Trac ID Systems Overview

  • Year Founded
  • 2005

Year Founded

  • Status
  • Acquired/​Merged

  • Employees
  • 15

Employees

  • Latest Deal Type
  • M&A

Trac ID Systems General Information

Description

Provider of radio frequency identification technology (RFID) for the oil and gas industry. The company offers wireless communication systems to improve lifecycle management and rig assets through automated tracking, including manufacturing control, stock management, transport tracking and inspection handling.

Contact Information

Website
www.tracid.com
Ownership Status
Acquired/Merged
Financing Status
Formerly VC-backed
Corporate Office
  • Lagerveien 12 A
  • P.O. Box 22
  • 4064 Stavanger
  • Norway
+47 51
Primary Industry
Wireless Communications Equipment
Other Industries
Other Communications and Networking
Other Business Products and Services
Acquirer
Corporate Office
  • Lagerveien 12 A
  • P.O. Box 22
  • 4064 Stavanger
  • Norway
+47 51

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Trac ID Systems Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
3. Merger/Acquisition 01-Feb-2016 Completed Profitable
2. Later Stage VC 24-Apr-2013 Completed Profitable
1. Early Stage VC 01-Jan-2007 Completed Generating Revenue
To view Trac ID Systems’s complete valuation and funding history, request access »

Trac ID Systems Patents

Trac ID Systems Recent Patent Activity

Publication ID Patent Title Status First Filing Date Technology (CPC) Citations
US-20120297652-A1 Device and method for attaching an id-marker to a production pipe Inactive 12-Nov-2009
EP-2499324-B1 Device and method for attaching an id-marker to a production pipe Active 12-Nov-2009
EP-2499324-A2 Device and method for attaching an id-marker to a production pipe Active 12-Nov-2009
GB-2441185-A Electronic id tag and co-operating antenna Active 13-Oct-2004
GB-0708931-D0 Electronic id tag and co-operating antenna Active 13-Oct-2004 G06K19/0723
To view Trac ID Systems’s complete patent history, request access »

Trac ID Systems 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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Trac ID Systems Former Investors (2)

Investor Name Investor Type Holding Investor Since Participating Rounds
Equinor Ventures Corporate Venture Capital Minority
Northzone Ventures Venture Capital Minority
To view Trac ID Systems’s complete investors history, request access »

Trac ID Systems FAQs

  • When was Trac ID Systems founded?

    Trac ID Systems was founded in 2005.

  • Where is Trac ID Systems headquartered?

    Trac ID Systems is headquartered in Stavanger, Norway.

  • What is the size of Trac ID Systems?

    Trac ID Systems has 15 total employees.

  • What industry is Trac ID Systems in?

    Trac ID Systems’s primary industry is Wireless Communications Equipment.

  • Is Trac ID Systems a private or public company?

    Trac ID Systems is a Private company.

  • What is Trac ID Systems’s current revenue?

    The current revenue for Trac ID Systems is .

  • How much funding has Trac ID Systems raised over time?

    Trac ID Systems has raised $3.89M.

  • Who are Trac ID Systems’s investors?

    Equinor Ventures and Northzone Ventures have invested in Trac ID Systems.

  • When was Trac ID Systems acquired?

    Trac ID Systems was acquired on 01-Feb-2016.

  • Who acquired Trac ID Systems?

    Trac ID Systems was acquired by NOV.

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