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Tag: 📄Company Profiles

  • Articulate: Innovative E-learning Solutions 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 Articulate.

    In the last ten years, E-learning courses have evolved significantly from relatively simple ‘click-next’ PowerPoint-based training to rich interactive learning experiences. Several tools, like Storyline, made it possible for individuals without programming expertise to unleash their creativity in ways that were impossible before.

    Now even newcomers to E-learning can create courses by incorporating more gaming elements, interactive videos, and realistic scenarios to engage modern learners more meaningfully.

    Articulate has emerged as an innovative E-learning solutions provider that removes technological barriers to imagination and creativity. This article will let you know every important detail about Articulate, from its founders, startup story, and funding to investors, growth, business model, and products.

    Articulate – Company Highlights

    Company Name Articulate
    Headquarters New York City, New York, United States
    Sector E-learning
    Founders Adam Schwartz
    Founded In 2002
    Valuation $3.8 billion (2022)
    Website Ariculate.com

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

    Articulate – About

    Articulate is a SaaS training and development platform that develops E-learning software, content, and resources to change how the world learns. The company develops creator tools for creating, distributing, and managing online training courses for learners.

    120,000+ organizations across 172 countries, including all 100 of the Fortune 100, have already curated over 4 million courses using Articulate online training apps.

    Articulate – Industry

    Articulate operates in the E-learning industry. E-learning is typically a mode of delivering knowledge to the learners via electronic modes, like videos, audio, e-books, Artificial Intelligence, Virtual Reality, and other electronic tools. Moreover, e-learning today has become integral to almost every major enterprise as it enhances employees’ knowledge and performance.

    With the global E-learning market size projected to grow from $197,00 billion in 2020 to $840.11 billion by 2030 at 17.5% CAGR from 2023 to 2030, the industry provides plenty of growth opportunities. The rise in remote learning during Covid-19 and higher demand for low-cost, convenient learning systems are two significant factors that boosted the market’s growth.

    In addition to Articulate, Adobe, Blackboard, Coursera, Aptara, and BYJU are some top companies in the E-learning industry.

    Articulate – Founders and Team

    Adam Schwartz - Founder and Executive Chairman, Articulate
    Adam Schwartz – Founder and Executive Chairman, Articulate

    Adam Schwartz is the founder of Articulate and holds the company’s Executive Chairman position. He has been the ex-Advisor of TrueFort and Merida Capital Partners. He is a Board Member at New Frontier Data. In addition, Adam is an active angel investor in 100+ innovative tech companies and serves on the boards of Videolicious, Embedly, and others.

    Articulate is led by Lucy Suros as its CEO, and the company is a team of more than 400 employees.

    Articulate – Startup Story

    Articulate was founded in 2002 by Adam Schwartz with his life savings. The company was started as a plug-in for PowerPoint. Today, it is a software service that enables everyone to deliver training, even if an individual is not a training professional.

    In 2003, it launched Articulate Presenter 3 and Articulate Server. Articulate Studio 1 came to life in 2004, and Articulate Studio in 2005. The company also has the industry’s largest community, i.e., E-learning Heroes, developed in 2012.

    With the launch of Articulate 360 in 2016, Articulate revolutionized the E-learning course development market. In 2020, the company introduced Rise.com, which equips organizations with everything they require to create, track, and manage their online training in a single complete system.

    Articulate – Mission and Vision

    The vision of the company is to empower people to live better lives. Articulate is committed to providing the best value to its customers and doing right by its employees.

    BYJU’S: Successful Journey of India’s Most-Valued Startup!
    This is the story of how Byju Raveendran started BYJU’S and revolutionized the Indian education industry, including BYJU’S funding, news, and more.
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    Articulate – Business Model

    Articulate has two main products. One is a set of tools used by companies building training solutions to connect to an enterprise learning management system. The other product targets small and middle-sized businesses or departments in the enterprise.

    Articulate’s platform enables users to create custom, interactive courses that can work on every device with no manual tweaking. It allows clients to curate E-learning courses for their learning management system.

    Articulate – Revenue Model

    The annual subscription rates of Articulate 360 are- ‘Articulate 360 Teams’ for $1,399 and ‘Articulate 360 Personal’ for $1,099.

    Rise.com offers a ‘Starter Plan’ for $399 per month, a ‘Growth Plan’ for $799 per month, a ‘Midsize Plan’ for $1,299 per month, and a ‘Large Plan’ for $1,999 per month.

    Articulate – Products and Services

    Articulate offers 3 training apps, i.e., Articulate 360 and Rise.com.

    Articulate – Funding and Investors

    Articulate has undertaken only 1 funding round and raised a whopping amount of $1.5 billion. 3 investors fund the company, including Blackstone Accelerates Group, ICONIQ Growth, and General Atlantic.

    Date Round Number of Investors Money Raised Lead Investor
    July 1, 2021 Series A 3 $1.5 billion General Atlantic

    Articulate – Patents and Trademarks

    Articulate has registered with 2 trademarks, and ‘Scientific and Technological Services’ is the most popular class.

    Articulate – Growth

    Articulates’ annual revenue in 2022 was estimated to be $77.3 million ($185,492 revenue per employee). With 40K customers in 2023, the company hit $29.4 million in revenue. Its post-money valuation in 2022 was $3.8 billion. Monthly visits growth of the company’s website is 20.91%, with 4,515,684 visits each month.

    Introduction To Articulate Storyline 360 – A Quick Overview

    Articulate – Social Media Presence

    With core product marketing, customer advocacy, product content, and content marketing, Articulate significantly focuses on social media marketing and, thus, have considerable followers on multiple social media platforms.

    Social Media Platform Followers
    LinkedIn 69.6K
    Facebook 14K
    Twitter 7.5K

    Articulate – Partners

    Articulate has partnered with BlendToLearn, TicTac, Strabeans, and many other technology and channel partners.

    Articulate – Awards and Achievements

    Some of the awards that Articulate received are as follows:

    • Articulate 360 won TrustRadius 2021 Most Loved Product Award
    • Articulate 360 won 2 TrustRadius Awards- ‘Best Customer Support’ and ‘Best Feature Set.’
    • Articulate 360 earned 2 gold medals in the 2022 Brandon Hall Excellence in Technology Awards
    • 2020 Tech Cares Award from TrustRadius
    • People’s Choice Stevie Awards for Favorite New Products 2020 Winner

    Articulate – Competitors

    Below given are some main competitors of Articulate:

    • Lessonly, LLC
    • Brainshark
    • Lectora
    • Tovuti LMS
    • iSpring Suite
    • Adobe Captivate
    • Easygenerator

    Articulate – Future Plan

    In 2023, Articulate is going to introduce a new training application named Reach 360.

    FAQs

    What does Articulate do?

    Articulate is a SaaS training and development platform that develops E-learning software, content, and resources to change how the world learns. The company develops creator tools for creating, distributing, and managing online training courses for learners.

    Who is the CEO of Articulate?

    Lucy Suros is the CEO of Articulate.

    Who are the main competitors of Articulate?

    Below given are some main competitors of Articulate:

    • Lessonly, LLC
    • Brainshark
    • Lectora
    • Tovuti LMS
    • iSpring Suite
    • Adobe Captivate
    • Easygenerator

  • Astranis: A Geostationary Communications Satellite Operator and Manufacturer

    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 Astranis.

    The world’s absolutely insatiable demand for bandwidth is providing a trillion-dollar market opportunity to the organizations operating in the Satellite Internet industry. Many companies strive to build satellite constellations in low-Earth orbit to provide low-cost broadband on Earth.

    However, very few organizations are focusing on the GEO band, where the large legacy communication satellites are operating and orbiting the Earth at a fixed position to provide connectivity to a specific fixed region. Astranis follows the GEO band approach and has become a successful communications satellite designer and developer.

    Going through this article will help you learn more about Astranis, its founders, startup story, products, business model, funding, and more.

    Astranis – Company Highlights

    Company Name Astranis
    Headquarters San Francisco, California, United States
    Sector Satellite Internet
    Founders John Gedmark and Ryan McLinko
    Founded In 2015
    Valuation $1.6 billion(2023)
    Website Astranis.com

    Astranis – About
    Astranis – Industry
    Astranis – Founders and Team
    Astranis – Startup Story
    Astranis – Mission and Vision
    Astranis – Business Model
    Astranis – Products and Services
    Astranis – Challenges Faced
    Astranis – Funding and Investors
    Astranis – Patents and Trademarks
    Astranis – Growth
    Astranis – Partners
    Astranis – Competitors
    Astranis – Future Plan

    Astranis – About

    Astranis Space Technologies Corporation, trading as Astranis, is a private US-based geostationary communications satellite operator and manufacturer. With its offices in Alaska, Peru, and North America, the company builds small, low-cost telecommunications satellites to provide internet access in remote areas.

    Astranis – Industry

    Astranis is operating in the Satellite Internet industry. Talking about satellite internet, it is a wireless network that covers satellite dishes orbiting the Earth. It helps people in remote locations access the internet and up-to-date information.

    The global market size of satellite internet was estimated at $8,231.47 million in 2022 and is projected to grow 13.6% CAGR from 2023 to 2030. Now that satellite internet technology provides users with incredible speed and data, several developing economies like India, Malaysia, Vietnam, and others are rapidly adopting such services resulting in market growth.

    In addition to, Astranis, Inmarsat, Viasat, Intelsat, Iridium Communications, and SpaceX are among the top-performing companies in the satellite internet industry.

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    Astranis – Founders and Team

    John Gedmark and Ryan McLinko are the founders of Astranis.

    John Gedmark

    John Gedmark - Co-founder and CEO, Astranis
    John Gedmark – Co-founder and CEO, Astranis

    John Gedmark is an American entrepreneur who graduated from Purdue University with a BSc and Stanford University with a Master of Science in Aerospace Engineering.

    In addition to Astranis, he co-founded Roosevelt Institute and Commercial Spaceflight Federation. Moreover, he has been an ex-Director of Flight Operations at the X Prize Foundation. Currently, he is the CEO of Astranis.

