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  • How to Make Your Copywriting Clickable? | Effective Tips and Strategies for Writing Clickable Copy

    In today’s fast-paced digital landscape, it’s more important than ever to make sure that your copywriting is clickable, as it can make or break the success of your online campaigns. With the rise of digital marketing, the stakes are higher than ever before. It’s essential to create copy that not only grabs the attention of your target audience but also compels them to click through to your website.

    According to recent statistics, the average click-through rate for email campaigns is just 2.6%, and the average conversion rate is only 2.35%. That means that out of 100 people who see your email, only 2 or 3 will actually click through to your website.

    With these numbers in mind, it’s clear that making your copy clickable is more important than ever before. In this article, we’ll explore some strategies and tips for creating copy that will drive more traffic to your website and ultimately boost your conversions.

    Ways to Make Your Copywriting Clickable

    What is Copywriting? | How Do You Get Into Copywriting?

    Ways to Make Your Copywriting Clickable

    Here are the most important strategies and tips you must keep in mind to make your copywriting more clickable:

    Clear and Compelling Call to Action

    A clear and compelling call to action (CTA) is essential for making your copywriting clickable. A CTA is a statement or button that encourages the reader to take a specific action, such as clicking through to your website or making a purchase. A strong CTA should be clear, direct, and easy to understand. It should also be prominently placed within the copy and stand out from the surrounding text.

    One way to make your CTA more compelling is to use action-oriented language. Words like “buy,” “Subscribe,” “register,” or “download” are more likely to encourage readers to take action than passive phrases like “learn more” or “find out more.” Additionally, using phrases like “limited time offer” or “exclusive access” can create a sense of urgency that will motivate readers to take action right away.

    An important aspect of making your CTA more clickable is to make it visually appealing. This can be achieved by using contrasting colors, bold text, or an eye-catching design that makes the CTA stand out from the rest of the copy. Using a CTA button rather than a text link can also increase the chances of readers clicking through, as buttons are more attention-grabbing.

    Use Personalized Format

    Personalization is a key factor in making copywriting clickable. When your copy is adapted to the specific needs and interests of your target audience, it is more likely to resonate with them and drive them to take action. Personalization can take many forms, such as using the recipient’s name in the subject line or body of the email or modifying the content to their specific pain points or interests.

    An effective way to personalize your copywriting is to segment your audience and create different versions of your copy for each segment. For example, if you’re selling a product or service that caters to different industries, you can create different versions of your copy that speak directly to the pain points and challenges of each industry. This approach can be especially effective for lead generation campaigns, as it allows you to create targeted content that will speak directly to the needs of your audience.

    Another way to personalize your copywriting is to use dynamic content, which is content that changes based on the recipient’s behavior or other data. For example, you can use dynamic content to show different offers or call-to-action buttons depending on whether the recipient has opened your email before or not. This type of personalization can increase the chances of the recipient taking action. It shows that you understand their behavior and are offering them something relevant to them.

    Use Powerful and Attention-Grabbing Words

    Powerful and attention-grabbing words help to capture the reader’s attention and spark their interest in your product or service. Some examples of attention-grabbing words include, Free, Exclusive, Limited, Guaranteed, Discover, Now, New, Revolutionary, Proven, and Results.

    These words are known to create a sense of urgency and exclusivity, which can motivate readers to take action. For example, using the word “guaranteed” in your copy can give readers the assurance they need to take the next step and click through to your website. Similarly, using words like “discover” or “new” can make your product or service sound exciting and innovative, which can also help to drive clicks.

    In addition to powerful and attention-grabbing words, it’s also important to use them strategically. This means using them at the beginning of your headline or in the opening sentence to grab the reader’s attention right away. It’s also important to use them in a way that’s relevant to your product or service and that aligns with your overall marketing message.


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    Identify Your Target Audience

    Identifying your target audience is an important step in creating copy that is both compelling and clickable. When you understand who your target audience is, you can adjust your message to their specific needs, wants, and pain points. This makes it more likely that they will engage with your content and ultimately click through to your website.

    For example, if your target audience is busy working professionals, you may want to focus on highlighting the time-saving benefits of your product or service. On the other hand, if your target audience is young parents, you may want to focus on the safety and convenience features of your product. By tailoring your message to your target audience, you increase the chances that they will find your copy relevant and valuable.

    Identifying your target audience makes your copywriting clickable by using language and tone that resonate with them. For instance, if your target audience is young and trendy, you may want to use a more casual and conversational tone in your copy. On the other hand, if your target audience is more formal, you may want to use a more professional and formal tone. By using language and tone that appeal to your target audience, you increase the chances that they will engage with your content.

    Use FOMO

    FOMO is a powerful psychological concept that can be leveraged in copywriting to make it more clickable. Essentially, FOMO hits into the human desire to not miss out on something that could be valuable or beneficial. By creating a sense of urgency and exclusivity in your copy, you can motivate readers to take action and click through to your website.

    Here are a few ways you can use FOMO to make your copywriting more clickable:

    Social Proof: Use testimonials, case studies, or social media posts to show that others are taking advantage of your offer. This can create a sense of FOMO as readers see others benefitting from your product or service and want to join in.

    Limited-time offers: By highlighting that an offer is only available for a limited time, you create a sense of urgency that makes readers want to act fast. This can be used for sales, discounts, or even free trials.

    Scarcity: Creating scarcity by highlighting the limited availability of a product or service can also create FOMO. This can be done by highlighting that there are only a few spots left or that the product is running low on stock.

    Exclusive Access: Offer exclusive access to content, promotions, or discounts to those who click through to your website. This can make readers feel like they’re part of an exclusive club and encourage them to take action.

    Note: FOMO is not always a good approach as it might stress out people and make them feel bad if they can’t get access to the offer or product, thus it’s important to use it in the right measure and context.

    Global Social Media Advertising Clickthrough Rate From 3rd Quarter 2021 to 3rd Quarter 2022
    Global Social Media Advertising Clickthrough Rate From 3rd Quarter 2021 to 3rd Quarter 2022

    Write Less Say More

    The most effective way to make your copywriting clickable is by writing less and saying more. This technique is all about being concise and getting to the point quickly, without wasting the reader’s time.

    When you write less and say more, you are able to capture the reader’s attention and deliver your message in a clear and concise manner. This is especially important in today’s digital landscape, where attention spans are shorter than ever before. By writing less, you are able to convey your message in a way that is easy to understand and easy to act on.


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    Use Appealing Visuals

    Using appealing visuals is a powerful way to make your copywriting clickable. Visuals can grab attention and convey information quickly, making them an essential component of any marketing strategy. Research shows that visuals are processed 60,000 times faster than text, and they can increase the likelihood of engagement by 80%. This means that adding visuals to your copy can significantly increase the chances of someone clicking through to your website.

    The most effective way to use visuals in copywriting is to use images that are relevant to the message you are trying to convey. For example, if you’re promoting a new product, including a photo of the product will help to grab the attention of your target audience. Similarly, using infographics, charts, and diagrams can help to break down complex information into more manageable chunks. This makes it more likely that people will engage with your content.

    Visuals like using a countdown timer on a landing page can create a sense of urgency that will encourage people to take action quickly. Similarly, using a limited-time offer or a “limited stock” message can create a sense of scarcity that will prompt people to act now rather than later.

    Highlight the Benefits

    Highlighting the benefits of your product or service is a key strategy for making your copywriting clickable. When potential customers read your copy, they want to know what’s in it for them. They want to know how your product or service will solve their problems or improve their lives. By highlighting the benefits of your offering, you can grab their attention and motivate them to take action.

    Instead of simply listing the features of your product, focus on how those features will help the customer achieve their goals. For example, instead of saying “Our product has a long battery life,” say “Our product will keep you connected all day, so you can stay productive no matter where you are.” This type of language creates a sense of urgency and makes the customer feel like they need your product to achieve their goals.

    You can also use social proof. This means including customer testimonials, case studies, and statistics that demonstrate how your product or service has helped others. This type of evidence can be powerful in convincing potential customers that your product or service is worth their time and money.

    It’s important to remember that benefits are not just about the product or service itself but also about the customer’s experience. Highlighting the convenience, ease of use, or customer service that customers will receive can be just as important as highlighting the benefits of the product or service itself.

    Conclusion

    Making copywriting clickable is essential for any digital marketing strategy. With the rise of digital marketing and the ever-increasing competition, it’s more important than ever to create a copy that not only grabs the attention of your target audience but also compels them to take action. Consider the above-mentioned tips and make your copy clickable.

    FAQs

    What is the average click-through rate for email campaigns?

    The average click-through rate for email campaigns is 2.6%.

    What is FOMO in copywriting?

    FOMO is a powerful psychological concept that can be leveraged in copywriting to make it more clickable. It hits into the human desire to not miss out on something that could be valuable or beneficial. This can motivate readers to take action and click through to your website.

    How can I make my copy clickable?

    You can make your copy clickable by identifying your target audience, using a clear and compelling CTA, a personalized format, powerful and attention-grabbing words, FOMO, appealing visuals, and highlighting the benefits of your products or services.

  • 0x: Decentralized Trading for the Crypto Economy

    Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved by 0x.

    Traditionally, the financial system was governed by the country’s government as it used to determine the citizen’s economic freedom level. However, blockchain technology now presents an opportunity to create a decentralized global financial system free from the control of a single central body. It allows tokenizing of different forms of value, including fiat currencies, real estate, stocks, cryptocurrencies, debt instruments, and more.

    Moreover, the blockchain market size in 2021 was valued at $3,757.49 million and is predicted to reach $190,682 million, which means its growing at CAGR of 54.7% during 2023-2030.

    0x is an essential contribution to the tokenized world that has enabled parties to execute and settle token trades freely without any counterparty risks. Read further to uncover more insights about 0x company.

    0x – Company Highlights

    Company Name 0x
    Headquarters San Francisco, California, United States
    Primary Industry Financial Software/ Blockchain
    Founders Will Warren, Amir Bandeali
    Founded In 2016
    Website 0x.org

    0x – About
    0x – Founders and Team
    0x – Startup Story
    0x – Mission and Vision
    0x – Trading Model
    0x – Products
    0x – Funding
    0x – Partners
    0x – Growth
    0x – Competitors
    0x – Future

    0x – About

    Based in San Francisco, 0x is a privately-held architect of web3 exchange infrastructure. It was founded in 2016 and is an open-source, decentralized exchange infrastructure for the emerging crypto economy. The company enables users to exchange tokenized assets of hundreds of billions of dollars across multiple blockchains.

