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eDrilling

Sandnes, Norway

Valuation

$4.4M

2021 Revenue

$1.5M

Customers

5K

Funding

$0

Avg ACV

$296

Team

22

Founded

2008

How eDrilling CEO Toni Fadnes grew to $1.5M revenue and 5K customers in 2021.

Provider of drilling system services. The company provides life cycle simulation programme for planning, training, optimization and control of drilling operations (decision support and process control) as well as related support competence.

Last updated

eDrilling Revenue

In 2021, eDrilling's revenue reached $1.5M. Since its launch in 2008, eDrilling has shown consistent revenue growth.

eDrilling Revenue GrowthReported revenue / ARR over time$0$400K$800K$1.2M$1.6M20082010201220142016201820202021$0$1.5MSource: GetLatka.com
YearMilestoneQuote
2021eDrilling Hit $1.5m revenue in April 2021
2008Launched with $0 revenue

eDrilling Valuation, Funding Rounds

eDrilling's most recent disclosed valuation is $4.4M.

eDrilling Capital Raised & ValuationCumulative capital raised and post-money valuation by roundCapital raised (cum.)Valuation$0$0$0.2$0.2$0.4$0.4$0.6$0.6$0.8$0.8$1$12008Source: GetLatka.com
YearRoundAmountValuation% SoldQuote

Founder / CEO

Toni Fadnes

CEO

Career Summary: Accomplished leader in companies and teams operating in diverse competitive environments. Highly committed and motivated to take organization, people, growth and objectives to a higher level. As General Manager Consumer & Online, leading the (r)evolution to a consumer oriented organizational culture, building the foundation for future growth. As BMO, achieved transforming Microsoft Norway sub from a perennial middle-roader to a high-performing organisation (growth, practices, talent). Key contributor to Microsoft's consumer strategy, operational framework and vision. Career Objectives: Developing and leading organisations, systems and strategies together with great people in a world-changing company. CEO, General Manager, and any international position requiring leadership, deep insight and vision, are attractive options. Specialties: Strengths include building organizational systems and people for growth and innovation, establishing and operationalizing vision, and hiring and growing talent. Leadership, sales & marketing, business operations, innovation, and organizational development.

Q&A

QuestionAnswer
What's your age?-
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Favorite book?-
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Advice for 20 year old self-

Customers

eDrilling serves 5K customers.

eDrilling Employees & Team Size

eDrilling employs approximately 22 people as of 2026, including 2 sales reps that carry a quota. It serves 5K customers that rely on its solutions.

eDrilling Team GrowthReported headcount over time051015202520082010201220142016201820202021002222Source: GetLatka.com
YearMilestone
2021Reached 22 employees (April 2021)

Frequently Asked Questions about eDrilling

What is eDrilling's revenue?

eDrilling generates $1.5M in revenue.

Who founded eDrilling?

eDrilling was founded by Toni Fadnes.

Who is the CEO of eDrilling?

The CEO of eDrilling is Toni Fadnes.

How much funding does eDrilling have?

eDrilling raised $0.

How many employees does eDrilling have?

eDrilling has 22 employees.

Where is eDrilling headquarters?

eDrilling is headquartered in Sandnes, Norway.

Data and Sources

All figures on this page are taken directly from interviews or are estimates from public sources and proprietary models. Not financial advice. Read full disclaimer.

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eDrilling Revenue 2021: $1.5M ARR, $4.4M Valuation