    Ryan McLinko

    Ryan McLinko - Co-founder and CTO, Astranis
    Ryan McLinko – Co-founder and CTO, Astranis

    Ryan McLinko attended the Massachusetts Institute of Technology for Bachelor’s and Master’s degrees in Aeronautics and Astronautics. He worked as Structural Engineer at TALARIS Google Lunar X PRIZE and Systems Engineer at Sierra Nevada Corporation.

    Moreover, Ryan is Space Frontier Foundation’s ex-Conference Advisor and Planet Labs’s ex-Spacecraft Engineer. At present, he is Astranis’ Co-Founder and CTO.

    Astranis is a team of more than 300 world-class engineers from SpaceX, Boeing, and technology companies like Apple, Skybox, Qualcomm, and Google.

    Astranis – Startup Story

    Astranis was founded in 2015 by John Gedmark and Ryan McLinko based on the idea that small satellites in higher orbits can provide billions of people with cost-effective access to broadband internet.

    It only started in 2016 and was part of the Y Combinator accelerator’s Winter 2016 cohort. It was in 2018 that the company launched a prototype, and in the fourth quarter, Astranis finished the work on its first commercial satellite for a launch on a SpaceX rocket.

    In January 2019, Astranis entered into its first commercial partnership with Pacific Dataport, Inc to triple Alaska’s satellite internet capacity. The company successfully launched the 350 kg satellite on April 30, 2023, onboard a Falcon Heavy in addition to ViaSAT 3 Americas and Gravity Space’s GS-1.

    Astranis – Mission and Vision

    The mission of Astranis is to help 4 billion people who are without internet access get online.

    Astranis – Business Model

    Astranis follows a unique payload technology that allows frequency and coverage flexibility along with maximum use of valuable spectrum. This approach enables the company to build satellites in 12-18 months, five times faster than the competitors.

    Astranis provides bandwidth-as-a-service and unlocks unreachable markets by owning and operating its satellites and offering them to consumers as a turnkey solution. It further allows the company to launch small, dedicated satellites for small to medium-sized nations. Astranis’ all satellites can provide a maximum capacity of 10 Gbps.

    Astranis – Products and Services

    Astranis offers MicroGEO Communications Satellites.

    Astranis – Challenges Faced

    Astranis found it challenging to pack the 20 times larger traditional geosynchronous satellites in the satellites about the size of dishwashers while surviving the harsh radiation environment of that distant orbit.

    Astranis – Funding and Investors

    Astranis has conducted 9 funding rounds and raised a total of $553.5 million. Its latest funding round – Venture – Series Unknown, was led on April 14, 2023, and secured $200 million. 40 investors fund the company, including Andreessen Horowitz, Rising Tide, BlackRock, Sahin Boydas, and Soma Capital.

    Date Round Number of Investors Money Raised Lead Investor
    April 14, 2023 Debt Financing 1 – –
    April 14, 2023 Venture Round 1 $200 million Andreessen Horowitz
    April 14, 2021 Series C 20 $250 million Black Rock
    February 13, 2020 Series B 8 $40 million Venrock
    February 13, 2020 Debt Financing 1 $50 million TriplePoint Capital
    March 1, 2018 Series A 5 $13.5 million Andreessen Horowitz
    June 10, 2016 Seed Round 1 – –
    April 22, 2016 Seed Round 19 – Refactor Capital
    January 9, 2016 Pre Seed Round 9 – Fifty Years

    Astranis – Patents and Trademarks

    Astranis is registered with 3 patents, mainly in the ‘Electric Communication Technique’ category. Moreover, it has 5 registered trademarks, with ‘Scientific and Electric Apparatus’ being the popular category.

    Astranis – Growth

    Astranis earned annual revenue of $77.5 million in 2022, with $277,720 in revenue per employee. Moreover, it was valued at $1.6 billion in 2023. The company’s employee count grew by 25% last year, and monthly web visit growth is 163.8%, with 47 949 monthly visits.

    Keeping Space Secure: our new Space Force contract

    Astranis – Partners

    Astranis has partnered with the following:

    • SpaceX
    • U.S. Department of Defense
    • Aitelecom/APCO Networks
    • Pacific Dataport
    • Microcom
    • Andesat

    Astranis – Competitors

    Astranis is ranked 6th among its 111 active competitors. Some of the company’s primary competitors are:

    • OneWeb
    • Omnispace
    • Orbion Space Technology
    • SES Satellites
    • Kacific Broadband Satellites
    • Inmarsat HawkEye 360

    Astranis – Future Plan

    Astranis plans to launch five satellites, with many more to follow.

    FAQs

    What does Astranis do?

    Astranis is a private US-based geostationary communications satellite operator and manufacturer. It follows the GEO band approach and has become a successful communications satellite designer and developer.

    Who founded Astranis?

    John Gedmark and Ryan McLinko are the founders of Astranis.

    Where is Astranis’s headquarters?  

    Astranis’s headquarters is located in San Francisco, California, United States.

    What is satellite internet?

    Satellite internet is a wireless network that covers satellite dishes orbiting the Earth. It helps people in remote locations access the internet and up-to-date information.

    Who are the main competitors of Astranis?

    Some of Astranis’s primary competitors are:

    • OneWeb
    • Omnispace
    • Orbion Space Technology
    • SES Satellites
    • Kacific Broadband Satellites
    • Inmarsat HawkEye 360

  • ASAPP: The AI Cloud for Contact Centers

    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 ASAPP.

    Customer service is one of the largest divisions within almost every big corporation, often employing tens of thousands of people. However, many consumers still find it a maddening experience. Resolving customer issues can take hours, withhold time, archaic systems, and other delays.

    For instance, many contact centers find it difficult to transfer the information discussed with an agent over the phone when customers want to transition to chatting via the organization’s mobile app instead. Even solutions like online chatbots have proven ineffective in solving many such contact center-related problems.

    It’s the need of the hour for large corporations to become digitally competent in how they interact and deal with their customers. That’s where ASAPP comes in. The company’s AI platform helps contact center agents analyze customer inquiries on any media via speech-recognition software and provide automated replies to the agents.

    This article will provide more information about ASAPP, including its founder, startup story, products, funding, growth, business model, and more.

    ASAPP – Company Highlights

    Company Name ASAPP
    Headquarters New York City, New York, United States
    Sector Contact Centre/Productivity Software
    Founders Gustavo Sapoznik
    Founded In 2014
    Valuation $1.6 billion (2022)
    Website asapp.com

    ASAPP – About
    ASAPP – Industry
    ASAPP – Founders and Team
    ASAPP – Startup Story
    ASAPP – Mission and Vision
    ASAPP – Business Model
    ASAPP – Products and Services
    ASAPP – Funding and Investors
    ASAPP – Patents and Trademarks
    ASAPP – Growth
    ASAPP – Partners
    ASAPP – Awards and Achievements
    ASAPP – Competitors

    ASAPP – About

    ASAPP is the AI cloud company that offers artificial intelligence and machine learning products to deliver automation and human augmentation, allowing companies and individuals to realize their full potential. The largest enterprises in the world rely on ASAPP to deliver efficient and effective customer experiences via their Contact Centers.

    The company has offices in New York, Buenos Aires, Mountain ViewBozeman, SF Bay Area, Ithaca, London, and Bangalore. Among jetBlue, Spectrum, Astound, dish, Assurant, and other companies, ASAPP has helped clients achieve extraordinary results, such as an 86% increase in agent productivity, a 52% reduction in cost per interaction, a 3.2X increase in sales productivity, and more.

    ASAPP – Industry

    ASAPP is operating in the contact center software market. The contact center software market incorporates companies, developers, engineers, AI researchers, designers, and product managers designing and developing software for contact centers to streamline business processes and interacting with customers via real-time call monitoring, assigning customer contacts to agents, analyzing, tracking, and reporting vital metrics.

    Contact center software global market size was estimated to be $42.67 billion in 2022 and is projected to reach $173.9 billion by 2030 with a 19.2% CAGR. With the coronavirus outbreak, call centers worldwide received approximately five times the call volume for a regular day. These huge figures accelerated the invention of advanced AI-powered contact center software.

    Size of the contact center software market worldwide in 2017, 2018 and 2023
    Size of the contact center software market worldwide in 2017, 2018 and 2023

    In addition to ASAPP, Zendesk Talk, Freshdesk, Aircall, RingCentral Contact Center, Convoso, and Dialpad are some of the best call center platforms of 2023.

    ASAPP – Founders and Team

    Gustavo Sapoznik - Founder and CEO, ASAPP
    Gustavo Sapoznik – Founder and CEO, ASAPP

    Gustavo Sapoznik is the Founder and CEO of ASAPP. He graduated from the University of Chicago. Moreover, Goldman Sachs has recognized him as one of the Most Exceptional Entrepreneurs of 2022.

    ASAPP is a team of more than 440 AI Researchers, Designers, Engineers, Product Managers, and Industry SMEs.

    ASAPP – Startup Story

    Gustavo Sapoznik once witnessed a scene while shadowing a call-center agent at a renowned company when he watched a worker navigating the ‘Frankenstack’ patchwork of software, entering the caller’s details into six billing systems before locating it. The same was an eye-opening moment for Sapoznik.

    Therefore, he established ASAPP in 2014 as a New-York based developer of AI-powered customer-service software. In 2021, the company built an architecture named SRU++ that it thought could compete with Transformer.

    It was in 2022 that ASAPP launched two of its primary product offerings, i.e., AutoSumary and AutoCompose. Months later, the company’s AutoTranscribe was made available as API in June 2022. ASAPP launched Generative AI AutoAssist in May 2023.

    ASAPP – Mission and Vision

    ASAPP aims to increase human performance using the power of AI. The company strives to build transformative machine learning-powered products that can push the boundaries of artificial intelligence and customer experience.

    Introducing AutoCompose

    ASAPP – Business Model

    ASAPP designs and develops AI software to make customer service agents at Contact Centers more productive and their job easier via automated chat systems, voice call transcripts, and many other support services.