    0x powers multiple NFT projects, including Coinbase NFT, Trader, Gamestop NFT, Genie, and Proof of Beauty. Moreover, it is currently supporting 8 chains- Ethereum, BNB Chain, Celo, Polygon, Fantom, Avalanche, Arbitrum, and Optimism.

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    0x – Founders and Team

    0x was founded by Will Warren and Amir Bandeali.

    Will Warren, Amir Bandeali - Founders, 0x
    Will Warren, Amir Bandeali – Founders, 0x

    Will Warren

    CEO of 0x, Will Warren has earned a degree in Mechanical engineering from UC San Diego. He worked in multiple research roles and was appointed as Technical Advisor for Basic Attention Token (BAT) before launching his own company. He has achieved a lot at a young age and won the Consensus 2017 Proof-of-Work Pitch Competition.

    Amir Bandeali

    Co-founder of 0x, Amir Bandeali has graduated from the University of Illinois with a degree in Finance. He held the role of the trading specialist at Chopper trading and DRW before becoming the CTO of 0x.

    Since the launch of the company, the number of employees has increased to 119. Currently, the 0x’s board comprises four members and the team is composed of 32 core members, including engineers, designers, and researchers.

    0x – Startup Story

    Will Warren and Amir Bandeali shared a belief that all forms of value would be tokenized in coming years and thus, with this belief in mind, they came up with the 0x project in 2016. The main idea behind it was to allow developers and businesses to develop new markets for their tokens on major blockchains- Ethereum and Avalanche.

    The startup was successfully launched in August 2017 by conducting an ICO that raised $24 million by selling half of the total supply (500M) of its ZRX token in 24 hours.

    The multi-millionaire company also operates the decentralized exchange (DEX) aggregator Matcha- a platform that aids traders in optimizing costs by discovering the best prices across multiple platforms. Moreover, in April, it collaborated with Coinbase- the largest cryptocurrency exchange in the US.

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    0x – Mission and Vision

    0x envision a world where all forms of value will be tokenized across public blockchains. Combined with a set of open financial primitives, the company is striving to build a transparent and efficient global financial system. Moreover, its mission statement states, “Build a tokenized world where all value can flow freely.” It truly believes that public blockchains can potentially act as a powerful equalizing force to the world.

    0x – Trading Model

    Based on smart contracts, 0x’s protocol enables the peer-to-peer trading of crypto tokens built on public blockchains. Crypto tokens can include fungible tokens (standard crypto tokens), non-fungible tokens (NFTs), and bundles with different types of assets. Makers and takers are two sides of the 0x ecosystem.

    A maker places an order stating what he wants and what he can trade. Each order is shared with counterparties and 0x finds out the order price for the taker. The order is accepted by the taker. In last, the company verifies whether conditions are met and exchange the maker’s and taker’s assets.

    What is 0x (ZRX)?

    0x – Products

    Its exchange architecture comprises orders that are executed on-chain through standardized smart contracts. Projects that use 0x are Paradex, Radar Relay, Ethfinex, and others.

    0x Instant, 0x Launch Kit, 0x Mesh, 0x API, and AssetSwapper are the products used by consumers to conduct transactions like purchasing tokens or generating revenue for their businesses.

    0x – Funding

    Since it has the potential to grow in the future, 49 investors have invested their stakes in the company. Some of its investors are Alex Felix, Applied Crypto ventures, Fabric Ventures, ZMT Capital, Digital Strategies, and Coinbase Ventures.

    The total funding amount that 0x has raised over 9 funding rounds is $109 million. The latest funding round was held in April 2022 – 0x Series B Round in which it raised $70 million with the participation of around 14 investors.

    Date Round Number of Investors Money Raised Lead Investor
    April 26, 2022 Series B 14 $70 million Greylock
    February 5, 2021 Series A 7 $15 million Pantera Capital
    October 19, 2020 Secondary Market
    October 1, 2020 Venture Round 2
    October 1, 2017 Venture Round 1
    July 28, 2017 Seed Round 5
    July 1, 2017 Seed Round 2
    June 29, 2017 Initial Coin Offering 11 $24 million
    January 1, 2017 Venture Round 1

    0x – Partners

    Over the years, 0x has partnered with ZetaChain, Zapper, MetaMask, CoinMarketCap, BlueBit Finance, Prysm, and Rari Capital.

    0x – Growth

    The estimated annual revenue of 0x in 2022 is $15.5 million per year ($130,000 per employee). The current valuation of this multi-millionaire company is $1.1 billion (April 2022). In addition, it has enabled the flow of over $182 billion in tokenized value across 53M+ trades, with over 5.6M+ users.

    0x – Competitors

    Some competitors of 0x are Hippo labs, OpenSea, MojitoSwap, Matcha, Uniswap, and ZKSpace.

    0x – Future

    Ox is planning to integrate new chains (including non-EVM chains), invest in cross-chain functionality, expand its support for NFT swaps, and provide more support to integrators.

    FAQs

    How does 0x support the growing crypto economy?

    0x supports the growing crypto economy by providing a decentralized exchange infrastructure that enables peer-to-peer trading of tokens on the Ethereum blockchain without the need for a centralized intermediary.

    What role do 0x tokens (ZRX) play in the ecosystem?

    The 0x token (ZRX) is used for decentralized governance, protocol fees, and liquidity rewards on the 0x network. ZRX can also be used to pay transaction fees, as collateral for decentralized loans and margin trading, and to align stakeholder interests in the ecosystem.

  • ABL Space Systems: A Cost-Effective Way to Access Space

    Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved by ABL Space Systems.

    Aerospace, a term used for collectively referring to the atmosphere and outer space, comprises a multitude of commercial, military, and industrial applications.

    The aerospace industry is one of the largest and most powerful industries, especially in the United States while supplying five markets- missiles, military aircraft, general aviation, space, and commercial airliners. Since, the US aerospace sector is considered the largest across the world, more and more companies are establishing their business to leverage growth opportunities in the US aerospace market.

    ABL Space Systems is one such company that specializes in building rockets and launching satellites. Read further to know more about the company- its startup story, patents, funding, competitors, and other important details.

    ABL Space Systems – Company Highlights

    Company Name ABL Space Systems
    Headquarters El Segundo, California, United States
    Primary Industry Aerospace
    Founders Harry O’Hanley, Dan Piement
    Founded In 2017
    Website Ablspacesystems.com

    ABL Space Systems – About
    ABL Space Systems – Industry
    ABL Space Systems – Founders and Team
    ABL Space Systems – Startup Story
    ABL Space Systems – Mission and Vision
    ABL Space Systems – Name, Tagline, and Logo
    ABL Space Systems – Products and Services
    ABL Space Systems – Challenges Faced
    ABL Space Systems – Funding and Investors
    ABL Space Systems – Subsidiaries
    ABL Space Systems – Patents
    ABL Space Systems – Growth
    ABL Space Systems – Competitors

    ABL Space Systems – About

    ABL Space Systems is an American, privately-held company that specializes in launch vehicle and launch systems technology development with the help of CNC and 3D printing and minimized launch operations. The company manufactures the components in the division located in the United States.

    The vehicle and launch systems provided by it are innovative and enable space resiliency. Whether it’s for natural resource management, exploring the solar system, or global communications, the company’s affordable and reliable launch systems can be activated anywhere in the world.

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    ABL Space Systems – Industry

    The aerospace industry consists of companies either involved in designing and developing prototypes, manufacturing or assembling complete aircraft or rockets and their parts, and launching them into space.

    The global aerospace market was estimated at $261.12 billion in 2022 and grew to $278.43 billion in 2023. This implies that the industry grew at a CAGR of 6.5% during this period. However, the aerospace industry was impacted by the COVID-19 pandemic. Moreover, the chance of global economic recovery is further disrupted by the Russia-Ukraine war, at least in the short term.

    Major companies operating in this industry are Lockheed Martin Corporation, Raytheon Technologies Corporation, Rostec State Corporation, and Airbus.

    ABL Space Systems – Founders and Team

    Harry O’Hanley and Dan Piemont are the founders of the company.

    Harry O'Hanley, Dan Piemont - Founders, ABL Space Systems
    Harry O’Hanley, Dan Piemont – Founders, ABL Space Systems

    Harry O’Hanley

    Working as a Founder and CEO of ABL Space Systems, Harry O’Hanley graduated from Massachusetts Institute of Technology (MIT) as a Research Assistant. He formerly worked at SpaceX.

    Dan Piemont

    Dan Piemont graduated from the Massachusetts Institute of Technology (MIT) with a degree in Bachelor of Science (B.S.), in Physics. He worked in the Product + BD Department before holding the role of Founder, President, and CFO at ABL Space Systems.

    Presently, the company is employed with nearly 280 employees.

    ABL Space Systems – Startup Story

    Harry O’Hanley and Dan Piemont founded ABL Space Systems in 2017. They developed two-staged RS1 for the high-cadence, no-fuss future of orbital launches. This rocket offers a maximum capacity of 2,980 lb to low earth Orbit (LEO).

    The company signed a lease with Camden Country, Georgia in 2018 for future operations in Spaceport Camden. It is in 2019 that it leased a facility at Port of Long Beach for building a spacecraft processing division.

    Furthermore, it also secured a contract with Spaceport America for locating some ABL testing operations and facilities in New Mexico. However, as of October 2022, no mention of this location s made by ABL Space Systems in their facility list.

    Moreover, the company developed a transportable launch system model that could send a rocket to space from any location and also it geared up for its first-ever liftoff in 2022.

    ABL Space Systems – Mission and Vision

    The company believes that accessing space need not be expensive, difficult, or complicated. Therefore, it focuses on building the systems, CONOPS, and organization to prove the same.

    The tagline of the company at present is – “A Better Way to Build.”

    ABL Space Systems -Tagline
    ABL Space Systems -Tagline
    ABL Space Systems - Logo
    ABL Space Systems – Logo

    The logo of ABL Space Systems consists only of simple geometric shapes and text.

