Seequent

What Seequent does

Seequent, legally styled "Seequent, The Bentley Subsurface Company," is a Christchurch, New Zealand-based developer of visual data science software for subsurface industries, operating as a wholly-owned subsidiary of Bentley Systems (NASDAQ: BSY) since 2021. The company sells an integrated software platform spanning 3D geological modelling (Leapfrog Geo, Works, Energy, Edge), geotechnical analysis (PLAXIS, GeoStudio, OpenGround), geophysical processing (Oasis montaj, Aarhus GeoSoftware), and cloud-based data integration (Seequent Evo, BlockSync, Driver), serving mining, civil engineering, energy, and environmental consultancies globally. Underlying the product suite are proprietary implicit modelling algorithms that automatically generate 3D geological surfaces from drillhole data, domain-specific finite element code for soil and rock mechanics, and geophysical inversion engines, with machine learning layered into specific workflows such as intelligent core logging (Imago) and geothermal resource mapping.

The company monetizes primarily through annual subscription licensing of its enterprise software products, complemented by cloud platform subscriptions for Seequent Evo, free academic licensing for educational institutions, and professional services for enterprise deployment and training. Go-to-market is direct enterprise field sales, with Bentley Systems reporting a 94% direct sales motion across the combined organization. Seequent has executed five acquisitions between July 2021 and October 2023 (Aarhus GeoSoftware, Imago, Minalytix, AR2Tech, Flow State Solutions) to fill capability gaps in geophysics, cloud imaging, mining data management, geostatistics, and geothermal simulation. The platform is used by 9 of the 10 largest global mining companies, 10 of the 10 largest civil engineering design firms, 6 of the 10 largest energy companies, and 7 of the 10 largest environmental consultancies, making Seequent the de facto standard for enterprise subsurface modelling across its target verticals.

Name

Seequent

Legal name

Seequent, The Bentley Subsurface Company

Website

https://seequent.com

Company type

Private

Founded year

2003

Operating status

Operating

Headcount range

251–500 employees

Short description

Seequent develops integrated 3D geological modelling, geotechnical, and geophysical software for the global mining, civil engineering, energy, and environmental sectors, serving 9 of the 10 largest miners and 10 of the 10 largest civil engineering firms as a Bentley Systems subsidiary.

Ownership category

akta.pro rank

Product category

Geological Modelling Software

NAICS

Geophysical Surveying and Mapping Services (541360), Support Activities for Mining (2131), Support Activities for Oil and Gas Operations (213112)

SIC

Oil & Gas Field Exploration Services (1382)

akta.pro primary industry

Mineral Exploration & Geoscience Services (Geology, Geophysics, Geochemistry, Resource Modeling) (IMAKAKAA)

akta.pro secondary industries

Geotechnical & Subsurface Engineering Consulting (BPAHAIAB), Field Development Planning & Subsurface Reservoir Engineering (EUALAAAC), Seismic & Geoscience Services (Acquisition, Processing, Interpretation) (EUALABAK)

Keywords

• Geological modelling software
• Subsurface data management
• Geotechnical analysis software
• Geophysical data processing
• Mining exploration software

Headquarters

HQ city

Christchurch

HQ country

New Zealand

HQ region

Oceania

Offices6 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure

Revenue model

1. Software Licenses and Subscriptions: Annual subscription licensing model for software products including Leapfrog Geo/Works/Energy, Oasis montaj, GeoStudio, PLAXIS, and related modules. Perpetual license options may be available alongside subscription tiers.
2. Cloud Platform Services: Cloud-based services including Seequent Evo platform access, data management, and collaboration tools delivered as subscription-based cloud services.
3. Academic and Educational Licensing: Free academic licensing programs for educational institutions, including Visible Geology web application and full software licenses for teaching and research purposes.
4. Professional Services and Training: Training services, implementation support, and consulting services for enterprise deployments.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels6 records

Core offering

Seequent develops and sells subsurface and geoscience software for 3D geological modelling, geotechnical analysis, geophysical data processing, and resource estimation. The company serves mining, civil engineering, energy, and environmental customers through products such as Leapfrog (Geo, Energy, Works), Oasis montaj, PLAXIS, GeoStudio, OpenGround, Imago, MX Deposit, Volsung, and the Seequent Evo cloud data integration platform.

Product overview

Seequent offers a comprehensive platform-plus-modules architecture for subsurface analysis across mining, civil, environmental, and energy industries. The core portfolio centers on Leapfrog (Geo, Energy, Works) for 3D geological modelling, complemented by specialized solutions including Imago for cloud-based geological imagery, MX Deposit for mining data management, and Volsung for geothermal reservoir simulation. The geotechnical suite includes OpenGround for data management, PLAXIS for finite element analysis, and GeoStudio for stability and groundwater modeling. Geophysics capabilities are provided through Oasis montaj and Aarhus GeoSoftware products for EM and ERT/IP processing. Data management and collaboration are enabled through Seequent Evo platform, Seequent Central for model management, BlockSync for block model synchronization, and Driver for advanced analytics. The company operates as a subsidiary of Bentley Systems and has completed strategic acquisitions including Flow State Solutions (geothermal simulation), AR2Tech (geostatistics), Minalytix (MX Deposit), Imago Inc (geological imaging), and Aarhus GeoSoftware (geophysical software).

