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Tag: 📄Company Profiles

  • Axtria: A Software and Data Analytics Provider to Life Sciences Industry

    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 Axtria.

    Analytics as a service (AaaS) market size was estimated to be $18.9 billion in 2022 and has plenty of headroom for growth and reach $68.9 billion by 2028. In this technologically advanced era, a wide array of cloud software and analytical capabilities exist, transforming how organizations drive data-driven insights in multiple aspects of their business and make informed decisions.

    Axtria, a New Jersey-based big data analytics company, sits at the cusp of this revolution in data analytics. The company provides software and data analytics solutions to enterprises operating in the life sciences industry.

    Let’s dive in to learn more about the company, including its startup story, founders, funding, business mode, growth, partners, and more.

    Axtria – Company Highlights

    Company Name Axtria
    Headquarters Berkeley Heights, New Jersey, United States
    Sector Big Data Analytics
    Founders Jaswinder Chadha, Navdeep Chadha
    Founded 2010
    Valuation $1 billion (2021)
    Website axtria.com

    Axtria – About
    Axtria – Industry
    Axtria – Founders and Team
    Axtria – Startup Story
    Axtria – Mission and Vision
    Axtria – Business Model
    Axtria – Products and Services
    Axtria – Funding and Investors
    Axtria – Growth
    Axtria – Marketing Strategies
    Axtria – Partners
    Axtria – Awards and Achievements
    Axtria – Competitors
    Axtria – Future Plan

    Axtria – About

    Axtria provides award-winning cloud software and data analytics worldwide to the life sciences industry. The company seamlessly blends information, analytics, and technology on the cloud to help life sciences enterprises gain a completive edge to increase sales, boost patient outcomes and drive business growth.

    Axtria serves companies in 100+ countries, including the United States, India, western Europe, the United Kingdom, Germany, Japan, France, and Switzerland.

    Axtria – Industry

    Axtria serves the big data analytics industry which is projected to grow from $271.83 billion in 2022 to $745.15 billion in 2030 at a CAGR of 13.5%. Big data analytics examines databases to understand and deliver valuable insights based on varying market trends, correlations, hidden patterns, and more.

    Size of the Big Data Analytics Market Worldwide
    Size of the Big Data Analytics Market Worldwide

    Industries shifting to digital solutions amid the Covid-19 pandemic to transform digitally has increased the demand for big data analytics solutions. Another driving factor of market growth is the increasing adoption of databases across every industry. IBM Corporation, SAP SE, SAS Institute Inc., Microsoft Corporation, and Oracle Corporation are some major companies operating in the market.

    Axtria – Founders and Team

    Jaswinder Chadha and Navdeep Chadha are the Co-founders of Axtria.

    Jaswinder Chadha

    Jaswinder Chadha - Co-founder and CEO, Axtria
    Jaswinder Chadha – Co-founder and CEO, Axtria

    Jaswinder Chadha attended the Indian Institute of Technology, Delhi, for a B.Tech in Mechanical Engineering, The University of Texas at El Paso for an M.S. in Industrial Engineering, and Texas A&M University for a Ph.D. in Industrial Engineering and Operations Research.

    He co-founded marketRx in 2000 and worked as its CEO till 2009. Currently, Jaswinder is the Board of Directors member at Panjab Digital Library and SpectraMedix. In addition, he holds the position of the Advisory Council Member, SBAAC, at the Federal Reserve Bank of New York and co-founder and CEO at Axtria.

    Navdeep Chadha - Co-founder, Axtria
    Navdeep Chadha – Co-founder, Axtria

    Navdeep Chadha completed his B.Tech in Electronics Engineering from Guru Nanak Dev University and M.S. in Computer Science from The University of Texas at El Paso.

    He worked as Managing Consultant at Noblestar and Co-founder and CTO at the marketRx. At present, Navdeep is the Co-founder of Axtria.

    Axtria has over 2,500 employees globally.

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    Axtria – Startup Story

    Jaswinder Chadha and Navdeep Chadha co-founded Axtria in 2010 after recognizing the opportunity to satiate the imminent need for data-driven analytics solutions in the life sciences industry for managing the ever-expanding volume of data due to rapid digitization and adoption of cloud technology. The co-founders figured out that the key was to provide enterprise-grade analytics on integrated software technologies that could complement the organization’s existing ecosystem.

    Axtria raised its initial funding round from Sequoia Capital in India in 2010. The company expanded into Europe in 2016 and to a spacious San Mateo, California office in 2019. In the same year, it opened a new office in Boston. It was in 2020 that Axtria opened its third delivery center in Bengaluru and a new office in North Suburban Chicago.

    Analytics as a Service (AaaS) Market Size Forecast Worldwide in 2021 and 2028
    Analytics as a Service (AaaS) Market Size Forecast Worldwide in 2021 and 2028

    Axtria – Mission and Vision

    Axtria is focused on delivering solutions to help clients complete their journey from Data-to-Insights-to A-Action and get higher returns from their sales and marketing investments.

    Axtria – Business Model

    Axtria combines process knowledge of life science commercial operations, data analytics, and technology to help customers make better data-driven decisions. The company uses big data, cloud, artificial intelligence (A.I.), and machine learning (ML) to develop multiple proprietary applications, like RiskIQ, SalesIQ, and MarketingIQ.

    These applications get embedded in the customer platform to deliver crucial insights related to market, operations, sales, marketing, customers, and business risk, at the point of decision.

    Axtria – Products and Services

    Axtria’s product line includes Axtria DataMAx, Axtria InsightsMAx, Axtria SalesIQ, Axtria CustomerIQ, and MarketingIQ. Moreover, its solutions comprise Strategy Consulting, Information Management, Market, Sales, Advanced Analytics, Marketing, Clinical Development, and Therapeutics.

    Axtria Introduction

    Axtria – Funding and Investors

    Axtria raked $206.2 million in funding by raising 6 funding rounds. The company’s latest funding round – Venture Series Unknown Round, was raised on May 13, 2021, to secure $150 million. Some of its leading investors are Bain Capital Tech Opportunities, Helion Venture Partners, Richard Braddock, Sparta Group, and Amanpreet Sawhney.

    Date Round Number of Investors Money Raised Lead Investor
    May 13, 2021 Venture Round 1 $150 million Bain Capital Tech Opportunities
    December 11, 2018 Venture Round – $11.5 million –
    July 7, 2015 Series C 5 $30 million Helion Venture Partners
    January 6, 2015 Series B – $5.6 million –
    January 9, 2014 Series A – $4.8 million –
    January 10, 2011 Seed Round – $4.3 million –

    Axtria – Growth

    The cumulative growth rate of Axtria from 2017 to 2021 was 30%. The company’s estimated annual revenue in 2022 was approximately $1.1 billion, with $330,310 per employee. Furthermore, its post-money valuation stood at around $1 billion in 2021, and the employee count grew by 29% last year.

    Axtria – Marketing Strategies

    Axtria markets its business by educating its target audience via podcasts, webinars, videos, blogs, and infographics. It launched a new podcast series, “Life Sciences Leadership Podcast,” in June 2021. The episodes featured the company’s Global Head of Marketing, Jasmeet Sawhney, speaking with subject matter experts on several topics impacting the life sciences sector.

    About The Life Sciences Leadership Podcast

    Moreover, in 2023, Axtria announced the launch of another new podcast series, “Leading Minds,” to delve deep inside the ethos of top life sciences executives, including biotech, consumer health, pharmaceuticals, animal health, medical devices, and related industries.

    Axtria usually releases its podcasts on Apple Podcast, iHeart, Google Podcasts, Spotify, YouTube, Overcast, and Stitcher.

    Axtria – Partners

    Axtria has partnered with the following:

    • AWS
    • Knime
    • SalesForce
    • Snowflake
    • IIT Kharagpur
    • HealthVerity

    Axtria – Awards and Achievements

    Axtria garnered honorable recognitions from leading institutes now and then:

    • Named the Only Leader and Star Performer in Everest Group Life Sciences Operations PEAK Matrix Report in 2022.
    • Named in the New York Business 2021 list of Largest Privately Held Companies by Crain.
    • Recognized for High-Trust, High-Performance Culture by the Great Place to Work Institute for the third consecutive year in 2021.
    • Named in the Most Promising Technology Companies Top 100 List by SiliconIndia in 2019.
    • Ranked on the NJBIZ Fast 50 List for the fifth consecutive year in 2018.

    Axtria – Competitors

    Axtria’s primary competitors are as follows:

    • IQVIA
    • ZS
    • Accenture
    • Fractal Analytics Inc.
    • Palantir Technologies Inc.
    • Mu Sigma Inc.
    • Health Catalyst Inc.
    • Vision33
    • TRIUMF

    Axtria – Future Plan

    As of June 2023, Axtria plans to expand its headcount with 1,000+ data scientists, data engineers, and software developers across its offices in India in the next 8 to 10 months. The company is also preparing for aggressive campus hires in the country in two years.

    FAQs

    What does Axtria do?

    Axtria provides award-winning cloud software and data analytics worldwide to the life sciences industry. The company seamlessly blends information, analytics, and technology on the cloud to help life sciences enterprises gain a completive edge to increase sales, boost patient outcomes and drive business growth.

    Who are the founders of Axtria?

    Jaswinder Chadha and Navdeep Chadha are the co-Founders of Axtria.

    Who are the main competitors of Axtria?

    Axtria’s primary competitors are as follows:

    • IQVIA
    • ZS
    • Accenture
    • Fractal Analytics Inc.
    • Palantir Technologies Inc.
    • Mu Sigma Inc.
    • Health Catalyst Inc.
    • Vision33
    • TRIUMF

  • Benchling: A Cloud-Based Platform for Biotechnology Research and Development

    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 Benchling.

    Biotechnology is leading the most vital scientific revolution worldwide since computing. It’s rewriting life, from the crops we grow to the medicines we take, the food we consume, the household goods we use, and the materials we wear daily.

    And research and development are critical factors in unleashing biotechnology’s potential to transform the world radically. However, not many software solutions have kept up with science. Scientists deserve and are in dire need of advanced technology specifically designed for what they do.

    It’s when Benchling emerged with a robust, high-performance cloud-based platform to transform biotechnology. Science is changing the world, and Benchling aims to change science. Read on to broaden your knowledge about the company, its founders, founding story, products and solutions, business model, funding, partners, growth, and more.

    Benchling – Company Highlights

    Company Name Benchling
    Headquarters San Francisco, California, United States
    Sector Software Development
    Founders Sajith Wickramasekara, Ashutosh Singhal, and Cory li
    Founded In 2012
    Valuation $6.1 billion(2021)
    Website Benchling.com

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

    Benchling – About

    A cloud-based bioinformatics platform, Benchling delivers innovative solutions for biotechnology research and development. The platform is designed to speed up researchers’ experiments and make them more collaborative.

    It serves big and small biotech leaders and innovators at 900+ biotechnology companies, including AGBIOME, ArsenalBio, bit.bio, IGM Biosciences, Beam Therapeutics, Mammoth Biosciences, Bolt Threads, and Verve Therapeutics, developing new medicines, foods, crops, and materials. Over 200,000 scientists across Fortune 500 companies, academic institutions, and startups trust the company.

    Benchling – Industry

    Benchling is a part of the software development industry involving designing, developing, and implementing software applications for various industrial uses. The global software development market is forecasted to grow from $260.79 billion in 2022 to $915.96 billion in 2027, at a growth CAGR of 28.6%.