    The company’s software automates and enhances customer care teams, salespeople, and organizations’ customer conversations, allowing them to close more deals while focusing on more complex and data-rich issues.

    ASAPP – Products and Services

    ASAPP offers access to multiple AI Services, including AutoCompose, AutoSummary, AutoTranscribe, and JourneyInsight. In addition, the company’s solutions include Real-time Agent Assist, Quality Management, Speech Analytics, Self-Service Insights, CSAT Improvement, Agent Productivity, Sales Productivity, and Agent Retention.

    ASAPP Products
    ASAPP Products

    ASAPP – Funding and Investors

    ASAPP has undertaken 4 funding rounds in which it raised $380 million. The company conducted its latest funding round – Series C Round, on May 19, 2021, and raised $120 million. Several leading investors back the company, including March Capital, Euclidean Capital, Vast Ventures, Dragoneer Investment Group, and many others.

    Date Round Number of Investors Money Raised Lead Investor
    May 19, 2021 Series C 12 $120 million Dragoneer Investment Group, Fidelity Management and Research Company
    May 1, 2020 Series B 10 $185 million –
    December 15, 2015 Venture Round – $75 million –
    August 1, 2015 Seed Round 2 – –

    ASAPP – Patents and Trademarks

    The intellectual property of ASAPP comprises 52 registered patents, with ‘Computing; Calculating’ being the primary category. In addition, the company is registered with 9 trademarks, and the most popular class is ‘Scientific and Technological Services.’

    ASAPP – Growth

    In 2022, the estimated annual revenue of ASAPP was $81.3 million, with $186,792 in revenue per employee. Furthermore, the company’s valuation stood at $1.6 billion in 2022. Its monthly web visit growth rate is 3.3%, with 1,156,480 monthly web visits, and the employee count increased by 13% last year.

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    ASAPP – Partners

    ASAPP has partnered with many leading organizations worldwide and some of these are:

    • TaskUS
    • EY
    • CB Insights

    ASAPP – Awards and Achievements

    ASAPP has been rewarded with many prestigious awards, and these are as follows:

    • Ranks one of the highest-scoring businesses on Inc. Magazine’s Annual List of Best Workplaces for 2023.
    • Artificial Intelligence Excellence Awards 2023 by the Business Intelligence Group in Small Organization Category and Automation Subcategory.
    • Gustavo Sapoznik (CEO) was recognized as one of the Most Exceptional Entrepreneurs of 2022 by Goldman Sachs.
    • Named as a 2021 Cool Vendor in Garner Report

    ASAPP – Competitors

    ASAPP is providing tough competition to the following competitors:

    • Intercom
    • Google
    • NICE
    • Cresta
    • Drift
    • Genesys Cloud CX
    • Zendesk Support Suite
    • Freshdesk
    • Birdeye
    • Chatbots.Studio

    FAQs

    What does ASAPP do?

    ASAPP is the AI cloud company that offers artificial intelligence and machine learning products to deliver automation and human augmentation, allowing companies and individuals to realize their full potential.

    Who founded ASAPP?

    Gustavo Sapoznik founded ASAPP in 2014.

    Who are the main competitors of ASAPP?

    Here are the main competitors of ASAPP-

    • Intercom
    • Google
    • NICE
    • Cresta
    • Drift
    • Genesys Cloud CX
    • Zendesk Support Suite
    • Freshdesk
    • Birdeye
    • Chatbots.Studio

  • AppLovin: A Powerful Mobile App Technology 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 AppLovin.

    Over the last two decades, mobile apps have become an integral part of our lives. The growth of mobile app ecosystems has benefited mobile app users but makes it challenging for developers to scale and succeed in a highly competitive market.

    Most developers find it difficult to access marketing, monetization, and data analytics tools necessary to stand out among the 4.8M+ mobile apps available on Google Play and Apple App Store.

    AppLovin is a global mobile technology platform that offers mobile app developers a robust, integrated set of solutions to scale up their businesses. Here you will learn everything about AppLovin, from its startup story and founders to funding, investment, acquisitions, products, and growth.

    AppLovin – Company Highlights

    Company Name AppLovin
    Headquarters Palo Alto, California, United States
    Sector Mobile Technology
    Founders Adam Foroughi, John Krystynak, and Andrew Karam
    Founded In 2012
    Valuation $29.6 billion(2022)
    Website Applovin.com

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

    AppLovin – About

    AppLovin is a mobile technology company enabling developers to market, monetize, analyze, and publish their applications via its mobile advertising, marketing, and analytics platforms. The company helps businesses deliver personalized experiences on a global scale.

    With 19 offices in the US, UK, China, Germany, Japan, South Korea, and other countries, AppLovin is headquartered in Palo Alto, California. More than 10K developers are using the company’s software, with 14B+ Downloads and 6PB+ data being processed daily.

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    AppLovin – Founders and Team

    Adam Foroughi, John Krystynak, and Andrew Karam are the founders of AppLovin.

    Adam Foroughi

    Adam Foroughi - Co-founder and CEO, AppLovin
    Adam Foroughi – Co-founder and CEO, AppLovin

    Adam Foroughi attended the University of California, Berkeley, to complete Business Administration. Additionally, he graduated with Bachelor’s in Business from the University of California, Berkeley, Haas School of Business.

    He co-founded Social Hour and has been its CEO. Moreover, he is the ex-CEO of Style Page, Inc. and an ex-Board Member at PlayPhone. Currently, he is the Co-Founder and CEO at AppLovin.

    John Krystynak

    John Krystynak - Co-founder and CTO, AppLovin
    John Krystynak – Co-founder and CTO, AppLovin

    John Krystynak graduated from the University of California, Santa Barbara, in Computer Science. He has worked as Product Management Director at NetGravity and Product Marketing Director at VMware.

    In addition, he has been the Engineering Director at SocialMedia.com and CTO at Social Hour. Presently, Krystynak is the Co-Founder and CTO at AppLovin.

    Andrew Karam

    Andrew Karam - Co-founder and VP of New Initiatives
    Andrew Karam – Co-founder and VP of New Initiatives

    Andrew Karam attended Tufts University to complete his BA and BS in Economics and Chemical Engineering. He has co-founded two companies, i.e., Social Hour and Style Page, Inc. Moreover, he is the ex-Senior Products Director at Social Hour and Products VP at Style Page, Inc.

    Karam has been working as AppLovin’s Co-Founder and VP of New Initiatives since 2011.

    AppLovin currently employs more than 800 employees.

    AppLovin – Startup Story

    AppLovin was founded by Adam Foroughi, Andrew Karam, and John Krystynak in 2012. Foroughi stated that the company’s name ‘AppLovin’ was derived from Bloglovin, a content-organizing company. It operated in stealth mode until 2014 when Angle investors- Streamlined Ventures and the Webb Investment Network invested $4 million.

    AppLovin launched its Lion Studios in July 2018 to publish and promote mobile developers’ games. In March 2021, the company filed for an IPO to raise $100 million. And one month later, AppLovin was established as a public organization, trading under the ticker APP.

    AppLovin – Mission and Vision

    AppLovin aims to grow the app ecosystem.

    AppLovin – Business Model

    AppLovin assists mobile app developers, particularly mobile game developers, in their success by solving critical marketing and monetizing challenges. Developers can use the company’s technologies and scaled distribution system to manage, optimize, and analyze their marketing investments and improve their apps’ monetization.

    AppLovin – Products and Services

    AppLovin provides multiple products, including AppDiscovery, MAX, Array, AppLovin Exchange, Adjust, and SparkLabs.

    AppLovin – Challenges Faced

    With macro headwinds impacting the mobile gaming industry, AppLovin faces a challenging operating environment. Moreover, the company is still dealing with a post-pandemic decline in consumer spending habits and economic slowdown.

    AppLovin – Funding and Investment

    AppLovin raised $1.6 billion by conducting 8 funding rounds. Its latest funding round – Post-IPO Equity Round, was conducted on March 9, 2022, and raised a total of $185.8 million. 10 investors back the company; the main ones are Sadik Ventures, Elysium Venture Capital, and Kohlberg Kravis Roberts.

    Date Round Number of Investors Money Raised Lead Investor
    March 9, 2022 Post-IPO Equity – $185 million –
    August 5, 2020 Private Equity Round 3 – –
    July 17, 2018 Private Equity Round – $400 million Kohlberg Kravis Roberts
    February 1, 2018 Convertible Note – – –
    November 21, 2017 Debt Financing 2 $841 million Orient Hontai Capital
    January 1, 2017 Private Equity Round 2 $140 million Orient Hontai Capital
    July 31, 2014 Seed Round 3 $4 million –
    December 11, 2012 Pre-Seed Round 1 – –

    Furthermore, AppLovin made 2 investments:

    Announced Date Organization Name Lead Investor Funding Round Money Raised
    May 24, 2020 Redemption Games – Corporate Round –
    May 5, 2019 Belka Games – Corporate Round –

    AppLovin – Mergers and Acquisitions

    AppLovin acquired 9 companies, and these are:

    Company Announced Date Price
    Wordle May 3, 2022 –
    Wuri February 28, 2022 $430 million
    MoPub October 6, 2021 $1.1 billion
    Adjust February 3, 2021 $1 billion
    Machine Zone May 14, 2020 $500 million
    SafeDK July 9, 2019 –
    Belka Games May 5, 2019 –
    MAX, Inc September 5, 2018 –
    moboqo October 9, 2014 –

    AppLovin – Patents and Trademarks

    AppLovin is registered with 2 trademarks, with ‘Advertising; Business’ being the most popular class.

    AppLovin – Growth

    Revenue of AppLovin from 2020-2022:

    Year Amount Percentage Change from Last Year
    2022 $2.817 billion +0.86%
    2021 $2.793 billion +92.48%
    2020 $1.451 billion +45.97%

    Moreover, the company’s operating income was $48 million and its net income was $193 million in 2022. In the same year, it was valued at $29.6 billion. AppLovin’s employee count increased by -7%, and the website’s monthly visits growth rate is 9.14%, with 143,579,215 visits per month.

