Novi Labs

Novi is the leading developer of artificial intelligence driven business applications that help the oil & gas industry optimize the economic value of drilling programs.

Novi's artificial intelligence driven software helps shale operators improve economic outcomes through completions and spacing optimization.

Novi was founded in 2014 by Jon Ludwig & Dan Wesson and is headquartered in Austin, Texas.

Novi connects petroleum engineering teams to a single source of data and interactive predictive models, allowing Asset teams to focus on improving economic outcomes on capital drilling programs.

Novi, by leveraging cutting-edge data science, delivers intuitive analytics that give oil & gas leaders pressured with complex decisions the actionable insight they need to optimize capital allocation and well design.

Novi is changing the way oil & gas operators make well investment decisions. They are committed to driving innovation in North American oil & gas operators, a critical component of the economy.

Novi software combines machine learning algorithms and intuitive web applications designed to help petroleum engineers to drill more profitable wells.

 

Novi Labs is backed by Cottonwood Venture Partners and Bill Wood Ventures. The company raised $7M from its single "Series A" financing on May 14, 2019.

 

 

  • Year founded: 2014
  • Funding Info: $7M over 1 Round of Funding (Funding Type: Series A)
  • Yearly Revenue: NA
  • Employee Size: 11-50
  • Business Valuation: NA
  • City/Town: Austin
  • State: Texas
  • Country: United States
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