    The increasing demand for customized applications in several industries is the primary factor driving the growth of the software development market. Leading industry players include Azure, Google Cloud Platform, GitHub, IBM Corporation, Salesforce, and Oracle Corporation.

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    Benchling – Founders and Team

    Sajith Wickramasekara, Ashutosh Singhal, and Cory Li are the Co-founders of Benchling.

    Sajith Wickramasekara

    Sajith Wickramasekara - Co-founder and CEO, Benchling
    Sajith Wickramasekara – Co-founder and CEO, Benchling

    Sajith Wickramasekara went to the Massachusetts Institute of Technology for Electrical Engineering and Computer Science. He worked as Research Assistant at Duke University Medical Center and Liquidia Technologies. Sajith is the co-founder and CEO of Benchling.

    Ashutosh Singhal

    Ashutosh Singhal - Co-founder, Benchling
    Ashutosh Singhal – Co-founder, Benchling

    Ashutosh Singhal completed his B.S. in Computer Science from the Massachusetts Institute of Technology. He interned as a Software Engineer at Google and worked as an Undergraduate researcher at MIT CSAIL. In addition to Benchling, Ashutosh co-founded Hotspots.io. Moreover, he is an ex-Software Engineer of Twitter and the current President of Benchling.

    Cory Li

    Cory Li - Co-founder, Benchling
    Cory Li – Co-founder, Benchling

    Cory Li earned a B.S. degree in Computer Science from the Massachusetts Institute of Technology. He interned as a Software Engineer at Venuetastic and co-founded Benchling. Cory held Benchling’s co-founder position till 2015. Currently, he is the CEO at Spellbrush.

    Benchling is a 900+ person team.

    Benchling – Startup Story

    Benchling was founded by Sajith Wickramasekara, Ashutosh Singhal, and Cory Li in 2012 at MIT when they realized the need for modern technology and tools to enable their scientific research. At that time, not much software was available to support biological research. As a result, scientists used to record their output in spreadsheets and paper lab notebooks, making collecting and referring back to data difficult.

    Therefore, the co-founders created their software, Benchling, while keeping modern science and collaboration in mind. After incorporating the company, Sajith recruited a team with software and biology backgrounds.

    Its move into early development was enabled by three innovations in 2021. The company launched the Benchling Validated Cloud solution in January 2021, expanded its Workflow application, and launched structured templates. Benchling made an open-source library of lab instruments and data converters available to the scientific community for free.

    Benchling – Mission and Vision

    Benchling’s mission is to unlock the power of biotechnology by supporting customers in getting their breakthrough products to market and milestones faster.

    Benchling – Business Model

    Previously scientists used tools that took about 24 hours to hunt down information across scattered sources. Benchling brought down that time to 10 seconds. The cloud-based unified platform for scientific data enables customers to design DNA while following the approach in three axes- automation, centralization, and standardization.

    With centralized data in one location, standardized data conforming to a pre-defined data shape, and automated data capturing as experiments are performed, Benchling unlocks the ability to answer scientists’ new unanswerable questions. Moreover, the platform leverages machine learning to automatically identify bottlenecks in the research and development process and generate scientific analysis.

    Benchling – Revenue Model

    Benchling offers multiple packages for industry, startups, and academics.

    For Industry, the company allows subscribing to ‘Starter,’ ‘Essentials,’ ‘Performance,’ and ‘Benchmark’ packages. When it comes to Startups, it provides a ‘Benchling for Startups’ package. And ‘Academics’ package allows users to join a community of 200,000+ scientists for free.

    Benchling – Products and Services

    Bechling’s product line includes a wide range of offerings:

    • The Benchling R&D
    • Cloud
    • Notebook
    • Registry
    • Inventory
    • Molecular Biology
    • Workflows
    • Studies
    • Validated Cloud
    • Benchling for Lab Automation
    • Configuration

    Furthermore, the company’s solutions comprise Biopharmaceutical, Antibodies and Proteins, Industrial Biotech, Agritech, Cell and Gener Therapy, RNA Therapeutics, and Bioprocess and Bioanalytical Development.

    Benchling – Challenges Faced

    A decade ago, most investors were not excited about biotechnology and, thus, were not scrambling to fund digital notebooks in the cloud, making Benchling’s initial days difficult.

    Benchling – Funding and Investors

    Benchling has undertaken 8 funding rounds and raked $411.9 million. Its latest funding round – Series F Round, was conducted on November 17, 2021, and secured $100 million. 22 investors fund the company, including Lone Pine Capital, Franklin Templeton Investments, Altimeter Capital, Sequoia Capital Global Equities, and Alkeon Capital.

    Date Round Number of Investors Money Raised Lead Investor
    November 17, 2021 Series F 4 $100 million Franklin Templeton Investments, Altimeter Capital
    April 14, 2021 Series E 12 $200 million Sequoia Capital Global Equities
    May 28, 2020 Series D 7 $50 million Alkeon Capital
    July 24, 2019 Series C 5 $34.5 million Menlo Ventures
    June 14, 2018 Series B 3 $14.5 million Benchmark
    October 3, 2016 Series A 2 $7 million Thrive Capital
    April 16, 2015 Seed Round 5 $5 million Andreessen Horowitz
    February 20, 2014 Seed Round 2 $900K –

    Benchling – Mergers and Acquisitions

    Benchling acquired Overwatch Research on February 24, 2022.

    Benchling – Growth

    In April 2021, Benchling recorded triple-digit annual recurring revenue (ARR) growth for the fourth year. A few months later, in November 2021, the company reportedly grew approximately 400% over the last 4 years. It doubled its headcount from 2020 to 2021 with 500+ employees and its post-money valuation stood at $6.1 billion in 2021.

    As of 2022, Benchling is estimated at $100+ million ARR, growing approximately 100% and with 169% net retention. Moreover, its annual revenue in 2022 was around $280.2 million.

    Benchling – Marketing Strategies

    Now that scientific R&D is incredibly complex, product demos are the best way to familiarize Benchling’s market with the idea of using software to simply R&D. Therefore, Benchling developed a Webinar content marketing strategy. The company now runs 3-4 webinars each quarter. The webinars rank among Benchling’s top three channels for account engagement in 2022.

    Benchling for Academics: Company Overview and Demo

    Benchling – Partners

    Here is the list of Benchling’s partners:

    • Astrix
    • Celito
    • DigitalRadius
    • ITWorx
    • Karechem Consulting
    • Sware
    • Zifo
    • Wega
    • Propharma

    Benchling – Awards and Achievements

    Benchling received many accolades from renowned institutions:

    • Best Workplaces 2021 by Inc.
    • 2021 Tell Award
    • Named among the Best-Led Companies of 2021 by Inc.
    • Recognized as one of the Best Midsize Companies to Work for in the Bay Area 2021 by Built In.
    • America’s Best Startup Employers 2021 by Forbes.

    Benchling – Competitors

    Some main competitors of Benchling are as follows:

    • SciNote, LLC
    • LabWare
    • LabVantage Solutions
    • Labguru

    FAQs

    What does Benchling do?

    A cloud-based bioinformatics platform, Benchling delivers innovative solutions for biotechnology research and development. The platform is designed to speed up researchers’ experiments and make them more collaborative.

    Who are the founders of Benchling?

    Sajith Wickramasekara, Ashutosh Singhal, and Cory Li are the Co-founders of Benchling.

    Who are the main competitors of Benchling?

    Some main competitors of Benchling are as follows:

    • SciNote, LLC
    • LabWare
    • LabVantage Solutions
    • Labguru

  • Axonius: A Cybersecurity Asset Management 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 Axonius.

    Cybersecurity asset management refers to the company’s capability to conduct and maintain an accurate inventory of each cyber-enabled technology, including software and hardware. It involves identifying the computerized systems in an industrial control environment and proactively managing additions, removals, and alterations to those devices.

    Historically, asset management looked at network traffic or attempted to assign an agent to everything, leaving enterprises drowned in data. Compared to the rivals targeting the cybersecurity asset management market, Axonius, a US-based company, has a different approach to delivering services.

    It focuses solely on bringing data together from a customer’s existing infrastructure and controls instead of deploying something new. From Axonius’s founders and startup story to growth, learn more about the company in this article.

    Axonius – Company Highlights

    Company Name Axonius
    Headquarters New York City, New York, United States
    Sector Cybersecurity
    Founders Dean Sysman, Ofri Shur, and Avidor Bartov
    Founded In 2017
    Valuation $2.6 billion (2022)
    Website Axonius.com

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

    Axonius – About

    Axonius is the cybersecurity asset management platform providing enterprises with a suite of asset inventory, uncovers gaps, and automatically validates and enforces security policies. The New York-based company covers millions of assets for companies worldwide, including user accounts, devices and cloud assets, and SaaS applications.

    Axonius – Industry

    Cybersecurity is a method used to protect networks, systems, and programs from digital attacks. The global cybersecurity market size was $221.72 billion in 2022 and is forecasted to reach $657.02 billion in 2030.

    The rapid growth of security solutions across all industries during the Covid-19 pandemic led to market growth. In addition, the integration of technologies, including the Internet of Things (IoT), Cloud, and Machine Learning (ML), is another leading factor driving the growth of the cybersecurity industry.

    Besides Axonius, Cisco Systems, Microsoft Corporation, IBM Corporation, Fortinet, Inc., and Palo Alto Networks, Inc. are key companies in the industry.

    Size of Cybersecurity market Worldwide
    Size of Cybersecurity market Worldwide

    Axonius – Founders and Team

    Dean Sysman, Ofri Shur, and Avidor Bartov co-founded Axonius in 2017.

    Dean Sysman

    Dean Sysman - Co-founder and CEO, Axonius
    Dean Sysman – Co-founder and CEO, Axonius

    Dean Sysman attended the University of Haifa for BSc in Computer Science. He is the ex-co-founder and CTO of Cymmetria. Currently, he is the Official Member of the Forbes Technology Council and Fast Company Executive Board.

    Sysman is working as the CEO and Co-founder at Axonius. Moreover, he is an investor in various startups, including NeoWise, Ramp, Torq, NextSilicon, and Salt Security.

    Ofri Shur

    Ofri Shur - Co-founder and CTO, Axonius
    Ofri Shur – Co-founder and CTO, Axonius

    Ofri Shur completed BSc in Mathematics and Physics from The Hebrew University of Jerusalem. He has worked as Head of the Research Section at IDF and CTO at KayHut. Shur Co-founded Axonius and holds the position of CTO.

    Avidor Bartov

    Avidor Bartov - Co-founder and Chief Architect, Axonius
    Avidor Bartov – Co-founder and Chief Architect, Axonius

    Avidor Bartov completed his BSc in Computer Science from The Open University of Israel. He held the position of Web Penetration Tester at BugSec and Research Team Leader at Israel Defense Forces. Bartov is the Chief Architect and Co-founder of Axonius.

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    Axonius – Startup Story

    The co-founders of Axonius, Dean Sysman, Ofri Shur, and Avidor Bartov, met while serving in an intelligence unit of the Israeli military and incorporated the company in June 2017. When working at another cybersecurity startup, a huge U.S. company contacted them and asked for baking off a deception product. After deploying the solutions, Sysman, Shur, and Bartov found that an active group of Chinese hackers was trying to install a code on their decoy.