    How AppLovin Works

    AppLovin – Partners

    AppLovin’s industry-leading partners are:

    • Aarki
    • AdColony
    • Bidease
    • BeesWax
    • Adikteev
    • Adjust
    • Amazon Publisher Services (APS)
    • Criteo
    • Dataset
    • Google
    • IAB Tech Lab
    • Lifestreet
    • Liftoff

    AppLovin – Awards and Achievements

    AppLovin has been rewarded with multiple awards during its lifetime, and some of these are:

    • ‘Best Overseas Game Company’ Award by the Golden Team Awards in 2020
    • Ranked on Pocket Gamer’s Top 50 Mobile Game Makers’ list in 2020
    • Recognized on the San Francisco Business Times “40 Under 40′ list in 2017
    • Ranked 10th on the Deloitte Fast 500 North America list in 2016 and 2018

    AppLovin – Competitors

    Some of AppLovin’s main competitors are:

    • Celtra
    • AdRoll
    • Demandbase ABM/ABX Cloud
    • Smartly.io
    • Marin Software
    • Chartboost
    • Appodeal
    • Vungle
    • MOLOCO

    FAQs

    What doe AppLovin do?

    AppLovin is a mobile technology company enabling developers to market, monetize, analyze, and publish their applications via its mobile advertising, marketing, and analytics platforms. The company helps businesses deliver personalized experiences on a global scale.

    Who are the founders of AppLovin?

    Adam Foroughi, John Krystynak, and Andrew Karam founded AppLovin in 2012.

    Who are the main competitors of AppLovin?

    Some of AppLovin’s main competitors are:

    • Celtra
    • AdRoll
    • Demandbase ABM/ABX Cloud
    • Smartly.io
    • Marin Software
    • Chartboost
    • Appodeal
    • Vungle
    • MOLOCO

  • At-Bay: The Leading Cyber Insurance Provider for the Digital Age

    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 At-Bay.

    In this advanced era, businesses of every size increasingly depend on technology, regardless of the industry. Among all the benefits of innovation, the digitized economy also creates cyber risk at a higher magnitude. These new risks are complex and old ways of managing them don’t work in the digital age.

    Even though cyber insurance is among the fastest-growing markets, the incumbents still rely on standardized checklists and irrelevant actuarial data to model risk. However, AT-Bay is an industry-leading Insuretech company focusing on customized and real-time risk monitoring and reduction for its clients.

    Read further to uncover more about At-Bay, from its founders and startup story to products, business model, funding, acquisition, and a lot more.

    At-Bay – Company Highlights

    Company Name At-Bay
    Headquarters San Francisco, California, United States
    Sector Cybersecurity Insurance
    Founders Rotem Iram, Etai Hochman, and Roman Itskovich
    Founded In 2016
    Valuation $1.4 billion (2022)
    Website At-bay.com

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

    At-Bay – About

    At-Bay combines advanced technology with industry-leading insurance to help clients meet digital risk heads-on. The company partners with business owners and businesses to provide insurance products and active risk monitoring for small to large organizations in every industry.

    Its hubs are located globally in New York City, Atlanta, Tel Aviv, Mountain View, Chicago, Los Angeles, and San Francisco. Over 30,000 policyholders of At-Bay experience 80% fewer ransomware attacks compared to the industry average.

    At-Bay – Industry

    At-Bay operates in the cyber insurance market. When it comes to cyber insurance, it’s a type of digital insurance plan that protects companies from the costs of Internet-based attacks that could affect information governance, information policies, and IT infrastructure.

    In 2022, the global market size of cyber insurance was estimated at $13.33 billion and was projected to grow to $84.62 billion by 2030 with a CAGR of 26.1%. Cyber insurance demand surged instantly due to remote working amid the pandemic. Now small to large enterprises are using insurance policies to get full cyber coverage to protect themselves against cyber-attacks and data breaches.

    Global cyber insurance market size in 2018 and 2021, with forecast for 2025
    Global cyber insurance market size in 2018 and 2021, with forecast for 2025

    Apart from At-Bay, AIG, Chubb, Hiscox, The Travelers Companies, Beazley, and Zurich Insurance Group are revolutionizing the cyber insurance industry.

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    At-Bay – Founders and Team

    Rotem Iram, Etai Hochman, and Roman Itskovich are the co-founders of At-Bay.

    Rotem Iram

    Rotem Iram completed BSC in Computer Engineering from The Hebrew University of Jerusalem and attended Harvard Business School for an MBA. He is the ex-Software Engineer of RAD data Communication and an ex-Consultant of McKinsey & Company.

    Moreover, Rotem worked as K2 Intelligence’s Chief Operating Officer. He co-founded At-Bay and is working as the company’s CEO.

    Rotem Iram - Co-founder and CEO, At-Bay
    Rotem Iram – Co-founder and CEO, At-Bay

    Etai Hochman

    Etai Hochman graduated from Bar-Ilan University with BSc in Applied Mathematics and completed his MBA from Tel Aviv University. He has worked at Intucell as Software Engineer and Team Lead / Scum Master.

    Etai is the ex-Product Manager of Cisco. Currently, he is the Co-Founder and Board Observer & Advisor of At-Bay. In addition, he also co-founded Mirato and is working as its CTO.

    Etai Hochman - Co-founder, Board Observer & Advisor of At-Bay
    Etai Hochman – Co-founder, Board Observer & Advisor of At-Bay

    Roman Itskovich

    Roman Itskovich went to Tel Aviv University to pursue BA in Economics and Accounting. He has completed his MBA from Harvard Business School. Roman held the role of Consultant at McKinsey & Company and Senior Associate at Bain Capital.

    Additionally, he has been the ex-VP of Financial Products at Ebury. At present, he is the Co-Founder and Chief Risk Officer (CRO) of At-Bay.

    Roman Itskovich - Co-founder and CRO, At-Bay
    Roman Itskovich – Co-founder and CRO, At-Bay

    At-Bay is a team of 280+ analysts, developers, designers, underwriters, and other professionals.

    At-Bay – Startup Story

    At-Bay was founded in 2016 by Etai Hochman, Rotem Iram, and Roman Itskovich to empower businesses to thrive in the digital world. In 2018, the company launched its 2019 cyber insurance policy from across the US.

    It launched its first automatically underwritten tech E&O Policy in 2020. The company expanded its insurance offerings by launching Miscellaneous Professional Liability products in August 2022.

    In January 2023, At-Bay launched its New Admitted Cyber Insurance Product for small businesses, approved in 47 states. Moreover, the same year, the company became a full-stack insurance carrier because it acquired At-Bay Specialty Insurance Company from XL Insurance America.

    At-Bay – Mission and Vision

    At-Bay aims to protect small businesses from cyber risk. The company’s vision is to challenge industry conventions and reimagine ways to assess cyber risk.

    At-Bay – Business Model

    At-Bay monitors the perimeter of its customers’ networks and alerts them to security risks and vulnerabilities. The company’s cyber security research and modeling approach help it predict future risks based on emerging threats. Furthermore, At-Bay enables customers to quickly close security holes by preventing network intrusions and data breaches and avoid loss by scanning for new vulnerabilities.

    At-Bay’s partnership with brokers allows it to deliver security and financial exposure insights to the clients and design a proactive, comprehensive risk management program.

    At-Bay – Products and Services

    At-Bay offers Cyber, Tech E&O, and MPL insurance products.

    At-Bay – Funding and Investors

    At-Bay has undertaken 8 funding rounds to raise a total of $295.7 million. Its latest funding round – Venture Series Unknown, was raised on September 2, 2022, and secured $3.7 million. At-Bay is backed by leading investors, including Glilot Capital, Lightspeed Venture Partners, Acrew Capital, and the HSB fund of Munich Re Ventures, M12.

    Date Round Number of Investors Money Raised Lead Investor
    September 2, 2022 Venture Round – $3.7 million –
    October 13, 2021 Series D 1 $20 million ION Crossover Partners
    July 27, 2021 Series D 9 $185 million Icon Ventures, Lightspeed Venture Partners
    December 8, 2020 Series C 7 $34 million Qumra Capital
    April 22, 2020 Series B 1 – –
    February 20, 2020 Series B 5 $34 million Acrew Capital, Munich Re Ventures
    May 9, 2018 Series A 4 $13 million Keith Rabois, Yoni Cheifetz
    November 17, 2017 Seed Round 3 $6 million Lightspeed Venture Partners

    At-Bay – Mergers and Acquisitions

    At-Bay acquired Relay Platform on August 22, 2022.

    At-Bay – Growth

    At-Bay surpassed $160 million in annual recurring revenue (ARR) on 800% YOY premium growth in the second quarter of 2021. Later in 2022, the company surpassed $380 million in annual recurring gross written premium (ARGWP). Its estimated revenue in 2022 was $186.9 million, with annual revenue of $40.1 million and $146,917 revenue per employee.

    Moreover, it was valued at $1.4 billion in 2022. Its employee count increased by 44% last year, and monthly web visit growth is 55.6%, with 15,225 monthly visits.

    Rotem Iram, At-Bay | RSAC 2023

    At-Bay – Partners

    At-Bay’s partners include the following listed digital platforms, insurance carriers, and professional associations:

    • Microsoft
    • Munich RE
    • HSB
    • Trisura
    • Cloudflare
    • BTIS
    • Builders & Tradesmen’s Insurance Services

    At-Bay – Awards and Achievements

    At-Bay was named among the Top 50 Insuretech Startups by CB Insights in 2022

    At-Bay – Competitors

    Competitors of At-Bay include the following:

    • Cowbell Cyber
    • Corvus Insurance
    • CyberCube
    • BitSight
    • Slice Labs
    • Trov Inc
    • Kin Insurance Inc
    • Trov Inc

    FAQs

    What does At-Bay do?

