What is Turnco?
Turnco specializes in downhole drilling tool inspections, integrating advanced technology solutions with experienced field engineers to uphold quality assurance in drilling operations. Their proprietary D90 process leverages real-time tool data to refine drilling practices, boost operational efficiencies, and mitigate costly downtime. The company's strategic focus is on streamlining operator drill processes while concurrently enhancing safety standards and tool reliability. Turnco recently broadened its operational scope within the Oil Country Tubular Goods sector through the strategic acquisition of Drill Spec Services, further solidifying its market presence.
How much funding has Turnco raised?
Turnco has raised a total of $350K across 1 funding round:
Debt
$350K
Debt (2020): $350K with participation from PPP
What's next for Turnco?
The substantial late-stage funding Turnco has attracted signals a period of accelerated growth and market expansion. This capital infusion is likely to fuel further technological development, enhance service delivery capabilities, and potentially support additional strategic acquisitions. The company is well-positioned to capitalize on its recent expansion into the Oil Country Tubular Goods domain, aiming to become a dominant force in ensuring the integrity and efficiency of drilling operations globally.
See full Turnco company page