    However, the U.S. company refused to take action by saying they didn’t understand this part of the network well. It said that their I.T. team would open a ticket and use the tools to manage endpoints to install that software. But the company wasn’t aware of the exact tool. Sysman tried to find the tool from the list of about 20+ tools provided by the company. However, they couldn’t find it. He asked the company about their number of devices, but it couldn’t provide exact figures.

    It’s when Sysman started asking every CISO and CIO about how many devices they have, but everyone used to say they didn’t know or provide a wide range. It’s when Sysman realized the network is dynamic and, thus, came up with the idea of Axonius to solve the asset management challenge for cybersecurity.

    Axonius launched a new business unit named ‘AxoniusX’ on June 16, 2021, to create more avenues of growth via innovation. In October 2021, it expanded into the Asia-Pacific (APAC) region and unveiled the Axonius SaaS Management solution in January 2022. The company completed two prototype projects for the U.S. Department of Defense (DoD) in March 2023, and two months later, Axonius released Axonius 5.0.

    Axonius employs approximately 620 employees.

    Axonius – Mission and Vision

    Axonius’s mission is GROWTH, in which ‘G’ stands for Grow, ‘R’ for Relentlessly Pursue Truth, ‘O’ for Ownership, ‘W’ for Win, ‘T’ for Team, and ‘H’ for Humility.

    Axonius – Business Model

    With solutions for SaaS management and cyber asset attack surface management (CAASM), Axonius is deployed within a few minutes and correlates asset data from existing solutions to provide an up-to-date inventory uncovers security solutions gaps, and automates response actions.

    The company gives I.T. and security teams the confidence to control complexity by navigating risks, mitigating threats, decreasing incidents with automated response actions, and informing business-level strategy. With Axonius, IT and security teams can save time by moving away from reactive, disruptive day-to-day firefighting and focusing on the bigger picture.

    Axonius – Products and Services

    Axonius platform offers multiple functionalities, including Cybersecurity Asset Management, SaaS Management, Cyber Asset Inventory, Cyber Asset Attack Surface Management, Cloud Asset Compliance, and Policy Enforcement.

    Axonius – Funding and Investors

    Axonius has undertaken 7 funding rounds and raised $665 million. The company’s latest funding round – Series E Round, was conducted on March 8, 2022, and raised $200 million. Around 18 investors back Axonius, including ICONIQ Growth, Alta Park Capital, Alkeon Capital, Own Rock Capital, Lightspeed Venture Partners, and Accel.

    Date Round Number of Investors Money Raised Lead Investor
    March 8, 2022 Series E 10 $200 million Accel
    March 9, 2021 Secondary market 4 $270 million –
    March 1, 2021 Series D 6 $100 million Stripes
    March 31, 2020 Series C 7 $58 million Lightspeed Venture Partners
    August 27, 2019 Series B 6 $20 million OpenView
    February 12, 2019 Series A 6 $13 million Bessemer Venture Partners
    September 6, 2017 Seed Round 4 $4 million YL Ventures

    Axonius – Growth

    In 2021, Axonius achieved 132% year-over-year growth in annual recurring revenue in the first half. The company expanded to 8 new countries, which increased its international ARR by 230%. Moreover, its team and customer base increased by about 50% over the past year.

    Axonius’s post-money valuation increased more than two times to $2.6 billion in March 2022 and the employee count increased by 52%.

    Axonius – Marketing Strategies

    Axonius launched many marketing campaigns, of which some miss and some succeed. In May 2021, the company launched a ‘CYBERFST‘ marketing campaign that features multiple sessions, technology demos, music, networking with peers, celebrities, sarcasm, and surprises. But the campaign failed because it was too ambitious.

    Axonius - CYBRFST
    Axonius – CYBRFST

    Furthermore, since Axonius received many industry recognitions in 2021, it came up with blogs and press releases touting its awesomeness. Awards with effective content strategy showed external validation to potential customers and employees.

    Axonius – Partners

    Axonius has partnered with the following renowned channel programs and professional services partners:

    • 443 Technologies
    • Alta Technologia
    • Artha Mitra Interdata
    • Ascent Global
    • ePlus
    • CloverIT
    • Ignition Technology
    • Netpoleon
    • CISCO
    • Okta
    • AWS
    • ServiceNow

    Axonius – Awards and Achievements

    Axonius is cited as one of the fastest-growing cybersecurity startups, with accolades from Fortune, Forbes, and CNBC.

    • Named as 2023 Best Workplaces by Inc. Magazine for the second consecutive year
    • Earned a 5-Star Rating in the 2023 CRN Partner Program Guide for a third consecutive year
    • Ranked 3 on the 2022 Deloitte Technology Fast 500
    • Named to the 2022 Forbes Cloud 100
    • Named on the 2022 Women of the Channel List by CRN
    Cybersecurity Asset Management and SaaS Management

    Axonius – Competitors

    Axonius is ranked 3rd among 228 active competitors.

    • SAFE
    • ZenGRC
    • IBM OpenPages
    • Balbix Security Cloud
    • Panaseer Platform
    • Armis
    • ForeScout
    • AppOmni

    FAQs

    What does Axonius do?

    Axonius is the cybersecurity asset management platform providing enterprises with a suite of asset inventory, uncovers gaps, and automatically validates and enforces security policies.

    Who are the founders of Axonius?

    Dean Sysman, Ofri Shur, and Avidor Bartov co-founded Axonius in 2017.

    Who are the main competitors of Axonius?

    Below are the main competitors of Axonius –

    • SAFE
    • ZenGRC
    • IBM OpenPages
    • Balbix Security Cloud
    • Panaseer Platform
    • Armis
    • ForeScout
    • AppOmni

  • Automattic: Leading Open-Source CMS Provider

    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 Automattic.

    With almost every company adopting digital transformation initiatives and growing demand for e-commerce websites, the global market for web development services is increasing exponentially. Web development services include creating websites hosting, and maintaining them.

    Initially, people considered publications and journalism as the only legitimate news sources. But Matt Mullenweg saw the potential of blogging ahead of time and, thus, came up with Automattic. The company develops software that provides everyone with web development and hosting services.

    In this article, we’ll break down Automattic to find out its startup story, founders, funding, partners, growth, challenges, business model, and more.

    Automattic – Company Highlights

    Company Name Automattic
    Headquarters San Francisco, California, United States
    Sector Web Development Software
    Founders Matt Mullenweg
    Founded In 2005
    Valuation $7.5 billion (2022)
    Website Automattic.com

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

    Automattic – About

    Automattic Inc. provides web development services. It’s a parent company of content management system provider WordPress. The open-source CMS powers approximately 455 million websites worldwide and sees 20 billion page views monthly.

    Moreover, Automattic’s e-commerce platform, WooCommerce, backs over a quarter of the top 10 million e-commerce sites. Facebook, Microsoft, Spotify, and Salesforce are some of the company’s top customers.

    Automattic – Industry

    Web development is about designing and developing websites and software for individuals and companies in multiple industries. The industry’s global market size is anticipated to grow from $60.71 billion in 2022 to $96.75 billion in 2028, with a CAGR of 8.08%.

    Covid-19 forced all industries to go digital, which resulted in market growth. With more and more companies operating via e-commerce platforms, the demand for web development and hosting services has surged significantly. Automattic, Classic Informatics, Simform, Iflexion, OpenGeeksLab, SPEC INDIA, and Powercode are major players that captured the web development market.

    Automattic – Founders and Team

    Matt Mullenweg - Founder and CEO, Automattic
    Matt Mullenweg – Founder and CEO, Automattic

    Matt Mullenweg is the Founder of Automattic Inc. He is an American entrepreneur and web developer who attended the University of Houston. Currently, Mullenweg is the Board Member at ecoAmerica and the New Museum of Contemporary Art. In addition, he holds the position of Lead Developer at WordPress and CEO at Automattic Inc.

    Automattic Inc. is a globally distributed company with a team of 2,000+ employees in 84 countries, speaking over 90 languages.

    Automattic – Startup Story

    When working at CNET, Mullenweg also worked on WordPress. During that time, he noticed that the company owned a handful of domains from their acquisitions, and ‘online.com’ was one of them. According to Mullenweg, it was perfect for developing a more accessible version of WordPress, allowing users to start a blog in just a few clicks without any coding.

    However, just like the entire industry, CNET didn’t see the potential in blogging and, thus, was not on board with Mullenweg’s idea. Mullenweg was determined and quit his job after wrapping up his projects with CNET. He incorporated a new startup named Automattic alongside with few of his fellow WordPress developers.

    When working at CNET, Mullegweg discovered that the platform used to battle with spam bots on sites that allowed comments. And this is what led to his company’s commercial product, ‘Akismet,’ a spam filter that could be used for WordPress and other blogging software.

    Automattic was officially launched in 2005, with Akismet as its first product. In September 2010, Automattic transferred the WordPress trademark and control over bbPress and BuddyPress to the WordPress Foundation. Moreover, in November 2016, Automattic managed the launch and development of the .blog gTLD via a subsidiary company (Knock Knock, WHOIS There).

    Automattic – Mission and Vision

    Automattic aims to make the web better. It is committed to diversity, equity, and inclusion, with a common goal of democratizing publishing and commerce to enable every individual with a story to tell it, anyone with a product to sell it, regardless of gender, language, income, politics, or where they live across the world.

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    Automattic – Business and Revenue Model

    Now that starting a WordPress site is completely free, Automattic generates five main revenue streams:

    WordPress Plans

    WordPress.com has a freemium version, but users can subscribe to three premium plans to gain more control over WordPress sites. With paid WordPress plans, users can create a higher-quality website.

    VIP

    Automattic offers a subscription-based model with monthly VIP hosting plans starting at $15,000.

    Premium Themes

    Users can choose free and premium themes provided by WordPress and other third-party companies. Automattic earns profits or commissions from each theme sold.

    Advertisements

    Automattic also earns money through the free plan of WordPress by selling advertisements on websites.

    Revenue from Other Sources

    Apart from WordPress, Automattic also generates revenue via:

    Premium Plugins

    Automattic charges for Jetpack, Akismet, Polldaddy, WooCommerce, and many other premium plugins.

    Referral

    Affiliate marketing is another revenue source for Automattic. The company links to the WordPress hosting providers on its sites and earns a commission when a referred individual purchases the site.

    Guided Transfer

    The one-time fee for guided transfers is C$169.00 per blog.

    Automattic – Products and Services

    Automattic provides blogging services such as VIP hosting and a VIP support program. Its most notable offerings include WordPress VIP, Jetpack, Longreads, Simplenote, Tumblr, The Atavist, Crowdsignal, Pocket Casts, and more.

    Automattic – Challenges Faced

    One major challenge that Automattic faced during the initial phase of incorporation was that it created a commercial counterpart to an open-source project that could be used and modified for free. People were quite apprehensive about the idea.

    The company’s second challenge was when it launched, and its first employee resided in Ireland. It’s when Automattic’s employees worked from Vermont and Texas while Mullenweg was in San Francisco. Since the idea of remote work was not mainstream, people couldn’t see this work model as a productive one.

    10 Years of Automattic

    Automattic – Funding and Investors

    Automattic has undertaken 12 funding rounds and raised $985.9 million. The company’s latest funding was conducted on February 17, 2021, and raised $288 million from a Venture Series Unknown. Avant Global, BlackRock, Schonfeld Strategic Advisors, ICONIQ Capital, Alta Park Capital, Insight Partners, and True Ventures are some of the 28 investors that fund Automattic.

