Novi Labs
Novi Labs sells AI-powered analytics software to energy companies and investors for asset evaluation and development planning. The Austin-based company has raised $42M and employs 141 people.
The growth story
Novi Labs grew from 20 to 141 employees between 2022 and 2026, raising $42M along the way, most recently a Series C in June 2025.
About
Novi Labs provides analytics tools that help energy companies assess assets, identify acquisition opportunities, and optimize development plans. Its software is used by thousands of companies globally to allocate capital and evaluate energy investments.
The company has raised $42M in funding, most recently in a Series C round in 2025. Its workforce of 141 spans engineering, data science, and energy sector expertise, with strong ties to the University of Calgary and energy industry veterans.
Founders and leadership
Engineering is Novi Labs' largest function, with 20 employees. The company has a median tenure of 2 years, suggesting moderate employee retention. Leadership includes energy industry veterans and AI experts.
The Novi Labs org chart
Scott Sherwood (CEO) leads 36 mapped leaders with 8 direct reports. Click +N to expand a team; names link to the person’s public profile.
Departments, and which ones grew
Headcount by function: Engineering 28 (+87% YoY), Information Technology 20 (+233% YoY), Business Development 19 (+138% YoY), Operations 12 (+140% YoY), Marketing 5 (+400% YoY), Product Management 4 (+100% YoY).
Talent flow
Novi Labs recruits heavily from energy analytics firms like EVA and RBN Energy, as well as oil majors like ExxonMobil. Alumni often move to energy companies like Civitas Resources and Hilcorp, with some transitioning to finance roles at firms like Citadel.
Most common previous employers of Novi Labs staff: EVA (A Novi Labs Company) (19), RBN Energy (10), McDaniel (8), University of Calgary (7), Enverus (4), ExxonMobil (4). Former Novi Labs employees most often moved to 512Financial (2), Civitas Resources (2), Hilcorp (2), Curriculum Associates (2), Citadel (1), OmniScience (1).
Alumni worth knowing
What this company is made of
Most common skills at Novi Labs: Python (Programming Language) (41), Microsoft Office (39), Microsoft Excel (33), SQL (31), Data Analysis (27), Leadership (25), Project Management (23), JavaScript (20).
Where the team actually sits
Novi Labs people are concentrated in Alberta, Canada (19), Texas, United States (18), South Holland, Netherlands (5), Colorado, United States (4).
Search footprint
Novi Labs attracts about 5,663 organic search visits a month, traffic worth roughly $29K a month if bought through ads. It gained 1,663 ranking keywords and lost 1,343 in the last period.
What employees say
- Compensation
- 4.00 / 5
- Career opportunities
- 4.00 / 5
- Senior management
- 5.00 / 5
- Work-life balance
- 5.00 / 5
Frequently asked
Novi Labs has 141 employees as of September 2026.
Novi Labs has raised $42M in total, most recently a Series C round in June 2025.
Novi Labs was founded in 2015 by Jon Ludwig.
Scott Sherwood (CEO) sits at the top of Novi Labs's reporting structure, with 8 direct reports.
The most common previous employers of current Novi Labs staff are EVA (A Novi Labs Company) (19 people), RBN Energy (10 people), McDaniel (8 people).
Former Novi Labs employees most often move to 512Financial (2), Civitas Resources (2), Hilcorp (2).
Novi Labs attracts about 5,663 organic search visits a month, worth roughly $29K a month in equivalent ad spend.
The most common skills among Novi Labs staff are Python (Programming Language), Microsoft Office, Microsoft Excel, SQL, Data Analysis.
Novi Labs staff are concentrated in Alberta, Canada (19), Texas, United States (18), South Holland, Netherlands (5).
Novi Labs has about 28 people in Engineering, up 87% over the past year, as of September 2026.
Novi Labs has about 20 people in Information Technology, up 233% over the past year, as of September 2026.
Computed from 71 current and 67 former Novi Labs profiles, as of September 2026. Source: Crustdata.
Build this for any company
Every number on this page came from the Crustdata API. Point the MCP at a company and get the same org chart, alumni list and talent flow in one prompt.