    ABL Space Systems – Products and Services

    ABL Space Systems provides the services required for building rockets and launching satellites. Moreover, the company offers two products- RS1 and GSO – as smooth launch systems.

    ABL RS1 Path to Flight

    ABL Space Systems – Challenges Faced

    The company made headlines with its first orbital launch on 10 January 2023; however, it failed soon after the launch. The RS1 rocket’s first stage shut down simultaneously due to power loss and thus, it hit the launch pad and was destroyed.

    ABL Space Systems – Funding and Investors

    ABL Space Systems has undertaken 4 funding rounds in which it raised a total of $419 million. It raised $200 million in the latest funding round – Series B Round which was held on 25 October 2021. The company is funded by 7 investors and Fidelity Management and Research Company and T. Rowe Price are the recent ones.

    Date Round Number of Investors Money Raised Lead Investor
    October 25, 2021 Series B $200 million
    March 25, 2021 Series B 2 $170 million T. Rowe Price
    March 31, 2020 Series A 5 $49 million Venrock
    July 22, 2019 Corporate Round 1 Lockheed Martin Ventures

    ABL Space Systems – Subsidiaries

    Headquartered in El Segundo, ABL Space Systems has four more divisions. The largest facility is located at the Port of Long Beach, California which conducts vehicle processing, payload integration, and maritime operation.

    Two facilities in Mojave, California are focused on R&D and running test operations on E2 engines, launch equipment, and integrated stages. The premises in Seattle, Washington used to be responsive to customer needs across geographies.

    ABL Space Systems – Patents

    The intellectual property of the company includes a total of 9 patents worldwide and these belong to 3 unique patent families – Aircraft, Aviation, and Cosmonautics. Out of 9 patents, ABL Space Systems has 7 active patents which are filed in the US, Europe, Australia, and Canada.

    ABL Space Systems – Growth

    The annual revenue of ABL Space Systems in 2021 is estimated to be $75.6 million per year ($264,450 per employee) with its current valuation standing at $2.4 billion (2021). In addition, its employee count increased by 79% last year.

    ABL Space Systems – Competitors

    The company is ranked 1st among its 4 active competitors. Some of its main competitors are:

    • iRocket
    • Simera Sense
    • Beyond Earth
    • Hermes Aviation
    • Aeros
    • Tyvak Nano-Satellite Systems
    • Systems Technology
    • Innoflight
    • Zee Aero

    FAQs

    What does ABL Space Systems specialize in?

    ABL Space Systems specializes in the development of launch vehicles and launch systems technology.

    How does ABL Space Systems’ technology contribute to space resiliency?

    ABL Space Systems’ technology contributes to space resiliency by providing reliable and innovative launch systems, which enable the deployment of space assets, enhance mission assurance, and reduce launch costs.

    Has ABL launched a rocket?

    ABL Space Systems (ABL) launched the debut flight of the RS1 launch vehicle on Jan. 10, 2023.

  • Workato Success Story – Leading the Way in Automation

    An incredible wave of innovation, ubiquitous networking, the ability to use big data, the strength of advanced analytics, and the future potential of portable technology are all having a significant impact on every business environment. We are talking about enterprise automation, which is making a massive breakthrough in many organizations. The number of companies depending on automation speaks about the technology itself.

    For business owners, complex data and other unsystematic information are of no help. That’s where enterprise automation comes into the picture. Thanks to this ingenious technology, companies can function systematically and analyze operational strategies to guarantee peak performance while searching for manual procedures that can be replaced with digital substitutes.

    One such company that is regarded as one of the leading enterprise automation platforms is Workato. The firm was founded in 2013 and has its head office in Mountain View, California. In 2023, Workato has been recognized as a Leader in the Gartner Magic Quadrant for Integration Platform as a Service for five consecutive years. The company also received 4.9 ratings out of 5 on Gartner Peer Insights for its customer experience, with 450 releases delivered in the past 12 months.

    Let’s check out Workato’s business and revenue model, its funding and investors, and its overall journey in this article.

    Workato – Company Highlights

    Company Name Workato
    Headquarters Mountain View, California
    Industry Software Development
    Founders Vijay Tella, Gautham Viswanathan, Harish Shetty
    Founded 2013
    Website workato.com

    Workato – About
    Workato – Industry
    Workato – Founders and Team
    Workato – Startup Story
    Workato – Mission and Vision
    Workato – Name, Tagline, and Logo
    Workato – Business Model
    Workato – Revenue Model
    Workato – Funding and Investors
    Workato – Mergers and Acquisitions
    Workato – Growth
    Workato – Advertisements
    Workato – Awards and Achievement
    Workato – Competitors
    Workato – Future Plans

    Workato – About

    Without sacrificing security and governance, Workato enables IT and business teams to integrate their apps and automate business workflows. It enables businesses to generate results from business events in real time. More than 11,000 of the biggest brands in the world, including Broadcom, Intuit, Box, Autodesk, and HubSpot, trust Workato because it was designed for business and IT users.

    Workato enables both business and IT users to create workflow automation quickly by fusing an enterprise-grade workflow automation platform with the user-friendliness anticipated from consumer apps.

    Workato – Industry

    Workato belongs to the software development industry. This industry has emerged as a boon for many countries, such as India, the USA, etc. Recent research shows that the global software development market underwent significant expansion, with its value rising from $260.79 billion in 2022 to $334.86 billion in 2023, with a compound annual growth rate of 28.4%.

    As new trends keep coming in this particular industry, it is only going to grow. Furthermore, it is expected that the global software development industry is going to reach $1159.2 billion by 2031.

    Workato – Founders and Team

    Workato was founded by three friends, Vijay Tella, Gautham Viswanathan, and Harish Shetty in 2013.

    Vijay Tella

    Vijay Tella - CEO and Co-founder, Workato
    Vijay Tella – CEO and Co-founder, Workato

    Vijay Tella obtained his bachelor’s degree in engineering from the Indian Institute of Technology, Madras. After completing his graduation, he got his Master’s degree in Computer Science from the University of California, Los Angeles. For more than 25 years, he has overseen the development of market-leading integration technologies.

    Vijay Tella’s career started at Teknekron Software Systems (now acquired by Reuters), where he was employed for nine years. He served as the CEO of Qik, a consumer video communications company that was acquired by Skype, before joining Workato. Besides this, he helped create two multibillion-dollar integration products before Qik.

    Vijay was also a member of the founding team and served as SVP, of Engineering until TIBCO went public. He then participated in the 2005 launch of Oracle’s Fusion Middleware platform as its Chief Strategy Officer.

    Harish Shetty

    Harish Shetty - SVP Engineering and Co-founder, Workato
    Harish Shetty – SVP Engineering and Co-founder, Workato

    Harish Shetty is the co-founder and also serves as the SVP of Engineering at Workato. Prior to co-founding Workato, he served as the engineering director for two SaaS businesses. Earlier, he served as the lead architect and director of engineering for TIBCO’s BusinessWorks, ActiveMatrix, and Tibbr products. Harish has a degree in Engineering, Electronics, and Communications from the University of Mysore.

    Gautham Viswanathan

    Gautham Viswanathan - Chief Product Officer and Co-founder, Workato
    Gautham Viswanathan – Chief Product Officer and Co-founder, Workato

    Besides co-founding Workato, Gautham also serves as the Chief Product Officer at Workato. As a founding member of the TIBCO team, Gautham held several leadership positions in the company’s engineering, product marketing and management, and corporate development departments for more than 12 years. Following TIBCO, Gautham co-founded Blink Interactive and served as the CEO of iProfile.

    Workato – Startup Story

    The three co-founders of Workato founded the company intending to bring automation to business workflows. The idea came to Vijay Tella as an early employee of Teknekron, where he contributed to the development of the first software-based integration middleware called The Information Bus (TIB). He first met Gautham at TIBCO, where he developed the industry-standard enterprise integration software BusinessWorks, which continues to serve as a template for the majority of the current iPaaS platforms.

    After dealing with their personal career experiences, Vijay and Gautham reconnected. Co-founder, Gautham emphasized that when it came to today’s apps and cloud-based services, the integration problem that they had thought it had expertly solved at TIBCO was not really addressed.

    After a deep understanding of integration problems, the founders assembled an integration dream team by 2012 that was guided by two main tenets: first, business users leading digital transformation initiatives shouldn’t have to sacrifice the quality, features, and power of the platform they select; and second, big businesses, even Fortune 500 companies, shouldn’t be forced to deal with complicated, time-consuming, and expensive software.

    Workato – Mission and Vision

    The mission of Workato is to assist businesses in integrating and automating at least 10X faster than with conventional tools and at a tenth of the cost.

    Workato Logo
    Workato Logo

    Workato goes by the motto, “automate the work out of everything”

    Their tagline speaks about their main object, which is what they do and who they are. To be precise, their tagline states what they offer and about their services.

    The logo of the company is designed by one of their team’s UX designers, Xiuying Zhang. The logo of Workato stands out as a fresh, contemporary interpretation of the W, showing flow through the large, angular curves and the endpoints through the ball at the very end.

    Workato – Business Model

    Workato is a B2B SaaS-based company. The business model of Workato is about creating powerful automation and workflows.

    The most important aspect of Workato is Workato Recipes, which is a powerful yet simple approach that helps to automate complex data. A recipe is a set of instructions that a user develops to finish work between two or more apps. These building blocks can work with multiple apps and app instances, detect and remove duplicate records, detect errors automatically, roll back transactions, and ensure that every event is delivered, no matter what. In essence, a Workato recipe can be as simple or as complex as customers would like it to be, with multiple steps, data manipulation, workflows, and business logic embedded, handling challenges associated with user input, and much more.

    The company has also borrowed a page from GitHub to provide a platform for their customers to easily share their problems. It is a robust community of users, partners, citizen developers, and integration experts who regularly share their recipes. Today, the company has over 100,000 public recipes and is also witnessing the theory come to life as the majority of their customers find recipes that satisfy their needs in the community, copy them, adapt them slightly to fit their preferences, and then share them with the rest of the community.

    Workato offers its services for the HR, Marketing, Sales, Finance, Support, IT, Product, and Revenue Operations sectors.