    Date Round Number of Investors Money Raised Lead Investor
    February 17, 2021 Venture Round 7 $288 million Alta Park Capital, BlackRock
    May 15, 2020 Secondary Market 1 – –
    December 11, 2019 Venture Round – $80.6 million –
    September 19, 2019 Series D 17 $300 million Salesforce Ventures
    May 5, 2014 Series C 5 $160 million Insight Partners
    September 17, 2013 Secondary Market 2 $75 million Tiger Global Management
    May 24, 2013 Secondary Market 1 $51.7 million Tiger Global Management
    May 3, 2012 Venture Round 1 – –
    March 22, 2011 Secondary Market 1 – Akkadian Ventures
    January 1, 2008 Series B 4 $29.5 million Polaris Partners

    Automattic – Mergers and Acquisitions

    Automattic acquired 25 organizations:

    Company Announced Date
    Social Image Generator September 8, 2021
    Frontity August 30, 2021
    Pocket Casts July 16, 2021
    Day One June 14, 2021
    ZBS CRM August 16, 2019
    Tumblr August 12, 2019
    Prospress May 23, 2019
    Atavist June 21, 2018
    WooThemes May 19, 2015
    Code For The People November 6, 2014
    Longreads April 4, 2014
    PollDaddy November 15, 2008
    Intense Debate September 23, 2008
    Gravatar October 18, 2007

    Automattic – Growth

    The annual revenue of Automattic in 2022 was approximately $155 million. The company’s post-money valuation grew from $3 billion in 2019 to $7.5 billion in 2022.

    Automattic – Partners

    Automattic has partnered with 14 companies with 8 technology and 6 channel partners. Here listed are its leading partners:

    • Cloudflare
    • Facebook
    • Flipboard
    • 10up
    • Human Made
    • Alley Interactive
    • inSourceCode
    • Oomph
    • Range
    • Voce Communications

    Automattic – Awards and Achievements

    Automattic is honored with several awards and recognitions and some of these are:

    • Best Practice Institute research and analysis certified Automattic as the Most Loved Workplace in 2022.
    • In 2016, Matt Mullenweg received the 21st Heinz Award for Technology, the Economy, and Employment category.
    • Awarded prestigious Coveted Spot on Forbed Cloud 100 list in 2014.

    Automattic – Competitors

    Major competitors of Automattic are as follows:

    • Squarespace
    • Wix.com
    • Shopify
    • Acquia
    • Bluehost
    • Jimdo
    • Tumblr
    • UpCloud
    • ServerGuy
    • WebhostUK

    Automattic – Future Plan

    Automattic wants 85% of the world’s sites to be powered via its open-source content managing system.

    FAQs

    Who is the CEO of Automattic?

    Matt Mullenweg is the founder and CEO of Automattic.

    What does Automattic do?

    Automattic Inc. provides web development services. The open-source CMS powers approximately 455 million websites worldwide and sees 20 billion page views monthly. Moreover, Automattic’s e-commerce platform, WooCommerce, backs over a quarter of the top 10 million e-commerce sites.

    Who are the main competitors of Automattic?

    Major competitors of Automattic are as follows:

    • Squarespace
    • Wix.com
    • Shopify
    • Acquia
    • Bluehost
    • Jimdo
    • Tumblr
    • UpCloud
    • ServerGuy
    • WebhostUK

  • Away: A Luggage and Travel Accessories Retailer

    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 Away.

    When buying new luggage, you might be overwhelmed with many choices in colors, styles, features, and sizes. You want not only stylish luggage or accessories but also functional and durable ones to have an amazing travel experience.

    It’s when you can go for Away’s products. The company made waves for its gorgeous, durable, high-performing travel luggage and bags, endorsed by the coolest folks on social media.

    Read on to learn more about Away, its founders, products, funding, startup story, business model, growth, future plan, and more.

    Away – Company Highlights

    Company Name Away
    Headquarters New York City, New York, United States
    Sector Retail
    Founders Steph Korey and Jen Rubio
    Founded In 2015
    Valuation $1.4 billion (2019)
    Website Awaytravel.com

    Away – About
    Away – Industry
    Away – Founders and Team
    Away – Startup Story
    Away – Mission and Vision
    Away – Business and Revenue Model
    Away – Products and Services
    Away – Challenges Faced
    Away – Funding and Investors
    Away – Patents and Trademarks
    Away – Growth
    Away – Marketing Strategies and Social Media Presence
    Away – Partners
    Away – Awards and Achievements
    Away – Competitors
    Away – Future Plan

    Away – About

    Away is a modern lifestyle brand that intends to transform travel experiences. The company is a retailer of luggage and travel accessories. With physical stores across Austin, Houston, London, Boston, Dallas, Chicago, San Francisco, Seattle, Toronto, Los Angeles, San Jose, and New York, Away has shipped millions of products to around 40 countries.

    Away – Industry

    The global retail market size is projected to reach $38.71 trillion in 2026 from $26.33 trillion in 2022 at a CAGR of 10.1%. the retail market consists of selling goods to ultimate users by shipping products in convenient quantities and locations. When classifying by type, the global retail market is segmented, from motor vehicles, travel, apparel, food, and beverage, to electronics, furniture and home furnishings, and healthcare.

    Away operates in the travel retail market catering directly to end consumers. And this retail market segment is estimated to grow from $60.72 billion in 2023 to $175 billion by 2030. It’s the Covid-19 pandemic that impacted the growth of the travel retail market to a great extent. However, the increasing number of national and internal travelers post-pandemic is projected to drive market growth over the forecast period.

    Global Travel Retail Market Size
    Global Travel Retail Market Size

    Some key players in the industry are Lagardere Travel Retail, DFS Group Ltd., Dufry AG, Aer Rianta International, Away, and King Power International Group.

    Away – Founders and Team

    Steph Korey and Jen Rubio are the co-founders of Away.

    Steph Korey

    Steph Korey - Co-founder, Away
    Steph Korey – Co-founder, Away

    Steph Korey went to Brown University for B.A. in International Relations and Columbia Business School for MBA. She was the Head of the Supply Chain at Warby Parker and a Merchandise Strategy and Supply Chain Consultant at Casper.

    Korey is the Co-founder of Away and worked as its CEO till 2020. At present, she is an Investment partner at XFactor Ventures.

    Jen Rubio

    Jen Rubio - Co-founder and CEO, Away
    Jen Rubio – Co-founder and CEO, Away

    Jen Rubio is a Digital marketing expert and has worked as Head of Social Media at Warby Parker and Global Head of Innovation at All Saints. Rubio co-founded Away and holds the role of the company’s CEO. Moreover, she is a Trustee at the Whitney Museum of America Art.

    Currently, Away is a team of over 250 employees.

    Away – Startup Story

    Away was launched in 2015 by Steph Korey and Jen Rubio after Rubio’s luggage broke at an airport in Switzerland. Her clothes and toiletries were out of her suitcase and onto the airport floor. She tapped her suitcase to get it to her next destination. After that, Rubio was hunting for a better suitcase. It’s when she reached out to her former colleague at Warby Parker, Stephanie (Steph) Korey, and the two developed an idea of having a durable hard-shell wheeled suitcase and a built-in battery pack that could charge phones and tablets.

    These women borrowed $150,000 from their family and friends to start the company. They hired an industrial designer and took the luggage’s blueprint to a factory in southeastern China that took a chance on two young women. In 2015, Korey and Rubio visited that factory eight times.

    Away’s first product, a carry-on, shipped for the first time in February 2016. In May 2017, the company expanded into editorial content by launching a podcast called ‘Airplane Mode.’ and, in July, a print and digital travel magazine. Cosmetics bags and fully packable travel bags were launched by Away in 2021. It launched outdoor gear like backpacks and duffels in June 2022 and travel bags for outdoor adventures in July 2022.

    Away – Mission and Vision

    Away aims to create equitable access to the transformative benefits of travel for every individual.

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    Away – Business and Revenue Model

    Away is a direct-to-consumer retailer allowing the company to sell its products directly to the customers without involving third-party distributors or wholesalers. Moreover, the company primarily sells products via e-commerce and has physical stores in several brick-and-mortar locations.

    Away provides suitcases, bags, and accessories built with thoughtful details. The company uses polycarbonate, water-resistant nylon, aluminum, etc., to provide sleek, lightweight, high-performance, and durable products.

    Away – Products and Services

    Away provides travel suitcases, bags, organizers, and accessories.

    Away Website
    Away Website

    Away – Challenges Faced

    Away furloughed nearly 50% of its person staff and laid off 60 employees in 2020. Moreover, the decline in the travel industry leads to a staggering 90% drop in the company’s sales. Moreover, its job posting plummeted 57% since March and Facebook mentions fell 91% in a month.

    Away – Funding and Investors

    Away has undertaken 5 funding rounds and raised $181 million. Its latest funding round – Series D Round, was conducted on May 14, 2019. Lone Pine Capital, Global Founders Capital, Wellington Management, Baillie Gifford, and Forerunner Ventures are some 21 investors who fund the company.

    Date Round Number of Investors Money Raised Lead Investor
    May 14, 2019 Series D 4 $100 million Wellington Management
    June 28, 2018 Series C 3 $50 million Global Founders Capital
    May 19, 2017 Series B 5 $20 million Global Founders Capital
    September 8, 2016 Series A 7 $8.5 million Global Founders Capital
    August 17, 2015 Seed Round 12 $2.5 million Accel, Forerunner Ventures
    January 1, 2015 Pre Seed Round 1 – –

    Away – Patents and Trademarks

    Away is registered with patents primarily in the “Hand Or Travelling Articles” category and has 24 registered trademarks with “Leather and Imitations of Leather,” the popular class.

    Away – Growth

    Away earned annual revenue of $150 million in 2018 and was valued at $700 million. The next year, in 2019 the company’s valuation grew to $1.4 billion. However, revenue dropped to $135 million in revenue in 2020. In 2022, Away’s annual revenue was estimated to be $231.8 million, with $408,768 revenue per employee.

    From a team of 150 in 2018 to 250+ in 2023, the employee count grew by approximately 66.6%.

    Away – Marketing Strategies and Social Media Presence

    Away initially started with an offline content strategy by publishing a book called ‘The Places We Return To.’ The company then sold the book along with gift cards to market the suitcases. With 1,200 copies being sold, the campaign turned out to be a success. Away focuses on a long-term content strategy centering around aspirational and engaging travel experiences rather than a single product.

    Additionally, social media has been intrinsic to the company’s rise. Away is now known as a so-called ‘Instagram brand,’ as it posts followers taken photos of the brand’s luggage in exotic destinations in its Instagram feed.

    Away Co-Founder: Instagram Buzz | Mad Money | CNBC

    Away – Partners

    Away has partnered with Harry’s Ayr, Serena Williams, Global Glimpse, and many other leading brands and creative artists.

    Away – Awards and Achievements

    Away has garnered many prestigious recognitions as it is named:

    • “Breakthrough brand with Ingenious Marketing” by Adweek.
    • “2018 Top 10 Most Innovative Companies” by Fast Company.
    • “50 Most Genius Companies” by TIME.
    • “Top Startups” by LinkedIn.
    • “Next Billion Dollar Startup” by Forbes.

    Away – Competitors

    Away ranks 1st among its 83 competitors. Here listed are direct competitors of the company:

    • RIMOWA
    • Arlo Skye
    • Tumi
    • Coolife
    • Carl Friedrik

    Away – Future Plan

    Away looks forward to brick-and-mortar expansion in 2023 with a few more store openings. The company announced opening a store in Georgetown, Washington, D.C., later this year.

