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
Not available
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Net Profit
Not available
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EBITDA
Not available
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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
Not available
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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.
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.
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Early-stage tech and energy investments are made primarily in Norway.
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Investor details for Verdande Technology
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Investments & Acquisitions by Verdande Technology
Investment portfolio details for Verdande Technology
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Financial Statements - Verdande Technology
Detailed financials for Verdande Technology
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Verdande Technology Comparisons
Peer comparison for Verdande Technology
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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.
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Cloud and app-based onshore and offshore drilling solutions are provided.
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Manufacturer of polycrystalline diamond compact drill bits
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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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Dual Drill String technology solution for oil and gas drilling industry
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Detailed competitors of Verdande Technology
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Latest news on Verdande Technology
Complete news archive for Verdande Technology
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Frequently Asked Questions about Verdande Technology
Verdande Technology was founded in 2004 and raised its 1st funding round 6 years after it was founded.
Verdande Technology is headquartered in Trondheim, Norway. It is registered at Trondheim, Trøndelag, Norway.
Verdande Technology is a funded company, having raised a total of $14.4M across 3 funding rounds to date.
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.
Verdande Technology has 4 investors. Key investors include Baker Hughes, Investinor, ProVenture, and Energy Capital Management.