    Workato’s specialties include:

    • Integration
    • Workflow Automation
    • Automation
    • Intelligent Automation
    • Business Process Automation
    • App Integration
    • Cloud App Integration
    • Ground App Integration
    • Enterprise Integration
    • Citizen Development
    • No Code Integration
    • Enterprise Web
    • Information Technology
    • Artificial Intelligence

    Workato – Revenue Model

    Workato earns money through the different pricing mediums it sets for each business or IT company as per their requirements. As the industry leader in the automation platform, Workato’s total valuation stood at $5.7 billion in 2021.

    Workato – Funding and Investors

    Till now (March 2023), Workato has raised a total funding of $415 million. The details are given below:

    Date Funding Round Amount Raised Lead Investors
    Nov 10, 2021 Series E $200 million Battery Ventures
    Jan 12, 2021 Series D $110 million Altimeter Capital, Insight Partners
    Nov 7, 2019 Series C $70 million Redpoint
    Dec 5, 2018 Series B $25 million Battery Ventures
    Jul 17, 2017 Series A $10 million Storm Ventures

    Workato is also funded by two more investors: Tiger Global Management and Geodesic Capital.

    Workato – Mergers and Acquisitions

    Workato has acquired RailsData on November 10, 2021. RailsData is an India-based Ruby on rails and big data development company for an undisclosed amount.

    Workato – Growth

    Since its inception, Workato has emerged as the leading enterprise automation platform. In 2021, Workato revealed its ranking on the 27th annual Deloitte Technology Fast 500, a list of the 500 fastest-growing technology, media, telecommunications, life sciences, and energy tech companies in North America. The company was placed 153rd overall and 43rd in the Bay Area. Additionally, Workato grew 739% from 2018 to 2021.

    Workato – Advertisements

    In 2019, Workato posted an advertisement based on their automation services. The ad spoke about how their automation platform can help customers handle complicated and critical integrations through thousands of apps and address a complex workflow with ease while maintaining security and governance.

    Workato | The Platform for the New Era of Automation

    Workato – Awards and Achievement

    Workato has achieved the following awards and recognitions:

    • Workato was recognized as a Leader in the 2023 Gartner Magic Quadrant for Integration Platform as a Service
    • Workato was recognized as a CNBC Disruptor, launching the first Automate World Tour
    • Workato has been listed in Deloitte Technology Fast 500 rankings in 2021
    • Listed in the Forbes Cloud 100 rankings

    Workato – Competitors

    Some of the top competitors or alternatives of Workato are:

    • SAP
    • Zapier
    • Azure
    • Boomi
    • MuleSoft’s Anypoint Platform
    • Celigo
    • TIBCO Cloud Integration
    • SnapLogic Intelligent Integration Platform

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    Workato – Future Plans

    Workato has newly launched a renewed and improved version of its community platform. The new Systematic Community contains a fresh, vibrant look, updated programming, moderator responses to technical questions, a job board, a private vendor evaluation hub, and more. It also has a new user interface with leaderboards and badges. With this new launch, Workato aims to enhance mobility between the community, the Workato product itself, and its education platform, the Automation Institute under one roof.

    Workato – FAQs

    What does Workato do?

    Workato enables both business and IT users to create workflow automation quickly by fusing an enterprise-grade workflow automation platform with the user-friendliness anticipated from consumer apps.

    When was Workato founded?

    Workato, headquartered in Mountain View, California, was founded in 2013.

    Who founded Workato?

    Workato was founded by Vijay Tella, Gautham Viswanathan, and Harish Shetty.

    Who are Workato’s top competitors?

    Some of the top competitors of Workato include Zapier, SAP, Azure, Boomi, MuleSoft’s Anypoint Platform, Celigo, TIBCO Cloud Integration, and SnapLogic Intelligent Integration Platform.

  • Abnormal Security – A Platform to Secure the Cloud Email

    Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved by Abnormal Security.

    Compromised business email has become one of the top cybersecurity threats in this digital age. The battleground for cybersecurity has now shifted and is driven by cloud, remote work, and digital transformation. According to the FBI, companies have suffered an estimated loss of $43 billion worldwide since June 2016 due to email attacks.

    With such a huge figure of loss, enterprises are considering partnering with cybersecurity companies that can shield them from email attacks. Abnormal Security is one such email security company established to protect enterprises from targeted email attacks.

    Let’s uncover its journey so far including some important aspects like startup story, founders, funding, achievements, future plans, etc.

    Abnormal Security – Company Highlights

    Company Name Abnormal Security
    Headquarters San Francisco, California, United States
    Primary Industry Cybersecurity
    Founders Evan Reiser and Sanjay Jeyakumar
    Founded In 2018
    Website Abnormalsecurity.com

    Abnormal Security – About
    Abnormal Security – Founder and Team
    Abnormal Security – Startup Story
    Abnormal Security – Mission and Vision
    Abnormal Security – Business Model
    Abnormal Security – Products and Services
    Abnormal Security – Funding and Investors
    Abnormal Security – Subsidiaries
    Abnormal Security – Patents and Trademarks
    Abnormal Security – Partners
    Abnormal Security – Growth
    Abnormal Security – Awards and Achievements
    Abnormal Security – Competitors
    Abnormal Security – Future Plans

    Abnormal Security – About

    Set up in 2018, Abnormal Security uses an AI-based cloud-native email security platform that relies on behavioral data science to prevent socially engineered and other types of email attacks that can potentially evade secure email gateways of organizations. The identity of company employees and external senders is mirrored by Abnormal Behavior Technology (ABX).

    The company is backed by Greylock Partners, a Silicon Valley-based venture capital firm. It protects over 5% of the Fortune 1000, including Urban Outfitters, Royal Caribbean, Xerox, and Groupon.

    Abnormal Security – Founder and Team

    Evan Reiser and Sanjay Jeyakumar are the founders of the company.

    Evan Reiser

    CEO and co-founder of Abnormal Security, Evan Reiser graduated from Rensselaer Polytechnic Institute with a degree in BS, Computer Systems, and Computer Science. Recently, he led product and machine learning teams at Twitter after co-founding Bloomspot and AdStack.

    Sanjay Jeyakumar

    CTO, Head of R&D, and co-founder of Abnormal Security, Sanjay Jeyakumar, graduated from Stanford University with a degree in MS, Computer Science. He previously was a founding engineer at TellApart and lead engineer at Google.

    Evan Reiser, Sanjay Jeyakumar - Founders, Abnormal Security
    Evan Reiser, Sanjay Jeyakumar – Founders, Abnormal Security

    Abnormal Security – Startup Story

    Abnormal Security’s founders knew that addressing the cybersecurity threat landscape was never going to be easy. So, they undertook an unconventional approach to the traditional cybersecurity models and came up with Abnormal Security by using their experience in behavioral modeling from the AdTech industry. The main idea behind setting up Abnormal security was to transform the traditional security system. It reimagined how cloud email can be secured against sophisticated attacks.

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    Abnormal Security – Mission and Vision

    Abnormal Security’s mission is to protect customers from all types of email attacks. It’s working on helping it’s VARS sell and earn more on each scale, with the integration of premium quality and high-margin solutions with its services.

    Abnormal Security – Business Model

    The cloud-native architecture of Abnormal Security operates via one-click, API-based G Suite and Office 365 integration without disrupting the email flow of enterprises. The understanding of an enterprise is established by clearly analyzing its employees and supply chain.

    Abnormal Security - API-based G Suite and Office 365 integration
    Abnormal Security – API-based G Suite and Office 365 integration

    The platform employs a data science approach and behavioral AL to provide resources for detecting, protecting, and responding to emails. It consolidates data across multiple channels into one platform for in-depth analysis and provides multi-tenant and cross-platform protection.

    Moreover, Abnormal Security’s platform co-exists with existing cybersecurity tools without interference, allowing enterprises to leverage the available information through the search Microsoft APIs.

    Abnormal Security – Products and Services

    The company offers cloud email security through multiple products and these are Inbound Email Security, Email Account Takeover Protection, Abuse mailbox Automation, Email Productivity, and Security Posture Management.

    Furthermore, organizations can eliminate the broadest spectrum of threats via Abnormal Security’s services – Credential Phishing, Business Email Compromise, Invoice and Payment Fraud, Supply Chain Compromise, Malware and Ransomware, and Spam and Graymail, Cloud Account Takeover.

    8 Common Online Scams in 2022
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    4 solutions – SIEM, SOAR, ITSM, and IAM – are provided by the company to centralize security insights, automate processes, and orchestrate remediation workflows.

    Abnormal Security – Funding and Investors

    Over 3 funding rounds, Abnormal Security has been able to raise a total of $285 million. Moreover, the company’s latest funding round – Series C Round was undertaken on May 10, 2022, in which it raised a total of $210 million. Some of its main investors are Insight Venture Partners, Greylock, and Menlo Ventures.

    Date Round Number of Investors Money Raised Lead Investor
    May 10, 2022 Series C 3 $210 million Insight Venture Partners
    November 18, 2020 Series B 2 $50 million Menlo Ventures
    November 19, 2019 Series A 1 $24 million Greylock

    Abnormal Security – Subsidiaries

    Headquartered in San Francisco, Abnormal Security has regional offices located in the United Kingdom, Australia, Canada, New Zealand, and Singapore.

    Abnormal Security – Patents and Trademarks

    Talking about intellectual property, the company currently has 20 registered patents, primarily in the category of ‘Computing’ and ‘calculating.’ In addition to this, it has 9 registered trademarks categorized into the ‘Scientific and technological services’ class.

    Abnormal Security – Partners

    The company’s main partners are:

    Abnormal Security – Growth

    The subscription revenue growth in 2021 was reported to be 4x with a 98% customer retention rate. Since the company’s annual revenue is to be estimated at $127.5 million per year ($259,080 per employee) in 2022, Abnormal Security’s current valuation stands at $4 billion. Moreover, its employee count increased by 151% last year.

    Abnormal Security – Awards and Achievements

    Within almost 4 years of its inception, Abnormal Security has made a unique place in the cybersecurity industry by earning prestigious awards.

    • Top startups for the enterprise by CNBC 2022
    • Excellence Awards 2022 by search Microsoft Intelligent Security Association
    • Forbes 2022 America’s Best Startup EmployersEnterprise Tech 30
    • Best-of Email security by Expert Insights
    • Women to Watch (Nicole Jiang – Director of Product & Design) by Women in IT Security
    • Inc. Best Workplaces 2022
    • Recognized as one of the 100 Innovative Cybersecurity Companies by Expert Insights
    How Integrated Cloud Email Security (ICES) Works?

