# Novi Labs: Information technology & services, Austin, United States

> Novi Labs: Novi Labs is an energy technology company based in Austin, Texas, founded in 2014. Based in Austin, United States. Founded 2015.

Source: https://millionrounds.com/startup/novi-labs (Millionrounds; every figure on the page links to its filing or article)

United States · [Information technology & services startup](https://millionrounds.com/companies)

# Novi Labs

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

Funding reported Last round: Series A

Information technology & services Austin, United States

Company summary

- **Founded:** 2015 11 years old
- **Team:** 150 51 to 200 people
- **Funding reported:** $7.0M in dollars
- **Last round:** Series A May 2019

How sure we are

- ✓ **Listed** We know it exists and what it does
- 2 **Funding reported** A company dataset reports a raise
- 3 **Observed** A filing or a dated announcement confirms a round

No round for Novi Labs has been confirmed by a filing or an announcement yet, so nothing here counts toward an investor's record. [How we decide](https://millionrounds.com/methodology)

## About 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.

## What company datasets say Novi Labs raised

Funding, as reported

Reported in all **$7.0M** in dollars

Rounds **2**

Last round **Series A**

Last round size **$35M**

Last round date **May 2019**

Investors listed **2**

## Founders and team

From Novi Labs's own website: 1 founder, 4 on the team.

**Jon Ludwig** President and Co-Founder

- **Scott Sherwood** Chief Executive Officer
- **Scott Jones** Chief Financial Officer
- **David Braziel** VP, North American Energy Markets
- **Kevin Stambaugh** VP of Engineering

## The company, in detail

What they build

Known for

investment analytics oil and gas data curation advanced lease algorithms development planning oil & gas predictive modeling oil & gas asset management tools real-time data investment analysis data science enterprises upstream data innovation non-public well data energy data visualization oil & gas research tools energy sector innovation

Built with from their website

Amazon SES Amazon DynamoDB Amazon CloudFront Atlassian Google Workspace Amazon Simple Email Service Amazon Simple Queue Service PostgreSQL Google Cloud Hosting Google Meet

+8 more

Twilio SendGrid Email Marketing Campaigns Salesforce Amazon Route 53 Anthropic Claude Jira Spring Boot iContact AWS EventBridge

- **Sector:** Information technology & services
- **Industry code:** NAICS 54133, 51321, 51929, SIC 7375, 7372
- **Region:** Texas
- **Revenue:** $8.0M a year, as listed
- **Full record:** [Every detail in the company directory](https://millionrounds.com/directory/novi-labs)

## Information technology & services in United States

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