venture.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.