Tag: 📄Company Profiles

BlueVoyant: Monitoring and Addressing Internal and External Cyber Threats

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 BlueVoyant.

For many companies, cybersecurity continues to be a pernicious and complex problem. Moreover, during and after the Covid-19 pandemic, many workers started connecting to the business networks from home systems, leading to a vastly-expanded attack surface for bad actors. The more individual workers and companies connect to the specific organization, the more the risk of cyberattacks increases.

BlueVoyant, a New York-based company, provides a mix of proprietary technology, third-party best-in-class tools, and professional services to implement cyber defense solutions and manage both internal and external risk to enterprises.

Let’s uncover everything about BlueVoyant, from its founders and startup story to funding and growth.

BlueVoyant – Company Highlights

Company Name	BlueVoyant
Headquarters	New York City, New York, United States
Sector	Cybersecurity
Founders	James Rosenthal and Thomas Glocer
Founded	2017
Valuation	$1 billion (2022)
Website	Bluevoyant.com

About BlueVoyant
BlueVoyant – Industry
BlueVoyant – Founders and Team
BlueVoyant – Startup Story
BlueVoyant – Mission and Vision
BlueVoyant – Business Model
BlueVoyant – Products and Services
BlueVoyant – Funding and Investors
BlueVoyant – Mergers and Acquisitions
BlueVoyant – Growth
BlueVoyant – Partners
BlueVoyant – Awards and Achievements
BlueVoyant – Competitors

About BlueVoyant

BlueVoyant is a cybersecurity company offering an end-to-end internal and external cyber defense platform for helping organizations drive business results. Designed to deliver a fully immersive cybersecurity experience, BlueVoyant’s internal and external cyber defense capabilities provide the security outcomes for business needs. The platform continuously monitors the enterprise’s network, endpoints, supply chain, attack surface, and dark web for threats and protects it.

Headquartered in New York City and offices in London, College Park (Maryland), Toronto, Tel Aviv, Budapest, Bogota, Singapore, and Manila, BlueVoyant serves nearly 1,000 clients in 40+ nations worldwide.

BlueVoyant – Industry

BlueVoyant is a significant part of the cybersecurity industry. The industry’s global market size was valued at $221.72 billion in 2022 and is projected to grow to $422.39 billion by 2027, with a growing CAGR of 13.75% during the forecast period. Increased data breaches, rising digitalization, and advanced cyber intrusions are some of the significant market growth driving factors.

Even during the Covid-19 pandemic, many companies increasingly shifted to remote working culture and deployed cyber security solutions, leading to industry growth. Some enterprises ruling the cybersecurity industry are Palo Alto Networks, Cisco Systems , Inc., McAfee, Inc., and Trend Micro, Inc.

BlueVoyant – Founders and Team

James Rosenthal and Thomas Glocer are the co-founders of BlueVoyant.

James Rosenthal

James Rosenthal is the Co-Founder and CEO of BlueVoyant. He earned a bachelor’s degree from Yale University and went to Law School for Law. Before co-founding BlueVoyant, James worked as Senior Partner at McKinsey & Company, Head of Corporate Strategy and Corporate Development at Lehman Brothers, CFO at Tishman Speyer, and COO at Morgan Stanley.

Thomas Glocer

Thomas Glocer is the Co-Founder and Executive Chairman of BlueVoyant. He attended Columbia College, Columbia University for B.A. in Political Science and Government, and Yale Law School for Law. In addition to BlueVoyant, Thomas works at CAPITOLIS as Executive Chairman and Founder, Morgan Stanley as Lead Director, and Isatari Global as Chairman.

BlueVoyant is a team of 650+ employees from more than 20 countries.

BlueVoyant – Startup Story

BlueVoyant was co-founded by James Rosenthal and Thomas Glocer in 2017 to stop cyberattacks. The company was born from years of experience building cyber defense capabilities for some of the world’s most critical and hardened enterprises. It was previously named BlueteamGlobal, created by merging three cybersecurity technology businesses- BitVoyant, K2 Cyber Defense, and K2G. The company was rebranded as BlueVoyant in November 2017.

BlueVoyant opened a new office in College Park, Maryland, in February 2018. The company expanded its operations to the Philippines in October 2019. BlueVoyant launched CRx to reduce cyber risk in business ecosystems in September 2020. It expanded its portfolio of services across Europe in February 2021 and, five months later, launched Modern SOC for Splunk Cloud Platform.

A year later, BlueVoyant launched New Ransomware Attack Playbook, grew its Asia Pacific and Japan Operations by expanding its presence in Singapore, and opened its European Regional headquarters in Budapest.

BlueVoyant – Mission and Vision

BlueVoyant’s mission is the stop cyberattacks. It aims to solve some of the most pressing cybersecurity challenges enterprises and government entities face.

BlueVoyant – Business Model

BlueVoyant’s core premise is to present a platform addressing the security issues for companies finding it challenging to deploy internal and external cyber defense. The company leverages specific MDR toolsets and third-party technology to manage detection and response for threats that have made it past the enterprise’s existing security walls and cover internal infrastructure.

Externally, BlueVoyant Gas built a system to develop an overview of the organization’s wider supply chain. The company’s real-time monitoring solutions assess when and if third-party organizations’ domains are encountering malicious activity. BlueVoyant needs the enterprise’s name and domain, and the platform does the rest, i.e., alerting the enterprise and fixing the issue.

Depending on the client’s business needs and requirements, the platform can be deployed independently or as a full-spectrum cyber defense solution.

BlueVoyant – Products and Services

BlueVoyant’s platform offers Managed Detection & Response and Supply Chain Defense. The company delivers multiple services, including Digital Forensics & Incident Response, Incident Preparedness, Governance, Risk & Compliance, Penetration Testing, and Security Maturity & Readiness Programs.

BlueVoyant – Funding and Investors

BlueVoyant has undertaken 4 funding rounds to raise $525.5 million. Its latest funding round – Series D Round, was completed on February 23, 2022, and raised $250 million. Some leading investors backing the company are J.A.S Ventures, 8VC, Fiserv, ISTARI, Eden Global Partners, Liberty Strategic Capital, and many others.

Date	Round	Number of Investors	Money Raised	Lead Investor
February 23, 2022	Series D	6	$250 million	Liberty Strategic Capital
July 16, 2020	Series C	1	$68 million	Temasek Holdings
May 30, 2019	Series B	1	$82.5 million	Fiserv
August 3, 2017	Series A	2	$125 million	Winton Ventures

BlueVoyant – Mergers and Acquisitions

BlueVoyant has acquired 8 companies and these are as follows:

Acquired Company	Announced Date
202 Group	October 28, 2021
Concanon	September 29, 2021
Marclay	July 1, 2021
Managed Sentinel	October 13, 2020
Gyroscope Software	March 1, 2018
BitVoyant	August 3, 2017
K2G Global	August 3, 2017
K2 Cyber Defense	August 3, 2017

BlueVoyant – Growth

BlueVoyant’s annual recurring revenues grew by 80%, and the average global deal size increased by over 40% in 2022. Its employees count increased by 35%. Moreover, its post-money valuation increased from $430 million in 2019 to $1 billion+ in February 2022.

BlueVoyant: Ecosystem-Scale Cybersecurity

BlueVoyant – Partners

BlueVoyant technology and channel partners are as follows:

Microsoft
Splunk
SentinelOne
CrowdStrike
360 Visibility
Blackwood
Xylos
Red River
Sirius
Joseon Group

BlueVoyant – Awards and Achievements

BlueVoyant is honored with the following listed awards and recognitions:

Won the 2023 Security MSSP (Managed Security Service Provider) and the U.S. Partner of the Year awards from Microsoft Security
Won an award for Threat Detection at the 2022 Fortress Awards
Recognized as one of the Fastest Growing Companies in North America by Deloitte in 2022
Named in the 2022 Security 100 list and 5-Star Rating in the 2022 Partner Program Guide by CRN
BIG Awards for Business named BlueVoyant a Company of the Year

BlueVoyant – Competitors

Some competitors of BlueVoyant are listed below:

Sophos
ReliaQuest
Artic Wolf
CrowdStrike
Rapid7
Red Canary
Secureworks
eSentire
Binary Defense

FAQs

What is BlueVoyant?

BlueVoyant is a cybersecurity company offering an end-to-end internal and external cyber defense platform for helping organizations drive business results.

Who are the founders of BlueVoyant?

James Rosenthal and Thomas Glocer are the co-founders of BlueVoyant.

Who are the main competitors of BlueVoyant?

The main competitors of BlueVoyant include Sophos, ReliaQuest, Artic Wolf, CrowdStrike, Rapid7, Red Canary, Secureworks, eSentire, and Binary Defense.

July 31, 2023

Vervotech Success Story: Revolutionizing Travel Tech With AI-Driven Innovation

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 Vervotech.

The travel technology industry is a vibrant and rapidly evolving sector that leverages the power of cutting-edge technology to transform the way we explore the world. With advancements in artificial intelligence, data analytics, and mobile applications, travel technology has revolutionized various aspects of the travel experience. From seamless online bookings and personalized travel recommendations to virtual tours and real-time updates, travelers now enjoy unprecedented convenience and efficiency.

One such company at the forefront of driving innovation in this industry is Vervotech. Vervotech is a travel technology company with a vision to organize global accommodation data accurately using the power of AI and NLP.

In this article, let’s explore Vervotech’s journey, founders, products, challenges, and more.

Vervotech – Company Highlights

Company Name	Vervotech
Headquarters	Pune, Maharashtra, India
Industry	Travel Technology
Founders	Sanjay Ghare, Dharmendra Ladi, Marvel Puri, Ganesh Pawade
Founded	2018
Website	vervotech.com

Vervotech – About
Vervotech – Industry
Vervotech – Founders and Team
Vervotech – Startup Story
Vervotech – Vision and Mission
Vervotech – Product/Service
Vervotech – Launching Company Strategies
Vervotech – Funding
Vervotech – Challenges Faced
Vervotech – Awards and Achievements
Vervotech – Competitors

Vervotech – About

Vervotech, established in 2018, is a prominent travel technology company with a dedicated vision to set a global standard for accommodation data. Leveraging cutting-edge AI and NLP technologies, the company provides comprehensive solutions tailored to the unique needs of the travel industry with an unwavering commitment to accuracy and innovation. With a focused approach to revolutionizing how accommodation data is managed, Vervotech aims to elevate the efficiency and effectiveness of travel operations.

Vervotech – Industry

Vervotech operates in the dynamic and rapidly evolving travel technology industry. As of 2022, the global travel technology market had already reached an impressive size of $9.3 Billion. According to IMARC Group, the market is projected to further expand to $14.2 Billion by 2028, showcasing a notable compound annual growth rate (CAGR) of 7.5% during the period of 2023 to 2028.

Amidst this flourishing market, Vervotech has emerged as a leading player, offering innovative AI-driven solutions to the travel industry with a strong focus on organizing global accommodation data with unmatched accuracy.

