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- Kongsberg Digital
Kongsberg Digital Valuation, Funding & Investors
Kongsberg Digital is valued at $540M as of June 2023.
Last Kongsberg Digital valuation
$540M
Undisclosed stage · Jun 2023
Last Kongsberg Digital funding round
$90M
Undisclosed stage · Jun 2023
Cumulative funding Kongsberg Digital raised
$90M
across 1 funding round
Key investors in Kongsberg Digital
Shell Ventures
Idekapital
About Kongsberg Digital
Kongsberg Digital is a Kongsberg Gruppen division delivering simulation, automation, and digital twin software for maritime, oil and gas, and renewables sectors. Its Kognifai platform processes vessel data for route optimization, serving clients like Equinor in the Norwegian Sea.
Founded
2016
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Valuation
$540M (Jun 2023)
Sectors
Kongsberg Digital Valuation
Kongsberg Digital is currently valued at $540M, based on its undisclosed-stage round in June 2023.
The $90M round was led by Idekapital and Shell Ventures.
Kongsberg Digital valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Jun 2023 | Undisclosed stage | $540M |
Kongsberg Digital Funding History
Kongsberg Digital has raised a total of $90M across 1 funding round.
Kongsberg Digital funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jun 2023 | Undisclosed stage | Idekapital (lead); Shell Ventures (lead) | $90M | $540M | Kongsberg Digital Holding ASA, a business area within KONGSBERG established in 2016, provides industrial software solutions transforming how businesses design, operate, and maintain heavy assets in energy, maritime, and renewable sectors. On June 1, 2023, it raised USD 90 million from Shell Ventures and Idékapital, both serving as lead investors, in a private placement valuing the company at USD 540 million post-money. This funding aims to accelerate growth, support global scaling, and enable smarter, safer, greener operations in carbon-intensive industries. The investment marks a milestone, recognizing Kongsberg Digital's achievements and frontrunner status in digitalization. Recent contracts include enterprise agreements with Shell and Chevron for digital twins of global asset portfolios, and a June 2022 deal with MSC to digitalize its fleet of approximately 500 vessels. The company has deployed solutions across global assets with over 40,000 users. Shell Ventures, Shell's corporate venture arm, and Idékapital, a Norwegian firm focused on B2B software with scalable models, joined to bolster Kongsberg Digital's ambitions. CEO Shane McArdle highlighted the commitment to digitalizing heavy-asset industries, positioning the company as a global player. KONGSBERG CEO Geir Håøy welcomed the investors for amplifying future growth. |
Who has invested in Kongsberg Digital?
2 investors have backed Kongsberg Digital across its funding rounds, including Shell Ventures and Idekapital.
Lead investors include Idekapital and Shell Ventures.
Kongsberg Digital Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
This data is available for Pro users. Sign up to see all 2 Kongsberg Digital investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialAcquisitions by Kongsberg Digital
Kongsberg Digital has acquired 1 company to date.
Last acquisition by Kongsberg Digital was on May 2nd 2023. Kongsberg Digital acquired FutureOn for undisclosed valuation.
Latest Acquisitions by Kongsberg Digital
| Description | FutureOn is an Oslo-headquartered software provider of FieldTwin, a collaborative platform for subsea oil and gas engineering. Evolving from Xvision since 2008, it enables 3D visualization, simulation, and collaborative design for offshore field development projects worldwide, serving operators like Equinor and TotalEnergies. |
| HQ Country | |
| HQ City | Houston, TX |
| Deal Date | 2 May 2023 |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all Kongsberg Digital acquisitions and their M&A valuation multiples. Start Free Trial | |
Investments by Kongsberg Digital
Kongsberg Digital has invested in 1 company to date.
Latest investment by Kongsberg Digital was on June 26th 2019. Kongsberg Digital invested in eSmart Systems in their $34M Undisclosed stage round.
