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Oil and Gas

Top 15 Startups in the Oil and Gas Industry

Here's an extensive list of 15 startups in the Oil and Gas industry that have rapidly grown in the past years.

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Have you ever wondered who is on the list of Oil and Gas startups with the highest growth rates?

You’re not alone.

There are hundreds of companies in this space, and it can be difficult to keep track of them all.

We've decided to take a deep dive and put together a list containing 15 fast-growing Oil and Gas startups that have top-tier venture capital funding.


15 Oil and Gas Startups

1) Koch Industries

1) Koch Industries

Koch Industries is a conglomerate that owns and operates a wide range of businesses and industries that produce the essentials of life.

Details of the startup:

  • Country: United States
  • City: Wichita
  • Started in: 1940
  • Founders: Fred C. Koch
  • Number of employees: 10001+
  • Funding amount: $101,596,246
  • Number of funding rounds: 2

You can find their website here.

2) Triax Technologies, Inc.

2) Triax Technologies, Inc.

Triax Technologies, Inc. provides a linked IoT worksite platform for the construction, energy, and heavy industrial sectors.

Details of the startup:

  • Country: United States
  • City: Norwalk
  • Started in: 2012
  • Founders: Chad Hollingsworth, Dale Hollingsworth
  • Number of employees: 11-50
  • Funding amount: $12,500,000
  • Number of funding rounds: 1
  • Number of investors: 2

You can find their website here.

3) Abu Dhabi National Oil Company

3) Abu Dhabi National Oil Company

ADNOC and its Group Companies want to be leaders in the Middle East and Africa when it comes to health, safety, and the environment.

Details of the startup:

  • Country: United Arab Emirates
  • City: Abu Dhabi
  • Started in: 1971
  • Number of employees: 10001+
  • Funding amount: $22,000,000,000
  • Number of funding rounds: 3
  • Number of investors: 17

You can find their website here.

4) Infinite Composites

4) Infinite Composites

Advanced gas storage systems for aircraft, industrial gas, and transportation applications are designed, developed, and manufactured by ICT.

Details of the startup:

  • Country: United States
  • City: Tulsa
  • Started in: 2010
  • Founders: Matt Villarreal, Michael Tate
  • Number of employees: 11-50
  • Funding amount: $5,435,205
  • Number of funding rounds: 14
  • Number of investors: 14

You can find their website here.

5) Westinghouse Electric Company

5) Westinghouse Electric Company

Westinghouse Electric Company LLC is a global provider of nuclear power plant components and services.

Details of the startup:

  • Country: United States
  • City: Cranberry
  • Started in: 1884
  • Founders: George Westinghouse
  • Number of employees: 5001-10000
  • Funding amount: $160,500,000
  • Number of funding rounds: 2
  • Number of investors: 2

You can find their website here.

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6) Enzen Global Solutions

6) Enzen Global Solutions

Enzen Global Solutions is a privately held corporation that specializes in energy and utilities sector refining, gaining, and sharing.

Details of the startup:

  • Country: India
  • City: Bengaluru
  • Started in: 2006
  • Founders: Satheesh Kumar
  • Number of employees: 1001-5000
  • Funding amount: $100,179,006
  • Number of funding rounds: 2
  • Number of investors: 2

You can find their website here.

7) Validere

7) Validere

Validere develops software and hardware to improve oil testing transparency and trust.

Details of the startup:

  • Country: Canada
  • City: Toronto
  • Started in: 2014
  • Founders: Ian Burgess, Nouman Ahmad
  • Number of employees: 11-50
  • Funding amount: $25,000,000
  • Number of funding rounds: 6
  • Number of investors: 22

You can find their website here.

8) Rocsole

8) Rocsole

For multi-industry applications, Rocsole tomography allows real-time process monitoring and AI predictive analytics.

Details of the startup:

  • Country: Finland
  • City: Kuopio
  • Started in: 2012
  • Founders: Pasi Laakkonen
  • Number of employees: 11-50
  • Funding amount: € 4,100,000
  • Number of funding rounds: 6
  • Number of investors: 2

You can find their website here.

9) Kayrros

9) Kayrros

Kayrros is a data analytics firm that assists global energy market participants in making more informed investment decisions.

Details of the startup:

  • Country: France
  • City: Paris
  • Started in: 2016
  • Founders: Alexandre d’Aspremont, Antoine Halff, Antoine Rostand, Jean-Michel Lasry, Laurent El Ghaoui
  • Number of employees: 51-100
  • Funding amount: $34,483,346
  • Number of funding rounds: 4
  • Number of investors: 7

You can find their website here.

10) Mainstream Renewable Power

10) Mainstream Renewable Power

Mainstream Renewable Energy specializes in renewable and alternative energy project design and management.

Details of the startup:

  • Country: Ireland
  • City: Sandyford
  • Started in: 2008
  • Founders: Eddie Connor
  • Number of employees: 101-250
  • Funding amount: $1,007,518,037
  • Number of funding rounds: 6
  • Number of investors: 9

You can find their website here.

11) Terrestrial Energy

11) Terrestrial Energy

In the 2020s, sophisticated reactor power facilities based on the Molten Salt Reactor are expected to be deployed.

Details of the startup:

  • Country: Canada
  • City: Oakville
  • Started in: 2013
  • Founders: Canon Bryan
  • Number of employees: 11-50
  • Funding amount: $65,576,237
  • Number of funding rounds: 8
  • Number of investors: 1

You can find their website here.

12) Hydrostor

12) Hydrostor

Advanced Compressed Air Energy Storage (A-CAES) is a long-duration, emission-free, cost-effective energy storage system developed by Hydrostor.

Details of the startup:

  • Country: Canada
  • City: Toronto
  • Started in: 2010
  • Founders: Cameron Lewis, Curtis VanWalleghem
  • Number of employees: 11-50
  • Funding amount: $37,000,000
  • Number of funding rounds: 4
  • Number of investors: 10

You can find their website here.

13) TrendMiner

13) TrendMiner

For process industry subject matter experts, TrendMiner provides Discovery, Diagnostic, and Predictive analytics tools.

Details of the startup:

  • Country: Belgium
  • City: Hasselt
  • Started in: 2007
  • Founders: Bert Baeck, Thomas Dhollander
  • Number of employees: 51-100
  • Funding amount: € 9,085,000
  • Number of funding rounds: 5
  • Number of investors: 5

You can find their website here.

14) Emirates Global Aluminium

14) Emirates Global Aluminium

Outside of the oil and gas sector, Emirates Global Aluminium (EGA) is the largest industrial firm in the UAE.

Details of the startup:

  • Country: United Arab Emirates
  • City: Dubai
  • Started in: 1975
  • Number of employees: 10001+
  • Funding amount: $600,000,000
  • Number of funding rounds: 1
  • Number of investors: 4

You can find their website here.

15) Hydrogenious Technologies

15) Hydrogenious Technologies

Hydrogenious Technologies creates cutting-edge technologies for hydrogen storage in liquid organic hydrogen carriers that are both safe and efficient.

Details of the startup:

  • Country: Germany
  • City: Erlangen
  • Started in: 2013
  • Founders: Daniel Teichmann, Eberhardt Schlücker, Peter Wasserscheid, Wolfgang Arlt
  • Number of employees: 11-50
  • Funding amount: € 17,000,000
  • Number of funding rounds: 3
  • Number of investors: 5

You can find their website here.

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