Axel

Axel is a universal MWD (Measurement While Drilling) platform that offers a high-speed telemetry system and the option of integrating MWD/LWD sub and spare parts from multiple manufacturers, reducing capital and operating costs. Founded in 2012 and based in the United States, Axel received a $200.00K Seed Round investment on 01 May 2017 from Phystech Ventures and North Energy Ventures. Its slogan "4.8+ bps telemetry | Universal MWD Platform for High Speed Telemetry | Triple Combo & RSS Integrator" underscores its core offerings. This startup's innovative approach in the field of Information Technology is poised to make a significant impact within the drilling industry. Axel's commitment to cost optimization and enhanced outcomes positions it as an enticing prospect for venture capitalists seeking potentially high returns in the energy sector.