About Ulterra
Ulterra is a company based in Fort Worth (United States) founded in 2005 was acquired by Patterson-UTI Energy in July 2023.. Ulterra offers products and services including PDC Drill Bits, CounterForce, Split Blade, and Downhole Tools. Ulterra operates in a competitive market with competitors including Nabors, Pason, Enhanced Drilling, Reelwell and Verdande Technology, among others.
- Headquarter Fort Worth, United States
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Sectors
Energy & Utilities
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Email
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Phone
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Website
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Social
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- Legal Name Ulterra Drilling Technologies, L.P.
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
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Investors
Patterson-UTI Energy
& 3 more
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Employee Count
Employee Count
- Acquired by
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Products & Services of Ulterra
Ulterra offers a comprehensive portfolio of products and services, including PDC Drill Bits, CounterForce, Split Blade, and Downhole Tools. 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.
Tools for efficient oil and gas drilling with vibration control
Drill bits that limit vibration for better drilling performance
Enhances cuttings evacuation in drilling operations
Improves drill string survivability and prevents stick-slip
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Sales and Marketing
5 people
Leadership Team
4 people
Finance and Accounting
2 people
Operations Team
1 people
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Funding Insights of Ulterra
- Total Funding Total Funding
- Total Rounds 1
- Last Round Last Round
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Dec, 2007 | Amount | Private Equity Round - Ulterra | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Ulterra
Ulterra has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include Patterson-UTI Energy, Blackstone and American Securities. 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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Amberjack Capital Partners is engaged in private equity investments.
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Diversified investment management is provided across multiple asset classes.
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Private equity firm
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Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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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 Ulterra
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Ulterra
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Ulterra Comparisons
Competitors of Ulterra
Ulterra 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, Enhanced Drilling, Reelwell and Verdande Technology, 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 |
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| domain | founded_year | HQ Location |
Cloud and app-based onshore and offshore drilling solutions are provided.
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Integrated drilling data solutions are provided for real-time optimization.
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Technology solutions for drilling industry
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| domain | founded_year | HQ Location |
Dual Drill String technology solution for oil and gas drilling industry
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| domain | founded_year | HQ Location |
Provider of real-time drilling decision support for oil and gas industry
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
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 Ulterra
Frequently Asked Questions about Ulterra
When was Ulterra founded?
Ulterra was founded in 2005 and raised its 1st funding round 2 years after it was founded.
Where is Ulterra located?
Ulterra is headquartered in Fort Worth, United States. It is registered at Fort Worth, Texas, United States.
What does Ulterra do?
Founded in 2005 and headquartered in Fort Worth, United States, operations focus on the oil and gas sector. Steel-body and matrix PDC drill bits are designed, manufactured, and rented for well construction. Proprietary stick-slip reduction tools are also developed to support drilling efficiency. Primary markets are served in the United States and Canada.
What products or services does Ulterra offer?
Ulterra offers PDC Drill Bits, CounterForce, Split Blade, and Downhole Tools.
Who are Ulterra's investors?
Ulterra has 4 investors. Key investors include Patterson-UTI Energy, Blackstone, American Securities, and Amberjack Capital Partners.
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