Vervotech – Founders and Team

Sanjay Ghare, Dharmendra Ladi, Marvel Puri, and Ganesh Pawde are the co-founders of Vervotech.

Sanjay Ghare

Sanjay Ghare, CEO and MD of Vervotech, comes from an engineering background. As an Industry veteran and influencer, Sanjay leads and drives Vervotech’s vision of “Organizing the World’s Accommodation Data.” Before starting up Vervotech, he worked as Vice President of the SaaS business at Tavisca (Division of JP Morgan Chase & Co.) for over a decade. Sanjay is an active member of the Forbes Tech Council, and his multiple articles are featured on Forbes.

Dharmendra Ladi

Dharmendra Ladi, the President of Vervotech, is a seasoned software architect. He leads new product development. Before Vervotech, he worked for the likes of Schlumberger and Tavisca.

Marvel Puri

Marvel Puri, CRO of Vervotech, an economics graduate, is an experienced sales professional in travel and hospitality. Marvel is responsible for every process at Vervotech that generates revenue. He has been instrumental in connecting different revenue-related functions, from sales to customer success, pricing, and revenue operations. He’s got over 15 years of experience working with companies like Zensar, Tavisca, and GMS Group.

Ganesh Pawade

Ganesh Pawade, CTO of Vervotech, is an experienced technologist and an excellent problem solver. He specializes in Solution Architecture, Full stack specialists, AWS, Azure, and Google Cloud.

Anurag Mittal

Anurag Mittal, CMO of Vervotech, is a seasoned technology executive who has led multiple marketing teams at SaaS-based organizations. Anurag comes with experience working with Organizations like Deloitte and ACCELQ, where he led the marketing initiatives for their SaaS product lines. He has worn many hats, including devising marketing strategies for business growth, managing GTM with alliances and partners, conceptualizing and orchestrating marketing campaigns, end-to-end event management, and demand generation activities to deliver a qualified sales pipeline.

Vervotech – Startup Story

Hotel content was already a challenge in the travel industry, and travel players needed help to solve it completely and qualitatively. The founders, Sanjay Ghare, Dharmendra Ladi, Marvel Puri, and Ganesh Pawade, had already worked in this industry for over 15 years individually, and they knew they could build a product to solve this challenge. They made enterprise-level mapping technologies for travel businesses, helping these businesses scale and be competitive in the ecosystem. Those technologies and platforms were expensive to build, but the founders wanted to offer a competitive solution to everyone in the travel business. With that thought, they went on to democratize this space.

Vervotech – Vision and Mission

Vervotech has a long-term vision to become synonymous with mapping accommodation content, establishing itself as the go-to company trusted for delivering quality products to manage accommodation data.

In the short run, Vervotech is committed to enhancing the quality of its customer’s interactions with its mapping products. Additionally, the company is looking to strategically expand its presence in emerging markets like East Asia and Africa to tap into its growth potential.

Vervotech – Product/Service

Vervotech is a travel technology company that offers three enterprise-level products. Vervotech’s hotel and room mapping leverages the power of AI to get rid of duplicate listings, fill in missing data, and provide the latest, most relevant, and updated hotel content, ensuring a smooth and enriched experience for online travel companies.

Their other offering, Hotel Curated Content, enables travel companies to display enhanced hotel content, including ratings, multilingual content, brand descriptions, IATA codes, non-hotel accommodations (NHA), points of interest, nearby airports and train stations, and more than 40 other attributes.

Vervotech takes pride in being a customer-first company. They understand that even technology products require swift human assistance in contingencies or other situations. That’s why they provide dedicated account managers to all key accounts, backed by a 24×7 support team.

Vervotech – Launching Company Strategies

The founders’ extensive experience in the travel industry played a vital role in acquiring Vervotech’s initial customers. Leveraging its network and industry connections, the company reached out to key stakeholders and decision-makers in travel agencies and related businesses. This approach helped Vervotech establish credibility and trust from the outset.

Once Vervotech gained initial traction, they used it as a testimony in their marketing efforts and heavily focused on customer education about the mapping problem. This, along with the product’s unique value proposition, attracted new customers. Additionally, positive word-of-mouth recommendations from Vervotech’s early customers further fueled their acquisition efforts.

Vervotech – Funding

Vervotech is a bootstrapped company.

Vervotech – Challenges Faced

When the pandemic hit, the travel industry was its first victim, and it took the longest to recover. At that time, Vervotech was just about two years into the business and faced the same challenges as everyone else in the industry. However, the company perceived this challenge differently and made a strategic decision to direct all efforts on improving their mapping products and making them more market-fit while the industry was at a standstill.

As economic activity in the industry resumed in 2021, Vervotech was the most prepared and experienced a substantial growth of 400% Year over Year (YoY) in the same fiscal period.

Vervotech – Awards and Achievements

Here are the prominent awards and achievements of Vervotech:

Travel Tech Breakthrough Award 2023: Hospitality Innovation of the Year
World Travel Tech Award 2022: Best Hotel Mapping Provider
World Travel Tech Award 2021: Best Hotel Mapping Provider

Vervotech – Competitors

Some of Vervotech’s competitors include Gimmonix and Hotel-Matching.com, among others.

FAQs

What is Vervotech?

Vervotech is a leading travel technology company that utilizes AI for accurate accommodation data solutions for travel companies.

When was Vervotech established?

Vervotech was established in 2018.

What are the products offered by Vervotech?

Vervotech offers three enterprise-level products, Hotel Mapping, Room Mapping, and Hotel Curated Content.

Who are the founders of Vervotech?

Sanjay Ghare, Dharmendra Ladi, Marvel Puri, and Ganesh Pawde are the co-founders of Vervotech.

July 28, 2023

Bluecore: Personalized E-commerce Experience Across Channels

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 Bluecore.

Over the last few years, the retail world has witnessed sales shifting from 85% in physical stores to a 50/50 online-offline split, with shoppers migrating to a more convenient, personalized customer experience. Now, over three-quarters of shoppers expects to begin their experience with the retailer via digital channels, no matter whether the ultimate purchase takes place online or in physical stores.

In this new digital-first age, businesses not only need to acquire shoppers but also transform them into repeat customers for long-term growth. So, brand selling on digital channels needs solutions built particularly for e-commerce. Marketing focused on the entire customer lifecycle is key for brands to retain customers and drive revenue.

Headquartered in the United States, Bluecore is a retail marketing technology company revolutionizing how retailers communicate with shoppers. Keep reading to explore everything about Bluecore, from its startup story, founders, and funding to growth, partners, and competitors.

Bluecore – Company Highlights

Company Name	Bluecore
Headquarters	New York City, New York, United States
Sector	MarTech
Founders	Fayez Mohamood and Mahmoud Arram
Founded	2013
Valuation	$1 billion (2021)
Website	Bluecore.com

About Bluecore
Bluecore – Industry
Bluecore – Founders and Team
Bluecore – Startup Story
Bluecore – Mission and Vision
Bluecore – Business Model
Bluecore – Revenue Model
Bluecore – Products and Services
Bluecore – Funding and Investors
Bluecore – Mergers and Acquisitions
Bluecore – Growth
Bluecore – Partners
Bluecore – Awards and Achievements
Bluecore – Competitors

About Bluecore

Bluecore is a marketing technology company offering an e-commerce multi-channel personalization platform that is transforming casual shoppers into lifetime customers for the world’s fastest-growing retail brands. The company lets marketers turn data into personalized, revenue-generated marketing campaigns within minutes.

More than 400 customer-focused retailers trust Bluecore to rapidly increase customer retention and drive predictable revenue, including Jockey, Nobull, CVS Pharmacy, GAP, J.Crew Pacsun, Lenovo, City Furniture, and more. The platform has processed 300 billion behaviors, cataloged 500 million products, and driven $11 billion+ in revenue.

Bluecore – Industry

Bluecore serves the MarTech (marketing technology) industry which involves developing and launching platforms, tools, and software applications to enable businesses to automate, streamline, and enhance their marketing efforts. The global market size of MarTech was valued at $338 billion in 2022 and is expected to reach $1,175 billion by 2028, exhibiting a CAGR of 22.2% during 2023-2028.

Some key factors that drive the market include the growing demand for social media management tools, the increasing need to gain a holistic view of marketing efforts and measure the impact of campaigns, and the rising deployment of chatbots. Moreover, social distancing and remote working became the norm during the Covid-19 pandemic, which led businesses to increasingly turn to digital marketing channels to reach consumers.

Talking about the competitive landscape, some key players in the industry are ActiveCampaign, Acoustic L.P., Hubspot Inc., Adobe Inc., and Microsoft Corporation.

Bluecore – Founders and Team

Fayez Mohamood and Mahmoud Arram are the co-founders of Bluecore.

Fayez Mohamood

Fayez Mohamood is the Co-founder and CEO of Bluecore. He earned a B.S. inc Computer Engineering from the New Jersey Institute of Technology and an M.S. in Electrical and Computer Engineering from the Georgia Institute of Technology. Before co-founding Bluecore, Fayez worked as Microprocessor Design Engineer at AMD till June 2008, Software Developer at The MathWorks till September 2011, and as Head of Product at Bigdoor Media, Inc. till January 2013.

Mahmoud Arram

Mahmoud Arram is the Co-founder and CTO of Bluecore. He holds a B.S. in Electrical and Computer Engineering from Iowa State University and completed an Advanced Study Program at the Massachusetts Institute of Technology. Previously, Mahmoud was a Software Architect at Allurent, Director of Technology at Redstar, and Engineering Team Leader at Moda Operandi, Inc.

Bluecore Team

Michelle McComb – Chief Financial Officer
Ryan Deutsch – Chief Customer Officer
Sherene Hilal – Chief Product Officer
Pat Deskin – Chief Revenue Officer

Bluecore has over 450 employees.

Bluecore – Startup Story

Fayez Mohamood and Mahmoud Arram co-founded Bluecore in 2013. After working with retailers in a previous role, Fayez realized how difficult it was to set up a simple triggered email. From there, Mahmoud and Fayez developed a patented JavaScript integration that picked retail product attributes and shoppers’ behaviors in real-time to enable marketers to send relevant, timely, triggered emails. With the connection of this retail data at its core, the product evolved and is now famous as a retail marketing platform.

In September 2015, Bluecore introduced Live Segments Email for e-commerce marketers, and in September 2018, it opened its London office to address growing European demand. The company launched Bluecore Site in October 2019. A few years later, in July 2023, Bluecore announced the launch of Transparent identification to provide a complete view of site identification rates.

Bluecore – Mission and Vision

Bluecore mission is to empower commerce organizations to discover their best customers and retain them for life.

Bluecore – Business Model

Bluecore is a retail marketing platform that enables marketers to create personalized marketing campaigns by leveraging shopper, behavior, and product data. With data built directly into marketing campaign workflows alongside point-and-click predictive models, retail marketers can bypass manual processes to trigger any communication and automate the who, when, and where of each mobile site, email, and paid media message for every shopper. Moreover, the platform combines the real-time match of shopper behavior with changing product catalog to give shoppers 1:1 recommendations.