Differentiator

Problem solved

Functional benefit

Brands

• Leapfrog: 3D geological modelling software for mining, energy, and civil/environmental projects.
• Seequent Evo
• Oasis montaj
• OpenGround
• PLAXIS
• GeoStudio
• Imago
• MX Deposit
• Target
• Seequent Central
• BlockSync
• Driver
• Volsung
• Visible Geology
• Aarhus GeoSoftware (AGS)

Products and services

• Leapfrog Geo 3D geological modelling software for mining projects, enabling implicit modelling of geological structures, resource estimation, and exploration data visualization.
• Leapfrog Energy 3D geological modelling software for energy projects including geothermal, oil & gas, and CCUS applications, supporting subsurface mapping and reservoir characterization.
• Leapfrog Works 3D geological modelling software for civil and environmental projects, enabling subsurface visualization for infrastructure design, groundwater management, and environmental assessments.
• Target Early stage exploration solution providing drillhole visualization and analysis capabilities for mineral exploration workflows.
• Seequent Central Geological model management platform enabling centralized storage, versioning, and collaboration for 3D geological models across project teams.
• Imago Cloud-based geological imagery collection and management platform that enables intelligent core logging through machine learning-powered image analysis.
• MX Deposit Mining data management software for drillhole and sample data collection, management, and collaboration throughout the mining lifecycle.
• Volsung Geothermal reservoir simulation software for modeling and optimizing geothermal assets, supporting renewable energy projects and deep earth heat resource analysis.
• OpenGround Geotechnical data management solution for collecting, organizing, and sharing field and laboratory geotechnical data, including the OpenGround Labs capability for lab-field data integration.
• PLAXIS 2D 2D finite element analysis software for soil and rock, used in geotechnical analysis for deformation, stability, and groundwater flow modeling.
• PLAXIS 3D 3D finite element analysis software for soil and rock, providing comprehensive geotechnical modeling capabilities for complex subsurface engineering projects.
• GeoStudio 2D 2D geotechnical analysis software for stability analysis and groundwater flow modeling in soil and rock environments.
• GeoStudio 3D 3D geotechnical analysis software for complex stability and groundwater modeling scenarios in civil engineering projects.
• Oasis montaj Comprehensive geophysical modeling and analysis platform supporting various survey types including magnetic, gravity, radiometric, and electromagnetic data processing.
• AGS Workbench Complete electromagnetic (EM) and electrical resistivity tomography (ERT/IP) workflow solution for processing, inversion, and interpretation of geophysical data.
• Seequent Evo Cloud-based geoscience data integration platform that connects data, software, and compute capabilities in a single environment, enabling collaboration and data management across Seequent and third-party applications.
• OpenGround Labs Cloud-connected capability within OpenGround that enables seamless digital transfer of soil and rock sample data from field collection to laboratory testing and reporting.
• Leapfrog 2026.1 Major algorithmic release of the Leapfrog platform spanning Geo, Edge, Works, and Energy, introducing a redesigned stratigraphic surface algorithm and enhanced geostatistical workflows.

Quantifiable outcome

• 75% reduction in time required to update 3D geomechanical models
• +5 more outcomes

Named customers9 records

Segments4 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

AI capability4 records

Feature6 records

Partnerships

Eight partnerships are on record, tiered core, supporting and regional.

• Cascade InstitutecoreStrategic or Co-development Partner · 8 June 2026Collaboration to develop the Canadian Thermal Model, a national initiative to map Canada's deep geothermal resources using machine learning and geophysics software. The model will integrate geologic and geophysical datasets through InterPIGQN algorithms to address limited subsurface data coverage and provide foundation for investment, policy planning, and project development nationwide.
• Simon Fraser UniversitysupportingStrategic or Co-development Partner · 8 June 2026Research partner contributing to the Canadian Thermal Model development using Seequent's Oasis montaj software.
• 400C EnergysupportingStrategic or Co-development Partner · 8 June 2026Research partner contributing to the Canadian Thermal Model development for mapping Canada's deep geothermal resources.
• Geological Survey of Canada Pacific DivisionsupportingStrategic or Co-development Partner · 8 June 2026Research partner contributing geological expertise to the Canadian Thermal Model development.
• Orica Digital SolutionscoreTechnology or Integration · 1 March 2026Integration partnership between Orica's Axis Connect platform and Seequent's Leapfrog Geo for improved data transfer and collaboration between geologists and drillers. Live demonstration at PDAC 2026 convention. Partnership aims to improve drilling efficiency and reduce drilling costs—the largest expense category in mineral exploration.
• AGC Al Haytham Mining CompanyregionalStrategic or Co-development Partner · 13 January 2026Partnership aligned with Saudi Vision 2030 objectives for advancing minerals sector. Pre-event workshop hosted in partnership with AGC Al Haytham, followed by MOU signing. Seequent is strengthening regional presence through local partnerships, talent development, and knowledge-transfer initiatives.
• GeologicAIsupportingTechnology or Integration · 24 June 2025Both GeologicAI and Seequent are partners within the CDL Minerals stream focused on exploration, processing, and decarbonization. GeologicAI provides AI-powered geological data capture and mineral exploration solutions.
• International Geothermal AssociationcoreStrategic or Co-development Partner · 1 September 2024Global partnership to unlock geothermal energy's potential for a sustainable future. Seequent serves as a technology partner for the association's initiatives.

Scale indicators11 records

Recent moves6 records

Expansion highlights7 records

Market position

Competitive moat5 records

Key highlights7 records

Customer concentration

• Xx.com/Seequentglobal
• YouTubeyoutube.com/@Seequent
• Facebookfacebook.com/seequent.software
• LinkedInlinkedin.com/company/seequent

Revenue estimate

Valuation estimate

Number of profiles

Profiles20 records

Subsidiaries5 records

Funding overview

Funding rounds7 records

Investors3 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A8 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Seequent