Where is Madala located?

Madala is headquartered in Calgary, Canada. It is registered at Rīga, Matīsa iela 52B - 14.

Who is the current CEO of Madala?

Raj Bal of Madala. They have also founded 1 company.

Which legal entities is Madala associated with?

Madala is associated with Madala.

How many employees does Madala have?

As of May 31, 2026, the latest employee count at Madala is 4.

Is Madala a funded company?

Madala is a funded company, having raised a total of $***** in its 1st and only funding round.

Where does Madala rank among its competitors?

Madala ranks 11th amongst 25 active competitors, of which 2 are funded. It stands 11th in terms of total funding among its competitors. The most recent competitor to raise funding was Sotaog, which secured $249K in Apr, 2025.

Who are the top competitors of Madala?

Madala's top competitors include Tachyus, Aker Solutions and FutureOn. Among them, Sotaog secured the most recent funding round in April, 2025.

Madala - 2026 Company Profile, Team & Competitors

Madala is an unfunded company based in Calgary (Canada), founded in 2015 by Damien Hocking and Raj Bal. It operates as a Provider of advanced software solutions for oil production. Madala has not raised any funding yet. The company has 25 active competitors, including 2 funded and 6 that have exited. Its top competitors include companies like Tachyus, Aker Solutions and FutureOn.

Company Details

Provider of advanced software solutions for oil production. Its technology enables oil and gas producers to uncover hidden opportunities,improve underperforming wells and sustain targets to increase field production.

Website: www.madalasoftware.com
Email ID: *****@madalasoftware.com
Phone Number: +1 **********
Registered Address: Rīga, Matīsa iela 52B - 14

Key Metrics

Founded Year

2015

Location

Calgary, Canada

Stage

Unfunded

Ranked

11^th among 25 active competitors

Employee Count

4 as on May 31, 2026

Similar Companies

FutureOn & 6 more

View Madala's full profile

Madala is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
Madala CIN: 50203126331 , Latvia, Active	Feb 22, 2018	€0 - €1M (As on Dec 31, 2019)	5 (As on Dec 31, 2019)	-

Madala has not raised any funding rounds yet.

The founders of Madala are Damien Hocking and Raj Bal. Raj Bal is the CEO of Madala.

Here are the details of Madala's key team members:

Damien Hocking: Co-Founder & CTO of Madala.
Raj Bal: Co-Founder & CEO of Madala.

View details of Madala's Founder profiles and Board Members

Madala's employee count trend

Madala has 4 employees as of May 26. Here is Madala's employee count trend over the years:

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Top competitors of Madala include Tachyus, Aker Solutions and FutureOn. Here is the list of Top 10 competitors of Madala, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Tachyus 2013, Palo Alto (United States), Acquired	Developer of software for operational optimization and emissions management solutions	$46.9M	Founders Fund, Caffeinated Capital & 16 others	65/100
2nd	Aker Solutions 1841, Oslo (Norway), Acquired	Provider of diversified solutions for the oil and gas industry	-	Europa	54/100
3rd	FutureOn 2016, Oslo (Norway), Acquired	Provider of a cloud-based digital twin software solution for oilfield asset management	-	Bentley Acceleration Fund, Bentley iTwin Ventures ... & 2 others	51/100
4th	4Subsea 2007, Asker (Norway), Acquired	Subsea well management and monitoring solutions	-	Viking Venture	44/100
5th	Tranzmeo 2017, Kochi (India), Series A	Developer of AI and fibre optic sensing based security systems	$1.35M	HPCL, Shell & 4 others	39/100
6th	Corva 2012, Houston (United States), Funding Raised	Provider of predictive drilling analytics	-	Flexpoint Ford	35/100
7th	Sotaog 2017, Houston (United States), Seed	Provider of cloud and AI-driven oil & gas technology solutions	$100K	Google for Startups, mHUB & 2 others	34/100
8th	Landmark Solutions 1989, Cairo (Egypt), Acquired	Provider of digital twin for E&P industry	-	-	34/100
9th	eDrilling 2008, Stavanger (Norway), Funding Raised	Developer of 3D simulation-based well-drilling simulator software	-	HitecVision, gassnova	33/100
10th	Abyssal 2012, Porto (Portugal), Acquired	Develops sub-sea navigation technology for ROVs using 3D & AR	-	Portugal Ventures, PME Investimentos	33/100
11th	Madala 2015, Calgary (Canada), Unfunded	Provider of advanced software solutions for oil production	-	-	25/100