    At-Bay combines advanced technology with industry-leading insurance to help clients meet digital risk heads-on. The company partners with business owners and businesses to provide insurance products and active risk monitoring for small to large organizations in every industry.

    Who founded At-Bay?

    Rotem Iram, Etai Hochman, and Roman Itskovich are the co-founders of At-Bay.

    Who are the main competitors of At-Bay?

    Competitors of At-Bay include the following:

    • Cowbell Cyber
    • Corvus Insurance
    • CyberCube
    • BitSight
    • Slice Labs
    • Trov Inc
    • Kin Insurance Inc
    • Trov Inc

  • Athelas: Bringing Life-Changing Healthcare Products Worldwide

    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 Athelas.

    When patients visit a healthcare facility, their primary aim is to get diagnosed, become well, and go home as soon as possible. Even increasing disease burden and rising healthcare costs in the United States have already led to the emergence of healthcare at-home services.

    The Covid-19 pandemic has also shown people that home healthcare has to be a thing and is much better in several ways than the traditional care model. Athelas is one of the most prominent startups that has made it possible for the world to access healthcare facilities at home.

    This article will tell you everything about Athelas- its founders, startup story, funding, products, business and revenue model, growth, and more.

    Athelas – Company Highlights

    Company Name Athelas
    Headquarters Mountain View, California, United States
    Sector Biotechnology
    Founders Tanay Tandon and Deepika Bodapati
    Founded In 2016
    Valuation $1.5 billion(2022)
    Website Athelas.com

    Athelas – About
    Athelas – Industry
    Athelas – Founders and Team
    Athelas – Startup Story
    Athelas – Mission and Vision
    Athelas – Logo and Tagline
    Athelas – Business Model
    Athelas – Revenue Model
    Athelas – Products and Services
    Athelas – Challenges Faced
    Athelas – Funding and Investors
    Athelas – Growth
    Athelas – Partners
    Athelas – Competitors

    Athelas – About

    Athelas is a developer of remote patient monitoring technology. The team of technologists build the medical products’ next generation at the intersection of hardware and software. Athelas brings world-class tools of hospitals to patients’ homes. It develops blood testing devices that use deep learning and computer vision.

    Moreover, thousands of healthcare organizations utilize Athelas software for medical billing, launching telehealth programs, and providing better patient care. More than 50,000 patients in the US trust the company.

    Athelas – Industry

    Athelas is running a business in the Biotechnology industry. Biotechnology is a branch of science that involves researching and developing products by using biological systems, living creatures, or elements out of them. Biochemistry, genetics, and molecular biology are some fields in biotechnology.

    The global market size of the biotechnology market was valued at $859.94 billion in 2022 and is projected to grow to $1,683.52 billion by 2030, with a CAGR of 8.7% during 2023-2030. The Covid-19 pandemic has positively influenced the growth of the biotechnology market by increasing opportunities and advancements for drug development and manufacturing vaccines for the disease.

    Biotechnology Market Size
    Biotechnology Market Size

    In addition to Athelas, some key players in the global biotechnology industry are AstraZeneca, Sanofi, Gilead Sciences, Inc., Amgen Inc., Abbot Laboratories, and more.

    Athelas – Founders and Team

    Tanay Tandon and Deepika Bodapati are the founders of Athelas.

    Tanay Tandon

    Tanay Tandon attended Stanford University to graduate in Computer Science. He has worked as a Developer at Clipped.me and Software Engineer at Wit.ai.

    Moreover, he is MetaMind’s ex-Researcher and worked as Researcher in Stanford University’s AI Department. Currently, Tanay is the Co-Founder and CEO at Athelas.

    Tanay Tandon - Co-founder and CEO, Athelas
    Tanay Tandon – Co-founder and CEO, Athelas

    Deepika Bodapati

    Deepika Bodapati earned a degree in molecular biology from the University of Cincinnati. She has been an ex-Researcher at NASA Ames Research Center and Stanford University, Multimodality Molecular Imaging LAB (MMIL). Now, she is the Co-Founder of Athelas.

    Deepika Bodapati - Co-founder, Athelas
    Deepika Bodapati – Co-founder, Athelas

    Athelas currently employs more than 210 employees.

    Athelas – Startup Story

    Athelas was founded by Tanay Tandon and Deepika Bodapati in 2016. When they attended Y Combinator the same year, they came across a handful of potential competitors, but none had conducted a clinical trial yet. Tanay and Deepika knew this was the opportunity to stand out to potential partners, customers, and collaborators.

    They knew there would be no company without a trial. Therefore, in 2016, they conducted their first clinical trial for Athelas One at the hospital in Juarez, Mexico, and the hospital instantly saw the value in the device. While testing the device on patients, Tanay and Deepika found that one patient has leukemia after seeing the test results. And hospital took another three weeks to confirm the patient’s leukemia diagnosis.

    During that period, Tanay and Deepika thought that what if all these tests could be done within a few minutes using cheap medical products? That’s when it clicked, and Athelas is continuing its operation with the same idea.

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    Athelas – Mission and Vision

    Athelas aims to bring simple, life-changing healthcare products to people around the world. The company envisions bringing world-class healthcare tools to individuals’ homes.

    Athelas – Logo and Tagline

    Athelas has an attractive tagline reflecting its mission and vision, i.e., “The Future of Healthcare is at the Home.”

    Athelas – Business Model

    Athelas make billing and reimbursement easier for healthcare organizations. The company’s Revenue Cycle Management (RCM) delivers high-quality service, maximizes reimbursements, and equips hospitals with actionable insights into their financial health.

    Moreover, Athelas provides affordable medical testing devices to healthcare providers enabling them to monitor patients’ vitals, such as weight, blood pressure, and blood glucose, without letting patients enter a clinic. It helps improve patient health and engagement while reducing hospitalizations.

    Test Drive Insights | Athelas Revenue Cycle Management

    Athelas – Revenue Model

    Instead of selling its medical devices directly to consumers, Athelas distributes them via healthcare providers. The company charges a subscription for each medical device when sent to the patient’s home.

    Athelas – Products and Services

    The company’s products include Athelas Home, Doctor App, Scribe, Pill Track, Care Management, Revenue Cycle Management, and EHR integration. In addition, it offers a Blood Pressure Monitor, Glucometer, and Weight Scale.

    Athelas – Challenges Faced

    Athelas’s first set of progress was slow. The college workload at Stanford and the increasing costs of hardware iterations made it difficult for the co-founders to operate with the iteration speeds that a normal product needs.

    Athelas – Funding and Investors

    Athelas raised a total of $150.1 million over 4 funding rounds. Its latest funding round – Venture Series Unknown Round, was conducted on January 31, 2021, and secured $59.4 million. 19 investors back the company; the main ones are Sequoia Capital, Fifty Years General Catalyst, and Tribe Capital.

    Date Round Number of Investors Money Raised Lead Investor
    January 31, 2021 Venture Round 7 $59.4 million Tribe Capital
    August 10, 2020 Series B 2 $72 million General Catalyst
    February 1, 2019 Series A 2 $15 million Georges Harik
    August 28, 2017 Seed Round 14 $3.7 million Sequoia Capital

    Athelas – Growth

    Athelas’ monthly active users increased from 2,000 in 2021 to 20,000 in 2022. The company’s estimated annual revenue was $47.7 million per year ($235,953 revenue per employee), with its valuation in January 2022 as $1.5 billion. Furthermore, Athelas’s employee count increased by 38% last year, and the monthly web visits growth rate is -33.49%, with 66,260 monthly visits.

    Athelas – Partners

    Athelas has partnered with many hospitals, clinic groups, physicians, home healthcare agencies, and accountable care organizations. Some of its partners are as follows:

    • Horizon Family Medical Group
    • Providers For Healthy Living
    • Elohim’s Glory House Calls

    Athelas – Competitors

    Below listed are the main competitors of Athelas:

    • HBox
    • Taaso
    • Entia
    • MD Revolution
    • MicroX Labs
    • Longevica
    • YourBio Health
    • ArcDia

    FAQs

    What does Athelas do?

    Athelas is a developer of remote patient monitoring technology. The team of technologists build the medical products’ next generation at the intersection of hardware and software. Athelas brings world-class tools of hospitals to patients’ homes. It develops blood testing devices that use deep learning and computer vision.

    Who are the founders of Athelas?

    Tanay Tandon and Deepika Bodapati are the founders of Athelas.

    Who are the main competitors of Athelas?

    Below listed are the main competitors of Athelas:

    • HBox
    • Taaso
    • Entia
    • MD Revolution
    • MicroX Labs
    • Longevica
    • YourBio Health
    • ArcDia

  • Ample: An Energy Efficient Battery Swapping Business

    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 Ample.

    When it comes to widespread electric vehicle adoption, the concept of charging can’t be ignored. Are chargers produced in sufficient quantity? Will these chargers charge the cars fast enough?

    Billions of dollars have been spent on producing batteries that can handle fast charges and chargers that can charge vehicles in less time. At least the United States is talking about battery swapping for cars and trucks.

    Ample is among the few top-recognized startups involved in an energy-efficient battery-swapping business. In this article, you will uncover all about Ample, its products, startup story, founders, growth, funding, partners, investors, and more.

    Ample – Company Highlights

    Company Name Ample
    Headquarters San Francisco, California, United States
    Sector EV Batteries Manufacturing
    Founders John de Souza, Khaled Hassounah
    Founded In 2014
    Valuation $890 million(2021)
    Website Ample.com

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

    Ample – About

    Ample is a United States-based company that offers an energy delivery solution that is as fast, convenient, and cheap as gas and powered by 100% renewable energy. This economical, rapidly deployable, and widely accessible platform delivers a full charge to different electric car models within a few minutes.

    Ample serves customers worldwide in Japan, Europe, China, San Francisco, NYC, Chicago, Los Angeles, and other locations.

    Ample – Industry

    Ample is serving the battery-swapping market where companies provide services letting electric vehicle (EV) owners exchange depleted batteries with fully charged ones at specialized stations. The global market size of the battery-swapping industry is projected to grow from $210 million in 2022 to $1,664.44 million by 2032, with a CAGR of 23% during this period.

