Novi Labs revenue hit $918k in 2023
Novi Labs team size is 23 employees
Novi Labs
How Novi Labs hit $918K Revenue
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.
2014
Founded
$918K
2022 Revenue
YOY
Funding
Novi Labs Revenue
In 2022, Novi Labs revenue run rate hit $918K in revenue.
2021
Novi Labs hit $918K in revenue in 2021
2014
Novi Labs launched in 2014 with $0 revenue
Novi Labs Funding History
| FUNDING DATE | ROUND | AMOUNT | VALUATION |
|---|
Team
Novi Labs has 23 total employees and 18 sales reps that carry a quota.
| DISTRIBUTION | QTY |
|---|---|
| Total team size | 23 |
| Engineer | 80(348%) |
| Sales | 18(78%) |
| Marketing | 2(9%) |
CEO/Founder
Scott Sherwood
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 & 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 networkbased 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.
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Customers
Novi Labs has 0 customers.
Lifetime Months
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x
Monthly ARPU
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Lifetime Dollar
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Acquisition Cost
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Average Annual Price
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Churn
Novi Labs has an annual churn rate of 0.00%.
Gross Annual Dollar Churn
-0.00%
Annual Dollar Expansion
0.00%
Net Revenue Retention
0.00%
About Novi Labs
Monthly Revenue
$76.5K
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Total Expenses
$0.0
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Net Income
$0.0
EBIDTA Margin
0.0%
+
YOY Growth
0.0%
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Rule of 40
0
Novi Labs Board of Directors
| Name | Position |
|---|
Novi Labs Executives
| Name | Position |
|---|---|
| Scott Sherwood | CEO |
Novi Labs Employees
| Name | Position |
|---|---|
| Scott Sherwood | CEO |
Frequently Asked Questions about Novi Labs
When was Novi Labs founded?
Novi Labs was founded in 2014.
How much revenue does Novi Labs generate?
Novi Labs generates $918K in revenue.
Who is the CEO of Novi Labs?
The CEO of Novi Labs is Scott Sherwood.
How much funding does Novi Labs have?
Novi Labs raised $0.
How many employees does Novi Labs have?
Novi Labs has 23 employees.
Where is Novi Labs headquarters?
Novi Labs is headquartered in United States