Novi Labs Gains $7 Million in New Funding

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Novi Labs

(Austin, TX.) Novi connects petroleum engineering teams to a single source of data and interactive predictive models, allowing Asset teams to focus on improving economic outcomes on capital drilling programs.

CEO: Scott Sherwood

Funding amount: $7 million

Series: A


  • Lead: Cottonwood Venture Partners
  • Other investors: Bill Wood Ventures

Funding plans: Adding product development, sales and customer care staff, invest in future technology.