Adaplab Oil&Gas SIA

Our software solves automation problem of complex industrial processes, saving up to 10% of nonproductive-time, increases efficiency and eliminates human errors

  • Stage Prototype Ready
  • Industry Oil and Gas
  • Location Rīga, Rīgas pilsēta, Latvia
  • Currency EUR
  • Founded July 2015
  • Employees 6
  • Incorporation Type LLC
  • Website adaplab.com

Company Summary

Established 2015.
Attracted pre-seed of €50K.
Performed successful tests and signed software sales agreement with B&R Automation (0,5 bn annual turnover). Adaplab algorithms are now being implemented in their software platform. Sales planned to start 06.2017;
Finalist of ABB Drives Challenge 2017. ABB – Automation industry leader.
Business model is software license sales to: 1) Controller manufacturers; 2) Equipment manufacturers; 3) End users

Team

  • Raivis Nikitins
    CEO

    BA in Business Administration. Venture entrepreneur with 2+ year’s experience in high-tech business development & management. 9+ years experience in international sales and negotiations.

  • Vadim A. Alexandrov
    CSO

    PhD in control sciences. 12 years experience as lead engineer in power system automation and relay protection.

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