Valuation
$4.4M
2021 Revenue
$1.5M
Customers
5K
Funding
$0
Avg ACV
$296
Team
22
Founded
2008
How eDrilling CEO Toni Fadnes grew eDrilling 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.
| Year | Milestone |
|---|---|
| 2021 | eDrilling Hit $1.5m revenue in April 2021 |
| 2008 | Launched with $0 revenue |
eDrilling Valuation, Funding Rounds
eDrilling's most recent disclosed valuation is $4.4M.
eDrilling is a bootstrapped SaaS startup. Founded in 2008, eDrilling has grown to $1.5M in revenue without raising any venture capital or outside funding.
As a self-funded SaaS company, eDrilling has built its business with no outside investment.
| Year | Round | Amount | Valuation | % Sold |
|---|
eDrilling Employees & Team Size
eDrilling employs approximately 22 people as of 2026.
eDrilling has 22 total employees in different roles and functions and 2 sales reps that carry a quota. They have 5K customers that rely on the company's solutions.
| Year | Milestone |
|---|---|
| 2021 | Reached 22 employees (April 2021) |
Founder / CEO
Toni Fadnes
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
| Question | Answer |
|---|---|
| What's your age? | - |
| Favorite online tool? | - |
| Favorite book? | - |
| Favorite CEO? | - |
| Advice for 20 year old self | - |
Customers
See how eDrilling acquires and retains customers with data on acquisition costs and revenue performance. Log in to access the complete customer economics dashboard.
LockedFrequently 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.
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Source Attribution
Source: all data was collected from GetLatka company research and founder interviews. Revenue, funding, team, and customer figures are presented as company-reported or GetLatka-estimated metrics where the profile data identifies them that way.
Company data last updated .