FutureOn
Financials
Estimates*
NOK | 2021 | 2022 |
---|---|---|
Revenues | 19.3m | 23.0m |
% growth | - | 19 % |
Profit | (15.0m) | (16.8m) |
% profit margin | (78 %) | (73 %) |
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
€50.0k | Grant | ||
N/A | Early VC | ||
$4.5m | Early VC | ||
* | N/A | Acquisition | |
Total Funding | $4.6m |
Related Content
Recent News about FutureOn
EditFutureOn is a forward-thinking technology company specializing in digital solutions for the energy sector, particularly focusing on oil and gas. The company operates in the global energy market, providing innovative software tools that enhance digital field planning and data integration. FutureOn's flagship product, FieldTwin, is a digital twin platform that creates virtual replicas of physical assets, allowing operators to visualize and manage their fields more efficiently.
FutureOn serves a diverse range of clients, including energy operators and Engineering, Procurement, and Construction (EPC) companies. These clients benefit from FutureOn's ability to streamline operations, reduce costs, and improve decision-making through advanced data analytics and visualization tools.
The company has formed strategic partnerships with industry leaders like Kongsberg Digital and Wood, enhancing its service offerings and expanding its market reach. FutureOn is also a Silver member of the Open Group Open Subsurface Data Universe (OSDU), which underscores its commitment to industry standards and data integration initiatives.
FutureOn's business model revolves around providing subscription-based access to its software platforms, along with offering customized digital solutions and consulting services. This model ensures a steady revenue stream while allowing the company to scale its offerings based on client needs.
In summary, FutureOn is revolutionizing the energy sector with its cutting-edge digital twin technology and strong focus on data integration. By partnering with key industry players and adhering to global standards, FutureOn is well-positioned to lead the digital transformation in oil and gas.
Keywords: digital twin, energy sector, oil and gas, FieldTwin, data integration, visualization, operators, EPC, partnerships, OSDU.