Latest Investments by Kongsberg Digital
| Description | eSmart Systems is a Norwegian company, based in Halden and Oslo, that develops AI-driven analytics software for inspecting and maintaining critical energy infrastructure, particularly power grids. Its Grid Vision product covers infrastructure inspection, asset health monitoring, powerline inspections, grid maintenance planning, and energy flexibility optimization for utilities. The company originated as a 2012 spin-off from the IFE Institute for Energy Technology and serves customers including Alliander and E.ON across seven countries. |
| HQ Country | |
| HQ City | - |
| Deal Date | 26 Jun 2019 |
| Round | Undisclosed stage |
| Raised | $34M |
| Investors | Equinor Technology Ventures; Future Energy Ventures; Energy Impact Partners; Nysnø |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all Kongsberg Digital investments and their VC round multiples. Start Free Trial | |
Kongsberg Digital Competitors
Kongsberg Digital competitors include listed companies like Salix Group, Reunert, Raya Holding and GraceKennedy, and private ones like Shlomo Group and The Sanmar Group.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $420M | $50M | $512M | - | ||
| Publicly listed | $854M | $116M | $509M | 0.6x | ||
| Publicly listed | $1.2B | $143M | $595M | 0.7x | ||
| Publicly listed | $1.1B | $107M | $476M | - | ||
| Private | - | - | $993M | - | ||
| Private | - | - | $1B | - |
Kongsberg Digital Public Comps
Kongsberg Digital is still privately-owned, but its public comps include Salix Group, Reunert, Raya Holding, GraceKennedy, Metall Zug, Pasifik Holding, MISTRAS Group, Pan Jamaica Group, Opus Global and Mannai Corporation.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $420M | $50M | 1.7x | - | 14.4x | - | |||
| $854M | $116M | 0.6x | 0.6x | 4.4x | 4.8x | |||
| $1.2B | $143M | 0.9x | 0.7x | 7.3x | 6.2x | |||
| $1.1B | $107M | 0.5x | - | 5.0x | - | |||
| $237M | ($10M) | 3.1x | 3.0x | (77.7x) | 70.9x | |||
| $153M | $7M | 3.0x | - | 62.8x | - | |||
| $724M | $68M | 1.1x | 1.1x | 12.0x | 8.8x | |||
| $287M | $83M | 2.5x | - | 8.8x | - | |||
This data is available for Pro users. Sign up to see all Kongsberg Digital competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Kongsberg Digital
| When was Kongsberg Digital founded? | Kongsberg Digital was founded in 2016. |
| Where is Kongsberg Digital headquartered? | Kongsberg Digital is headquartered in Oslo, Norway. |
| Is Kongsberg Digital publicly listed? | No, Kongsberg Digital is a private, VC-backed company. |
| What is Kongsberg Digital's valuation? | Kongsberg Digital was last valued at $540M in its undisclosed-stage round in June 2023. |
| How much funding has Kongsberg Digital raised? | Kongsberg Digital has raised $90M across 1 funding round. |
| What was Kongsberg Digital's last funding round? | Kongsberg Digital's last funding round was a $90M undisclosed-stage round in June 2023, led by Idekapital and Shell Ventures. |
| Who are Kongsberg Digital's investors? | Kongsberg Digital's investors include Shell Ventures and Idekapital. |
| Which companies are comparable to Kongsberg Digital? | Companies comparable to Kongsberg Digital include Salix Group, Reunert, Raya Holding, GraceKennedy, Shlomo Group and The Sanmar Group. |
| How many companies has Kongsberg Digital acquired? | Kongsberg Digital has acquired 1 company, including FutureOn. |
| How many companies has Kongsberg Digital invested in? | Kongsberg Digital has invested in 1 company, including eSmart Systems. |
| What was Kongsberg Digital's last investment? | In June 2019, Kongsberg Digital invested in eSmart Systems' $34M undisclosed-stage round alongside Equinor Technology Ventures, Future Energy Ventures, Energy Impact Partners and 1 other investor. |
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