Launch 1:1 Retail Campaigns in Minutes

Bluecore – Revenue Model

Bluecore is a subscription-based platform that provides custom pricing for its solutions.

Bluecore – Products and Services

Bluecore offers Bluecore Communicate, Bluecore Site, and Bluecore Advertise, along with Identify and Convert, Execute 1:1 Campaigns, and Increase Repeat Purchases solutions. With the Bluecore platform, retailers can access Email and Mobile Site, Paid Media and Social, Services and Success, and Integrations features.

Bluecore – Funding and Investors

Bluecore has undertaken 7 e-commerce to raise $238.2 million. Its latest funding round – Series E Round, was completed on August 25, 2021, and secured $125 million. Bluecore conducted its Seed Round for the first time on April 2, 2013, and raised $118K. Market-defining investors who fund the company are FirstMark, Felicis, SilverLake, Georgian Partners, Norwest Venture Partners, and Gaingels.

Date	Round	Number of Investors	Money Raised	Lead Investor
August 5, 2021	Series E	4	$125 million	Georgian Partners
May 26, 2020	Series D	4	$50 million	Georgian Partners
October 4, 2017	Series C	4	$35 million	Norwest Venture Partners
December 2, 2015	Series B	6	$21 million	Georgian Partners
January 22, 2015	Series A	5	$6 million	FirstMark
July 23, 2013	Seed Round	3	$1.1 million	FirstMark
April 2, 2013	Seed Round	2	$118K	–

Bluecore – Mergers and Acquisitions

Bluecore acquired Betaout on October 25, 2018.

Bluecore – Growth

Bluecore achieved a valuation worth $1 billion in August 2021 with funding of $125 million with a Series E round. In May 2020, the company had 236 employees, and by the end of 2021, the number increased to 400.

Bluecore – Partners

Bluecore has partnered with leading strategic technology partners, e-commerce platforms, systems integrators, marketing clouds, agencies, and consultants focused on retailers’ success and best-in-class performance. Some partners of the company are as follows:

Google Cloud
LiveRamp
Airship
ActionIQ
Instagram
Olapic
Salesforce
Pinterest
Yotpo
Vibes

Bluecore – Awards and Achievements

Industry experts recognized and rewarded Bluecore with the following:

America’s Best Startup Employers by Forbes in 2022
EY named Fayez Mohmood in the Entrepreneur of the Year 2022 New York list
Named to 2022 Inc. 5000 annual list of America’s Fastest Growing Private Companies
Crain’s 2021 Best Places to Work in New York
2019 Google Cloud Partner of the Year

Bluecore – Competitors

The below listed are some companies giving tough competition to Bluecore:

Klaviyo
Wunderkind
ActiveCampaign
SuiteDash
Bloomreach
Emarsys

FAQs

What does Bluecore do?

Who are the founders of Bluecore?

Fayez Mohamood and Mahmoud Arram are the co-founders of Bluecore.

When was Bluecore founded?

Bluecore was founded in the year 2013.

Who are the main competitors of Bluecore?

The main competitors of Bluecore include Klaviyo, Wunderkind, ActiveCampaign, SuiteDash, Bloomreach, and Emarsys.

July 26, 2023

Bloomreach: Build, Manage, and Personalize Customer Experience with the E-Commerce Platform

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 Bloomreach.

The first two decades of online retail were limited to enabling businesses to build their e-commerce storefronts and transact online. Now the next battlefield is to differentiate the consumer experience. As online shoppers grow more sophisticated, so do their expectations.

If you strive to achieve better results with less effort, one effective way is to introduce marketing automation. Bloomreach, a US-based company, can help organizations introduce marketing automation and provide personalized experiences to consumers with its cloud-based e-commerce platform.

Keep reading to uncover the success story of Bloomreach.

Bloomreach – Company Highlights

Company Name	Bloomreach
Headquarters	Mountain View, California, United States
Sector	Marketing Automation
Founders	Raj De Datta and Ashutosh Garg
Founded	2009
Valuation	$2.2 billion (2022)
Website	Bloomreach.com

About Bloomreach
Bloomreach – Industry
Bloomreach – Founders and Team
Bloomreach – Startup Story
Bloomreach – Mission and Vision
Bloomreach – Business Model
Bloomreach – Revenue Model
Bloomreach – Products and Services
Bloomreach – Funding and Investors
Bloomreach – Mergers and Acquisitions
Bloomreach – Growth
Bloomreach – Partners
Bloomreach – Awards and Achievements
Bloomreach – Competitors
Bloomreach – Future Plan

About Bloomreach

Bloomreach is a developer of an e-commerce platform delivering personalized customer experiences. It connects customer and product data to help companies understand what customers really want and personalize all customer touchpoints. The platform specializes in marketing automation, product discovery, and content management systems. These solutions combine the power of unified customer and product data with AI-optimization speed and scale, enabling revenue-driving digital commerce experiences.

The company serves over 850 global brands, including Puma, Albertsons, FC Bayern Munchen, Bosch, and Marks & Spencer. Moreover, Bloomreach powers 250 million searches while helping marketers execute 100K email campaigns daily.

Bloomreach – Industry

Bloomreach serves the marketing automation industry, and its global market size is forecasted to grow from $5.2 billion in 2022 to $9.5 billion by 2027, at a noteworthy CAGR of 12.8% from 2023 to 2027. COVID-19 boosted marketing automation adoption as customers sought software and services for streamlined engagement.

Moreover, the demand for marketing automation solutions is significantly expanding because of the digitalization of businesses, increasing internet penetration, and the use of mobile devices. Oracle, Salesforce, Adobe, HubSpot, and SAS are big giants ruling the market.

Bloomreach – Founders and Team

Raj De Datta and Ashutosh Garg are the Co-founders of Bloomreach.

Raj De Datta

Raj De Datta is the Co-founder and CEO of Bloomreach. He completed BSE in Electrical Engineering from Princeton University and MBA from Harvard Business School. Currently, Raj is a Member of the United States Tennis Association and Forbes Technology Council, a Founder Partner at Founder Collective, an Independent Board Member at Zingtree, and a Member Board of Directors at RepresntUs.

Ashutosh Garg

Ashutosh Garg is the Co-founder of Bloomreach. He earned a B.Tech in Electrical Engineering from the Indian Institute of Technology, Delhi, and a Ph.D. in Electrical and Computer Engineering from the University of Illinois Urbana-Champaign. Ashutosh is the Board Member at Bidgely, Advisory Board Member at Plaksha Technology Leaders Program, Founder/Member at Laddrr, and Co-Founder & CEO at eightfold.ai.

Bloomreach Team

Christina Augustine – Chief Operating Officer
Anirban Bardalaye – Chief Product Officer
Amanda Elam – Chief Marketing Officer
Ninos Sarkis – Chief Financial Officer
Rob Rosenthal – Chief Revenue Officer
Xun Wang – Chief Technology Officer

Bloomreach is a team of 900+ global employees.

Bloomreach – Startup Story

Bloomreach was co-founded by Raj De Datta and Ashutosh Garg in 2009 with the idea that every online experience could be so much better if they were catered to individual customers’ specific needs and interests, using intelligent algorithms that go smarter every day.

In 2012, the company launched its first product- an SEO-focused tool. After a year, in 2013, it brought big-data content optimization SaaS to the small screen. Bloomreach officially powered over $200 billion in digital commerce experiences, representing 25% of all retail e-commerce experiences in the US and UK in 2020.

Bloomreach – Mission and Vision

Bloomreach aims to drive magical and measurable experiences for people and businesses.

Bloomreach – Business Model

Bloomrreach targets its offering at retailers, particularly those having an online presence. The company’s Personalization Platform leverages its core technology, the Web Relevance Engine (WRE), to identify the components of a client’s site content relevant to a specific online customer and ensure it surfaces prominently. It allows client organizations to reach consumers of interest effectively. WRE analyzes 1 billion+ webpages each day and then adapts the sites to capture consumer demand across channels, elevating non-branded natural search traffic by 80%.

Bloomreach – Revenue Model

Bloomreach has one revenue stream, i.e., the subscription fees it charges for monthly access to the SaaS platform. The platform’s pricing is customized depending on the customers an enterprise serves, the size of its product catalog, and the number of events it executes, such as how many emails or SMS it sends.

Bloomreach – Products and Services

Bloomreach offers a suite of products driving through personalization and digital commerce growth, including:

Discovery, offering AI-driven search and merchandising
Content, offering a headless CMS
Engagement, offering CDP and marketing automation solutions

Bloomreach – Funding and Investors

Bloomreach raised a total of $452 million over 7 funding rounds. Its latest funding round – Debt Financing Round, was completed on October 4, 2022, and raised $30 million. The company’s leading investors are JP Morgan Chase, Bain Capital Ventures, Sixth Street, Goldman Sachs Asset Management, Lightspeed Venture Partners, Salesforce Ventures, and New Enterprise Associates.

Date	Round	Number of Investors	Money Raised	Lead Investor
October 4, 2022	Debt Financing	1	$30 million	JP Morgan Chase
February 23, 2022	Series F	3	$175 million	Goldman Sachs Asset Management
January 26, 2021	Series E	1	$150 million	Sixth Street
January 29, 2016	Series D	5	$56 million	–
October 18, 2012	Series C	3	$25 million	New Enterprise Associates
September 1, 2010	Series B	2	$11 million	–
March 1, 2009	Series A	3	$5 million	–

Bloomreach – Mergers and Acquisitions

Bloomreach acquired 3 companies: Exponea on January 26, 2021; Hippo on October 26, 2016; and ShopLogic on May 30, 2013.

Bloomreach – Growth

The valuation of Bloomreach more than doubled from 2021 to 2022. In 2022, the company’s valuation was $2.2 billion. Moreover, it achieved $117 million in annual recurring revenue (ARR) by the end of 2022.

Bloomreach – Partners

Bloomreach is the partner of the below listed leading companies:

Google
Gorilla
Mindcurv
Netconomy
Shift7 Digital
Elasticpath
Valantic
Authentic
BigCommerce
Born
Capgemini
Ogilvy Experience

Bloomreach | How to Get Started With E-commerce Personalization

Bloomreach – Awards and Achievements

Bloomreach is an award-winning technology rated by expert analysts and the company’s customers. Following listed are some awards and recognitions the company received to date:

Recognized as a 2022 Customers’ Choice for DXP by Gartner
2021 Leader in The Forrester Wave Cross-Channel Campaign Management
G2 Market Leader 2023
Won Vendors in Partnership’s 2023 Best Unified Customer Experience
2022 Inc. 5000 Fastest Growing Private Companies in America
2022 MarTech Breakthrough Award for Best Overall Marketing Automation Platform

Bloomreach – Competitors

Here listed are some main competitors of Bloomreach:

Salesforce
Adobe
Kentico
Sitecore
Liferay
Crownpeak
Acquia

Bloomreach – Future Plan

Bloomreach is ripe for IPO till 2027 as it checks all the metrics for a successful public company.