    FAQs

    What is Away about?

    Away is a modern lifestyle brand that intends to transform travel experiences. The company is a retailer of luggage and travel accessories.

    Who are the founders of Away?

    Steph Korey and Jen Rubio are the co-founders of Away.

    Who are the main competitors of Away?

    Here are some direct competitors of Away –

    • RIMOWA
    • Arlo Skye
    • Tumi
    • Coolife
    • Carl Friedrik

  • Avant: Online Credit-First Fintech 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 Avant.

    Over centuries, lending went from formal to informal sectors, but the loan application and obtaining process was still complex and time-consuming. However, with the overall banking industry, lending has also turned digital in the past decade.

    In 2022 the digital lending industry’s global market size was estimated to be $12.6 billion and is projected to grow at a CAGR of 19.4%, valuing $71.8 billion by 2032. With fintech companies offering digital lending platforms, people can now apply for loans and credit cards online following a simple and quick process.

    One such fintech startup is Avant. This Illinois, United States-based online lending platform is recognized for offering safe financial products. Let’s dive in to uncover everything about Avant, its founders, its startup story, its business and revenue model, funding, growth, and more.

    Avant – Company Highlights

    Company Name Avant
    Headquarters Chicago, Illinois, United States
    Sector Financial Technology
    Founders AI Goldstein, John Sun, and Paul Zhang
    Founded 2012
    Valuation $2 billion (2022)
    Website avant.com

    Avant – About
    Avant – Founders and Team
    Avant – Startup Story
    Avant – Mission and Vision
    Avant – Business Model
    Avant – Revenue Model
    Avant – Products and Services
    Avant – Challenges Faced
    Avant – Funding and Investors
    Avant – Mergers and Acquisitions
    Avant – Patents and Trademarks
    Avant – Growth
    Avant – Partners
    Avant – Awards and Achievements
    Avant – Competitors

    Avant – About

    Avant is a credit-first financial technology company offering a full suite of digital financial solutions, including loans and credit cards, to meet customers’ needs, regardless of where they are on their financial journey.

    Serving 49 states in the United States and the United Kingdom, the company has connected approximately 3 million customers to $9 billion in loans and 1 million credit cards.

    Avant – Founders and Team

    Al Goldstein, John Sun, and Paul Zhang are the founders of Avant.

    AI Goldstein

    Al Goldstein - Co-founder and Executive Chairman, Avant
    Al Goldstein – Co-founder and Executive Chairman, Avant

    Al Goldstein went to Gies College of Business (University of Illinois Urbana-Champaign) to study BS in Finance and Math. In addition to co-founding Avant, he is the co-founder at Enova International, Pangea Properties, Amount, and StoicLane. Moreover, Goldstein is the Executive Chairman at Avant, Pangea Properties, and Amount and CEO at Enova International and StoicLane.

    John Sun

    John Sun - Co-founder, Avant
    John Sun – Co-founder, Avant

    John Sun studied BS in Finance at Gies College of Business (University of Illinois Urbana-Champaign). He founded SpringCoin and worked as CEO. Furthermore, Sun is the Co-founder of Avant and the Founder and CEO of Spring Labs.

    Paul Zhang

    Paul Zhang - Co-founder and CTO, Avant
    Paul Zhang – Co-founder and CTO, Avant

    Paul Zhang completed BS in Computational Bioengineering at the University of Illinois Urbana-Champaign. He is the ex-Senior Software Engineer of Enova Financial and the ex-Technical Founder of Debteye. Currently, Zhang is the co-founder and CTO at Avant. Moreover, he is the part-time Board Member at Champaign and Angel Investor at Hyde Park Angels.

    With Matt Bochenek as the CEO and Margaret Hermes as the COO, Avant employs 650+ employees, of which 250 are local individuals.

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    Avant – Startup Story

    Avant, also known as AvantCredit, was founded in 2012 to improve the borrowing experience for middle-income consumers. John Sun and Paul Zhang graduated from the Y Combinator startup program in 2012 and looked forward to building their business, Debteye, a platform to help people manage their debt with informed decision-making based on their unique financial situation.

    Since Sun and Zhang had no income, they thought to apply for a personal loan at a traditional brick-and-mortar establishment. Sun found the loan application and obtaining process time-consuming and frustrating. Along with this, Sun and Zhang’s Y Combinator venture inspired them to establish Avant.

    As former interns of AI Goldstein’s Enova, Sun and Zhan grabbed the opportunity of partnering with the Chicago entrepreneur in December 2012. It’s when they built a product to streamline the borrowing process.

    The company issued its first loan in 2013; later, it expanded to the UK in the fall. In April 2015, Avant launched the Avant Institutional Marketplace, enabling institutional investors to buy loans originating from the Avant technology platform.

    The company launched its credit card in 2107. In February 2020, Avant spun off its SaaS financial business unit as a new Amount company.

    Avant – Mission and Vision

    Avant’s mission is to empower its customers with innovative digital solutions designed to help them achieve their financial goals. The company honors its customer’s financial journey by serving their needs with integrity, trust, and transparency.

    Avant – Business Model

    Avant developed proprietary software that uses machine learning technology to mitigate default risk and fraud efficiently. The company provides a fully online experience, allowing customers to apply on Avant’s website and eliminating the need for physical branches.

    Avant’s platform simplifies the borrowing process by conducting bulk employment verification and doing funding over the Internet. Its technology leverages algorithms, machine learning protocols, analytical tools, and standard consumer data to determine a customized rate, amount, and length at which an individual can borrow money.

    Avant – Revenue Model

    Avant offers personal loans ranging between $2,000 and $35,000 at lower possible interest rates. Moreover, it earns revenue by providing credit lines and online banking. The annual membership fee is $39, and the credit limit can range from $300 to $3,000.

    Avant – Products and Services

    Avant offers credit cards and several types of loans, including personal loans, adoption loans, emergency loans, home improvement loans, debt consolidation loans, wedding loans, IVF & fertility loans, and vacation loans.

    Avant Website
    Avant Website

    Avant – Challenges Faced

    Avant agreed to pay $3.85 million to settle the charges of the FTC on April 15, 2019. As per FTC’s (Federal Trade Commission) lawsuit, the company used deceptive loan servicing practices. In addition, Avant violated the Telemarketing Sales Rule and the Electronic Fund Transfer Act.

    Avant – Funding and Investors

    With 13 funding rounds, Avant raised $2.1 billion. On December 7, 2022, the company conducted its latest funding round –Private Equity Round. 20 investors invested in Avant, of which 8 are the lead ones, including Ares Management, WebBank, Pamlico Capital, Balyasny Asset Management, and General Atlantic.

    Date Round Number of Investors Money Raised Lead Investor
    December 7, 2022 Private Equity 1 – Ares Management
    December 7, 2022 Debt Financing 1 $250 million Ares Management
    July 14, 2022 Debt Financing 1 $250 million WebBank
    October 22. 2021 Private Equity Round 1 – Pamlico Capital
    September 29, 2015 Series E 10 $325 million General Atlantic
    April 13, 2015 Debt Financing 2 $400 million Kohlberg Kravis Roberts
    December 4, 2014 Series D 10 $225 million Tiger Global Management
    December 4, 2014 Debt Financing $300 million –
    August 21, 2014 Debt Financing 1 $200 million Jefferies
    July 23, 2014 Series C 1 $75 million Tiger Global Management

    Avant – Mergers and Acquisitions

    Avant acquired 2 companies, Level on April 7, 2021, and ReadyForZero on March 31, 2015.

    Avant – Patents and Trademarks

    Avant is registered with 4 trademarks, and ‘Insurance; Financial Affairs’ is the popular class.

    Avant – Growth

    In 2022, Avant’s annual revenue was estimated to be $134.8 million ($195,330 revenue per employee). Moreover, its credit card users grew by 170% over the past two years. The company was valued at $2 billion in 2022. In 2013, Avant had 90 employees, which increased to 680 in 2023, with 566.6% growth.

    Avant – Partners

    Avant collaborates with distribution, co-brand, funding, and product partners. Recently, the company partnered with Major League Soccer (MLS) and TreeQual.

    Avant – Awards and Achievements

    Avant has been featured in The New York Times, Bloomberg, The Wall Street Journal, TechCrunch, and Fortune. Moreover, the company received multiple honorable awards:

    • Named #6 to Forbes America’s Most Promising Companies list and Next Billion Dollar Startups list in 2015.
    • Inc. Magazine listed co-Founder and CTO Paul Zhang as 30 Under 30.
    • Executive Chairman AI Goldstein received EY Entrepreneur of the Year Midwest award.

    In addition, the company received the Moxie Award for Breakthrough Digital Company of the Year and one of the Top Global Private Companies by AlwaysOn Global.

    Avant CEO Al Goldstein: Big Data Lending | Mad Money | CNBC

    Avant – Competitors

    Some direct competitors of Avant are as follows:

    • Chime
    • OneMain Holdings
    • SoFi
    • Capital One
    • Applied Data Finance
    • The Social Loan Company
    • Prosper Marketplace
    • Lending Club
    • OnDeck

    FAQs

    What does Avant do?

    Avant is a credit-first financial technology company offering a full suite of digital financial solutions, including loans and credit cards, to meet customers’ needs, regardless of where they are on their financial journey.

    Who are the founders of Avant?

    AI Goldstein, John Sun, and Paul Zhang are the founders of Avant.

    How Avant earns revenue?

    Avant earns revenue by providing credit lines and online banking. The annual membership fee is $39, and the credit limit can range from $300 to $3,000.

    Who are the main competitors of Avant?

    Some direct competitors of Avant are as follows:

    • Chime
    • OneMain Holdings
    • SoFi
    • Capital One
    • Applied Data Finance
    • The Social Loan Company
    • Prosper Marketplace
    • Lending Club
    • OnDeck

  • Autograph: An NFT Platform Connecting Celebrities with Fans

    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 Autograph.

    Non-Fungible Tokens (NFTs) contain unique characteristics allowing the icons to monetize these global fan bases innovatively. A McKinsey survey of 2,500 U.S. consumers aged 18-65 in April 2021 states that 0.5% to 1% of U.S. adults purchased a sport NFT. Moreover, Dapper Labs, the official marketplace for NBA and NFL NFTs, has been reported to rake in $100 million.

    With these statistics, it can be easily concluded that sports fans are highly interested in collectibles and look forward to investing in a purely digital collectible.

    However, a poorly executed NFT can tarnish the reputation of celebrities, especially with the always-present moral question of urging their fans to make high-risk purchases. It’s when Autograph comes to the rescue. The company is an integral part of the ever-growing celebrity NFTs.

    Read further to learn about Autograph, how it started, how it does the business, its founders, partners, funding, investors, and growth.

    Autograph – Company Highlights

    Company Name Autograph
    Headquarters Santa Monica, California, United States
    Sector Non-Fungible Tokens
    Founders Tom Brady, Richard Rosenblatt, Josh Payne, and Dillon Rosenblatt
    Founded In 2021
    Valuation $700 million(2022)
    Website Autograph.io

    Autograph – About
    Autograph – Founders and Team
    Autograph – Startup Story
    Autograph – Mission and Vision
    Autograph – Business Model
    Autograph – Revenue Model
    Autograph – Products and Services
    Autograph – Challenges Faced
    Autograph – Funding and Investors
    Autograph – Growth
    Autograph – Social Media Presence
    Autograph – Partners
    Autograph – Competitors

    Autograph – About

    Autograph is an NFT platform headquartered in Santa Monica that brings together the most iconic brands and legendary celebrities in the entertainment, sports, and culture field to create unique digital collections and experiences. The company develops non-fungible tokens to connect celebrities with fans and communities in Web3.