    Abnormal Security – Competitors

    With the company operating in a highly competitive industry, some of its competitors are:

    • Proofpoint
    • Mimecast
    • Avanan
    • Tessian

    Abnormal Security – Future Plans

    Abnormal Security plans to invest its funding to enhance its machine-learning artificial intelligence capabilities and target the market across the world for email security.

    Moreover, the company will invest in its AI-based automation capabilities, including Abuse Mailbox automation and personalized user experience. It plans to expand the company’s footprints into existing and new ones and also make it public in the coming years.

    FAQs

    When was Abnormal Security founded and by whom?

    Abnormal Security was founded in 2018 by Evan Reiser and Sanjay Jeyakumar.

    What is the mission of Abnormal Security?

    Abnormal Security’s mission is to protect customers from all types of email attacks.

    What funding has Abnormal Security received to date?

    Abnormal Security has been able to raise a total of $285 million. Some of its main investors are Insight Venture Partners, Greylock, and Menlo Ventures.

  • Dremio Success Story – Revolutionizing Data Analytics With Speed and Simplicity

    Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved by Dremio.

    Today, every organization seems to use data analytics and machine learning in its systems. The reason for this is quite simple: data analytics opens up the opportunity of delivering answers to challenging questions that are inaccessible using simpler analysis techniques. It is basically the process of collecting, analyzing, organizing, and extracting all the insights given in raw figures from a giant, complicated data system generated by businesses regularly.

    Data analytics technology is not only improving customer experiences but also increasing business efficiency and revenue management in every industry.

    Dremio is an easy and open-source data lakehouse that was started in 2015 with the aim of delivering data flexibility across all of your data. Recently, the company announced that it is now accessible as a part of AWS Marketplace Vendor Insights, a centralized web-based dashboard run by Amazon Web Services (AWS). By combining security and compliance data in a single dashboard, AWS Marketplace Vendor Insights streamlines risk assessments of third-party software.

    Read on to learn about Dremio, its startup story, founder, business and revenue model, and more.

    Dremio – Company Highlights

    Company Name Dremio
    Headquarters Santa Clara, California
    Industry Software Development
    Founder Tomer Shiran
    Founded 2015
    Website dremio.com

    Dremio – About
    Dremio – Industry
    Dremio – Founders and Team
    Dremio – Startup Story
    Dremio – Mission and Vision
    Dremio – Business and Revenue Model
    Dremio – Products
    Dremio – Growth
    Dremio – Funding and Investors
    Dremio – Challenges Faced
    Dremio – Awards and Achievements
    Dremio – Competitors
    Dremio – Future Plans

    Dremio – About

    Based in Santa Clara, California, Dremio is an easy and open-source data lakehouse that offers self-service analytics with data warehouse functionality and data lake flexibility for any organization’s data. The firm is also said to deliver mission-critical BI on the data lake for hundreds of organizations, including three of the Fortune 5.

    The company’s specialties involve data analytics, business analytics, big data, data science, data lake, SQL, NoSQL, BI, machine learning, Python, Java, pandas, R, Apache Arrow, MongoDB, Elasticsearch, S3, Jupyter, open source, and cloud.

    Dremio – Industry

    Dremio’s industry is the software development industry. In terms of the market, the software development industry is one of the fastest-growing industries in the world today.

    Many statistics reports show that growing at a CAGR of 27.5%, it is predicted that the market will increase from US$130.69 billion in 2021 to US$716.52 billion in 2028. There’s no denying that this particular industry is growing at an exponential rate.


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    Dremio – Founders and Team

    In 2015, Dremio was founded by Tomer Shiran, who is also the CPO. At present, Billy Bosworth is the CEO of Dremio.

    Tomer Shiran

    Tomer Shiran - Founder and CPO, Dremio
    Tomer Shiran – Founder and CPO, Dremio

    Tomer Shiran began his career as a Software Engineer at IBM Research. He is the creator of numerous U.S. patents and holds an MS in Computer Engineering from Carnegie Mellon University and a BS in Computer Science from Technion – Israel Institute of Technology. Previously, he worked at Microsoft. He also worked at MapR Technologies, where he served as VP of Product Management for almost six years. Before Dremio, Tomer co-founded ePassportPhoto.com, a passport photo service provider, which is now acquired.

    Billy Bosworth

    Billy Bosworth - CEO, Dremio
    Billy Bosworth – CEO, Dremio

    Billy Bosworth holds a BS in Information Science and Data Processing from the University of Louisville. In June 2019, he joined the Dremio board of directors. In February 2020, he was appointed CEO. Billy’s leadership qualities have helped shape Dremio’s growth by bringing its total market valuation to $1 billion for the first time. Before joining Dremio, Billy ran DataStax for more than eight years, growing its annual revenue from less than $1 million to over $130 million.

    Dremio – Startup Story

    Tomer wanted a straightforward precept that large corporations can resolve data analytics issues in a matter of minutes rather than weeks. That’s how he came up with the idea, Dremio.

    In the initial days, Tomer tried to understand customers’ challenges, and how they made their decisions, all of these gave him a deeper understanding of what the market actually needs. However, after a lot of hard work and leveraging multiple customer acquisition channels, he was able to find a few companies that supported his idea and agreed to use their product, Dremio.

    Tomer’s Dremio launched numerous open-source technologies, such as Apache Arrow and Apache Calcite, that further helped him connect with many other companies.

    With Dremio, Tomer aimed to give customers a self-service experience with regard to any data, regardless of size or timing. He knew this is a significant advancement because today’s data consumers must wait months for IT to produce the data they need to start finding the answers to their own questions.

    Dremio – Mission and Vision

    Dremio’s vision is to make corporate data as accessible and usable as personal data. The company’s goal is to offer a seamless, never-ending lakehouse experience to make accessing and analyzing corporate data easier than ever.

    Dremio – Business and Revenue Model

    Dremio is a B2B Software-as-a-Service (SaaS) Company that offers an open data lakehouse powered with self-service SQL analytics to make the work of data engineers and analytics effortless.

    The company works closely with top companies like Amazon, Abbott, Deloitte, GoPro, Airbus, Bentley, BlackRock, Bose, Decathlon, Carter’s, Bridgestone, Nokia, and many more. Dremio’s products are used by these companies

    Dremio’s vendor lock-in-free environment is provided by an open data lakehouse, which is built on community-driven standards like Apache Parquet, Apache Iceberg, and Apache Arrow.

    The pricing of Dremio products and services comes with nominal pricing that depends upon the customers as per their requirements. However, they offer two pricing methods: one is a Standard, which is free of cost and the other is an Enterprise plan, which depends upon the client’s requirement and their processing time on the Dremio platform.


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    Dremio – Products

    Dremio has two major products, these are:

    Dremio Sonar

    It is a SQL engine for open platforms that offers data lake performance and capabilities comparable to those of a data warehouse, as well as a self-service interface for collaborative and consumable data. Through Dremio Sonar, the data teams can easily analyze their data anywhere and provide them with end-to-end data security and centralized governance. Furthermore, Dremio Sonar’s SQL Runner, which is a top-tier IDE for analysts also offers auto-complete, multi-statement execution, and the ability to save and share SQL scripts can be used to search data engineer’s lakehouse data. One of the most fascinating features of Sonar is SQL Profiler and Data Map which helps users learn and improve query performance and how their datasets have evolved over time.

    Dremio Arctic

    This product by Dremio automates all the time-consuming tasks associated with data management for the lakehouse, such as compaction, repartitioning, and indexing, so that data teams are no longer concerned with the physical arrangement of data in files. Dremio Arctic basically brings consistency by using git-like branching to convert data across tables and schemas without affecting production workloads.

    Getting Started with Self-Service Data Analytics Using Dremio

    Dremio – Growth

    As per reports, Dremio generates approximately around $81.1 million annually. The overall valuation of the company was $2 billion in 2022.

    The company has also reported that since 2017, it has increased its annual recurring revenue by 10 times, and enterprise customer acquisition has increased by 500%. With the addition of engineering, support, and sales teams in Canada, India, and Austin, Dremio increased its global presence. The company also introduced a new Professional Services Group and an on-demand virtual education platform called Dremio University.

    This is what Tomer Shiran said, “Dremio experienced explosive growth across all business metrics in 2018. The adoption of Data-as-a-Service from the industry and customers played a significant role in our record growth in revenue and increased customer base. Our platform provides a fundamentally different approach that allows data to be managed in whichever persistence technology is most appropriate for a given use case while providing the functionality, performance, and security controls required for integrating with the traditional tools deployed on millions of desktops.”

    With the latest trends and market demands, Dremio is now expanding its services by teaming up with some of the best players in the market today. That being said, Dremio has made its services available as a part of AWS Marketplace Vendor Insights.

    Here’s what the Vice-president of business development at Dremio, Roger Frey says, “Dremio is excited to share our capabilities and credentials through AWS Marketplace Vendor Insights, where AWS Marketplace customers can accelerate the vendor selection process with a repository of responses to many of their questions. With AWS Marketplace Vendor Insights, customers have the knowledge they need to make technology decisions faster, and with more confidence”

    Dremio – Funding and Investors

    Dremio has raised a total funding amount of $410 million. The details of which are:

    Date Funding Round Amount Raised Lead Investors
    Jan 25, 2022 Series E $160 million Adams Street Partners
    Jan 6, 2021 Series D $135 million Sapphire Ventures
    Mar 26, 2020 Series C $70 million Insight Partners
    Jul 31, 2018 Series B $5 million Cisco Investments
    Jan 23, 2018 Series B $25 million Norwest Venture Partners
    Sep 25, 2015 Series A $15 million Lightspeed Venture Partners, Redpoint

    Some of the other investors of Dremio are Redpoint and DTCP.

    Dremio – Challenges Faced

    Five years ago, when the market was uncertain about the fact that data infrastructure was still evolving, Dremio had to go through numerous rounds of trials and errors to fix the problems of unsafe operations and endless scale challenges. As a result, they built Apache Iceberg.

    Even today, Dremio strives to work by keeping in mind the incoming challenges for the coming five years in the world of data analytics.

