When was Saipem founded?

Saipem was founded in 1957 and raised its 1st funding round 50 years after it was founded.

Where is Saipem located?

Saipem is headquartered in San Donato Milanese, Italy. It is registered at Houston, Texas.

How many employees does Saipem have?

As of Sep 30, 2026, the latest employee count at Saipem is 27247.

Is Saipem a funded company?

Saipem is a funded company, having raised an undisclosed amount across 3 funding rounds to date. The company's 1st funding round was a $***** Post IPO round, raised on Sep 27, 2007.

When was the latest funding round of Saipem?

Saipem's latest funding was a $***** Grant (prize money) round on May 01, 2021, with participation from 1 investor.

Where does Saipem rank among its competitors?

Saipem ranks 3rd amongst 932 active competitors, of which 20 are funded. It stands 5th in terms of total funding among its competitors. The most recent competitor to raise funding was Oceaneering, which secured an undisclosed amount in Sep, 2025.

Who are the top competitors of Saipem?

Saipem's top competitors include Oceaneering, Raheja Universal and Eddyfi Technologies. Among them, Oceaneering secured the most recent funding round in September, 2025.

Saipem - 2026 Company Profile, Team, Funding & Competitors

Saipem is a public company based in San Donato Milanese (Italy), founded in 1957. It operates as an Integrated service provider to the oil and gas industry. Saipem has raised an undisclosed amount in funding. The company has 932 active competitors, including 20 funded and 91 that have exited. Its top competitors include companies like Oceaneering, Raheja Universal and Eddyfi Technologies.

Company Details

Saipem is an Italian public company focused on the oil and gas industry. The company offers a wide range of services to both onshore and offshore oil and gas industry. The services include drilling services, engineering, procurement, construction (EPC) services and installation of pipelines etc. The company is listed on the Milan Stock Exchange since 1984. In 2019, the company recorded annual revenues of $10.2B, and a net profit of $0B.

Website: www.saipem.com/en
Email ID: *****@saipem.com
Phone Number: +39 **********
Registered Address: Houston, Texas

Key Metrics

Founded Year

1957

Location

San Donato Milanese, Italy

Stage

Public

Latest Funding Round

Grant (prize money), May 01, 2021, $*****

Investors

CDP Equity & 5 more

Ranked

3^rd among 932 active competitors

Employee Count

27,247 as on Sep 30, 2026

Investment & Acquisitions

Bouygues Offshore & 2 more

Similar Companies

Oceaneering & 7 more

Exit Details

Public

View Saipem's full profile

Saipem is associated with 5 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
SAIPEM DRILLING NORWAY AS CIN: 998277418 , Norway, Active	Apr 12, 2012	-	221 (As on Dec 31, 2022)
SERVIZI ENERGIA ITALIA S.P.A. CIN: 928640434 , Norway, Active	May 03, 2012	-	-
LUIGI CONSTRUCTION AND TRANSPORT LTD CIN: 13399457 , United Kingdom, Active	May 13, 2021	-	1 (As on May 31, 2025)
SAIPEM INDIA PROJECTS PRIVATE LIMITED CIN: U28999TN2001PTC046866 , India, Active	Mar 28, 2001	₹1,000+ Cr (As on Mar 31, 2026)	2377 (As on Oct 31, 2024)
SAIPEM AMERICA, INC. CIN: 760310017 , United States, Active	Dec 26, 999	-	205 (As on Dec 31, 2024)	-

Saipem got listed on Jul 06, 1993.

Click here to take a look at Saipem's IPO in detail

Saipem has raised funding over 3 rounds. Its first funding round was on Sep 27, 2007. Its latest funding round was a Grant (prize money) round on May 01, 2021 for $*****. 1 investor participated in its latest round. Saipem has 6 institutional investors.

Here is the list of recent funding rounds of Saipem:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
May 01, 2021	5000706	Grant (prize money)	5438299	7509010	7098704	9139841
Jan 01, 2021	5440825	Grant (prize money)	5046119	7381343	3349716	Europa
Sep 27, 2007	9561021	Post IPO	2739600	4762924	9295076	Haldor Topsoe

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Saipem's employee count trend

Saipem has 27,247 employees as of Sep 26. Here is Saipem's employee count trend over the years:

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Top competitors of Saipem include Oceaneering, Raheja Universal and Eddyfi Technologies. Here is the list of Top 10 competitors of Saipem, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Oceaneering 1964, Houston (United States), Public	Provider of subsea, aerospace, and industrial technology solutions	-	Scottish Enterprise, Net Zero Technology Centre	61/100
2nd	Raheja Universal 1980, Mumbai (India), Funding Raised	Developer of real estate projects	-	Brand Capital	55/100
3rd	Saipem 1957, San Donato Milanese (Italy), Public	Integrated service provider to the oil and gas industry	-	CDP Equity, Eni Next & 4 others	53/100
4th	Eddyfi Technologies 2009, Quebec City (Canada), Acquired	Provider of advanced non-destructive testing (NDT) technologies and robotic solutions	$150M	Novacap, CDPQ	51/100
5th	SORAVIA 1989, Vienna (Austria), Unfunded	Developer of real estate projects	-	-	50/100
6th	Knowledge Economic City 2006, Medina (Saudi Arabia), Public	Developer of real estate projects	-	Savola Group, Taiba	50/100
7th	Dwell 1999, San Francisco (United States), Acquired	Website offering real estate project details	-	Zenstone Venture Capital, North Equity & 3 others	49/100
8th	Tidhar 1993, Ra anana (Israel), Unfunded	Developer of real estate projects	-	-	49/100
9th	J Kumar Infraprojects 1980, Mumbai (India), Public	Developer of metro systems bridges, flyovers, skywalks, roads and urban infrastructure	-	-	48/100
10th	Terradepth 2018, Austin (United States), Series B	Provider of autonomous subsea intelligence platform delivering actionable ocean data	$28M	Giant Ventures, Nimble Ventures & 4 others	48/100

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Saipem has acquired 3 companies including Bouygues Offshore, Moss Maritime and Moss Maritime. Saipem has not made any investments as of now.

Here is the list of its acquisitions:

Date of Investment/Acquisition	Type	Company Name	Founded Year	Location
May 20, 2002	Acquisition	Bouygues Offshore	1952	Paris (France)
Jul 23, 2001	Acquisition	Moss Maritime	1971	Lysaker (Norway)
Feb 03, 2000	Acquisition	Moss Maritime	1971	Lysaker (Norway)