FAQs

What does Bloomreach do?

Who are the founders of Bloomreach?

Raj De Datta and Ashutosh Garg are the Co-founders of Bloomreach.

Who is the CEO of Bloomreach?

Raj De Datta is the CEO of Bloomreach.

Who are the main competitors of Bloomreach?

The main competitors of Bloomreach include Salesforce, Adobe, Kentico, Sitecore, Liferay, Crownpeak, and Acquia.

July 25, 2023

Biosplice Therapeutics: Developing First-in-Class, Small-Molecule Therapeutics

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 Biosplice Therapeutics.

Biotechnology has a wide array of applications impacting our daily lives. It contributes significantly to developing food products, medications, agricultural products, and more, using genetically modified organisms and clinical trials. The biotechnology industry is revolutionizing and growing, with numerous startups making big impacts in different fields, especially biopharmaceutical.

One such globally recognized startup is Biosplice Therapeutics. It has transformed into the world’s most valuable US-based startup by researching and developing medicinal drugs for osteoarthritis, oncology, neurology, and other degenerative conditions.

Let’s dig in to uncover more about Biosplice Therapeutics.

Biosplice Therapeutics – Company Highlights

Company Name	Biosplice Therapeutics
Headquarters	San Diego, California, United States
Sector	Biotechnology
Founders	Osman Kibar
Founded	2008
Valuation	$12 billion (2018)
Website	Biosplice.com

About Biosplice Therapeutics

Biosplice Therapeutics is a clinical-stage biotechnology company that develops first-in-class, small-molecule therapeutics based on the pioneering science of alternative pre-mRNA splicing for major diseases.

The California-based company is focused on osteoarthritis and oncology, along with early-stage programs in neurology and other areas of significant unmet medical need. It discovers new targets and biological processes in the Wnt pathway to develop small-molecule drugs that potentially address multiple degenerative conditions.

Biosplice Therapeutics – Industry

Biosplice Therapeutics operates in the Biotechnology industry, the global market size of which was approximately $1.22 trillion in 2022 and is projected to reach $3.21 trillion by 2030, with a remarkable CAGR of 12.8% during the forecasted period. With the rise of the biotechnology sector in developing countries like India, China, and Japan, the market is growing rapidly due to favorable government initiatives.

Biotechnology Global Market Size, 2021 to 2030

Additionally, during the Covid-19 pandemic, the need for discovering novel solutions to develop vaccines and diagnostic tools to combat the disease increased. Some prominent companies capturing a significant share of the biotechnology industry are AstraZeneca, Gilead Sciences, Inc., Bristol-Myers Squibb, Sanofi, and Biogen.

Biosplice Therapeutics – Founders and Team

Osman Kibar is the founder of Biosplice Therapeutics.

Osman Kibar

Osman Kibar is the founder and Executive Chairman of Biosplice Therapeutics. He earned his B.S. in Electrical Engineering from Caltech and a B.A. in Mathematics and Economics from Pomona College. Moreover, he completed his M.S. and Ph.D. in Biophotonics and Optoelectronics from U.C. San Diego. Osman is an entrepreneur and inventor who founded multiple successful companies, including Genoptix, Dynamic Connections, and E-Tenna.

Cevdet Samikoglu

Cevdet Samikoglu is the CEO of Biosplice Therapeutics. He earned a B.A. in Economics from Hamilton College and completed MBD from Harvard Business School. Cevdet is the ex-Director of Research at Goldman Sachs and ex-Co-founder and Co-Portfolio Manager at Greywolf Capital Management. Before appointing Biosplice Therapeutics’ CEO, he worked as CFO and President at the company.

Biosplice Therapeutics Team

Cevdet Samikoglu – Chief Executive Officer
Yusuf Yazici – Chief Medical Officer
Erich Horsley – Chief Financial Officer
Scott W. Bulcao – Chief Legal Officer

Biosplice Therapeutics is a team of 120+ employees.

Biosplice Therapeutics – Startup Story

Biosplice Therapeutics was founded by Osman Kibar in 2008. Osman moved to San Diego in 2008 and incorporated the biotechnology company named Wintherix. He later rebranded the company as Samumed.

The company made quite the entrance in 2016 with a $220 million war fund, a pipeline of anti-aging pharmaceuticals, and a whopping valuation of nearly $12 billion in 2018. Furthermore, it quietly changed its name to Biosplice Therapeutics in 2021 after adding another $120 million to its coffers.

Biosplice Therapeutics enrolled for a Phase II clinical trial for Osteoarthritis treatment of the Knee in 2015 and successfully completed it in 2017. Moreover, the company completed a Phase I Study for Potential Idiopathic Pulmonary Fibrosis Treatment in 2017. It was in 2020 that Biosplice Therapeutics announced the publication of Phase 2 data on Lorecivivint. It initiated the New Phase 3 Trial for Knee Osteoarthritis in 2022. Additionally, the firm announced new clinical data for Cirtuvivint at the European Society for Medical Oncology Meeting in September 2022.

Biosplice Therapeutics – Mission and Vision

Biosplice Therapeutics aims to restore healthy by delivering first-in-class therapies harnessing alternative splicing.

Biosplice Therapeutics – Business Model

Biosplice Therapeutics’ scientific platform is based on biological discoveries governing tissue specialization, enabling the company to selectively eliminate harmful proteins using small molecules. Its foundational discoveries in Wnt pathway modulation unlocked the broad therapeutic potential of alternative splicing by targeting the CLK/DYRK family kinases. These kinases govern the selection of tissue-specific and disease-selective mRNA splice sites, making them attractive, druggable targets within the cellular command and control centers.

Biosplice Therapeutics – Revenue Model

Biosplice Therapeutics makes money by developing and launching regenerative medicines for articular cartilage damage, degenerative disc disease, lung tissue regeneration, osteoarthritis, oncology, neurology, and other degenerative conditions.

Biosplice Therapeutics – Products and Services

Biosplice Therapeutics clinical developments include:

Cirtuvivint for numerous cancers
Lorecivivint for osteoarthritis (in Phase 3)
A broad pipeline ranging from Alzheimer’s disease to other degenerative conditions

Biosplice Therapeutics – Challenges Faced

In February 2022, Biosplice Therapeutics laid off nearly a quarter of its employees and culled a male pattern baldness drug from its pipeline.

A few months later, in November 2022, the company announced that its bid to transform the treatment of arthritis into cancer ran into a snag with its experimental osteoarthritis drug failing to benefit patients in a pair of Phase 3 clinical trials.

Biosplice Therapeutics – Funding and Investors

Biosplice Therapeutics has undertaken 5 funding rounds and raised a total of $778 million. Its latest funding round – Venture Series Unknown Round, was completed on April 15, 2021, and raised a total of $120 million. Recent investors who backed Biosplice Therapeutics include Eventide Asset Management, SymBiosis II, aMoon, Verition Fund Management, Sands Capital, and many others.

Date	Round	Number of Investors	Money Raised	Lead Investor
April 15, 2021	Venture Series	5	$120 million	aMoon Fund, Eventide
April 01, 2019	Series C	1	–	–
August 06, 2018	Series B	3	$438 million	Starling Group, Vickers Venture Partners
September 01, 2013	Series A	3	$220 million	–
September 01, 2012	Seed Round	1	–	–

Biosplice Therapeutics – Growth

Biosplice Therapeutics witnessed a whopping increase in its valuation from $6 billion in 2016 to $12.8 billion in 2018.

Biosplice Therapeutics – Partners

Biosplice Therapeutics has partnered with:

Epic Sciences
Haisco Pharmaceutical Group Co., Ltd.

Biosplice Therapeutics – Competitors

Some main competitors of Biosplice Therapeutics are as follows:

Chordia Therapeutics
Twist Bioscience
Hopewell Therapeutics
Lycia Therapeutics
Edogena Therapeutics
Bionaut Labs

FAQs

What does Biosplice Therapeutics do?

Biosplice Therapeutics is a clinical-stage biotechnology company that develops first-in-class, small-molecule therapeutics based on the pioneering science of alternative pre-mRNA splicing for major diseases.

Who is the founder of Biosplice Therapeutics?

Biosplice Therapeutics was founded by Osman Kibar in 2008.

Who are the main competitors of Biosplice Therapeutics?

The main competitors of Biosplice Therapeutics are Chordia Therapeutics, Twist Bioscience, Hopewell Therapeutics, Lycia Therapeutics, Edogena Therapeutics, and Bionaut Labs.

July 25, 2023

BitSight Technologies: Leading Security Ratings Solution

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 BitSight Technologies.

While cybersecurity threats and vulnerabilities continue to increase and evolve, companies often don’t understand security performance. Even many of them cannot evaluate their security performance, let alone the risk posed by third or fourth-party vendors. But with the right cybersecurity assessment tool, companies can accurately measure their security posture and vendor ecosystem.

BitSight Technologies is a renowned US-based company that developed security ratings to measure the enterprises, government agencies, and educational institutions’ security performance and cyber risk. Review the article to learn about BitSight Technologies’ startup story, founders, mission, products, funding, growth, and more.

BitSight Technologies – Company Highlights

Company Name	BitSight Technologies
Headquarters	Boston, Massachusetts, United States
Sector	Cybersecurity
Founders	Nagarjuna Venna and Stephen Boyer
Founded	2011
Valuation	$2.4 billion (2021)
Website	Bitsight.com

About BitSight Technologies

BitSight Technologies is transforming how enterprises, government agencies, and educational institutions manage performance, exposure, and cyber risk for themselves and their third parties. Moreover, organizations rely on BitSight Technologies to prioritize their cybersecurity investments, build greater trust within their ecosystem, and reduce their chances of financial loss.

The platform is built over a decade of technological innovation, and its integrated solutions deliver value across enterprise security performance, cyber insurance, digital supply chains, and data analysis. This Boston-based company serves 3000+ global customers, with 180+ government agencies and quasi-governmental authorities relying on it.

BitSight Technologies – Industry

BitSight Technologies serves in the cybersecurity industry, with a global market size estimated at $221.72 billion in 2022. And the market is forecasted to grow to $657.02 billion by 2030 with a noteworthy CAGR of 14.59%. The market is witnessing tremendous growth due to increased data breaches, rising digitalization, and advanced cyber intrusions.

During Covid-19, many organizations shifted to remote working culture and deployed cyber security solutions, resulting in market growth. Some prominent cybersecurity players are McAfee, Inc., Palo Alto Networks, Cisco Systems, Inc., and Trend Micro Incorporated.

Size of cyber security market worldwide from 2020 to 2030

BitSight Technologies – Founders and Team

Nagarjuna Venna and Stephen Boyer are the co-founders of BitSight Technologies.