    Autograph – Founders and Team

    Tom Brady, Richard Rosenblatt, Josh Payne, and Dillon Rosenblatt are the co-founders of Autograph.

    Tom Brady

    Tom Brady - Co-founder and Co-chairman, Autograph
    Tom Brady – Co-founder and Co-chairman, Autograph

    He completed a Bachelor of Science from the University of Michigan; Tom Brady has been a professional athlete and Co-founded multiple companies. In addition to Autograph, he co-founded TB12, TB12 Foundation, and BRADY Brand. Moreover, he is the Co-chairman at Autograph and Partner at The Consello Group.

    Richard Rosenblatt

    Richard Rosenblatt - Co-founder and Co-chairman, Autograph
    Richard Rosenblatt – Co-founder and Co-chairman, Autograph

    Richard Rosenblatt completed BSc in Political Science from UCLA in 1991. With his diverse business experience, he founded iMall, Inc and Demand Media. Moreover, he is the ex-Chairman of Intermix Media.

    Currently, Richard is the co-founder of D’Amelio Brands LLC, Adim, Autograph, and Whip Media. In addition, he holds the position of Co-chairman at Autograph and CEO at Whip Media.

    Josh Payne

    Josh Payne - Co-founder, Autograph
    Josh Payne – Co-founder, Autograph

    Josh Payne went to Stanford University for B.Sc. with honors, Stanford University Graduate School of Business for an MBA, and Stanford University School of Engineering for an MS in Computer Science (AI).

    He worked as an Engineer in the founding team of Marlin and at IBM’s Research Department. Payne has co-Founded AccessBell and Autograph.

    Dillon Rosenblatt

    Dillon Rosenblatt - Co-founder and CEO, Autograph
    Dillon Rosenblatt – Co-founder and CEO, Autograph

    Dillon Rosenblatt attended USC Iovine & Young Academy. He interned at Bkstg and worked for Apple Music Business Development and Talent & Business Development team. Before co-founding Autograph, Dillon also founded Tutors. Now he is the co-founder and CEO at Autograph.

    Currently, Autograph’s team involves 70+ legendary technology experts, athletes, entertainers, and artists.

    Autograph – Startup Story

    23-year-old Dillon Rosenblatt envisioned incorporating an Autograph in his bedroom as he collected football and basketball cards in middle school. His “affinity for collecting” resurged when the pandemic hit the world, and his interest in Web 3.0 encouraged him to go with sports NFTs. He got excited about the potential of digital assets. The sports cards he collected in the physical world are now available in digital form.

    Dillon researched and presented the concept to his father, Richard Rosenblatt, CEO of Intermix, which Newcorp and family friend Tom Brady own. He told Tom Brady that this new technology could create a new era of collecting. Both Richard and Tom got excited and signed up as co-founders.

    ESPN and Autograph launched the network’s first NFT collection in April 2022. A few months later, the company introduced a new interactive program named ‘Signature’ in September 2022.

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    Autograph – Mission and Vision

    Autograph’s mission is to connect fans with top celebrities, artists, and athletes through Web3. The company aims to develop an onramp to the space for A-listers to dip their toes into crypto influencing in a highly curated environment. It envisions building the future of fandom.

    Autograph – Business Model

    Autograph is involved in creating unique digital collections for users worldwide. These collections unlock a wide array of utility and rewards, from providing access to content and celebrity-signed merchandise to experiential invites and exclusive events, enabling fans (collectors) to come closer to their idols’ passions, from style to cars and shoes.

    The unique selling point of Autograph is that its NFTs are individually signed. Dillon’s team FedExes iPads loaded with a proprietary app to the company’s celebrities called ‘icons’ or ‘partners,’ who then use the Apple pencil to scrawl their signature. Therefore, collectors receive a far more personalized trophy instead of a mass-produced signed poster.

    Autograph – Revenue Model

    Autograph generates revenue by selling celebrities, athletes, and artists’ NFTs to their fans. In 2021, the company sold 5,000 Tom Brady NFTs for $12 a pop.

    Autograph – Products and Services

    The main offerings of Autograph include non-fungible tokens (NFTs). The company’s first NFTs consisted of icons’ physical and digital collectibles. Its NFTs comprise Preseason Access Collection (Premier and Signed), Mystery Containers, Saw Chapter 1 Collection, and Signature Experiences.

    Autograph – Challenges Faced

    Autograph laid off 33% of its workforce in May 2023, just after letting go of a handful of employees in December 2022 due to market challenges.

    Wayne Gretzky Gold On Ice NFT Collection

    Autograph – Funding and Investors

    Autograph has undertaken 3 funding rounds and raised a total amount of $205 million. The company conducted its latest funding round – Series B Round, on June 19, 2022, and secured $170 million. 9 investors fund Autograph, including Kathryn Haun, Andreessen Horowitz, Nicole Quinn, Balius Partners, and Kleiner Perkins.

    Date Round Number of Investors Money Raised Lead Investor
    Jan 19, 2022 Series B 5 $170 million Andreessen Horowitz, Kleiner Perkins
    September 1, 2021 Venture Round 1 – –
    July 1, 2021 Series A 4 $35 million 01 Advisors, Velvet Sea Ventures

    Autograph – Growth

    In 2022, the estimated annual revenue of Autograph was $16 million ($136,667 revenue per employee). Moreover, its current valuation is $700 million. (January 2022)

    Autograph’s workforce ballooned from 4 in 2021 to 60 people in 2022 and 107 in 2023, with 38% growth. In the first quarter of 2023, the company had 71 employees, resulting in -33% employee count growth. With 4,448 monthly web visits, the company’s web visits growth is -37.61%.

    Autograph – Social Media Presence

    Autograph is gaining much traction on multiple social media channels by selling unique digital memorabilia from celebrities and sports icons.

    Autograph – Partners

    Autograph has partnered with a handful of sports, culture, and entertainment industry partners. Some of these are as follows:

    • DraftKings
    • Tiger Woods
    • Simone Biles
    • Wayne Gretzky
    • Naomi Osaka
    • Tony Hawk
    • Derek Jeter
    • Rob Gronkowski
    • The Weekend
    • Slam
    • SAW

    Autograph – Competitors

    Autograph’s main competitors may include:

    • Candy Digital
    • Sotheby’s
    • Medium Rare
    • Dapper Labs
    • Sorare

    FAQs

    What does Autograph do?

    Autograph is an NFT platform headquartered in Santa Monica that brings together the most iconic brands and legendary celebrities in the entertainment, sports, and culture field to create unique digital collections and experiences. The company develops non-fungible tokens to connect celebrities with fans and communities in Web3.

    Who are the founders of Autograph?

    Tom Brady, Richard Rosenblatt, Josh Payne, and Dillon Rosenblatt are the co-founders of Autograph.

    How does Autograph generate revenue?

    Autograph generates revenue by selling celebrities, athletes, and artists’ NFTs to their fans. In 2021, the company sold 5,000 Tom Brady NFTs for $12 a pop.

    Who are the main competitors of Autograph?

    Autograph’s main competitors include:

    • Candy Digital
    • Sotheby’s
    • Medium Rare
    • Dapper Labs
    • Sorare

  • AppsFlyer: Mastering Mobile Analytics and Attribution

    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 AppsFlyer.

    Apps are a big business, with the global market estimated to grow to $407.31 billion by 2026 with a CAGR of 18.4%. 10 to 15 years back, there was a burgeoning App market driven majorly by the success of the iPhone’s App Store, but the market faced challenges due to limited ways to measure app user engagement and success.

    Not even Google had satisfactory mobile app analytics and attribution solutions. It’s when AppsFlyer came into the picture and revolutionized the market dynamics. AppsFlyer’s leading mobile app analytics and attribution software equip app developers with the information required to understand how to grow and retain their users profitably.

    This article discusses every vital detail about AppsFlyer, from its founders and startup story to funding, products, and growth.

    AppsFlyer – Company Highlights

    Company Name AppsFlyer
    Headquarters San Francisco, California, United States
    Sector Mobile Attribution and Analytics
    Founders Oren Kaniel and Reshef Mann
    Founded In 2011
    Valuation $2 billion (2022)
    Website Appsflyer.com

    AppsFlyer – About
    AppsFlyer – Founders and Team
    AppsFlyer – Startup Story
    AppsFlyer – Mission and Vision
    AppsFlyer – Business Model
    AppsFlyer – Revenue Model
    AppsFlyer – Products and Services
    AppsFlyer – Funding and Investors
    AppsFlyer – Mergers and Acquisitions
    AppsFlyer – Growth
    AppsFlyer – Social Media Presence
    AppsFlyer – Partners
    AppsFlyer – Awards and Achievements
    AppsFlyer – Competitors

    AppsFlyer – About

    AppsFlyer is a SaaS mobile marketing analytics and attribution platform that app developers and advertisers use as a CRM. The company helps users make good decisions for their business and customers with its advanced measurement, fraud protection, data analytics, deep linking, data clean room, engagement, and privacy-preserving technologies.

    It is built on the idea that brands can provide exceptional customer experiences while increasing privacy. With 20 offices worldwide, AppsFlyer offers services to over 80K companies, including Coca-Cola, VISA, Nike, KFC, eBay, Telefonica, and more.

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    Mobile analytics tracks customer behaviour and learns customer behaviours. Here’s a detailed look at how companies use it to improve their app.
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    AppsFlyer – Founders and Team

    Oren Kaniel and Reshef Mann are the co-founders of AppsFlyer.

    Oren Kaniel

    Oren Kaniel - Co-founder and CEO, AppsFlyer
    Oren Kaniel – Co-founder and CEO, AppsFlyer

    Oren Kaniel attended Technion – Israel Institute of Technology to complete BA in Computer Science and Reichman University for MBA. He worked as Software Engineer at Intel and Avaya.

    Moreover, he is the ex-Project Manager of Veraz Networks. Currently, Oren Kaniel is the co-founder and CEO of AppsFlyer.

    Reshef Mann

    Reshef Mann - Co-founder and CTO, AppsFlyer
    Reshef Mann – Co-founder and CTO, AppsFlyer

    Reshef Mann graduated from Technion – Israel Institute of Technology with a BSc in Information Systems. He has been Software Developer at Intel and Software Engineer at SAP and Jajah.

    He also worked at Xsights as Senior Software Engineer and System Architect. At present, he is the Co-Founder and CTO at AppsFlyer.

    AppsFlyer is employed with more than 1,650 employees.

    AppsFlyer – Startup Story

    Around 10 to 12 years back, Oren interned at a Philadelphia-based VC firm when he realized that a company makes decisions without data and data analytics tools. It was when he thought someone needed to solve this issue but couldn’t find even a single independent and unbiased company entirely representing the app developer.

    Oren returned to Israel to develop pure software that allows the ecosystem to work and collaborate. He started working on this technology along with Reshef Mann. It was in 2011 that Oren and Reshef founded AppsFlyer.

    The Microsoft Ventures Accelerator funded the company for the first time. In 2014, AppsFlyer invented a complementary product named OneLink to provide deep linking support for custom media sources.