    Dremio – Awards and Achievements

    Below are the awards and achievements of Dremio:

    • Dremio was Named to The 10 Hottest Big Data Tools of 2022 by CRN
    • Recognized as the Best Big Data Analytics Solutions by the Tech Ascension Awards in 2022
    • Dremio was awarded as a Trend-Setting Products in Data and Information Managment for 2023 by DBTA
    • Dremio was listed in Deloitte 2022 Technology Fast 500 Winners
    • Winner of Best Places to Work in the Bay Area
    • Dremio is the winner of Protocol Power Index 2021 – Enterprise: Databases
    • Recognized in CRN Big Data 100 List 2021: The Coolest Emerging Big Data Companies

    Dremio – Competitors

    Some of the prominent competitors of Dremio are:

    Dremio – Future Plans

    Dremio is used by hundreds of global companies to offer self-service data analytics on the data lakehouse. The company continues to expand and collaborate to deliver uncomplicated data analytics solutions to drastically change the way data engineers work and strengthen their analytics journey.

    Dremio – FAQs

    What is Dremio?

    Based in Santa Clara, California, Dremio is an easy and open-source data lakehouse that offers self-service analytics with data warehouse functionality and data lake flexibility for any organization’s data.

    When was Dremio founded?

    Dremio was founded in 2015.

    Where are Dremio’s headquarters?

    Dremio’s headquarters are located in Santa Clara, California, USA.

    Who are the top competitors of Dremio?

    Some of the top competitors of Dremio are Snowflake, Databricks, MATLAB, search Microsoft SQL Server, IBM Db2, and Presto.

  • Addepar: Transforming Informed Investment Decisions

    Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved by Addepar.

    With the advancement of technology, several companies are delivering financial services by implementing APO, AI, data analytics, and blockchain. Moreover, in 2020, the global fintech technologies market size was estimated at $110.57 billion and is projected to reach $698.48 billion in 2030, with a CAGR of 20.3% from 2021 to 2030.

    Furthermore, Fintech has also made it possible for investors to make profitable investment decisions by providing access to important data. Several companies are striving to operate on this particular business model.

    Addepar is a globally recognized platform serving hundreds of companies and individual investors every day to meet the demands of the digital age, where efficiency, speed, and data security are key for making informed investment decisions.

    Let’s uncover important details about this company- how it started, its funding, investors, products and services, and growth.

    Addepar – Company Highlights

    Company Name Addepar
    Headquarters Mountain View, California, United States
    Primary Industry Financial Technology
    Founders Joe Lonsdale
    Founded In 2009
    Website Addepar.com

    Addepar – About
    Addepar – Founder and Team
    Addepar – Startup Story
    Addepar – Mission and Vision
    Addepar – Name, Logo, and Tagline
    Addepar – Business Model
    Addepar – Revenue Model
    Addepar – Challenges Faced
    Addepar – Funding and Investors
    Addepar – Mergers and Acquisitions
    Addepar – Patents and Trademarks
    Addepar – Partners
    Addepar – Growth
    Addepar – Awards and Achievements
    Addepar – Competitors

    Addepar – About

    Addepar is a software and data platform that is set up in 2019. Specializing in data aggregation, analytics, and portfolio reporting, the platform enables wealth and asset management for registered investment advisors.

    With client presence in over 30 countries, more than 800 leading firms trust Addepar for more informed and data-driven investing and advice. Its platform aggregates portfolio, client data, and market for more than $4 trillion of assets.

    Moreover, the company has 6 offices in Silicon Valley, Chicago, New York City, Salt Lake City, Edinburgh, and London.

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    Addepar – Founder and Team

    Joe Lonsdale, Founder - Addepar
    Joe Lonsdale, Founder – Addepar

    Joe Lonsdale graduated from Stanford University with a degree in BS, Computer Science. Before working as a Founder and Chairman at Addepar, he held the role of board member at Strive for College and Chairman of the Board at OneHope Wine. In addition, he founded Palantir Technologies and is also working as General Partner at 8VC.

    Presently, Eric Poirier is the CEO of the company and it employs more than 700 employees

    Addepar – Startup Story

    Joe Lonsdale was inspired to launch another venture in 2004 after founding a successful startup ‘Palantir.’ He came across a significant problem in the financial sector during the onset of the recession. He figured out that lack of communication between big banks resulted in a wide variety of formats which led to major inefficiencies.

    Lonsdale decided that he is going to create a solution that would minimize the number of software systems and provide a single platform offering simplicity. So, he developed a prototype and then researched while working with small financial service providers.

    When Lonsdale was satisfied with the product, he along with his team founded a company in 2009 to market it, named ‘Addepar.’ in 2012. t\The company expanded its target clients and included RIAs (registered investment advisers). Moreover, it came up with a sales and marketing campaign to attract large clients.

    Furthermore, Addepar focused on expanding risk analytics and its customer portal in 2013.

    Addepar – Mission and Vision

    Addepar’s mission is to bring data, technology, and people together so that investors can make better, more informed decisions. Moreover, the company strives to power the global financial system to efficiently allocate capital and mitigate risk.

    Addepar – Name, Logo, and Tagline

    Addepar - Logo
    Addepar – Logo

    The Addepar logo contains black and grey colors with simple geometric text. The black color signifies power, discipline, control, elegance, and authority. Gray, on the other hand, signifies neutrality, formality, and dignity.

    Addepar – Business Model

    When it comes to the business model, the company deals in a niche-specific market with a specialized customer segment. The offerings are primarily targeted at firms operating in the financial sector, including private banks, wirehouse teams, wealth advisors, large financial institutions, funds, and fund administrators.

    Addepar simplifies its customers’ portfolio analysis and its solution enable users to view portfolios vertically, horizontally, and in-depth. This provides an accurate picture which further allows clients to better understand the interplay of multiple assets and how regular events can impact their portfolio.

    Addepar – Revenue Model

    Talking about Addepar’s revenue model, the company has one revenue stream, i.e., the fee it charges from its customers for providing analysis services on its platform. The fee varies with the amount of data being reviewed in a given period. It typically ranges between $50,000 and $1 million depending on the involvement of two important variables- investment and money.

    Addepar – Challenges Faced

    Addepar has been criticized for its program to pay employees higher salary and incentives to live closer to its headquarter just to motivate them to spend more time at work. For instance, the company offered a one-time payment of $300 per month. John Liotti, CEO of East Palo Alto community advocacy group Able Works stated the concern of gentrification of the neighborhood due to this program.

    Addepar – Funding and Investors

    Over 6 funding rounds, Addepar has been able to raise a total of $491.4 million. Furthermore, its latest funding round – Series F Round was undertaken on June 15, 2021, in which it raised a total of $166.3 million. It is backed by 18 world-class investors and Vika Ventures, D1 Capital Partners, WestCap, and Cota Capital are the recent ones.

    Date Round Number of Investors Money Raised Lead Investor
    June 15, 2021 Series F 3 $166.3 million D1 Capital Partners
    November 18, 2020 Series E 3 $117 million WestCap
    June 8, 2017 Series D 7 $140 million 8 VC, Harald McPike, Valor Equity Partners
    May 13, 2014 Series C 8 $50 million David O. Sacks, Valor Equity Partners
    June 15, 2011 Series B $17 million
    April 19, 2010 Series A 1 $1.1 million

    Addepar – Mergers and Acquisitions

    It has acquired 4 companies – AltX., RCI., CapShift, and AdvisorPeak.

    Addepar – Patents and Trademarks

    The company’s intellectual property presently has 25 registered patents, primarily in the category of ‘Computing’ and ‘Calculating.’ Furthermore, it has 23 registered trademarks categorized into the ‘Advertising’ and ‘Business’ class.

    Addepar – Partners

    Its partner network is designed to deliver the best possible results for clients. A few primary partners of the firm are:

    • Charles Schwab
    • Wealthscape
    • Morningstar
    • Intellifo Redblack
    • eMoney
    • Salesforce
    • Mirador
    • PFI Advisors

    Addepar – Growth

    The average assets that are added to the platform each week for many consecutive quarters are worth $15 billion. The estimated annual revenue of the company in 2022 is $146.1 million ($185,900 per employee). Currently, its valuation stands at $2.2 billion. Moreover, the employee count increased by 53% last year.

    Addepar – Awards and Achievements

    Talking about the company’s recent awards and achievements, Addepar was recognized as a Forbes Fintech 50 for the 5th consecutive year and it received Fintech Award from Morgan Stanley in 2018.

    Addepar – Competitors

    Some of its competitors are:

    • Orion
    • Tamarac
    • Envestnet
    • Vise
    • Solovis

    FAQs

    Who is the CEO of Addepar?

    Eric Poirier is the CEO of the company.

    What is Addepar and what does it offer to investors?

    Addepar is a platform that offers investment management and financial data aggregation services to investors. It provides tools for tracking and analyzing portfolios, as well as monitoring risk and performance.

    What kind of clients does Addepar serve, and in what industries?

    Addepar serves a diverse range of clients, including family offices, wealth advisors, banks, and foundations.

  • Tinder’s Winning Marketing Strategy: Swipe Right on Success

    Tinder is the most popular dating app with a strong brand image. How did they dominate the online dating scene so quickly and become successful? Their marketing strategy has the solution. Tinder successfully engages consumers every day by combining conceptual design and user experience.

    In September 2012, the dating app Tinder was introduced. This dating app didn’t initially gain much traction. However, it shocked the app industry with 10 million downloads at the beginning of 2013. In less than a year after the product’s inception, Tinder reached over 1 million active monthly users. It attracted 24 million active monthly users in less than 30 months. It rose to become one of the most popular apps.

    According to Statista, in 2022, Tinder generated 64 million downloads, making it the most downloaded dating app.

    Tinder Target Audience
    Tinder Marketing Strategies
    Why Do Tinder Marketing Strategies Work?

    How Tinder Became an Online Dating Sensation? | Tinder Success Story

    Tinder Target Audience

    The majority of Tinder’s user base falls within the age range of 18 to 25 years old. This age group is Tinder’s primary target audience. However, the platform is open to anyone above the age of 18 who is single and interested in dating.

    According to Tinder’s statistics, in 2021, over 50 percent of its user base in the United States consisted of Gen Z.

    Since around half of its users are Gen Z. This is why they adopt quirky marketing strategies.