Nagarjuna Venna

Nagarjuna Venna has earned a B.Tech in Computer Science & Engineering from the National Institute of Technology Warangal and an M.Sc. in MS, SDM Fellow from Massachusetts Institute of Technology. He worked as Principal Engineer at Brix Networks and Product Manager at EXFO Service Assurance. In addition to co-founding BitSight Technologies, he co-founded Saperix Inc. in 2010, which was acquired by Firemon in 2011.

Stephen Boyer

Stephen Boyer completed B.Sc. in Computer Science from Brigham Young University and System Design and Management from Massachusetts Institute of Technology. He is the ex-Software Engineer at Caldera, and he co-founded Saperix Inc. in 2010, which was acquired by Firemon in 2011. Currently, Stephen is the Co-founder and CTO of BitSight Technologies and a Member of the CNBC Technology Executive Council.

BitSight Technologies Team

Steve Harvey – Chief Executive Officer (CEO)
Dave Fachetti – Chief Strategy Officer
Mark Desautelle – Chief Customer Officer
Alex Laats – Chief Product Officer & GM
James Hillier – Chief Financial Officer
Catherine Harrell – Chief Marketing Officer
Derek Vadala – Chief Risk Officer

Steve Harvey

Steve Harvey is the CEO of BitSight Technologies. Previously, he worked at Dow Jones as Managing Director, RiskMetrics Group as Head of Global Account Management, and ISS as Chief Operating Officer.

BitSight Technologies is a team of 800 employees.

BitSight Technologies – Startup Story

Stephen Boyer co-founded BitSight Technologies in 2011 with his friend and grad school classmate, Nagarjuna Venna. They devised the original idea of creating a global cybersecurity ratings system. Stephen had spent years before grad school working in cybersecurity for the United States government, so he knew many of the challenges the companies faced.

Nagarjuna and Stephen incorporated BitSight Technologies because they focused on improving cybersecurity’s state worldwide. The company introduced Portfolio Thresholds and Analytics in 2016. BitSight Technologies delivered the first objective measurement of national cybersecurity risk after a year in 2017.

In 2018 the company unveiled the Industry’s first cybersecurity performance planning and in 2019 Analytics Solution and Peer Analytics. It enhanced the third-party risk management platform to help companies respond to significant vulnerabilities in 2022. A year later, in April 2023, the company expanded into a broader integrated cyber risk management category.

BitSight Technologies – Mission and Vision

BitSight Technologies aims to change the state of cybersecurity. The company is on a mission to free the global economy from the impact of cyber incidents, empowering organizations to make better cyber risk decisions and grow confidently in the digital economy.

BitSight Technologies – Business Model

BitSight Technologies offer the most widely adopted Security Ratings solution helping enterprises understand their vendors, clients, and other third or fourth parties’ security performance. The company’s ratings range from 250 to 900, with higher ratings indicating better cybersecurity performance. Security ratings consider things such as historical security performance and performance change over time.

BitSight Technologies formulates security ratings by collecting security information from billions of stored data points and online events. This data allows the company to see the indicators of compromise, infected machines, cyber hygiene, harmful user behavior, and cybersecurity controls in the client’s organization, allowing BitSight Technologies to create an overall rating of the organization’s security performance.

BitSight Technologies – Revenue Model

BitSight Technologies is a subscription-based model, with annual fees ranging from a few thousand dollars to analyze a single organization to over $1 million to review thousands of suppliers.

BitSight Technologies – Products and Services

BitSight Technologies provides three products: Security Performance Management, Third-Party Risk Management, and Cyber Insurance.

BitSight Technologies – Challenges Faced

BitSight Technologies acquired Israeli startup VisibleRisk in September 2021 to set up a local R&D center but shut it down in February 2023 because of the financial crisis in general and high-tech. In addition, 40 employees working in the center were laid off.

BitSight Technologies – Funding and Investors

BitSight Technologies raised $401.6 million by undertaking 7 funding rounds. Its latest funding round – Corporate Round, was conducted on September 13, 2021, and raised $250 million. Moreover, the Seed Round was completed on April 15, 2011, by securing $1 million. Some leading investors who back the company are Moody’s Investors Service, Menlo Ventures, GGV Capital, Warburg Pincus, Singtel Innov8, and Globespan Capital Partners.

Date	Round	Number of Investors	Money Raised	Lead Investor
September 13, 2021	Corporate Round	1	$250 million	Moody’s Investors Service
June 28, 2018	Series D	4	$60 million	Warburg Pincus
September 15, 2016	Series C	8	$40 million	GGV Capital
June 25, 2015	Series B	9	$25.6 million	Comcast Ventures
June 05, 2013	Series A	7	$24 million	–
January 17, 2012	Grant	1	$1 million	National Science Foundation
April 15, 2011	Seed Round	3	$1 million	–

BitSight Technologies – Mergers and Acquisitions

BitSight Technologies acquired three companies, including ThirdPartyTrust on August 4, 2022, VisibleRisk on September 13, 2021, and Anubisnetworks on October 21, 2014.

BitSight Technologies – Growth

The valuation of BitSight Technologies increased from $155 million in 2018 to $2.4 billion in 2021. In August 2021, the company closed H1 2022, surpassing $100 million ARR (annual recurring revenue). BitSight Technologies’ revenue grew 280% during this period. It witnessed exceptional momentum in the public sector, growing 42% YOY.

BitSight Technologies – Partners

BitSight Technologies has partnered with:

Glass Lewis
Schneider Electric
Telefonica
ServiceNow
Moody’s Corporation

BitSight Technologies – Awards and Achievements

BitSight Technologies garnered recognition from industry experts:

Ranked among Fastest-Growing Companies in North America on the 2021 Deloitte Technology Fast 500 list
Recognized as a 2020 Gartner Peer Insights Customers’ Choice for IT Vendor Risk Management Tools
Ranked 246 Fastest Growing Companies in North America on Deloitte’s 2019 Technology Fast 500 list
Named as a Leader in The Forrester New Wave: Cybersecurity Risk Rating Solutions, Q4 2018 evaluation in 2018

Bitsight – Cyber Risk Management as Visionary as You Are

BitSight Technologies – Competitors

Some alternatives and competitors of BitSight Technologies are as follows:

SecurityScorecard
OneTrust
UpGuard
RiskRecon
Prevalent
Black Kite
ServiceNow

FAQs

What does BitSight Technologies do?

BitSight Technologies is transforming how enterprises, government agencies, and educational institutions manage performance, exposure, and cyber risk for themselves and their third parties.

Who are the founders of BitSight Technologies?

Nagarjuna Venna and Stephen Boyer are the co-founders of BitSight Technologies.

Who are the main competitors of BitSight Technologies?

The main competitors of BitSight Technologies are SecurityScorecard, OneTrust, UpGuard, RiskRecon, Prevalent, Black Kite, and ServiceNow.

July 24, 2023

Blockdaemon: Leading Infrastructure Provider for Blockchain Applications

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 Blockdaemon.

Around 60% of enterprise companies stated that blockchain would potentially be a significant component to staying competitive in their space in the coming future. But, still, many businesses spend too much time developing their infrastructure, or alternatively, consider using a single stack DevOps infrastructure provider who holds and effectively centralizes their data.

These enterprises, in turn, commit to an expensive option of locking up the data in a single cloud and accumulating technical debt from the inflexibility to move and try different protocols. It’s when Blockdaemon comes forward as an effective solution.

The US-based company offers a middleware platform for enterprise companies to scale blockchain networks across any data infrastructure dynamically. Let’s read further to learn more about Blockdaemon.

Blockdaemon – Company Highlights

Company Name	Blockdaemon
Headquarters	Los Angeles, California, United States
Sector	Blockchain
Founders	Konstantin Richter
Founded	2017
Valuation	$3.25 billion (2022)
Website	Blockdaemon.com

About Blockdaemon
Blockdaemon – Industry
Blockdaemon – Founders and Team
Blockdaemon – Startup Story
Blockdaemon – Mission and Vision
Blockdaemon – Business Model
Blockdaemon – Products and Services
Blockdaemon – Funding and Investors
Blockdaemon – Mergers and Acquisitions
Blockdaemon – Growth
Blockdaemon – Partners
Blockdaemon – Awards and Achievements
Blockdaemon – Competitors

About Blockdaemon

Blockdaemon is the largest independent blockchain node infrastructure allowing businesses to stake, scale, and deploy nodes with institutional-grade security and monitoring. The company supports over 40 cutting-edge blockchain networks in the cloud and on bare metal. The platform is widely used by exchanges, custodians, financial institutions, crypto platforms, and developers to connect commercial stakeholders to blockchains.

Blockdaemon launched 85K nodes, serving 300+ institutional customers with 70+ points of presence globally.

Blockdaemon – Industry

Blockdaemon caters to the blockchain industry, and its global market was estimated at $7.4 billion in 2022 and is poised to generate revenue over $1235.71 billion by 2030, projecting a CAGR of 82.8% from 2023 to 2030.

Demand for blockchain technology in retail banking and supply chains is expected to boost market growth. Moreover, the legalization of cryptocurrency is encouraging businesses and investors to invest more in blockchain technology. Even the market witnessed growth amid the Covid-19 pandemic, with blockchain technology playing a vital role in developing a platform for managing the pandemic. Several hospitals are using blockchain technology to track the Covid-19 vaccine.

Some key companies emerging as players in the global blockchain industry are Microsoft Corporation, Chain Inc., IBM Corporation, The Linux Foundation, and BTL Group Ltd.

Blockdaemon – Founders and Team

Konstantin Richter is the Founder and CEO of Blockdaemon.

Konstantin Richter

Richter started his career at Deutsche Telekom and then worked at Nokia, Audiotube, Lookbooks, and Wiredrive. He is on the Board of Directors at Odyssey House, Advisory Board Member at DNAstack and MadHive, and Managing Director at Santiago Advisory.

Blockdaemon Team

Chris Sharp – Chief Technology Officer
Nav Rai – VP of Finance
Shannan Stewart – Chief of Staff
Amor Sexton – Head of Operations
Katie DiMento – VP of Marketing
Corinne Smith – Head of People

Blockdaemon is a team of nearly 250 employees.

Blockdaemon – Startup Story

The idea for founding Blockdaemon originated from Konstantin Richter’s experience running Ethereum nodes. Blockchain excited him in 2015 due to the inherent tokenization. After orchestrating the scale of the previous business, he was involved with Wiredrive in 2017. During this period, he watched the token markets appreciate and the delta between expectation and valuation. Additionally, he saw the reality that tech couldn’t keep nodes in syn with a network. He realized that doing the same was very difficult with the existing infrastructure at that time. Only a few conventional cloud-formation tools that could cater to blockchain were available in the market.

Therefore, he established Blockdaemon Inc. in October 2017. The Blockdaemon was built as a tool allowing developers to focus on blockchains without worrying about the underlying infrastructure or giving up decentralization.

