Norwegian technology company Kongsberg Digital has a new ownership structure after significant investment from two big players.

The industrial software unit of Kongsberg has raised $90m from Shell Ventures and Oslo venture capital fund Idekapital to support and accelerate growth and development.

The injection values Kongsberg Digital at $540m post-money, but the exact stakes were not revealed.

Kongsberg Digital, which aims to transform how businesses design, operate and maintain their assets, called the new transactions a “major milestone”.

Kongsberg Digital was established in 2016 to focus on the energy, maritime and renewable sectors.

It has developed pioneering technology in carbon capture and storage, new energy ventures towards net-zero, voyage optimisation and emissions reduction, it claimed.

“This investment from Shell Ventures and Idekapital is a fantastic testimony to Kongsberg Digital’s unwavering commitment to making heavy-asset industries operate smarter, safer and greener,” said Kongsberg Digital chief executive Shane McArdle.

‘Global player’

“This financial support strengthens our ambitions for further growth, positioning us to become a significant global player with our technology and digital solutions for heavy-asset industries.”

Two deals were signed recently with oil majors Shell and Chevron to provide digital twins of their global assets portfolio.

And last year, Kongsberg Digital agreed a deal with giant liner operator MSC Mediterranean Shipping Company to digitalise the entire fleet of more than 500 vessels.