    Tinder Marketing Strategies

    Prior to 2012, no one ever considered the possibility of finding love online. However, everyone has an opportunity to discover their ideal partner with Tinder’s introduction in September 2012. However, Tinder’s marketing technique was what persuaded users to utilize the online dating service. Here are the popular marketing strategies used by Tinder:

    • Moment marketing
    • Conversational marketing
    • Meme marketing
    • Guerrilla marketing
    • Buzz marketing
    • Event and Web series
    • Influencer marketing
    • Brand collaborations

    Let’s find out how Tinder is creating stories of love and success!

    Conversational Marketing

    Nobody speaks quite as Tinder does. When it comes to online conversing with other brands, the dating platform does a good job. Tinder engages the audience and other companies in conversation and offers the funniest responses.

    When Tinder requested users to submit their hilarious Tinder dating tales on World Emoji Day, fantastic responses from major businesses were received. Due to its skillful discussion and self-promotion, Tinder’s conversational marketing is at the top of the list.

    When Twitter’s official account once posted “Agreed,” tinder responded with the appropriate tweet, “Me when my crush says anything.” Quite clever, yes.

    It is well known that Tinder is using a sassy approach on Twitter. As outrageous comebacks never stop, Tinder’s Twitter approach is concentrated on starting discussions to encourage genuine involvement.

    Tinder has always used Twitter to engage in casual, conversational, and persuasive social media connections. With millennials as the primary target market, Tinder’s Twitter approach maintains a snarky tone and strives for high interaction through tweet comebacks.


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    Moment Marketing

    Tinder knows that marketing is all about timing. The company comes up with promotional tactics based on current events and festivals. As an online dating platform, Tinder would be foolish to miss out on promoting itself on Valentine’s Day. The company tweeted that there are only 25 days left until Valentine’s Day, urging all singles to get on the app and find their perfect match.

    Similarly, Tinder recently generated several gigs utilizing the show’s well-known dialogues after the highly popular comedy Friends reunion was broadcast on television.

    Therefore, Tinder leverages occasions and circumstances like these to promote its brand.

    Meme Marketing

    Tinder Meme Marketing
    Tinder Meme Marketing

    Up until Tinder entered, every brand is a Memer. Tinder is aware that its target demographic is young people, and that memes are the greatest way to connect with them. Thus, one of Tinder’s marketing techniques is meme marketing.

    This approach is used by Tinder on all of its social media accounts.

    At a time when Binod was the focus of nearly every social media meme, Tinder did not pass up the chance to capitalize on this trending issue. A #Baenod love tale meme was posted by Tinder. To convey the cute love story of Binod and the place where he met Binodini, the brand leveraged the meme to perfection.

    Thus, Tinder develops its meme marketing approach by keeping up with meme-related subjects.

    “Adulting can wait” is one of the most popular meme marketing campaigns that created a buzz among audiences after digital media and outdoor memes took over.


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    Guerrilla Marketing

    Guerrilla marketing employs creative marketing techniques to reach out to consumers. Tinder, for instance, has used this strategy to promote word-of-mouth.

    As part of their guerrilla marketing tactics, Tinder once placed a massive matchbox in an open area where it was visible to most people. While many were initially unaware of what it represented, they eventually discovered Tinder’s logo and realized the clever wordplay: “it’s a match.” Overall, this was a flawlessly executed guerilla strategy.

    Buzz Marketing

    Tinder is known for its buzz marketing techniques that generate conversations around its business and increase brand awareness. Many firms use this method to promote their products or services.

    In 2015, the Atlanta Hawks held the first “Swipe Right Night” event, where a couple who had met on Tinder started dating again. A year later, at the same event, the Hawks’ CEO promised to cover the cost of the couple’s wedding if they decided to tie the knot. In 2018, they got married, and the CEO kept his word. This story, along with Tinder paying for the couple’s honeymoon, helped Tinder gain popularity and inspire more users to sign up and swipe right.

    Another instance of buzz marketing was when Deadpool’s Tinder profile was created and shared around the time of the movie’s release. Fans were excited to create their own Tinder profiles, following the beloved character’s lead. This is a prime example of how buzz marketing works.

    Events and Web Series

    You’ve probably heard numerous romantic tales of couples who met for the first time at a gathering or other occasion. How then can Tinder fail to advertise its dating service at events?

    To advertise its online dating service, Tinder sponsors events and produces its own events. Together with She the People T.V., Tinder organized a female empowerment event in India. Women from many walks of life came together at this gathering to talk about issues like love, female autonomy, technology, and other things.

    With the help of a sponsorship agreement with a nearby music festival called Splendour in the Grass, Tinder introduced a new ‘Festival Mode’ in Australia.

    Influencers and Ambassadors

    People that promote a brand in various ways include influencers and brand ambassadors. By producing content for a business, they advertise it on their social media accounts, and brand ambassadors advertise it by spreading the word and advocating for it.

    The social media platforms of Tinder India have videos made by different influencers where that talk about various Tinder profiles, bios, and other entertaining things. Several well-known actresses and content makers support Tinder, including Ahsaas Channa, Tanmay Bhatt, and Kareema Barry. Ananya Pandey is a well-known Indian celebrity who uses social media to promote Tinder.

    Brand collaborations

    Promoting other brands alongside your own can actually do a lot of good for your brand. Tinder knows this; that’s why they promote other brands through their tie-ups and partnerships.

    By giving out a free Domino’s pizza, Tinder created over 700 matches. Users who swiped right on Tinder got a free pizza and discounts. Both Tinder and Dominos benefitted from this.

    Tinder also collaborated with paIN Gaming to promote games like Free Fire, Counter-Strike, Clash Royale, etc. As a result, they turned loving relationships into games.

    Tinder Age Demographics (US Users)
    Tinder Age Demographics (US Users)

    Why Do Tinder Marketing Strategies Work?

    • Strives for originality: With its “swipe left” and “swipe right” interface, the dating app provides a dating experience that is distinct from conventional dating methods.
    • Focuses on instant gratification: On Tinder, users believe they are earning a reward right away when they connect with someone.
    • Offers an easy user experience: Users love how Tinder has streamlined and simplified the dating process.
    • Uses personalization: By using preference data to filter data, Tinder gives consumers a more personalized experience.
    • Utilizes word of mouth: Tinder’s marketing approach places a lot of emphasis on word-of-mouth promotion. The company employs student ambassadors to spread the word about the app to other members of its target demographic. Customers are more likely to trust other customers than they are to trust a brand, which explains why this has been so effective.

    Conclusion

    Tinder’s innovative marketing strategies have played a crucial role in its success as an online dating platform. By utilizing a variety of channels, including event sponsorships and social media marketing, Tinder has been able to attract and retain a large user base while generating excitement and interest around its brand. As the online dating industry continues to evolve, Tinder’s ability to adapt and stay ahead of the curve will likely ensure its continued success.

    FAQs

    What marketing strategies does Tinder use?

    The popular marketing strategies used by Tinder include moment marketing, conversational marketing, meme marketing, guerrilla marketing, buzz marketing, event, and web series, influencer marketing, and Brand collaborations.

    Why do Tinder marketing strategies work?

    The marketing strategies of Tinder work for several reasons, including their focus on originality, instant gratification, user-friendliness, and personalization.

    What is Tinder’s target audience?

    The majority of Tinder’s user base falls within the age range of 18 to 25 years old. This age group is Tinder’s primary target audience. However, the platform is open to anyone above the age of 18 who is single and interested in dating.

  • Big Four No More: What Does the EY Split Mean?

    The term ‘Big Four’ refers to the world’s largest four professional services networks Deloitte, Ernst & Young (EY), KPMG, and PricewaterhouseCoopers (PwC). Their service repertoire ranges from offering audit, assurance, and taxation to management consulting, actuarial, corporate finance, and legal services.

    The Big Four came into existence only in the late 20th century. Previously the market for professional services was dominated by eight big networks that were nicknamed the ‘Big Eight.’ These were Arthur Andersen, Arthur Young, Coopers & Lybrand, Deloitte Haskins and Sells, Ernst & Whinney, Peat Marwick Mitchell, Price Waterhouse, and Touche Ross.

    It was the gradual mergers between all these firms including the collapse of Arthur Andersen in 2002, that left the market being dominated by the ‘Big Four’ in the 21st century. Such was their market domination that in the year 2011, the United Kingdom reported that 99% of the companies in the FTSE 100 index and 96% of the companies in the FTSE 250 index were being audited by one of the Big Four firms.

    Legal Structure of the Big Four
    Criticism
    The EY Split
    The Effect on the Big Four
    Conclusion

    All four firms are, in reality, professional services network that is owned and managed independently. Each of these independent entities has entered into agreements with the other member firms in the network, which, then, share a common name, brand, intellectual property, and quality standards. In an effort to coordinate the activities of the network, each one has established a global entity.

    Of these four, Deloitte, PricewaterhouseCoopers, and Ernst & Young are registered as a UK Limited Company, whereas KPMG’s registration was under the co-ordinating entity of a Swiss association. Under Swiss law, it changed its legal structure to a cooperative in 2003. It was only in the year 2020, that KPMG became a UK-limited company.

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    Criticism

    Being market dominant for a number of years, the ‘Big Four’ have had their fair share of controversies and criticisms regarding their business practices and ethics, audit quality, tax avoidance, and alleged collusion amongst them. The Public Company Accounting Oversight Board (PCAOB) in the United States did an analysis in 2019 and reported that the ‘Big Four’ had mismanaged approximately 31% of their audits since 2009 with KPMG having the worst audit failure rate of 36.6%.

    May 2018 saw KPMG being accused of complicity and signing off on Carillion’s inflated figures before the company finally collapsed. Two years later in 2020, PwC was facing allegations of a potential interest conflict in its audit of Sonangol as it played a dual role of consultant and auditor. The same year Deloitte was fined 15 million pounds by the FRC for failing to apply professional skepticism in its audit of Autonomy’s financial statements between 2009 to 2011 before it was acquired by Hewlett-Packard. Wirecard’s collapse in 2020 brought to light the poor auditing of Ernst & Young as it failed to discover the missing cash of 1.9 billion Euros.

    The EY Split

    The firm of Ernst and Young, one of the ‘Big Four’ may be heading for a split separating their accounting and consultancy businesses. A top EY official made the observation that this move will help pay the rising technology bills and might be copied by the other ‘Big Four’ firms.