It launched Ubiquity API in March 2020. Blockdaemon expanded to APAC in February 2022 and EMEA in March 2022. The company launched Ubiquity API V1 and got ISO 27001 Certified four months later, in July 2022. Furthermore, Staking API was launched in October 2022, and Blockdaemon Wallet in April 2023.

Blockdaemon – Mission and Vision

Blockdaemon aims to reduce the complexity of working with blockchains via quick and easy configuration, monitoring for high availability, and quality of service by providing institutional-grade security.

Blockdaemon – Business Model

Blockdaemon is powering the blockchain economy by simplifying the process of deploying nodes and creating scalable enterprise blockchain solutions through APIs, auto-decentralization, high availability of clusters, and auto-healing of nodes. The platform enables enterprises seeking to engage blockchain solutions for the first time to test multiple real, production-grade blockchains before committing to a single protocol. In addition, more experienced companies can open up their blockchain DevOps to all clouds and for any participant.

Blockdaemon – Products and Services

Blockdaemon product line includes Wallet (Institutional Wallet and Builder Vault), Nodes & APIs (Universal API, Native API, and Dedicated Nodes), and Staking (White-label Validators and Staking API).

Blockdaemon – Funding and Investors

Blockdaemon has undertaken 10+ funding rounds in which it has raised $431.3 million. Its latest funding round – Venture Series Round, was completed on August 1, 2022, and raised $33.1 million. Some leading investors funding the company are Comcast Ventures, Goldman Sachs, Kinetic, Citi Ventures, Boldstart, CoinShares, J.P. Morgan, and SoftBank Investment Advisors.

Date	Round	Number of Investors	Money Raised	Lead Investor
August 1, 2022	Venture Round	–	$33.1 million	–
May 27, 2022	Secondary Market	1	–	–
April 14, 2022	Venture Round	3	–	–
January 26, 2022	Series C	9	$207 million	Sapphire Ventures, Tiger Global Management
September 21, 2021	Series B	13	$155 million	SoftBank Vision Fund
June 8, 2021	Series A	17	$28 million	Greenspring Associates
May 12, 2020	Venture Round	11	$5.5 million	Boldstart Ventures
April 5, 2019	Seed Round	5	$2.4 million	Lerer Hippeau
April 11, 2018	Seed Round	10	$380K	Boldstart Ventures, Comcast Ventures, Genacast Ventures
November 7, 2017	Seed Round	3	–	Boldstart Ventures

Blockdaemon – Mergers and Acquisitions

Blockdaemon acquired four companies, including Sepior on July 20, 2022; Gem on March 9, 2022; Anyblock Analytics on November 17, 2021; and Lunie on February 1, 2021.

Blockdaemon – Growth

Blockdaemon closed a Series C funding round with a post-money valuation of $3.25 billion in January 2022. The company was valued at $1.255 billion in 2021 and achieved a 70X increase in valuation, a 20x increase in revenue, and a 5x increase in headcount over the past year.

Blockdaemon – Partners

Blockdaemon has partnered with the following:

Stakewise
B2C2
Bit Digital, Inc.
Elrond Network
RIDDLE&CODE
Tharsis
Crypto Garage Inc.
BitGo
Astar Network

Blockdaemon Reliable Blockchain

Blockdaemon – Awards and Achievements

Blockdaemon gained industry recognition, including:

Listed as one of the Top Blockchain Companies of 2022 by CB Insights
Konstantin Richter was recognized as one of the Top 25 Crypto Executives for 2022

Blockdaemon – Competitors

The following listed are the competitors of Blockdaemon:

GrainChain
Hyperledger
Blockstream
BlockApps
Corda
Coinbase Institution

FAQs

What does Blockdaemon do?

Blockdaemon is the largest independent blockchain node infrastructure allowing businesses to stake, scale, and deploy nodes with institutional-grade security and monitoring.

Who is the founder of Blockdaemon?

Konstantin Richter is the Founder and CEO of Blockdaemon.

When was Blockdaemon founded?

Blockdaemon was founded in the year 2017.

Who are the main competitors of Blockdaemon?

The main competitors of Blockdaemon include GrainChain, Hyperledger, Blockstream, BlockApps, Corda, and Coinbase Institution.

July 24, 2023

Estate Dekho Success Story: Revolutionizing the Real Estate Industry With Customer-Centric Innovation

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 Estate Dekho.

The real estate industry has experienced significant growth and transformation in recent years, becoming a crucial sector in the global economy. With rising urbanization and population growth, the demand for residential and commercial properties continues to surge.

In this dynamic landscape, technology has emerged as a driving force, reshaping the way real estate transactions occur. It has enhanced customer experiences and brought greater transparency to the market.

One such platform that has embraced the power of technology to revolutionize the real estate experience is Estate Dekho. In this article, let’s explore more about the journey of Estate Dekho, its founders, product or service, challenges, and more.

Estate Dekho – Company Highlights

Company Name	Estate Dekho
Headquarters	Hyderabad, Telangana, India
Industry	Real Estate
Founder	Ranjith Vasireddy (Founder), Sandeep Mylavarapu (Co-founder)
Founded	2020
Website	estatedekho.com

Estate Dekho – About
Estate Dekho – Industry
Estate Dekho – Founders and Team
Estate Dekho – Startup Story
Estate Dekho – Vision and Mission
Estate Dekho – Product/Service
Estate Dekho – Business Model
Estate Dekho – Growth
Estate Dekho – Challenges Faced
Estate Dekho – Funding
Estate Dekho – Future Plans

Estate Dekho – About

Estate Dekho is a dynamic, customer-driven, technology-focused real estate platform, redefining the way people engage with the property market since its launch in 2020. What truly sets them apart is their dedication to providing a seamless and customer-centric experience, placing your needs at the forefront of their innovation.

With a presence in some of India’s most vibrant cities, including Hyderabad, Mumbai, Pune, Bangalore, and Delhi, Estate Dekho is making a strong impact and leaving its mark.

Estate Dekho – Industry

The Indian real estate industry is undergoing remarkable growth, projected to reach $1 trillion by 2030 from $200 billion in 2021. It is expected to contribute 13% of India’s GDP by 2025, indicating its significant impact on the country’s economy.

Amidst this rapid expansion, Estate Dekho emerges as a technology-driven platform that is redefining the way people engage with the real estate market. With a strong focus on customer-centric innovation, Estate Dekho aims to revolutionize the real estate experience for both buyers and builders, offering seamless solutions and unparalleled services to meet the evolving needs of the industry.

Estate Dekho – Founders and Team

Ranjith Vasireddy is the founder, and Sandeep Mylavarapu is the co-founder of Estate Dekho.

Ranjith Vasireddy

Ranjith is the Founder and Managing Director of Estate Dekho. During his internship, Ranjith had the vision to start a performance marketing company that could generate leads for businesses. After collaborating with the Telangana Government and T-Hub at IIIT, Hyderabad Campus, he launched a software company, which soon began to scale. It was then while working with top real estate brands, that he identified the existing gaps in the market and the importance of effective lead generation and management. Recognizing the high ticket prices in the real estate market, he decided to address these gaps by managing leads through a CRM and offering a leads service to facilitate easy access to the market. This led to the incorporation of Estate Dekho.

Since its inception, Ranjith has managed to transform Estate Dekho into one of the top 5 real estate portals in India, multiplying the company’s revenue by 10 times within a short span of two years. His ambition now is to aggressively scale Estate Dekho throughout the country and disrupt the real estate and allied e-commerce markets.

Sandeep Mylavarapu

Sandeep, the co-founder of Estate Dekho, is a finance professional with diverse experience in the fields of compliance, auditing, and financial planning. He has experience working with Big 4 as an Audit Consultant and is currently leading the finance team at Estate Dekho.

Estate Dekho – Startup Story

It all started in 2017 when Ranjith’s performance marketing company identified an opportunity in the unorganized real estate market. They noticed that inventory costs were high, ticket prices were expensive, and project lifespans were long. Realizing that existing solutions available to real estate developers and agents were inadequate, the team observed that builders were wasting money by targeting the wrong prospects and that their lead management was disorganized, leaving them with no effective way to analyze data for better business decisions. On the buyers’ end, the information available was unreliable and incomplete.

With this in mind, they set out to create a product that would be easy to use, technologically advanced, customer-centric, and extremely reliable in disseminating information. Their vision was to develop a product that would help real estate builders, buyers, and agents reach their respective goals.

Estate Dekho – Vision and Mission

The aim is to make lead generation, campaign management, and lead life easier and more cost-effective, with no manpower involved and everything automated and transparent. The platform is designed to be user-friendly, so even laymen can take advantage of it with the help of their account manager. Plus, buyers can quickly and reliably access data such as project details, budgets, location highlights, landmarks, and verified projects, something that isn’t available on current sites.

Vision Statement:
“At Estate Dekho, our vision is to create an unparalleled experience for builders and developers that is defined by innovative technology and tailored services. With our wide range of efficient tools, we strive to promote efficiency and profitability in our users’ ventures.”

Mission Statement:
“To Provide One Stop Solution for end-to-end Business management and achieve True Cross Vertical Integration.”

Estate Dekho – Product/Service

Estate Dekho provides a unique value proposition to both buyers and builders. Buyers can get free and instant consultations by calling the company and view properties relevant to their search criteria in minutes, eliminating the need for endless scrolling on real estate websites or dealing with brokers. Builders can leverage Estate Dekho’s CRM to generate and manage authentic leads with ease, benefiting from additional features such as detailed business analytics, committed prospects, and their free replacements.

Moreover, the company’s team is currently working on creating an innovative AI-powered tool that automates, simplifies, and expedites all social media marketing needs of its clients across multiple platforms with just a click of a button. This tool is set to be released by the end of 2023.

They hope to provide a powerful tool to every real estate developer and agent that makes the process of finding the right buyers, managing them, and completing sales as transparent and easy as possible. Their product also automates the digital marketing process, making it much easier and time-saving to use without involving middlemen or hidden charges.

For buyers, Estate Dekho offers a free and instant consultation to point them to their dream property quickly and without spam. Buyers get access to all the relevant information on their microsites, ensuring they have the necessary data to make informed decisions about their property purchase.

Estate Dekho – Business Model

Large companies already exist, but Estate Dekho’s business model is entirely different. While they sell listings, Estate Dekho prioritizes individual project promotion and offers free consultations. This approach ensures that customers receive trustworthy, verified, and relevant information for their property search.

Estate Dekho is a technology-oriented company, incorporating proper Standard Operating Procedures (SOPs), efficient lead management, an extremely detailed follow-up process, and dedicated account managers. Builders partnering with Estate Dekho receive significant value for their investments, benefiting from lead replacement, lead commitment, and other valuable services. The upcoming Digi Marketer tool further exemplifies this commitment, as Estate Dekho aspires to make AI-driven digital marketing accessible to builders and brokers of all technical levels with ease.

Estate Dekho excels in generating, managing, and automating leads effectively.

Originally starting as an aggregator company, Estate Dekho’s main motto now is to build a comprehensive CRM and digital marketing platform to further enhance its services.

