MOTIVE Drilling Technologies Overview

  • Year Founded
  • 2011

Year Founded

  • Status
  • Acquired/​Merged

  • Employees
  • 11

Employees

  • Latest Deal Type
  • M&A

  • Latest Deal Amount
  • $88.8M

MOTIVE Drilling Technologies General Information

Description

Developer of drilling decision-automation platform for drilling operations. The company's platform includes a directional drilling bit guidance system that offers turn-by-turn instructions for optimized directional drilling of horizontal wells using machine intelligence, enabling companies to lower the cost and improve the accuracy and performance of drilling operations.

Contact Information

Website
www.motivedrilling.com
Formerly Known As
Hunt Advanced Drilling Technologies
Ownership Status
Acquired/Merged
Financing Status
Formerly VC-backed
Corporate Office
  • 1807 Ross Avenue
  • Suite 250
  • Dallas, TX 75201
  • United States
Primary Industry
Automation/Workflow Software
Other Industries
Business/Productivity Software
Acquirer
Helmerich & Payne
Vertical(s)
Artificial Intelligence & Machine Learning, TMT
Corporate Office
  • 1807 Ross Avenue
  • Suite 250
  • Dallas, TX 75201
  • United States

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MOTIVE Drilling Technologies Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
3. Merger/Acquisition 02-Jun-2017 $88.8M Completed Generating Revenue
2. Early Stage VC (Series A) 17-Feb-2016 Completed Startup
1. Accelerator/Incubator Completed Startup
To view MOTIVE Drilling Technologies’s complete valuation and funding history, request access »

MOTIVE Drilling Technologies Patents

  • 240

    Total Documents Applications and Grants

  • Total Patents Families

  • 204

    Granted

  • 19

    Pending

  • Expiring in next 12 mo

MOTIVE Drilling Technologies Recent Patent Activity

Publication ID Patent Title Status First Filing Date Technology (CPC) Citations
EP-4381164-A1 Systems and methods for oilfield drilling operations using computer vision Pending 04-Aug-2021
EP-4381164-A4 Systems and methods for oilfield drilling operations using computer vision Pending 04-Aug-2021
WO-2023014394-A1 Systems and methods for oilfield drilling operations using computer vision Inactive 04-Aug-2021
CA-3121861-A1 Downhole display Active 05-Feb-2019
EP-3877955-A1 Downhole display Active 05-Feb-2019 E21B7/04
To view MOTIVE Drilling Technologies’s complete patent history, request access »

MOTIVE Drilling Technologies Signals

Growth Rate

Weekly
Growth
Weekly Growth

Size Multiple

Median
Size Multiple

Key Data Points

Similarweb Unique Visitors

Majestic Referring Domains

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MOTIVE Drilling Technologies Former Investors (5)

Investor Name Investor Type Holding Investor Since Participating Rounds
Angel (individual) Minority
Formation 8 Venture Capital Minority
General Electric Ventures Corporate Venture Capital Minority
Hunt Energy Enterprises Corporate Venture Capital Minority
iFly.vc Venture Capital Minority
To view MOTIVE Drilling Technologies’s complete investors history, request access »

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MOTIVE Drilling Technologies FAQs

  • When was MOTIVE Drilling Technologies founded?

    MOTIVE Drilling Technologies was founded in 2011.

  • Where is MOTIVE Drilling Technologies headquartered?

    MOTIVE Drilling Technologies is headquartered in Dallas, TX.

  • What is the size of MOTIVE Drilling Technologies?

    MOTIVE Drilling Technologies has 11 total employees.

  • What industry is MOTIVE Drilling Technologies in?

    MOTIVE Drilling Technologies’s primary industry is Automation/Workflow Software.

  • Is MOTIVE Drilling Technologies a private or public company?

    MOTIVE Drilling Technologies is a Private company.

  • What is the current valuation of MOTIVE Drilling Technologies?

    The current valuation of MOTIVE Drilling Technologies is .

  • What is MOTIVE Drilling Technologies’s current revenue?

    The current revenue for MOTIVE Drilling Technologies is .

  • How much funding has MOTIVE Drilling Technologies raised over time?

    MOTIVE Drilling Technologies has raised $10.5M.

  • Who are MOTIVE Drilling Technologies’s investors?

    , Formation 8, General Electric Ventures, Hunt Energy Enterprises, and iFly.vc have invested in MOTIVE Drilling Technologies.

  • When was MOTIVE Drilling Technologies acquired?

    MOTIVE Drilling Technologies was acquired on 02-Jun-2017.

  • Who acquired MOTIVE Drilling Technologies?

    MOTIVE Drilling Technologies was acquired by Helmerich & Payne.

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