    In the event of a confirmed split, it would be the biggest in the sector since the collapse of Arthur Andersen. The firm of EY is worth approximately USD 50 billion. EY feels confident that the split will make it easier for the firm to raise capital to invest and create two more lucrative firms. The critics, on the other hand, are showing doubt and saying it may adversely affect the auditing side of the business.

    Andy Baldwin, the Global Managing Partner of EY said that if the deal did not go through due to the currently unsettled financial markets, it could be voted on again at a later date. The fundamental drivers of the deal will remain unchanged. He went on to say “It may come to a timing point, so our plan is that we will continue to what we call soft separation next year, and continue to start to run these two businesses separately, albeit they will continue to be part of the single enterprise of EY.”

    EY’s Big BreakUp Plans

    The Effect on the Big Four

    At the time of writing this article the other firms of the ‘Big Four’ have shown no public interest in a separation of powers. However, in the eye of governing bodies trying to sort out the potential conflicts in the global accounting giants and continue to exert pressure, the other firms may not be left with any other choice. Smaller accounting firms may now see a growth opportunity associated with the split.

    If the time comes when the other ‘Big Four’ firms acknowledge the opportunities associated with the split, the fintech market will see unprecedented growth as automated accounting, spend management, and other fintech software will become an inseparable part and tool of the trade.

    Conclusion

    The CMA, in 2018, announced that it would launch a detailed study of the market dominance of the ‘Big Four’ in the audit sector. The UK Financial Reporting Council in July 2020, asked the Big Four firms to submit their plans to separate their audit and consultancy operations by 2024. However, with the EY split looming on the horizon, it seems it might very well be the beginning of a new chapter in the audit and consulting industry.

    FAQs

    Why are the Big Four accounting firms losing their dominance in the industry?

    Big Four’s decline is caused by factors such as regulation, scandals, tech disruption, evolving client demands, and competition from smaller firms with specialized services and lower costs.

    Is EY no more a part of the Big Four?

    EY has announced that it will go ahead with splitting into its audit and consulting divisions into two separate companies.

  • ActiveCampaign: Leader in Customer Experience Automation

    Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved by ActiveCampaign.

    In this modern era, every business is striving to provide a better customer experience to their targeted customers. Customer experience is a term used to define the sum of experiences that people have during the whole product or service cycle.

    Usually, enterprises find it challenging to control how customers feel about their relationship with their products or services. It is when customer experience automation tools and software come in handy.

    ActiveCampiagn is a Chicago-based private company that offers software for customer experience automation (CXA) to small and medium-sized businesses worldwide. Let’s dive in to learn more about ActiveCampaign- its startup story, founders, funding, growth, and more details.

    ActiveCampaign – Company Highlights

    Company Name ActiveCampaign
    Headquarters Chicago, Illinois, United States
    Primary Industry Software Development
    Founders Jason VandeBoom
    Founded In 2003
    Website Activecampaign.com

    ActiveCampaign – About
    ActiveCampaign – Founders and Team
    ActiveCampaign – Startup Story
    ActiveCampaign – Mission and Vision
    ActiveCampaign – Name, Logo, and Tagline
    ActiveCampaign – Business Model
    ActiveCampaign – Products and Services
    ActiveCampaign – Challenges Faced
    ActiveCampaign – Funding and Investors
    ActiveCampaign – Mergers and Acquisitions
    ActiveCampaign – Patents and Trademarks
    ActiveCampaign – Growth
    ActiveCampaign – Awards and Achievements
    ActiveCampaign – Competitors
    ActiveCampaign – Future Plans

    ActiveCampaign – About

    ActiveCampaign is a cloud software platform that offers customer experience automation, apps & integration, custom objects, machine learning, services, mobile app, and developer resources. It combines transactional email, email marketing, sales automation, marketing automation, and CRM categories.

    The company is known for serving technology, education, non-profit, small businesses, fitness, real estate, entertainment & events, and travel & hospitality industries in 170 countries. It has 5 more premises in the US, Australia, Brazil, and Ireland. Moreover, it integrates with over 850 applications, including Slack, Facebook, Salesforce, WordPress, Shopify, and Gmail.

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    ActiveCampaign – Founders and Team

    Founder and CEO of ActiveCampaign, Jason VandeBoom has also founded BoardChair. He possesses multiple skills including marketing, email marketing, online marketing, strategic partnerships, product management and development, SaaS, and web marketing.

    Furthermore, the company employs more than 1050 employees at all its premises.

    Jason VandeBoom - Founder, ActiveCampaign
    Jason VandeBoom – Founder, ActiveCampaign

    ActiveCampaign – Startup Story

    Founded by Jason VandeBoom in 2003, ActiveCampaign commenced its journey as a consulting firm and was then established as an on-premises software provider to help small and medium-sized businesses automate their marketing tasks and manage contacts.

    The company later transitioned from on-premises software to a software-as-a-service business, the main focus of which is to automate marketing and sales.

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    ActiveCampaign – Mission and Vision

    The mission of the company is to help growing businesses connect and engage meaningfully with their targeted customers. When it comes to the vision statement, ActiveCampaign accelerates the growth of each company with only an automation platform designed for providing better customer experiences.

    Furthermore, it is looking forward to emerging as the renowned leader and fastest-growing marketing and customer experience platform, recognized for creating a new category that replaces traditional and enterprise-focused platforms. Additionally, the company focuses on creating a global ecosystem of entrepreneurs and growth-minded businesses.

    ActiveCampaign – Name, Logo, and Tagline

    ActiveCampaign Logo
    ActiveCampaign Logo

    ActiveCampaign follows a unique representation of using its logo with different colors. Primarily the company uses its logo in white color when displayed on dark background. And when it’s displayed on a light background, it uses primary blue as the base color.

    Getting Started with ActiveCampaign

    ActiveCampaign – Business Model

    ActiveCampaign connects every tool and channel that an organization uses in its business for engaging customers at each stage of the customer lifecycle. This platform collects data from email marketing, digital advertising, website, and social media to tailor personalized touchpoints with the organization’s contacts while ensuring that the marketing is effective and engaging.

    The company automates the marketing and sales channel so that a firm can focus on the personal touches for its business to stand out and ensure that it hasn’t missed any step with its targeted customers.

    ActiveCampaign – Products and Services

    The products and services of the company are classified into 4 categories – marketing, sales, e-commerce, and transactional. Marketing offers multiple solutions- marketing automation, email marketing, site tracking, landing pages, personalization, and forms.

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    CRM, sales automation, lead scoring, win probability, and inbox extensions are covered in the Sales category. The E-commerce category allows integration with several e-commerce apps and the Transactional category offers access to email API, SMTP email, email delivery, transactional email templates, and inbound emails.

    ActiveCampaign – Challenges Faced

    Some features that ActiveCampaign still needs to work on are the platform’s email editor and occasional slow performance. Moreover, customers find it difficult to edit multiple emails in automation and they have to build everything – identifying inactive contacts, delivering lead magnets, or adjusting granular subscription preferences- from scratch.

    ActiveCampaign – Funding and Investors

    ActiveCampaign has been able to raise a total of $360 million over 3 funding rounds. Furthermore, the company’s latest funding round – Series C Round was undertaken on April 21, 2021, in which it raised a total of $300 million. It is backed by multiple investors and the main ones are Tiger Global Management, Dragoneer Investment Group, Silversmith Capital Partners, and Susquehanna Growth Equity.

    Date Round Number of Investors Money Raised Lead Investor
    April 21, 2021 Series C 4 $240 million Tiger Global Management
    January 28, 2020 Series B 2 $100 million Susquehanna Growth Equity
    October 11, 2016 Series A 1 $20 million Silversmith Capital Partners

    ActiveCampaign – Mergers and Acquisitions

    It acquired two companiesPostmark and DMARC Digests. Postmark offers transactional email services and DMARC Digests is recognized for offering email authentication and monitoring service. Both these service offerings enhance ActiveCampaign’s capability to offer CRM along with transactional messages with sales and market automation.

    ActiveCampaign – Patents and Trademarks

    It has 4 registered trademarks categorized into the ‘Scientific and technological services’ class.

    ActiveCampaign – Growth

    In 2022, the annual revenue of ActiveCampaign hit $165 million with 65% YOY. the platform’s pricing is $180 per year with its current valuation worth $3 billion. Talking about the company’s customer base, it has more than 140K active users and is serving over 180K businesses. The monthly app download growth is estimated to be 9.06%. Moreover, the employee count has increased by 13%.

    ActiveCampaign – Awards and Achievements

    ActiveCampaign has garnered a myriad of prestigious awards as the leader in its industry. Some recent awards that the company earned are:

    • Best Email Marketing Tool & Best Email deliverability 2023 by ToolTester
    • 2022 Chicago Top Workforces by Chicago Tribune
    • 2022 Tech Cares Award Winner by TrustRadius
    • 2022 APPEALIE SaaS + Software Award Winner by APPEALIE
    • Best Companies for Remote Workers 2022 by Quartz
    • Cloud 100 by Forbes
    • 2022 Sales and Marketing Technology Awards by The Intelligence Group
    • The Top 100 Software Companies of 2022 by The Software Report

    ActiveCampaign – Competitors

    Some of its main competitors are:

    • AVADA Email
    • ConvertKit
    • GetResponse
    • HubSpot
    • Mailchimp
    • Klaviyo
    • Constant
    • MailerLite

    ActiveCampaign – Future Plans

    ActiveCampaign is committed to its customer success and will continue to utilize the resources required for making Postmark a winning solution for small and medium businesses. Moreover, the product-first company plans to continue investing in and prioritizing its roadmap for innovation.

    FAQs

    What tools does ActiveCampaign offer for customer experience automation?

    ActiveCampaign offers email marketing, marketing automation, CRM, messaging, and personalized content tools for customer experience automation.

    Does ActiveCampaign offer mobile app support?

    Yes, ActiveCampaign offers mobile app support for both iOS and Android platforms. The app provides access to managing contacts, sending campaigns, viewing analytics, and updating deals on the go.

    What are the challenges faced by ActiveCampaign?

    Some features that ActiveCampaign still needs to work on are the platform’s email editor and occasional slow performance.