    The idea of battery swapping gained renewed interest recently due to governments and car manufacturers pushing for EV adoption. Apart from Ample, Better Place, Tesla, Amara Raja, Numocity, BattSwap Inc., and Sun Mobility are some key players in the battery-swapping industry.

    Ample – Founders and Team

    John de Souza and Khaled Hassounah founded Ample in 2014.

    John de Souza

    John de Souza completed SB & SM in EECS from Massachusetts Institute of Technology and an MBA in Finance from College des Ingenieurs. He has been a Board member at Health eVillages. At present, he is the Dignity Health Foundation Board Member at Dignity Health.

    In addition, he holds the role of Global Leadership Council Member at Boston University of School of Public Health and Advisory Board Member at Tivity Health. John is the founder and President of Ample Inc.

    John de Souza - Co-founder and President, Ample
    John de Souza – Co-founder and President, Ample

    Khaled Hassounah

    Khaled Hassounah graduated with a B.Sc. in Electrical and Electronics Engineering from the University of Jordan. He worked as Principal Software Architect at One World Software Solutions and Director of Engineering at IMlogic Inc. Moreover, he has been the Director of the Middle East and Africa at One Laptop Per Child.

    In addition to co-founding Ample Inc., he co-founded MedHelp and remained Board Director at KarmSolar. Currently, he is working as Ample’s CEO.

    Khaled Hassounah - Co-founder and CEO, Ample
    Khaled Hassounah – Co-founder and CEO, Ample

    Ample is a team of over 150 technologists, designers, and environmental enthusiasts from 24 different countries speaking 14 different languages.

    Ample – Startup Story

    Ample is a startup that rose from the ashes of its unsuccessful predecessor, Better Place. When electric vehicles had an ‘uninspiring’ range a few years ago, many companies toyed with the idea of equipping cars with swappable battery packs. It’s when Shai Agassi started a business called Better Place to revolutionize the nascent electric vehicle market. However, by 2013 the company went bankrupt.

    After some time, John de Souza and Khaled Hassounah thought of reviving the battery-swapping business model and came up with the company named Ample. The company introduced an electric vehicle charging system. Moreover, it quickly deploys robots to replace small modular battery packs in electric cars. Unlike Batter Place, which used to build expensive battery stations, Ample created stations built in a space with two parking spaces’ width.

    In 2021, Ample worked with five OEMs and validated its approach to battery swapping with nine different car models. In addition, the company supported level one and level two charging options. The company completed 2.4 million+ battery swaps for Chinese drivers in May 2021.

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    Ample – Mission and Vision

    Ample aims to solve the energy delivery challenge for electric transportation with autonomous robotics and smart-battery technology. Its mission is to make it possible for every individual to have ‘Electric Cras for Everyone.’

    Ample – Business Model

    Ample’s concept is straightforward, i.e., instead of pulling up an EV to a charging station to get more power, the enterprise proposes the idea of installing Ample’s modular battery packs in the vehicles, which can be swapped out at specific stations.

    Ample produces future-proof modular batteries that can adapt to any EV. These EV batteries are made of Lego-like battery modules that are flexible enough to accommodate any make, design, model, or driving profile.

    Moreover, a combination of computer vision and secure wireless communication with the automobile is used by Ample Station to identify the exact location of each battery module that is to be swapped. The discharged battery modules are removed from the vehicle and charged again to use in the next car.

    Ample – Revenue Model

    Ample generates revenue by producing, deploying, and installing energy-efficient EV modular batteries and providing access to its battery swapping stations.

    Ample – Products and Services

    Ample provides EV modular batteries for cars and trucks of varied make and models and battery swapping stations. Moreover, the company offers Ample App to the drivers of its partner fleets.

    Ample – Challenges Faced

    Ample’s battery charging system is unlikely to succeed as a consumer-focused system but could make sense for only commercial vehicles.

    Ample – Funding and Investors

    Ample has undertaken 5 funding rounds to raise $290.7 million. Its latest funding round – Grant Round, was conducted on February 28, 2023, and raised $15 million. 15 investors fund Ample; the main ones are Blackstone Group, Moore Strategic Ventures, and Shell Ventures.

    Date Round Number of Investors Money Raised Lead Investor
    February 28, 2023 Grant – $15 million –
    November 10, 2021 Private Equity Round 2 $50 million Blackstone Group
    August 19, 2021 Series C 8 $160 million Moore Strategic Ventures
    February 13, 2020 Series B – $34.7 million –
    August 6, 2018 Series A 8 $31 million Shell Ventures

    Ample – Patents and Trademarks

    Ample is registered with 4 patents, primarily categorized into the ‘Vehicles In General’ class. In addition, the company has 3 registered trademarks, and ‘Machines and Machine Tools’ is the most popular class.

    Ample – Growth

    The estimated annual revenue of Ample was $71.9 million per year ($463,703 per employee), with a $890 million valuation in August 2021. Moreover, the monthly web visits grew by 47.96%, with 32,623 visits. And its employee count elevated by 50% last year.

    Introducing Ample: A New Way to Deliver Energy to Any Electric Vehicle

    Ample – Partners

    Ample has partnered with:

    • Uber
    • Sally
    • Repsol
    • Eneos

    Ample – Awards and Achievements

    Some of the awards that Ample received are:

    • World Changing Ideas by Fast Company Magazine in 2022
    • 10 Most Innovative Companies by Fast Company Magazine in 2022
    • Best Inventions by Time Magazine in 2021

    Ample – Competitors

    Some of its main competitors are:

    • BYD
    • ISERVICE Auto
    • Launch Tech USA
    • EMPI
    • GERMAN Auto
    • Edelbrock Group
    • Singulato

    Ample – Future Plan

    Ample and Uber plans to extend their partnership to Europe to electrify half the rides booked across seven European capitals, including Amsterdam, Paris, London, Berlin, Madrid, and Lisbon, by 2025.

    FAQs

    What does Ample do?

    Ample offers an energy delivery solution that is as fast, convenient, and cheap as gas and powered by 100% renewable energy. This economical, rapidly deployable, and widely accessible platform delivers a full charge to different electric car models within a few minutes.

    Who are the founders of Ample?

    John de Souza and Khaled Hassounah founded Ample in 2014.

    Who are the main competitors of Ample?

    Some of Ample’s main competitors are:

    • BYD
    • ISERVICE Auto
    • Launch Tech USA
    • EMPI
    • GERMAN Auto
    • Edelbrock Group
    • Singulato

  • Attentive: Personalized Text Messaging Solution for Innovative Brands

    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 Attentive.

    With the world and market changing so fast, companies are prioritizing things that can drive incremental revenue, elevate online sales, and make it easier to reach target customers. The tremendous rise of mobile devices and messaging applications has led users to expect faster response times from the businesses they interact with. Moreover, consumers are expecting a human-like conversational experience from the leading brands.

    In this digital age, businesses can now access innovative mobile messaging platforms to deliver a human-like conversational experience. One such messaging platform is Attentive. The company is the leader in conversational commerce and is reinvesting in business-consumer communication systems.

    This article shares every crucial detail about Attentive, from its founders and startup story to products, business models, funding, growth, and more.

    Attentive – Company Highlights

    Company Name Attentive
    Headquarters New York City, New York, United States
    Sector Advertising Services
    Founders Brian Long and Andrew Jones
    Founded In 2016
    Valuation $6B (2022)
    Website Attentive.com

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

    Attentive – About

    Attentive is a personalized SMS-first software platform that aids entrepreneurs and enterprises in connecting with their consumers and creating meaningful interactions.

    More than 8,000 innovative brands built on Magneto, Shopify, BigCommerce, and more, like Coach, CB2, Pura Vida, and Urban Outfitters, trust Attentive. Moreover, the company’s text messaging marketing solution help leading brands earn 19% of total online revenue.

    Attentive – Founders and Team

    Brian Long and Andrew Jones are the founders of Attentive.

    Brian Long

    Brian Long attended the University of Pennsylvania to complete his B.A. and NYU Stern School of Business for an MBA in Finance and Entrepreneurship. He has diverse work experience as the ex-Director of Sales and ex-SVP Mobile at Crossboard Mobile.

    After working as TapCommerce’s Co-Founder and CEO, Brian held the role of Senior Director at Twitter. Currently, he is the Attentive’s Co-Founder and CEO.

    Brian Long - Co-founder and CEO, Attentive
    Brian Long – Co-founder and CEO, Attentive

    Andrew Jones

    Andrew Jones graduated from NYU Stern School of Business with a B.S. degree in Information Systems and Finance. He was an Engineering Program Manager at Demdex, Inc and Co-Founder and Chief Product Officer at TapCommerce.

    He worked as Senior Product Manager at Twitter. In addition, he held the role of Co-Founder and Chief Product Officer at Attentive till July 2022. At present, he is exploring Jones Family Office.

    Andrew Jones - Co-founder and Chief Product Officer, Attentive
    Andrew Jones – Co-founder and Chief Product Officer, Attentive

    Attentive is a distributed team of more than 1,200 employees.

    Attentive – Startup Story

    Attentive was founded in 2016 by Brian Long and Andrew Jones, co-founders of TapCommerce, a startup established to help apps target their advertising campaigns. They both commenced their previous startup in 2021 and started working at Twitter two years later when this social media company acquired their business.

    This time, when Brian thought of founding Attentive, he had a longer-term vision for the company. He realized the expectation of consumers to communicate with the companies in real-time in the coming three to five years. In April 2022, Attentive expanded internationally by opening its office in London, UK, and launched Concierge and Text-to-Buy later in the same year. Now the company provides services to thousands of brands worldwide.

    Attentive – Mission and Vision

    The mission of Attentive is to reinvent business-to-consumer communication and commerce for the mobile age.

    Attentive – Business Model

    Attentive is the conversational commerce platform that humanizes the consumer experience. Its software integrates with customer service and email software, like MailChimp or Zendesk, providing a smoother communication channel for brands to interact with customers.

