Intelligent Wellhead Systems, based in the United States, is focused on optimizing completions with their proprietary inVision™ Technology Platform. This platform, which incorporates software, sensors, controls, and best practices, is rented to oil and gas companies on a daily, monthly, or annual basis. The company, founded in 2011, has gained recognition for its impactful technologies, with more than 45,000 successful stages completed without incidents. Notably, their Digital Handshake™ and Digital Completion Twin™ technologies have led to significant improvements, including a 55% reduction in frac valve activation time and a 59% decrease in wireline valve action times. The latest innovation, Digital Valve Control™, further contributes to operational efficiency and personnel safety. In December 14, 2022, the company secured a $17.90M Corporate Round investment from Pason Systems. Their focus on enhancing safety and efficiency in the oil and gas industry positions them as a compelling prospect for potential investors.
Funding Stage | Amount | No. Investors | Investors | Date |
---|---|---|---|---|
Corporate Round | $17.90M | 1 | Pason Systems | 14 Dec 2022 |
Venture Round | $35.00M | 2 | Werklund Capital, Pason Systems | 03 Oct 2019 |
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