Kongsberg Digital, a subsidiary of Kongsberg, reports that it has raised US$90 million in new investment from Shell Ventures and Idékapital. The investment values the Kongsberg Digital business at $540 million.
Established as a separate business in 2016, Kongsberg Digital is focused on the digitalisation of heavy asset industries, particularly the energy, maritime and renewable sectors.
Over the past year, the company has signed two enterprise agreements with Shell and Chevron to provide digital twins of their global assets, as well as a deal with container line MSC to digitalise its entire fleet of approximately 500 vessels.
“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,” said Shane McArdle, CEO of Kongsberg Digital.
“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.”
