// startup autopsy
Wellogix
The oil and gas SaaS that went to war with SAP and BP — and paid the price
founder chaosSlow Death
Years-long decline before final shutdown · Fatal mistake: Pursued costly trade secret litigation against SAP and BP instead of focusing resources on product growth and customer acquisition.
Key Events Timeline
FOUNDING
Wellogix founded to build procurement SaaS for oil and gas service operations.
PRODUCT LAUNCH
Launched complex service procurement platform, gaining traction with major oil and gas operators.
FUNDING
Raised $8M to scale enterprise sales and expand the platform's capabilities.
REGULATORY ACTION
Filed trade secret lawsuit against SAP and BP, alleging misappropriation of its procurement technology.
SHUTDOWN
Wellogix shut down after litigation costs depleted remaining capital and new funding proved impossible to secure.