    It became one of the first members of Fiksu’s Preferred Partner Program for Mobile Ad Campaign measurement in 2015. In February 2018, AppsFlyer opened its head office in San Francisco, and in 2020, the company’s valuation stood at $1.6 billion. AppsFlyer launched a new PC and Console Measurement solution and All-In-One Cost and Revenue Suite ROI360 in 2023.

    AppsFlyer – Mission and Vision

    AppsFlyer’s mission is to enable market innovation. The innovators and creators the company want to empower are app developers, its partners, and the ecosystem as a whole.

    AppsFlyer – Business Model

    AppsFlyer allows app developers and advertisers to manage, analyze, and secure their first-party end-user data while meeting privacy regulations and platform policies. The platform provides valuable insights into marketing campaign performance, scale app installs, and maximize customer LTV using a new standard of privacy-increasing measurement and deep linking solutions.

    Furthermore, the AppsFlyer Software Development kit can be used for Android, iPhone, and Windows Phone apps.

    AppsFlyer – Revenue Model

    AppsFlyer offers three subscription plans– ‘Zero,’ ‘Growth,’ and ‘Enterprise.’ Below is the pricing for all the plans –

    Plan Price
    Zero Free
    Growth 7cents/conversion
    Enterprise Custom

    AppsFlyer – Products and Services

    AppsFlyer products include NativeTrack, OneLink, and AppsFlyer ID, and services include Measurement Suite, ROI Measurement, Marketing Analytics, Predictive Analysis, Incrementality, CX & Deep Linking, Fraud Protection, Audience Segmentation, and more.

    AppsFlyer – Funding and Investors

    AppsFlyer has undertaken 6 funding rounds and raised $293.1 million in total. Its latest funding round – Venture Series Unknown Round, was conducted on November 24, 2020. 12 investors fund the company, mainly General Atlantic, Magma, Goldman Sachs, Salesforce Ventures, Qumra Capital, Pitango, and more.

    Date Round Number of Investors Money Raised Lead Investor
    November 24, 2020 Venture Round 1 – Salesforce Ventures
    January 21, 2020 Series D 7 $210 million General Atlantic
    January 17, 2017 Series C 6 $56 million Qumra Capital
    January 20, 2015 Series B 5 $20 million Eight Roads Ventures
    March 5, 2014 Series A 4 $7.1 million Pitango VC
    September 15, 2012 Seed Round 2 – –

    AppsFlyer – Mergers and Acquisitions

    AppsFlyer acquired Yodas.com in May 2018.

    AppsFlyer – Growth

    The estimated annual revenue of AppsFlyer in the last few years was:

    Year Amount
    2022 $353.2 million
    2020 $200 million
    2019 $150 million

    And the company’s valuation in 2022 stood at $2 billion. Its employee count increased by 10% last year, and monthly web visits growth was 27.53%, with 368,202,335 visits.

    What people think mobile marketers do | AppsFlyer

    AppsFlyer – Social Media Presence

    AppsFlyer markets the brand on leading social media platforms and, thus, has increased visibility in the digital landscape.

    Social Media Platform Followers
    Instagram 4.6K
    LinkedIn 104.8K
    Facebook 54.1K
    Twitter 12.2K
    YouTube 5.37K

    AppsFlyer – Partners

    AppsFlyer has partnered with 304 leading companies, of which 263 are technology partners, and 40 are channel partners. Some of its partners are:

    AppsFlyer – Awards and Achievements

    Here are some awards that AppsFlyer is rewarded with:

    • Data Clean Room won the ‘Marketing Digital Innovation’ Award by Ventana Research
    • MarTech Breakthrough Award for ‘Best Overall Mobile Marketing Company’ in 2022
    • ‘Best Practices Award 2022’ by Frost & Sullivan

    AppsFlyer – Competitors

    Some main competitors of AppsFlyer are as follows:

    • CleverTap
    • Kochava
    • Branch
    • Adjust
    • Google Analytics
    • MoEngage
    • Flurry Analytics
    • Quantum Metric
    • Firebase
    • Semrush

    FAQs

    What does AppsFlyer do?

    AppsFlyer is a SaaS mobile marketing analytics and attribution platform that app developers and advertisers use as a CRM. The company helps users make good decisions for their business and customers with its advanced measurement, fraud protection, data analytics, deep linking, data clean room, engagement, and privacy-preserving technologies.

    Who are the founders of AppsFlyer?

    Oren Kaniel and Reshef Mann are the co-founders of AppsFlyer.

    Who are the main competitors of AppsFlyer?

    Some main competitors of AppsFlyer are as follows:

    • CleverTap
    • Kochava
    • Branch
    • Adjust
    • Google Analytics
    • MoEngage
    • Flurry Analytics
    • Quantum Metric
    • Firebase
    • Semrush

  • Arcadia: A Climate Tech Company Enabling a Zero-Carbon Economy

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

    For almost a half-century, the world has been talking about quitting its addiction to fossil fuels. In 2022, the United States took decisive action via a series of infrastructure bills to begin the energy transition. According to experts, the Federal Sustainability Plan, the Inflation Reduction Act, and the SEC Climate Proposal will reshape the U.S. economy in the coming decades.

    But the dangerous effects of climate change are continuing globally, and energy shocks continue to roil the world. Subsidies and tax credits will not be sufficient to deal with this situation. Energy innovators inventing a distributed, responsive, and carbon-free power system require digital access to the existing network of millions of utility meters deployed at utilities worldwide to develop solutions.

    Arcadia’s climate tech platform enables this new infrastructure with simple software tools to unlock data across utility monopolies. The company integrates this data with APIs under a single roof allowing companies to act on their environmental impact and develop next-generation energy products.

    Read further to uncover more about Arcadia, from its founder and startup story to products, growth, and more.

    Arcadia – Company Highlights

    Company Name Arcadia
    Headquarters Washington, District of Columbia, United States
    Sector Climate Technology
    Founders Kiran Bhatraju
    Founded In 2014
    Valuation $1.5 billion (2022)
    Website Arcadia.com

    Arcadia – About
    Arcadia – Industry
    Arcadia – Founders and Team
    Arcadia – Startup Story
    Arcadia – Mission and Vision
    Arcadia – Business Model
    Arcadia – Revenue Model
    Arcadia – Products and Services
    Arcadia – Funding and Investors
    Arcadia – Mergers and Acquisitions
    Arcadia – Patents and Trademarks
    Arcadia – Growth
    Arcadia – Social Media Presence
    Arcadia – Partners
    Arcadia – Awards and Achievements
    Arcadia – Competitors

    Arcadia – About

    Arcadia is a Washington, D.C.-based climate technology company enabling a zero-carbon economy. It developed a clean energy technology platform to facilitate energy innovators’ and consumers’ easy access to clean energy.

    Moreover, Arcadia’s platform facilitates data and billing integrations across utilities in the United States and aggregates clean energy supply, enabling users to ensure optimal energy control. More than 300 businesses across multiple verticals, from EVs, ESG reporting, and energy cost management to solar and storage, use Arcadia to power their businesses and develop better energy experiences.

    Arcadia – Industry

    Arcadia is running a business in the climate tech market the size of which is projected to reach from $13.8 billion in 2021 to $147.5 billion by 2032, with a CAGR of 24.2% during this period.

    An increasing number of climate issues, like depletion of natural resources, climate change, and rising pollution levels are some of the vital reasons why the climate tech market is growing at a steady pace. Along with Arcadia, Climeworks, GE Hitachi Nuclear Energy, and TerraPower are some key players in the industry.

    Arcadia – Founders and Team

    Kiran Bhatraju is the founder of Arcadia.

    Kiran Bhatraju - Founder and CEO, Arcadia
    Kiran Bhatraju – Founder and CEO, Arcadia

    He attended the University of Pennsylvania for a Bachelor of Arts (B.A.). He has been an ex-Co-Founder and Director of Business Development at American Efficient. Kiran is currently a National Council member of the World Wildlife Fund and a Board Member of AppHarvest. In addition, he is Arcadia’s CEO.

    Arcadia is a team of over 920 technologists, data scientists, and energy nerds, with Kate Hessingsen as the COO.

    Arcadia – Startup Story

    Arcadia’s founder, Kiran, spent his childhood in Appalachia, an area heavily impacted by the coal industry. He always wanted to invent a better energy solution. In 2010, he commenced American Efficient, a company that capitalized on the tailwinds of sustainability, energy source diversification, and utility unbundling so that utilities could change their business practices.

    After four years, Kiran left American Efficient to start Arcadia in 2014. He founded the company to give people an easier way to choose renewable energy. It turns out the United States eagerly wanted a renewable energy alternative at that time. Arcadia matched its first power bill, from a member in Kentucky, with clean wind energy in early 2015. From there, the company has grown to unlock clean energy for customers across all 50 states.

    Arcadia – Mission and Vision

    Arcadia aims to stop climate change by breaking the fossil fuel monopoly. The company’s technology is lighting a cleaner path forward for everyone, including everyday consumers, small businesses, and innovators building the next generation of energy products. It envisions building a 100% decarbonized and decentralized energy future.

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    Arcadia – Business Model

    When a customer joins the Arcadia community to pay his utility bills, the company buys the wholesale ‘Renewable Energy Certificates’ (RECs) from solar developers, tracks the customer’s energy usage, and pays the utility accordingly. The utility, in turn, provides the physical electricity to the registered consumer.

    Now that Arcadia tracks the consumer energy usage, it knows when to retire the REC when usage is matched and applies for the earned credits. Arc democratizes access to data from 9,500+ utility providers in 52 countries to cover more than 95% of America’s residential and commercial utility accounts. The platform can reduce consumers’ energy bills by 5-10% depending on the state regulations, the utility’s original price, and renewable energy tariffs.

    Arcadia – Revenue Model

    Arcadia offers a paid plan to source 100% of customers’ energy from renewable energy sources for $5 each month.

    Arcadia – Products and Services

    Arcadia’s main product includes Arc Platform, which combines data and APIs to build energy solutions. In addition, the company offers Plug, Spark, Bundle, and Source.

    Arcadia – Funding and Investors

    Arcadia has raised a total amount of $495.5 million by undertaking 10 funding rounds. Its latest funding round – Venture Series Unknown, was raised on December 16, 2022, securing $125 million. 34 investors back the company, including Magnetar Capital, Green Investment Group, J.P. Morgan Asset Management, Tiger Global Management, The Drawdown Fund, and more.

    Date Round Number of Investors Money Raised Lead Investor
    December 16, 2022 Venture Round 3 $125 million Magnetar Capital
    May 10, 2022 Series E 11 $200 million J.P. Morgan Asset Management
    September 15, 2021 Series D 13 $100 million Tiger Global Management, The Drawdown Fund
    January 1, 2020 Series C 1 – –
    December 10, 2019 Series C 8 $30 million G2 Venture Partners
    August 15, 2018 Series B 7 $25 million G2 Venture Partners
    February 1, 2018 Debt Financing – $5.5 million –
    June 1, 2017 Series A 4 $6 million Energy Impact Partners
    August 18, 2016 Seed Round 3 $3.5 million BoxGroup Wonder Ventures
    September 1, 2014 Angel Round 6 $500k –

    Arcadia – Mergers and Acquisitions

    Arcadia acquired 4 companies:

    Company Announced Date
    Urjanet May 24, 2022
    iSolar November 2, 2021
    Nanogrid April 22, 2021
    Real Simple Energy March 17, 2021

    Arcadia – Patents and Trademarks

    Arcadia is registered with 3 patents, primarily in the ‘Computing; Calculating’ class.

