About Vertex Downhole
Vertex Downhole is a company based in Calgary (Canada) founded in 2011 was acquired by Gordon Technologies in October 2024.. The company has 31 employees as of December 31, 2024. Vertex Downhole offers products and services including Vertex MWD Kit, WINC, and WINC+. Vertex Downhole operates in a competitive market with competitors including Nabors, Pason, Ulterra, Enhanced Drilling and Reelwell, among others.
- Headquarter Calgary, Canada
- Employees 31 as on 31 Dec, 2024
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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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- Legal Name Vertex Downhole Technologies Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
- Investors
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Employee Count
31
as on Dec 31, 2024
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Acquired by
Gordon Technologies
(Oct 31, 2024)
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Products & Services of Vertex Downhole
Vertex Downhole offers a comprehensive portfolio of products and services, including Vertex MWD Kit, WINC, and WINC+. 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.
Complete kit for mud pulse telemetry in directional drilling.
Wireless tool for unmanned inclination surveying in drilling.
Provides inclination, azimuth, and data for accurate drilling operations.
Funding Insights of Vertex Downhole
| 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 Vertex Downhole
Vertex Downhole has secured backing from 1 investor. Prominent investors backing the company include Gordon Technologies. 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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Technology and services for oil and gas drilling are provided.
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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 Vertex Downhole
| 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 - Vertex Downhole
| 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 |
Vertex Downhole Comparisons
Competitors of Vertex Downhole
Vertex Downhole 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.
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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 |
Manufacturer of polycrystalline diamond compact drill bits
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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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| 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 |
|---|---|---|---|---|
| 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 Vertex Downhole
When was Vertex Downhole founded?
Vertex Downhole was founded in 2011.
Where is Vertex Downhole located?
Vertex Downhole is headquartered in Calgary, Canada. It is registered at Calgary, Alberta, Canada.
Who is the current CEO of Vertex Downhole?
Carl Brown is the current CEO of Vertex Downhole.
How many employees does Vertex Downhole have?
As of Dec 31, 2024, the latest employee count at Vertex Downhole is 31.
What does Vertex Downhole do?
Vertex Downhole was established in 2011 in Calgary, Canada, within the oilfield services sector. A variety of downhole tools is offered, including probe-based mud pulse systems, unmanned survey tools, drift correction devices, resistivity propagation tools with dual transmitters, drilling motors, and depth tracking kits. Operations focus on supporting drilling activities through these specialized products.
Who are the top competitors of Vertex Downhole?
What products or services does Vertex Downhole offer?
Vertex Downhole offers Vertex MWD Kit, WINC, and WINC+.
Who are Vertex Downhole's investors?
Vertex Downhole has 1 investor. Key investors include Gordon Technologies.