    Moreover, the software allows companies to customize the messages to focus on buyers who leave some items in their online cart, buy most frequently, and are based in specific geographic regions, among other traits. Attentive has also allowed retailers to automatically respond to consumers who text brands back, creating a conversational experience.

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    Attentive – Products and Services

    Attentive platform’s product offerings include Integrations, Compliance, Deliverability, and Attentive A.I. The company’s solutions are Growth, Audience Manager, Messaging, Analytics, and Email.

    Attentive – Funding and Investors

    Attentive has undertaken 7 funding rounds and raised a total amount of $863 million. Its latest funding round – Series E Round, was conducted on March 24, 2021, and secured $470 million. Some world’s leading venture firms that back the company are Bain Capital Ventures, Sequoia, Coatue, Eniac Ventures, TigerGlobal, Base10, High Alpha, and NextView.

    Date Round Number of Investors Money Raised Lead Investor
    March 24, 2021 Series E 5 $470 million Coatue
    September 23, 2020 Series D 15 $230 million Coatue
    April 15, 2020 Series C 3 $40 million Coatue, Sequoia Capital
    January 29, 2020 Series C 6 $70 million IVP, Sequoia Capital
    August 12, 2019 Series B 7 $40 million Sequoia Capital
    February 8, 2018 Series A 5 $13 million Bain Capital
    October 5, 2016 Seed Round 3 – Eniac Ventures, NextView Ventures

    Attentive – Mergers and Acquisitions

    Attentive acquired 2 companies, i.e., Tone on June 9, 2021, and Privy on June 4, 2021.

    Attentive – Patents and Trademarks

    Attentive’s intellectual property comprises 4 registered patents, with ‘Computing; Calculating’ being the primary category. In addition, the company has 2 registered trademarks, and ‘Scientific and Technological Services’ is the most popular category.

    Attentive – Growth

    Attentive secure 99% open rates, more than 30% click-through rates, and over 25x ROI. In 2022, the estimated revenue of Attentive was $265.7 million annually ($210,178 revenue per employee). Moreover, the company’s annual recurring revenue (ARR) grew from $125 million in 2021 to $200 million in 2022. In the same year, it was valued at $6 billion.

    Attentive—Conversational SMS Marketing Platform

    Attentive – Partners

    Attentive has partnered with a wide array of leading brands, and some of its partners are as follows:

    • Shopify
    • Salesforce
    • CB2
    • Magneto
    • Alloy Automation
    • BigCommerce
    • BlueShift
    • Clearco
    • Daasity
    • Gladly
    • Endear
    • Loop

    Attentive – Awards and Achievements

    Attentive garnered many prestigious awards, and some of these are:

    • America’s Best Startup Employers 2022 List by Forbes
    • Ranked #10 on the 2022 Forbes Cloud 100 List
    • Ranked No. 3 Fastest-Growing Company in North America is the list of 2021 Deloitte Technology Fast 500

    Attentive – Competitors

    Some main competitors of Attentive are:

    • Flurry Analytics
    • CleverTap
    • Iterable
    • AppsFlyer
    • EZ Texting
    • Braze
    • Kochava
    • Birdeye

    Attentive – Future Plan

    Attentive plans to accelerate its rapid pace of product innovation and invest in the hiring and professional development of the company’s talented employees.

    FAQs

    What does Attentive do?

    Attentive is a personalized SMS-first software platform that aids entrepreneurs and enterprises in connecting with their consumers and creating meaningful interactions.

    Who founded Attentive?

    Brian Long and Andrew Jones founded Attentive in 2016.

    Who are the main competitors of Attentive?

    Some main competitors of Attentive are:

    • Flurry Analytics
    • CleverTap
    • Iterable
    • AppsFlyer
    • EZ Texting
    • Braze
    • Kochava
    • Birdeye

  • Augury: Gain Insights Into Production Health With AI Solutions

    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 Augury.

    Machine health is critical to reducing maintenance costs and unplanned downtime, improving overall equipment effectiveness, and increasing productivity. However, even though every industrial company spends time, resources, and money to maintain their machines, machine health is still a blind spot.

    Unexpected machine failures continue to occur, hampering product processes and efficiency. According to Senseye’s study, large facilities lose an average of 27 hours per month due to equipment failure at the hourly cost of $532,000 for unplanned downtime.

    Many companies are applying technology designed to assess industrial machine health and predict equipment failures to prevent such losses. These facilities are turning to Augury, a New York-based AI-driven production health solutions pioneer. This article complies with everything about Augury, including its startup story, founders, mission, funding, partners, and more.

    Augury – Company Highlights

    Company Name Augury
    Headquarters New York City, New York, United States
    Sector Artificial Intelligence
    Founders Gal Shaul and Saar Yokovitz
    Founded In 2011
    Valuation $1B (2022)
    Website Augury.com

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

    Augury – About

    Augury is a technology company that offers artificial intelligence software solutions to provide manufacturers and other industry sectors with valuable insights into machines, processes, and operations health.

    Augury serves several renowned customers, including PepsiCo, DuPont, Colgate, Nestle, Roseburg, ICL, Barilla, and Lindt. Moreover, the organization has diagnosed 100k+ machines with 99.9% accurate diagnosis, leading its global customers to achieve 3-10x ROI in a few months.

    Augury – Founders and Team

    Gal Shaul and Saar Yokovitz are the co-founders of Augury.

    Gal Shaul

    Gal Shaul graduated from Technion – Israel Institute of Technology with a B.Sc, Computer Science degree. He has been a Software Engineer at Zoran and Endymed Medical. Gal Co-founded Augury and worked as the company’s CTO till July 2022. Now he is the CPTO in Augury.

    Gal Shaul - Co-founder, Augury
    Gal Shaul – Co-founder, Augury

    Saar Yokovitz

    Saar Yokovitz attended Technion – Israel Institute of Technology to complete B.Sc in Electrical Engineering, Physics. He is the ex-Founder of the Select – Students for Technological Advancement project.

    Saar Yokovitz -Co-founder and CEO, Augury
    Saar Yokovitz -Co-founder and CEO, Augury

    Saar worked as Logic Designer and Analog Architect at Intel from 2006 to 2010. Presently, he is the co-founder and CEO at Augury.

    Augury is acquainted with more than 400 employees.

    Augury – Startup Story

    Augury was founded in 2011 by University friends Gal Shaul and Saar Yokovitz in Israel. ‘How much time and money could be saved by preventing unexpected machines failure?’ Gal and Saar pondered the question after serving in the Israeli army, where machines surrounded them throughout their service. They both thought if it’s possible to detect words, why can’t one detect malfunctions in the machines?

    Therefore, they both decided to listen to machines and founded Augury with the idea of helping companies solve problems with machines, enabling them to create better products. The company launched its first Beta program, ‘Auguscope’ (smartphone-connected machine health product), in 2014 in the US. Later in mid-2017, it introduced ‘Halo.’ It was in 2021 that Augury became a Unicorn.

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    Augury – Logo and Tagline

    Augury’s tagline is no longer about “Machine Talk, We Listen.” Instead, the new tagline “Predicting a Better Future,” is a part of the company’s new mission, vision, and branding.

    Augury - Logo and Tagline
    Augury – Logo and Tagline

    Augury – Mission and Vision

    Augury’s mission is to transform how people work and what they create by providing them with insights into production health. It envisions creating a world where the combined work of people and machines leads to a better life.

    Augury – Business Model

    Augury develops hardware and software solutions to troubleshoot machines with sensors. In addition, its machine health AI platform predicts failures and specifies the time and methods to correct those possible failures.

    Wireless sensors connected to machines record readings from equipment’s parts and transfer mechanical data to the cloud. The proprietary cloud-based AI analyzes the same data and delivers prescriptive insights to the organization’s machine maintenance or reliability department.

    Augury’s business model help manufacturing and service companies reduce production downtime, reduce waste and emissions, improve process efficiency, maximize yield, and reduce machine maintenance costs.

    Augury – Products and Services

    Augury offers two primary solutions, i.e., Machine Health and Process Health. The solutions for Machine Health further comprise Critical Equipment, Supporting Equipment, Auguscope, and Guaranteed Diagnostics.

    Augury – Challenges Faced

    Augury found it challenging to continue sales during Covid-19 and, thus, was forced to focus on its business health to ensure survival. It was crucial for the company to get on-site to install its sensors and provide machine health diagnostics to the clients. And without these sensors in place, Augury couldn’t provide solutions and, thus, generate revenue.

    Augury – Funding and Investors

    In 7 funding rounds, Augury has been successful in raising a total of $294 million. Series E Round is the company’s latest funding round. The same was conducted on October 26, 2021, and raised $180 million. Augury has 16 investors, including Munich Re Ventures, Baker Hughes, Qumra Capital, Insight Partners, Eclipse Ventures, and Lerer Hippeau.

    Date Round Number of Investors Money Raised Lead Investor
    October 26, 2021 Series E 8 $180 million Baker Hughes
    October 14, 2020 Series D 6 $55 million Qumra Capital
    December 12, 2019 Series C 1 $8 million Qualcomm Ventures
    January 31, 2019 Series C 5 $25 million Insight Partners
    June 19, 2017 Series B 5 $17 million Eclipse Ventures, Munich Re Ventures
    August 26, 2015 Series A 5 $7 million Eclipse Ventures, Munich Re Ventures
    October 6, 2014 Seed Round 5 $2 million –

    Augury – Mergers and Acquisitions

    Augury acquired 2 companies; the recent one was Seebo on May 10, 2022. It acquired Alluvium on January 31, 2019.

    Meet Augury | Predictive Analytics for Manufacturers

    Augury – Growth

    Augury’s team doubled and revenue grew 150% as it made its 100-millionth machine recording. In 2022, the company’s annual revenue was around $74.9 million ($186,668 revenue per employee). It was valued at $1 billion in the same year. Furthermore, with 18,168 visits, Augury’s monthly web visits growth rate is -50.77%.

