Powering the Future of Well Planning
Novi is fundamentally changing the way oil & gas companies design, forecast, and allocate capital for new wells. Learn about our vision, values, leadership, and company culture below.
Novi, Your Partner in Oil & Gas
“Novi” derives from the Latin meaning “to know”. We are a team that knows the oil & gas industry and strives to bring innovative workflows and software to solve the biggest challenges facing shale focused operators. We have assembled an experienced team of software engineers, data scientists and domain experts dedicated to the idea that we can use machine learning to fundamentally change the way oil & gas wells are drilled and completed.
At Novi, we believe hydrocarbons will remain vital to meeting global energy demand. We are forging strategic industry partnerships and providing superior oil and gas well planning software for well forecasting that allows operators to extract hydrocarbons more efficiently. Our team of top tier engineering and geoscience talent apply artificial intelligence and machine learning to address well planning complexities.
Funded by Leading Digital Oilfield Investors
Cottonwood Venture Partners (“CVP”) is a growth equity investment firm partnering with technology companies that provide digital solutions for the energy industry. CVP invests in technology companies that have achieved early customer adoption and require capital to accelerate growth.
Bill Wood Ventures is an Austin-based investment firm founded by Venture Capitalist Bill Wood. The investment firm focuses on the growing importance of Austin as a hub for oil & gas innovation by empowering top innovators with the resources, talent, and support needed to thrive.
Our Leadership Team
Novi is led by proven executive management comprised of technology entrepreneurs and oil & gas veterans.
Chief Executive Officer
Scott Sherwood’s career spans more than twenty years in sales, management and consulting. He is CEO of Novi Labs, LLC, an Austin technology startup that combines artificial intelligence with oil & gas analytics to plan unconventional wells and optimize financial returns.
Prior to Novi, Sherwood served as CEO at Packet Design and led sales at Cache IQ, a network-based caching company that was acquired by NetApp in 2012. Before that, he led all aspects of global sales and business development for ScienceLogic, a leading operations and cloud management company. Earlier in his career, Sherwood was Senior Vice President of Worldwide Sales at NetQoS, where he helped the company acquire a ”who’s who” of Global 2000 customers including half of the Fortune 50, grow revenues from $200,000 to $56 million at a 50% CAGR, and deliver 31 consecutive quarters of double digit revenue growth.
He earned a degree in Information Systems from James Madison University College of Business.
President and Co-Founder
Jon Ludwig is a proven, entrepreneurial professional with experience ranging from startups to building and managing teams within large organizations.
He founded Novi Labs to apply predictive analytics to hard engineering problems in unconventional oil & gas planning workflows after seeing from a firsthand perspective the challenges engineering teams faced when designing wells. As president of Novi, Ludwig is focused on taking care of Novi’s customers and aligning product strategy to customer needs. Prior to Novi, Ludwig was a Director at Hess Corporation. While with Hess he partnered with the Bakken Subsurface team to found the Predictive Analytics/Big Data program, which is now a cornerstone capability associated with the Hess LEAN manufacturing process for unconventional development. While with Capgemini, Ludwig started, staffed and grew a market leading systems integration consulting practice.
Prior to that, he was a partner at iPath, a boutique system integration firm that became one of EMC’s top systems integration partners in North America. Ludwig’s practice became the growth driver at iPath, leading to its acquisition by Perficient (NASQAQ: PRFT). Post-acquisition, Ludwig continued to serve as Managing Director. Ludwig holds a degree in finance and economics from The University of Florida’s Warrington College of Business.
VP of Engineering
Kevin Stambaugh is Vice President of Engineering at Novi Labs where he brings nearly 30 years of software engineering, data and product leadership experience to the company. With a strong record of successful strategic leadership across early and growth stage startups, he is responsible for commercializing Novi’s cloud-based well planning software, executing on the company’s product vision, and leading its team of software developers and data scientists.
Over the course of his career, Mr. Stambaugh participated in three startup exits, including two IPO’s and one acquisition. Prior to joining Novi, he was Chief Product and Data Officer at Shelfbucks, an Austin-based consumer tech company empowering traditional retailers to better compete with newer, tech-first companies by leveraging in-store IoT and mobile shopper engagement.
Mr. Stambaugh has held multiple C-level and VP-level Technology roles at startups and large enterprises. He has spent the majority of his career at the intersection of technology and business, helping organizations identify new market opportunities and leveraging data and technology to deliver strong business results.
He holds a bachelor’s degree in computer engineering from California State University, Chico and is agile CSM & CSP certified.
Chief Data Scientist
As Novi’s Chief Data Scientist, John Ramey leads the company’s big data and AI strategies for analyzing and predicting hydrocarbon recovery. He brings an extensive background in statistics, machine learning, and software development to Novi where he is a key part of our team building intelligent, data-driven products to enable energy professionals to make better decisions.
Before joining Novi in 2016, Ramey was Lead Data Scientist for uStudio, an enterprise SaaS provider that helps businesses modernize the way they communicate. While at uStudio, he was responsible for developing large-scale data strategies for media distribution – including live streaming and video on demand, serving customers such as Universal Music, Alcon Novartis, Dell, and Kohl’s. He was part of the data science team at BlackLocus (acquired by The Home Depot), which builds products and competitive intelligence tools to drive retail decisions. Ramey began his career as a Research Associate at Pacific Northwest National Laboratory where he pioneered new methods for applying machine learning and multivariate statistical analysis to genomic and proteomic data.
Ramey is an avid reader, a diehard soccer fan, and enthusiastic about weight lifting and nutrition. When Ramey is not hard at work, he loves the outdoors, whitewater rafting, and hiking in the mountains. He is a founder of the popular Austin Deep Learning meetup.
Ramey earned a master’s degree and Ph.D. in statistics and a bachelor’s degree in mathematics from Baylor University.
Director of Customer Success
John McDermott leads Novi’s customer success program. He brings an extensive background in enterprise software project management and implementation to his role, where he is responsible for onboarding new clients, implementing and configuring Novi’s cloud-based well planning software.
Prior to Novi, John was a Senior Manager of Professional Services at Dematic, a leading provider of supply chain automation technology and software. While at Dematic, he led the company’s professional services organization – a team of project managers and department managers – responsible for oversight, delivery, and budgeting of software implementation projects generating more than $30MM in annual revenue.
John held multiple management positions at Reddwerks, a leading provider of warehouse execution software prior to its acquisition by Dematic, including Director of Project Management & Delivery, Senior Software Project Manager, and Hardware Product Manager.
Our Culture and Values
Novi’s success is powered by our core set of values and workplace culture. Be a part of our success story!
Solving the complexities of oil & gas well planning requires a multidisciplinary approach that integrates the knowledge and best practices of data science and oil & gas subject matter domains. That’s why our team is built on the experiences of petroleum engineers, geologists, geophysicists, and computer scientists.
At Novi, we understand the importance of keeping employees challenged through meaningful work, while ensuring the autonomy to manage personal work/life balance. We foster an environment of mutual respect and encourage open and clear channels of communication across all levels.
Work That Matters
From product development and R&D to sales and customer success, our employees are always executing on a clear vision and delivering meaningful work to revolutionize oil & gas well planning in one of the most important industry’s in the world.
We continuously strive to solve the unique challenges of oil & gas capital allocation while keeping pace with the ever-changing needs of well planning. That’s why Novi never stops innovating and continuously improving our technology.