Novi Labs
Austin, Texas, United States
2021 Revenue
$918K
Team
23
Founded
2014
Novi Labs Revenue (2021)
Novi Labs generated $918K in revenue in 2021.
Developer of a cloud-based software platform designed to optimize shale asset field development decisions in the oil and gas industry. The company's software leverages machine learning technologies for combining high-performance cloud computing resources with open source algorithms to evaluate large and heterogeneous data sets and discover hidden insights, enabling oil and gas companies to drive efficiency in planning workflows and optimize the economic value of drilling programs.
Last updated
Novi Labs Revenue
In 2021, Novi Labs's revenue reached $918K.
| Year | Milestone | Source |
|---|---|---|
| 2021 | Novi Labs Hit $918k revenue in April 2021 | Not recorded |
| 2014 | Launched with $0 revenue |
Founder / CEO
Scott Sherwood
CEO
Scott Sherwood’s career spans more than twenty years in sales, management and consulting. He is CEO of Novi Labs, LLC, an Austin technology startup that combines artificial intelligence with oil and gas analytics to plan unconventional wells and optimize financial returns. Prior to Novi, Sherwood served as CEO at Packet Design and led sales at Cache IQ, a network-based caching company that was acquired by NetApp in 2012. Before that, he led all aspects of global sales and business development for ScienceLogic, a leading operations and cloud management company. Earlier in his career, Sherwood was Senior Vice President of Worldwide Sales at NetQoS, where he helped the company acquire a "who's who" of Global 2000 customers including half of the Fortune 50, grow revenues from $200,000 to $56 million at a 50% CAGR, and deliver 31 consecutive quarters of double digit revenue growth. He earned a degree in Information Systems from James Madison University College of Business.
Novi Labs Employees & Team Size
Novi Labs employs approximately 23 people as of 2026, including 18 sales reps that carry a quota.
| Year | Milestone | Source |
|---|---|---|
| 2021 | Reached 23 employees (April 2021) | Not recorded |
Frequently Asked Questions about Novi Labs
Who owns Novi Labs?
Novi Labs is owned by ShaleProfile, which acquired it.
What is Novi Labs's revenue?
As of 2021, Novi Labs generated $918K in revenue.
Who founded Novi Labs?
Novi Labs was founded by Scott Sherwood.
When was Novi Labs founded?
Novi Labs was founded in 2014.
How many employees does Novi Labs have?
As of 2021, Novi Labs had 23 employees.
Where is Novi Labs headquartered?
Novi Labs is headquartered in Austin, Texas, United States.
Compare Novi Labs to the industry
Novi Labs operates across multiple industries. Browse revenue, funding, and growth data for Novi Labs in each sector below.
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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