About Verdande Technology
Verdande Technology is a company based in Trondheim (Norway) founded in 2004.. Verdande Technology has raised $14.4 million across 3 funding rounds from investors including Baker Hughes, Investinor and ProVenture. Verdande Technology operates in a competitive market with competitors including Nabors, Ulterra, Pason, Enhanced Drilling and Reelwell, among others.
- Headquarter Trondheim, Norway
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Sectors
Energy & Utilities
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$14.4 M (USD)
in 3 rounds
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Latest Funding Round
$8 M (USD), Series B
Oct 17, 2012
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Investors
Baker Hughes
& 3 more
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Employee Count
Employee Count
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Funding Insights of Verdande Technology
Verdande Technology has successfully raised a total of $14.4M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $8 million completed in October 2012. 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 Series B — $8.0M
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First Round
First Round
(30 Aug 2010)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2012 | Amount | Series B - Verdande Technology | Valuation |
investors |
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| Sep, 2011 | Amount | Series B - Verdande Technology | Valuation |
investors |
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| Aug, 2010 | Amount | Series A - Verdande Technology | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| 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 Verdande Technology
Verdande Technology has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include Baker Hughes, Investinor and ProVenture. 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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Founded Year | Domain | Location | |
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Early-stage tech and energy investments are made primarily in Norway.
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location |
| Investor | Description | 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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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Verdande Technology
| 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 - Verdande Technology
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| 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 |
Verdande Technology Comparisons
Competitors of Verdande Technology
Verdande Technology 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, Ulterra, Pason, 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.
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| domain | founded_year | HQ Location |
Manufacturer of polycrystalline diamond compact drill bits
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| domain | founded_year | HQ Location |
Integrated drilling data solutions are provided for real-time optimization.
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| domain | founded_year | HQ Location |
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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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Verdande Technology
When was Verdande Technology founded?
Verdande Technology was founded in 2004 and raised its 1st funding round 6 years after it was founded.
Where is Verdande Technology located?
Verdande Technology is headquartered in Trondheim, Norway. It is registered at Trondheim, Trøndelag, Norway.
Is Verdande Technology a funded company?
Verdande Technology is a funded company, having raised a total of $14.4M across 3 funding rounds to date. The company's 1st funding round was a Series A of $6.4M, raised on Aug 30, 2010.
What does Verdande Technology do?
Verdande Technology was founded in 2004 in Trondheim, Norway, as a provider of AI-driven solutions for the oil and gas industry. Case-based reasoning technology is utilized to reuse knowledge, identify drilling issues, and support real-time decisions. Products and services are applied across various drilling operations to prevent problems and enhance efficiency in the sector.
Who are the top competitors of Verdande Technology?
Who are Verdande Technology's investors?
Verdande Technology has 4 investors. Key investors include Baker Hughes, Investinor, ProVenture, and Energy Capital Management.
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