Estate Dekho – Growth

Estate Dekho e-commerce has been operational for over two years and has achieved a revenue of Rs 2.25 crore with a modest investment of just Rs 15 lakh. Currently, the company is managing a team of 60 individuals across its two branches in Hyderabad and Dehradun.

Estate Dekho – Challenges Faced

Estate Dekho’s three major challenges were finances, team building, and client acquisition. Despite starting out with minimal capital and facing financial challenges, they managed to surpass these hurdles through discipline and a platform built on understanding the nuances and market problems. Next, they had to select talented individuals who had faith in the product and their mission, and they nurtured the team through hustle.

The final and most important challenge they faced was getting clients to try their product in a market already dominated by established big names. However, their unique value proposition and top-notch customer service and satisfaction ensured they made headway in a very short time frame.

Estate Dekho – Funding

Estate Dekho was bootstrapped and recently raised funds at a valuation of Rs 8 crore.

Estate Dekho – Future Plans

Estate Dekho aims to achieve a significant market share within 3–4 years while expanding its team to 300–400 talented individuals. The company plans to broaden its presence to multiple cities across India, capturing a larger market share. The launch of the Digi-Marketer platform is a top priority, and Estate Dekho is actively seeking opportunities for acquiring more builders.

Moreover, Estate Dekho envisions scaling aggressively throughout the country, with the determination to disrupt the real estate and allied e-commerce market in India. The company’s ambitious goal is not just to be another aggregator company. Instead, the company strives to be recognized as the best and most customer-friendly in the industry, ensuring that its CRM and Digi-Marketer platforms benefit as many builders as possible.

FAQs

What is Estate Dekho?

Estate Dekho is a customer-driven, technology-focused real estate platform that aims to redefine the way people interact with the property market. It offers innovative solutions and a seamless experience for both buyers and builders.

When was Estate Dekho launched?

Estate Dekho was launched in 2020.

Who are the founders of Estate Dekho?

Ranjith Vasireddy is the founder, and Sandeep Mylavarapu is the co-founder of Estate Dekho.

How does Estate Dekho differentiate from other real estate platforms?

Unlike traditional platforms that focus on listings, Estate Dekho prioritizes individual project promotion and provides free consultations to buyers.

July 22, 2023

Biofourmis: Shaping the Future of Remote Patient Care

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 Biofourmis.

In the past few years, we have seen a significant trend towards virtual at-home care, which is becoming a critical alternative to in-person care, particularly due to increased digital adoption. Moreover, the world demands advanced biotechnological solutions to monitor complex chronic conditions and identify the disease before it actually happens.

Kuldeep Singh Rajput, Maulik Majmudar, and Mark Niu tapped into this global trend and commenced Biofourmis, a digital health company. It is transforming how healthcare is delivered worldwide with its advanced, technology-enabled care solutions and clinical support.

Learn more about Biofourmis with this article.

Biofourmis – Company Highlights

Company Name	Biofourmis
Headquarters	Boston, Massachusetts, United States
Sector	Biotechnology
Founders	Kuldeep Singh Rajput, Maulik Majmudar, and Mark Niu
Founded	2015
Valuation	$1.3 billion (2022)
Website	Biofourmis.com

About Biofourmis
Biofourmis – Industry
Biofourmis – Founders and Team
Biofourmis – Startup Story
Biofourmis – Mission and Vision
Biofourmis – Business Model
Biofourmis – Revenue Model
Biofourmis – Products and Services
Biofourmis – Challenges Faced
Biofourmis – Funding and Investors
Biofourmis – Mergers and Acquisitions
Biofourmis – Growth
Biofourmis – Partners
Biofourmis – Awards and Achievements
Biofourmis – Competitors
Biofourmis – Future Plan

About Biofourmis

Biofourmis is a biotechnology company providing advanced technology and clinical support for home care and digital therapies. Headquartered in Boston, United States, with key offices in Singapore and India, the company discovers, develops, and delivers clinically validated software-based therapeutics to provide better outcomes to patients, advanced tools to clinicians for delivering personalized care, and technology to demonstrate the value of pharmacotherapy.

The company has deployed its solutions with 65+ customers, including multi-year collaborations and strategic partnerships with leading pharmaceutical companies, hospitals, and health systems.

Biofourmis – Industry

Biofourmis runs the business in the Biotechnology industry, the global market size of which was estimated at $403.1 billion in 2022. Due to the rise of the biotechnology sector in developing countries like India, China, and Japan, the market is being driven by favorable market initiatives. And thus, the biotechnology global market is projected to reach $974.5 billion by 2030, with a noteworthy CAGR of 13.44% from 2023 to 2030.

Projected Size of the Biopharmaceuticals Market Worldwide From 2020 to 2030 — Projected Size of the Biopharmaceuticals Market Worldwide From 2020 to 203

Even the Covid-19 pandemic positively impacted the biotechnology market by increasing the need for discovering novel solutions to develop vaccines and diagnostic tools to combat the disease. Furthermore, biotechnology startups are acquiring robust funding support and venture capital investments in the growing industry. Some key players in the industry are AstraZeneca, Sanofi, Gilead Sciences, Inc., Bristol-Myers Squibb, and Biogen.

Biofourmis – Founders and Team

Kuldeep Singh Rajput, Maulik Majmudar, and Mark Niu are the co-founders of Biofourmis.

Kuldeep Singh Rajput

Kuldeep Singh Rajput is the co-founder and Chief Executive Officer (CEO) of Biofourmis. He is a Ph.D. holder in Electrical Engineering (Neurotechnologies) from the National University of Singapore. In addition to Biofourmis, he works as Advisor at HealthXL, Executive Council Member at Forbes Technology Council, and Board Member at Neuroglee Therapeutics.

Maulik Majmudar

Mailik Majmudar - Co-founder and CMO, Biofourmis — Mailik Majmudar – Co-founder and Chief Medical Officer, Biofourmis

Maulik Majmudar is the Co-founder and Chief Medical Officer at Biofourmis. He completed B.Sc. in Biochemistry and Neurobiology from the University of Maryland and an M.D. in Doctor of Medicine from Northwest University – The Feinberg School of Medicine. Moreover, Maulik completed Fellowship in Cardiac MRI from Duke University School of Medicine and a Fellowship in Cardiovascular Medicine from Brigham and Women’s Hospital (Harvard Medical School). Currently, he is also the Medical Advisor at HILABSINC.

Mark Niu

Mark Niu is from a Chemical Engineering background. He is the Co-founder and Chief Privacy Officer (CPO) of Biofourmis and has also worked as the company’s Chief Product Officer. Mark also works as a part-time Advisor at TipsyVerse.

Biofourmis Team

Jaydev Thakkar – Chief Operating Officer
Milan Shah – Chief Technology Officer
Renika Sehgal – Chief Financial Officer
Ross Armstrong – Chief Commercialization Officer
Denise Chittick – Chief People Officer

Biofourmis employs nearly 500 employees, including 40 data scientists on staff.

Biofourmis – Startup Story

Biofourmis was launched in 2015 by Kuldeep Singh Rajput, Maulik Majmudar, and Mark Niu. Kuldeep moved to Singapore for his Ph.D. but dropped out to start a business with co-founders Mark Niu and Maulik Majmudar when he saw the potential to ‘predict a disease before it happens.’

The company moved its headquarters from Singapore to the United States in 2019. Also, the same year, Biovitals Analytics Engine received FDA clearance for Ambulatory Physiologic Monitoring. Furthermore, the Biovitals software received FDA Breakthrough Device Designation in July 2022. Biofourmis launched its virtual specialty care platform called Biofourmis Care in February 2022.

Biofourmis – Mission and Vision

The mission of Biofourmis is to harness the power of technology and data to shape innovations that bring the right care to every person, regardless of where they are.

About Biofourmis

Biofourmis – Business Model

Bioformis platform is driven by data and FDA-cleared algorithms that deliver interventions personalized to a person and his disease. It’s configurable and scalable to adapt to the organization’s needs and patient populations.

The company’s AI-driven solutions collect and analyze 120+ biomarkers in real-time and identify shifts requiring proactive interventions. This innovation enables Biofourmis to offer people connected access to hospital-level services, life-changing clinical trials, and virtual provider networks for remote care- without leaving their homes.

Biofourmis’ connected platform improves patient outcomes, accelerates drug development, prevents hospitalization readmissions, and closes critical gaps in care. The company’s platform monitors nearly 100,000 patients globally and achieved a 70% reduction in 30-day readmission, the ability to detect deterioration 21 hours sooner, and reductions in cost or care by almost 38%.

Biofourmis – Revenue Model

Biofourmis takes a commission on the recommended drugs sold via its digital pill.

Biofourmis – Products and Services

Biofourmis products offering include Biovitals, Biofourmis Connect, and Biofourmis Care. These platforms are acquainted with multiple features, including device connectivity, data science, engagement, personalized interventions, clinical and in-home services, and care coordination.

Biofourmis – Challenges Faced

With plans to operate globally, Biofourmis identified connectivity as a significant issue. The company encountered issues with Bluetooth connectivity blind spots that could cause their app and connected device to disconnect unexpectedly. Biofourmis overcame this challenge by shifting from Bluetooth to cellular connectivity over 4G networks.

Biofourmis – Funding and Investors

Biofourmis has raised $443.1 million in funding by undertaking 8 funding rounds. Its latest funding round – Series D Round, was completed in April 2022 and raised $300 million. Some investors backing Biofourmis are Intel Capital, Openspace, SoftBank Vision Fund, Sequoia Capital, and EDBI.

Date	Round	Number of Investors	Money Raised	Lead Investor
April 26, 2022	Series D	1	$300 million	General Atlantic
September 3, 2020	Series C	6	$100 million	SoftBank Vision Fund
May 21, 2019	Series B	7	$35 million	MMV Europe & Asia-Pacific, Peak XV Partners
May 1, 2018	Series A	2	$2 million	–
December 11, 2017	Series A	2	$5 million	Aviva Ventures, Openspace
September 16, 2016	Financing Round	–	–	–
August 10, 2016	Angel Round	2	$1 million	Eden Strategy Institute, SpesNet Pte Ltd
December 1, 2015	Angel Round	1	SGD100K	–

Biofourmis – Mergers and Acquisitions

Biofourmis acquired two companies, i.e., Gaido Health on April 16, 2020, and Biovotion on November 19, 2019.

Biofourmis – Growth

Biofourmis has surpassed the unicorn status by hitting a $1.3 billion valuation with Series D funding in 2022. Moreover, the company grew from approximately 150 employees in 2020 to 500 in 2022.