    Arcadia – Growth

    Arcadia’s platform is battle-tested with 2 million+ utility accounts connected and has processed over $600 million in residential utility bill payments. It delivered 155% YOY organic revenue growth in 2021. Furthermore, the company’s estimated revenue in 2022 was $289.5 million annually ($315,348 per employee).

    In May 2022, its valuation stood at &1.5 billion. Its employee count increased by 46% last year, with a monthly web visits growth rate of 75.51%.

    We’re building the next generation of energy. ❇️

    Arcadia – Social Media Presence

    Arcadia leverages multiple social media platforms to build a zero-carbon future. As a result, the company has gained a lot of traction on these social media platforms:

    Social Media Platform Followers
    Instagram 5.9K
    LinkedIn 23.6K
    Facebook 71K
    Twitter 4.8K

    Arcadia – Partners

    Arcadia has partnered with:

    Arcadia – Awards and Achievements

    Arcadia won Diversity in Business Awards 2022 and was awarded Technology Pioneer by World Economic Forum in 2019.

    Arcadia – Competitors

    Some main competitors of Arcadia are:

    • Aurora Solar
    • Helical Solar Solutions
    • Redback
    • Distributed Energy
    • SunCommon
    • CleanChoice Energy Inc
    • Pionis Energy Technologies LLC

    FAQs

    What does Arcadia do?

    Arcadia is a Washington, D.C.-based climate technology company enabling a zero-carbon economy. It developed a clean energy technology platform to facilitate energy innovators’ and consumers’ easy access to clean energy.

    Who is the founder of Arcadia?

    Kiran Bhatraju is the founder of Arcadia.

    Who are the main competitors of Arcadia?

    Some main competitors of Arcadia are:

    • Aurora Solar
    • Helical Solar Solutions
    • Redback
    • Distributed Energy
    • SunCommon
    • CleanChoice Energy Inc
    • Pionis Energy Technologies LLC

  • Arctic Wolf Success Story: End Cyber Risk with Effective Cybersecurity Solutions

    In this technologically advanced era, new technologies, solutions, and vendors emerge every year. Despite this constant innovation, high-profile breaches are making headlines worldwide. As per a study by Juniper Research, the collective cost of data breaches will reach $5 trillion by 2024.

    In response, enterprises have scrambled to build a better security posture. However, the dizzying range of options leaves resource-constrained IT and security leaders wondering how to protect organizations against cyber risk.

    It’s when Arctic Wolf comes to the rescue. The company is the market leader in Security Operations. Read further to learn everything about Arctic Wolf, its founders, startup story, funding, growth, investors, products, and more.

    Arctic Wolf – Company Highlights

    Company Name Arctic Wolf Networks
    Headquarters Eden Prarie, Minnesota, United States
    Industry Cybersecurity
    Founder Brian NeSmith, Kim Tremblay
    Founded 2012
    Valuation $4.3 billion
    Website arcticwolf.com

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

    Arctic Wolf – About

    Arctic Wolf is a cybersecurity organization that enables customers to manage their cyber risk. The company provides security monitoring to detect and respond to cyber threats faced by businesses in the face of modern cyberattacks.

    The Arctic Wolf Platform monitors on-premises computers, networks, and cloud-based information assets to discover malicious activity like ransomware, malicious software attacks, and cybercrime. Spanning thousands of installations, the company serves over 3,000 large and small enterprises and processes 190 billion+ security events every day.

    Arctic Wolf – Industry

    The cybersecurity industry is flourishing with incredible growth and boundless opportunities. In an increasingly interconnected world, protection from cyber threats has become more crucial than ever. According to MarketsandMarkets, the global cybersecurity market, valued at $173.5 billion in 2022, is projected to reach $266.2 billion by 2027, growing at a CAGR of 8.9%. This rapid expansion highlights the industry’s vital role in combating the ever-changing landscape of cyber threats faced by individuals, businesses, and governments worldwide.

    Arctic Wolf – Founders and Team

    Arctic Wolf was founded by Brian NeSmith and Kim Tremblay in 2012.

    Brian NeSmith

    Brian NeSmith - Co-founder and Executive Chairman, Arctic Wolf
    Brian NeSmith – Co-founder and Executive Chairman, Arctic Wolf

    Brian NeSmith attended the Massachusetts Institute of Technology to complete a Bachelor of Science in Electrical Engineering. He has been the General Manager/Product Manager at Newbridge Networks.

    In addition, he was the President and CEO of Ipsilon and Blue Coat Systems, Inc. Brian co-founded Arctic Wolf Networks and served as the company’s CEO until 2021.

    Currently, he is the Executive Chairman of Arctic Wolf.

    Kim Tremblay

    Kim Tremblay - Co-founder (Former), Arctic Wolf
    Kim Tremblay – Co-founder (Former), Arctic Wolf

    Kim Tremblay graduated from the University of Waterloo with a B. Math, Computer Science. She has been the Project Manager at Virtek Vision International, Inc. In addition, Kim held the roles of Director of Engineering at MKS and VP of Engineering at Blue Coat Systems, Inc. She co-founded Arctic Wolf Networks and served as the company’s SVP of Strategy until 2020.

    Nick Schneider

    Nick Schneider - President and CEO, Arctic Wolf
    Nick Schneider – President and CEO, Arctic Wolf

    Nick graduated from Duke University with a degree in Public Policy and Economics. Before joining Arctic Wolf, he worked as District Manager at Compellent Technologies, Inc. (acquired by Dell), as Sales Manager at Dell, and as President of Sales at Code42.

    Currently, Nick Schneider leads Arctic Wolf as its President and Chief Executive Officer.

    The company is a team of more than 2,000 employees.

    Arctic Wolf – Startup Story

    Arctic Wolf Networks was established in 2011 by network security veterans Brian NeSmith and Kim Tremblay. They both realized the need to address the most critical challenge in security in this modern world, i.e., providing enterprise-class security to companies that typically are not equipped with the security expertise, time, and resources to manage the complicated ecosystem effectively and to protect their networks and sensitive data.

    The company initially built its solutions to target middle-sized companies that don’t have the budget to staff dedicated security teams. But in subsequent years, Arctic Wolf started pitching its products and solutions in larger enterprise markets.

    Arctic Wolf expanded to Toronto and San Antonio in 2020. It launched Artic Wolf Labs and opened its new EMEA (Europe, the Middle East, and Africa) headquarters in New Castle in 2022. And months later, the company expanded its presence to New Zealand. Australia, and South Africa. Furthermore, it launched Cyber JumpStart and OEM Solutions in 2023.

    Arctic Wolf – Mission and Vision

    Arctic Wolf’s mission is to end cyber risk through effective security operations. Its vision is to create a future without cyber risk. Each company should be effective enough at security operations that the likelihood and impact of a cyber attack are reduced to the point where the cyber risk is essentially zero.

    Arctic Wolf – Business Model

    Arctic Wolf takes the operational approach to cybersecurity. The Arctic Wolf platform is built on an open XDR architecture, and it combines with the company’s Concierge Security Model to work as an extension of the client’s team.

    This platform monitors, detects, and responds to security threats 24/7. Moreover, Arctic Wolf provides ongoing risk management and security awareness training to proactively protect the company’s environment while strengthening its security posture.

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    Arctic Wolf – Products and Services

    The Arctic Wolf platform offers several solutions, including Managed Detection and Response, Cloud Detection and Response, Managed Risk, Managed Security Awareness, Cloud Security Posture Management (CSPM), and Incident Response.

    Arctic Wolf – Funding and Investors

    Arctic Wolf has undertaken 9 funding rounds and raised $899.2 million. Its latest funding round – Convertible Note Round, was conducted on October 6, 2022, and raised $401 million. 17 investors fund the company, of which 8 are lead ones, including Neuberger Berman Group, Ontario Teachers’ Pension Plan, Viking Global Investors, Owl Rock Capital, and more.

    Date Round Number of Investors Money Raised Lead Investor
    October 6, 2022 Convertible Note 4 $401 million Owl Rock Capital
    January 6, 2022 Secondary Market 1 – –
    July 13, 2021 Series F 2 $150 million Owl Rock Capital, Viking Global Investors
    October 22, 2020 Series E 2 $200 million Viking Global Investors
    March 11, 2020 Series D 5 $60 million Blue Cloud Ventures, Stereo Capital
    October 25, 2018 Series C 6 $45 million Future Fund
    January 10, 2018 Series B 4 $16 million Bright Pixel (former Sonae IM)
    December 12, 2012 Series B 2 $20 million Lightspeed Venture Partners, Redpoint
    May 1, 2012 Series A 2 $7.2 million Lightspeed Venture Partners, Redpoint

    Arctic Wolf – Mergers and Acquisitions

    Arctic Wolf has acquired 4 companies:

    Acquiree Name Announced Date
    Tetra Defense February 1, 2022
    Habitu8 September 30, 2021
    RANK Software September 8, 2020
    RootSecure December 12, 2018

    Arctic Wolf – Growth

    Arctic Wolf has experienced remarkable growth and success in recent years. In July 2021, the company achieved a valuation of $4.3 billion following a $150 million funding round. In September 2021, Arctic Wolf reported $200 million in annual recurring revenue over the preceding 12-month period. Moreover, the company’s employee count has significantly increased, growing from 1,200 to 1,500 and currently surpassing 2,000, representing a growth percentage of around 35%.

    Arctic Wolf – Partners

    Arctic Wolf has partnered with 19 companies, of which 13 are technology partners and 6 are channel partners. Some of the company’s partners are as follows:

    • SHI International Corporation
    • Wolverhampton Wanderers
    • AWS
    • DextraData
    • Mimecast
    • SentinelOne
    • InterVision
    • Scantron

    Arctic Wolf – Awards and Achievements

    Arctic Wolf has been named in the following:

    • SE Labs Award for Network Detection and Response Capabilities in 2023
    • Forbes Cloud 100 list in 2022
    • Fortune Best Medium Workplaces list in 2022
    • 2022 CNBC Disruptor 50 list
    • Fast Company’s 50 Most Innovative Companies list

    Moreover, the company has been recognized by Great Place to Work Canada as the 2021 Top Workplace in Ontario and Best Workplace for Mental Wellness and Inclusion.

    Arctic Wolf – Competitors

    Here are some of the main competitors of Arctic Wolf:

    • Alert Logic MDR
    • CrowdStrike
    • Sophos
    • Secureworks
    • AaDya Security
    • BlueVoyant

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    Arctic Wolf – Future Plans

    Arctic Wolf plans to have new partner program benefits in 2024 to help its partners create more demand and help the company grow together.

    FAQs

    What does Arctic Wolf do?

    Arctic Wolf is a cybersecurity organization that enables customers to manage their cyber risk. It provides security monitoring to detect and respond to cyber threats faced by businesses in the face of modern cyberattacks.

    When was Arctic Wolf established?

    Arctic Wolf, the cybersecurity company was established in 2012.

    Who is the CEO of Arctic Wolf?

    Nick Schneider is the President and CEO of Arctic Wolf.

    Who are the competitors of Arctic Wolf?

    Some of the main competitors of Arctic Wolf are:

    • Alert Logic MDR
    • CrowdStrike
    • Sophos
    • Secureworks
    • AaDya Security
    • BlueVoyant