Novi Labs

Novi Labs is an energy technology company based in Austin, Texas, founded in 2014.

The company specializes in AI-driven analytics and forecasting tools designed for oil and gas operators and investors. Its mission is to help clients maximize economic returns on shale assets through optimized capital allocation, asset evaluation, and development planning. The company offers a cloud-based energy analytics platform that integrates various data sources and employs machine learning for predictive modeling. This platform features five core engines: Data, Model, Forecast, Insight, and Novi Intelligence, which collectively streamline workflows and enhance decision-making. Key capabilities include development planning, well selection, and acquisition analytics, all aimed at providing a comprehensive solution for the upstream energy sector. Novi Labs serves a diverse range of B2B customers, including shale-focused oil and gas operators, energy investors, and decision-makers in the energy industry. The company is positioned in the SaaS market and has raised a total of $9.3 million to support its growth initiatives.