Biofourmis – Partners

Biofourmis partners with 50+ global health systems, life science companies, and payers. Some of these are as follows:

LifeBridge Health
Loretto
Mayo Clinic
MediClinic
Care New England
Integra
Discovery
Northwell Health

Biofourmis – Awards and Achievements

Some of the awards Biofourmis garnered are:

Named 2021 DPHARM Idol Disrupt Winner
Won 2021 Fierce Healthcare Innovation awards for Hospital@Home solution in the ‘Digital/Mobile Health Solution’ and ‘Cost Saving’ categories
Listed in the 2019 CB Insights Digital Health 150 list of Most Innovative Digital Health Startups

Biofourmis – Competitors

The competitors of Biofourmis are as follows:

BioBeat
Byteflies
Validic
Acorai
MayaMD
Healios

Biofourmis – Future Plan

Biofourmis is eyeing a future IPO, which is tentatively set for 2023.

FAQs

What does Biofourmis do?

Biofourmis is a biotechnology company providing advanced technology and clinical support for home care and digital therapies.

Who are the founders of Biofourmis?

Kuldeep Singh Rajput, Maulik Majmudar, and Mark Niu are the co-founders of Biofourmis.

When was Biofourmis founded?

Biofourmis was founded in the year 2015.

Who are the main competitors of Biofourmis?

The main competitors of Biofourmis are BioBeat, Byteflies, Validic, Acorai, MayaMD, and Healios.

July 21, 2023

BigPanda: Resolving IT Incidents with Incident Intelligence and Automation Platform

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 BigPanda.

With IT moving to the cloud, it’s creating different types of new challenges in the ability of enterprises to keep their digital services running. The shift to the cloud has led to orders of magnitude and more IT data in terms of scale, velocity, and so on. IT engineers are drowning in a growing tsunami of IT data and finding it difficult to manage IT incidents.

It’s when BigPanda comes into the picture. The US-based startup uses AI to help ITOps keep up with this massive wave of IT data. It helps organizations automate and scale their ability to keep up with evolving IT landscape. Let’s read further to uncover more about BigPanda, from its startup story to its growth.

BigPanda – Company Highlights

Company Name	BigPanda
Headquarters	Redwood City, California, United States
Sector	Artificial Intelligence in IT Operations (AIOPs)
Founders	Assaf Resnick and Elik Eizenberg
Founded	2012
Valuation	$1.2 billion (2022)
Website	Bigpanda.com

About BigPanda
BigPanda – Industry
BigPanda – Founders and Team
BigPanda – Startup Story
BigPanda – Mission and Vision
BigPanda – Business Model
BigPanda – Revenue Model
BigPanda – Products and Services
BigPanda – Challenges Faced
BigPanda – Funding and Investors
BigPanda – Growth
BigPanda – Marketing Strategies
BigPanda – Partners
BigPanda – Awards and Achievements
BigPanda – Competitors

About BigPanda

BigPanda is a California-based company enabling its customers to organize and mobilize the world’s DevOps and ITOps data. The company’s Incident Intelligence and Automation Platform, powered by AIOps, helps small, medium, and large organizations keep business running by preventing service outages and improving incident management to deliver exceptional customer experiences. With the BigPanda platform, ITOps, NOC, and DevOps teams can detect, investigate, and resolve IT incidents faster and more easily.

PlayStation, IHG, London Stock Exchange, GoTo, AutoDesk, PayPal, LUCID, Upwork, and Alaska Airlines are some leading enterprises trusting BigPanda.

BigPanda – Industry

Artificial Intelligence in IT Operations (AIOps) market size is poised to reach $33.8 billion by 2032, with a CAGR of 18.20% during the forecasted period. The market is growing faster due to the rising demand for AI-based services in IT operations.

Key participants in the industry are IBM Corporation, Splunk, Cisco Systems Inc., Elastic, and Dynatrace Inc.

BigPanda – Founders and Team

Assaf Resnick and Elik Eizenberg are the co-founders of BigPanda.

Assaf Resnick

Assaf Resnick is the Co-founder and CEO of BigPanda. He completed B.Sc. in Business Administration from the University of California, Berkeley, Haas School of Business. Before co-founding BigPanda, Assaf was an investor at Sequoia Capital and Crew Member at Jibe Ventures.

Elik Eizenberg

Elik Eizenberg is the Co-founder of BigPanda. He holds a degree in Computer Science from The Hebrew University of Jerusalem. Elik has worked on Algorithmic Trading Hedge Fund at Stealth and CTO at BigPanda.

BigPanda Team

Ed Tang – Chief Financial Officer
Fred Koopmans – Chief Product Officer
Jason Walker – Chief Technology Officer
Rick Underwood – Chief Revenue Officer

BigPanda is a team of approximately 300 employees.

BigPanda – Startup Story

BigPanda was co-founded by Assaf Resnick and Elik Eizenberg in 2012. With organizations taking transformative initiatives like shifting to the cloud or adopting new technologies and operating models, enterprise IT Ops, NOC, DevOps, and SPE teams were managing environments at an unprecedented scale, complexity, and velocity.

Moreover, to keep up, organizations have been trying to automate IT operations for years. But that automation was based on rules and dependency models programmed by hand, resulting in higher costs, slower time to value, and inability to keep up with rapid change.

Assaf and Elik were frustrated that IT Ops was still held captive by these rules-driven solutions and overly manual processes. However, they knew that Machine Learning could come to help. Therefore, they came up with the idea of launching BigPanda in 2012. After two years, the company came out of stealth mode, took its SaaS product out of beta, and raised Series A funding.

In 2015, BigPanda launched AutoShare Feature. And Service Health and Analytics and DevOps tools were launched in 2016. Two years later, in 2018, the company achieved SOC 2 Type II Security attestation. It expanded AIOps capabilities and launched Root-Causes Changes in 2019. Furthermore, BigPanda achieved AWS DevOps Competency status in March 2020 and launched Automatic Incident Triage a year later. It launched New Data Engineering capabilities in February 2023.

BigPanda – Mission and Vision

The mission of BigPanda is to keep businesses running by automating and scaling their ability to manage the explosion of IT data they face daily. Additionally, the company aims to support its employees by giving them a career path within BigPanda and the opportunity to develop their skills and expertise across different functions.

BigPanda – Business Model

BigPanda’s AI-powered ITOps platform automates IT incident management. It aggregates, normalizes, and enriches events collected from fragmented tools and correlates that data into actionable insights with AI.

The platform allows clients to detect incidents as they form, in real-time, before they escalate into outages. BigPanda provides multiple tools to isolate the IT incident’s root cause quickly. Moreover, it streamlines incident response with automatic incident triage, bi-directional ticketing, and notifications.

By deploying BigPanda, organizations can reduce their IT operating costs by at most 50% and MTTR by 50% or more. Moreover, the platform compresses alerts by 95%, identifies critical alerts in the 30s, and saves up to 20 hirs per IT incident.

BigPanda – Revenue Model

BigPanda offers four Professional Services Packages – ‘Silver,’ ‘Gold,’ ‘Platinum,’ and ‘Custom,’ based on clients’ immediate and long-term strategy, the enterprise’s unique operational process, and the complexity of the environment.

BigPanda – Products and Services

BigPanda’s product line comprises Alert Intelligence, Incident Intelligence, Generative AI, Workflow Automation, Unified Analytics, Integrations, and Platform Components, such as Open Integration Hub, Open Box Machine Learning, Root Cause Changes, and more.

What is BigPanda?

BigPanda – Challenges Faced

In April 2023, BigPanda announced its streamlining and restructuring of the company and, thus, reduced its workforce by 13%. Moreover, the company announced that the executive leadership team will take a pay cut for the next 12 months.

BigPanda – Funding and Investors

BigPanda has raised $337 million in funding over 8 rounds to date. Its latest funding round – Series E Round, was completed on August 17, 2022, helping the company to raise $20 million. Sequoia Capital Israel led its initial seed funding on January 1, 2013. Some prominent investors fund the company, including Insight Partners, Sequoia, Battery Ventures, Wells Fargo, Glynn Capital, and Mayfield.

Date	Round	Number of Investors	Money Raised	Lead Investor
August 17, 2022	Series E	2	$20 million	UBS, Wells Fargo Strategic Capital
January 12, 2022	Series D	3	$190 million	Advent International Insight Partners
November 21, 2019	Series C	5	$50 million	Insight Partners
November 1, 2017	Series B	6	$49 million	Greenfield Partners
May 17, 2016	Series B	4	$5 million	–
October 1, 2015	Series B	3	$16 million	Battery Ventures
October 28, 2014	Series A	2	$7 million	Mayfield Fund
January 1, 2013	Seed Round	1	–	Sequoia Capital Israel

BigPanda – Growth

BigPanda was valued at $1.2 billion in 2022 following the Series D round of $190 million, making it a unicorn company. Moreover, the sales in 2021 grew by 155% on a YOY basis, with net dollar retention of 122% on the last-12-month basis. In Q4 2021, the company witnessed a nearly doubled customer base since 2019.

In 2022, BigPanda had a 5x YOY increase in $1M+ deals, and employee hires grew by 104% in the last two years. However, it reduced 13% of its staff in 2023.

BigPanda – Marketing Strategies

After raising $7 million in Series A in 2014, BigPanda started creating content to increase brand awareness. Its first blog was about fundraising, and the second was about how its engineers used Ansible for continuous delivery. And later, in 2014, the company eventually started creating and promoting content across channels and increased its content velocity YOY.

Furthermore, between 2019 to 2021, BigPanda came up with two attractive content streams- magazines and comics – to provide a distinguished user experience. The company has around 36 magazines and 65 Hardnoclife comic strips.

Incident Triage - BigPanda — Incident Triage – BigPanda

BigPanda – Partners

BigPanda has partnered with the below-listed solution providers, system integrators, and technology alliances:

Ahead
AWS
CDW
Benchmark
Resource9
MLO
Entisys 360
Edge Solutions
HCL
Microsoft Azure
XIGENT
Yash Solutions LLC

BigPanda – Awards and Achievements

BigPanda is recognized by many leading industry experts:

Recognized as a Strong Performer in Forrester’s Process-Centric AI for IT Operations report
Won Leader Summer 2023 award by G2
Won Top 50 IT Management Products G2 Best Software Awards 2023
Named to Inc. Magazine’s Annual List of Best Workplaces in 2021
Won the 2021 Silver Stevie Award for Sales and Customer Service

BigPanda – Competitors

Below listed are some main competitors of BigPanda:

PagerDuty
Splunk Technology
Datadog
Dynatrace
AppDynamics

FAQs

What does BigPanda do?

BigPanda enables its customers to organize and mobilize the world’s DevOps and ITOps data. The company’s Incident Intelligence and Automation Platform, powered by AIOps, helps small, medium, and large organizations keep business running by preventing service outages and improving incident management to deliver exceptional customer experiences.

Who are the founders of BigPanda?

Assaf Resnick and Elik Eizenberg are the co-founders of BigPanda.

When was BigPanda founded?

BigPanda was founded in the year 2012.

Who are the main competitors of BigPanda?

The main competitors of BigPanda are PagerDuty, Splunk Technology, Datadog, Dynatrace, and AppDynamics.

July 20, 2023