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Shell Ventures and Idékapital invest US$90 million in Kongsberg Digital

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Oilfield Technology,

Kongsberg Digital Holding, a business area within Kongsberg, has raised US$90 million in investment from Shell Ventures and Idékapital. The funding and new investors will support and accelerate the future growth and development of Kongsberg Digital.

Shell Ventures and Idékapital invest US$90 million in Kongsberg Digital

Since its establishment in 2016, Kongsberg Digital has experienced growth and established itself as the frontrunner in the digitalisation of heavy asset industries with a strong focus on the energy, maritime and renewable sectors.

Today, the company serves some of the world's largest energy and maritime companies by creating crucial value for its industrial data from well to wake. Businesses trust Kongsberg Digital for its technology in carbon capture and storage, new energy ventures towards Net-Zero, voyage optimisation, emissions reduction, and balancing grids and complex power systems.

The investment from Shell Ventures and Idékapital underscores a strong recognition of what has been achieved to date and is a major milestone for the organisation. The new owner structure will support the compamys mission to enable smarter, safer, and greener operations across industries.

Shane McArdle, CEO of Kongsberg Digital, said: “As an industrial software company, Kongsberg Digital understands the value of digitalising carbon-intensive industries by deploying new ways of working. This investment from Shell Ventures and Idékapital is a fantastic testimony to Kongsberg Digital’s unwavering commitment to making heavy-asset industries operate smarter, safer, and greener. This financial support strengthens our ambitions for further growth, positioning us to become a significant global player with our technology and digital solutions for heavy-asset industries. I am very much looking forward to working alongside our new investors as we continue to scale globally and drive positive change in these industries. Our efforts to shape the future of work have been recognised and reinforced by this partnership."

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