    Augury – Partners

    Augury has a wide network of partners and alliances. Some of its Industrial OEM, Technology, Strategy, and Systems Integration, Service and Facility Management, Global Delivery, and Ecosystem Extension partners are:

    Augury – Awards and Achievements

    Augury is recognized by Forbes, World Economic Forum, Gartner, BuiltIn, The Atlast Award, and more. It’s honored with multiple awards and achievements:

    • ‘Best Practices Product Leadership Award’ by Frost & Sullivan in 2021.
    • Saar Yoskovitz was announced as the finalist of The 2022 Entrepreneur of the Year Award.

    Augury – Competitors

    Here listed are some main competitors of Augury:

    • Datadog
    • Limble CMMS
    • Particle
    • eMaint CMMS
    • Fracttal One
    • Fiix
    • Portainer

    Augury – Future Plan

    Augury developed ‘Powerdays,’ a new strategy to empower its team for the years ahead. The company plans to work on a particular theme, i.e., ‘Imagine a Better Future’ for 2023.

    FAQs

    What does Augury do?

    Augury is a technology company that offers artificial intelligence software solutions to provide manufacturers and other industry sectors with valuable insights into machines, processes, and operations health.

    Who are the founders of Augury?

    Gal Shaul and Saar Yokovitz co-founded Augury in 2011.

    Who are the main competitors of Augury?

    Here listed are some main competitors of Augury:

    • Datadog
    • Limble CMMS
    • Particle
    • eMaint CMMS
    • Fracttal One
    • Fiix
    • Portainer

  • Apeel Sciences: Using Nature’s Technology for Long-Lasting Produce

    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 Apeel Sciences.

    Fresh fruits and vegetables are vital to a healthy, well-balanced diet. The global market size of fresh produce was valued at $144,004.80 million in 2022 and is projected to grow to $210,903.81 million by 2028, with a CAGR of 51.4%.

    Despite such a huge figure, the world is experiencing global hunger because of the perishable nature of fruits and vegetables. Apeel Sciences has come across as a major breakthrough in preserving the quality of fresh produce for a long time.

    This article talks about Apeel Sciences, how it was founded, its founder, business and revenue model, funding, partners, and more.

    Apeel Sciences – Company Highlights

    Company Name Apeel Sciences
    Headquarters Goleta, California, United States
    Sector Biotechnology Research
    Founders James Rogers
    Founded In 2012
    Valuation $2B (2022)
    Website Apeel.com

    Apeel Sciences – About
    Apeel Sciences – Founders and Team
    Apeel Sciences – Startup Story
    Apeel Sciences – Mission and Vision
    Apeel Sciences – Business Model
    Apeel Sciences – Revenue Model
    Apeel Sciences – Products and Services
    Apeel Sciences – Challenges Faced
    Apeel Sciences – Funding and Investors
    Apeel Sciences – Mergers and Acquisitions
    Apeel Sciences – Patents and Trademarks
    Apeel Sciences – Growth
    Apeel Sciences – Social Media Presence
    Apeel Sciences – Partners
    Apeel Sciences – Awards and Achievements
    Apeel Sciences – Competitors
    Apeel Sciences – Future Plan

    Apeel Sciences – About

    Apeel Sciences, popularly known as Apeel, is inspired by nature’s own technology. Every plant on Earth, from oranges to raspberries, has its own peel or skin that protects them. The company uses the edible materials found in the skin, seeds, pulp, and peels of every fruit and vegetable to keep the produce fresh for longer.

    Apeel Sciences serves small growers to the world’s top retailers with delicious, nutritious, and longer-lasting produce in the U.S., Chile, Canada, Japan, China, South Africa, Mexico, the U.K., Switzerland, Kenya, and many other countries.

    Apeel Sciences – Founders and Team

    James Roger is the founder and CEO of Apeel Sciences. He completed B.S. in Materials Science and Engineering from Carnegie Mellon University, an M.A. in Economics, and a Ph.D. in Materials from U.C. Santa Barbara.

    In addition to founding Apeel Sciences, he is a Board of Directors member at the UCSB Alumni Association, a Young Global Leader at the World Economic Forum, and a Board of Trustees member at the Santa Barbara Foundation.

    James Roger - Founder and CEO, Apeel Sciences
    James Roger – Founder and CEO, Apeel Sciences

    Appel Sciences is a team of around 340 employees.

    Apeel Sciences – Startup Story

    While driving home, James Roger was listening to a podcast on global hunger and thought of having magical seeds that could absorb water and sunlight, produce food, and self-propagate. The thought stuck with him, and he decided to understand the reason for global hunger despite the abundance of food worldwide. Eventually, he came across a paper that stated all produce was seasonal and perishable. It’s when he realized that the perishability of production is the issue.

    He identified some critical missing links to the food supply and demand problem, and his background in metallurgy became a critical link to his billion-dollar startup idea. Like a barrier around stainless steel, he thought of inventing an edible barrier around the food that could help food last longer.

    He sharpened his idea and founded Apeel Sciences in 2012 after receiving a grant worth $100,000 from the Bill and Melinda Gates Foundation. The primary purpose behind this grant was to reduce post-harvest food waste in developing countries lacking refrigeration infrastructure.

    Since its inception, the company is developing products for two categories- USDA Organic Certified and conventional produce.

    Apeel Sciences – Mission and Vision

    Apeel Sciences’ mission is to make exceptional quality, longer-lasting produce that helps prevent food waste- creating value throughout the supply chain and a more abundant future for human beings.

    Apeel Sciences – Business Model

    Apeel Sciences dramatically slows spoils’ production rate by maintaining moisture and reducing oxidation. The company supports the natural abilities of the plants to protect against environmental stress. The top layer of the plant’s peel, the cuticle layer, keeps moisture in while allowing the plant to breathe without letting it dry. Apeel Sciences forms a thin edible ‘peel’ on the fruit’s surface, similar to the plant’s cuticle layer, to protect fresh produce.

    Apeel is composed of purified monoglycerides and diglycerides, edible compounds verified by regulatory authorities worldwide, including Health Canada, the Food and Drug Administration (FDA), and the World Health Organization (WHO).

    Apeel Sciences – Revenue Model

    Apeel Science generates revenue by selling its edible coating powder, application equipment, and onsite service team to small, mid, and large-sized growers and farmers.

    Apeel Sciences – Products and Services

    The company offers Edipeel, a thin, edible post-harvest coating made from plant-derived materials. Moreover, Edipeel is allowed to use on fruits and vegetables, including Avacados, English Cucumbers, Limes, Mandarins, Oranges, Organic Apples, Lemons, Grapefruit, Mangoes, Papayas, Pineapples, Pomegranates, Bananas, and more.

    Apeel Sciences - Fruit with Apeel after 31 days
    Apeel Sciences – Fruit with Edipeel 

    Apeel Sciences – Challenges Faced

    Recently, posts on Facebook and Twitter confuse two different products Apeel – a hard surface cleaner produced by a U.K. company, and Apeel Sciences. These social media posts claimed that Edipeel is harmful to human health.

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    Apeel Sciences – Funding and Investors

    Apeel Sciences raised a total amount of $719.1 million over 10 funding rounds. Its latest funding round – Debt Financing, was held on June 29, 2022, and raised $4 million. 33 investors fund the company, including Andreessen Horowitz, Upfront Ventures, DBL Partners, Powerplant Ventures, S2G Ventures, The Bill & Melinda Gates Foundation, and others.

    Date Round Number of Investors Money Raised Lead Investor
    June 29, 2022 Debt Financing 2 $4 million –
    January 1, 2022 Debt Financing – $75 million –
    August 18, 2021 Series E 16 $250 million Temasek
    October 27, 2020 Venture Round 3 $30 million –
    May 26, 2020 Series D 7 $250 million GIC
    July 31, 2018 Series C 4 $70 million Viking Global Investors
    December 13, 2016 Series B 8 $33 million –
    June 25, 2014 Series A 4 $5.8 million –
    December 31, 2013 Seed Round 4 $1.3 million –
    November 1, 2012 Grant 1 $100k Bill & Melinda Gates Foundation

    Apeel Sciences – Mergers and Acquisitions

    Apeel Sciences acquired ImpactVision on May 11, 2021, to use its imaging and machine learning technologies to allow food suppliers to collect quantifiable data about products, like freshness, ripeness, and nutritional density.

    Apeel Sciences – Patents and Trademarks

    Apeel Sciences has 64 registered patents, with ‘Food or Foodstuffs; Their Treatment, Not Covered by Other Classes’ primary category. Additionally, it has 24 registered trademarks, with ‘Agricultural Products; Live Animals’ as the most popular class.

    Apeel Sciences – Growth

    Apeel Sciences have prevented 44 million fruits from being wasted, avoided 7,000 metric tons of CO2-eq of greenhouse gas emissions, and conserved 1.7 billion of water. The estimated annual revenue of the company in 2022 is $88.1 million ($264,571 revenue per employee).

    Furthermore, in 2022 Apple Sciences’ valuation was $2 billion. The employee count increased by -35%, and the web visits growth rate is 154.84%.

    How Apeel Works

    Apeel Sciences – Social Media Presence

    Apeel Sciences has a fair share of presence on multiple social media platforms:

    Social Media Platform Followers
    Instagram 15.3K
    LinkedIn 31.9K
    Facebook 5.4K
    YouTube 2.04K
    Twitter 4.7K

    Apeel Sciences – Partners

    Apeel Sciences has partnered with the following:

    • EDEKA
    • Asda
    • Nature’s Pride
    • Kroger
    • Houweling Group
    • Topline Farms

    Apeel Sciences – Awards and Achievements

    Some main achievements of Apeel Sciences are as follows:

    • ‘Technology of the Year Award in 2019 by the University of California (U.C.) Santa Barbara
    • Selected for Rabobank Food & Agribusiness Industry Leadership Awards in 2018

    Apeel Sciences – Competitors

    Apeel Sciences ranks 2nd among its 17 active competitors. Here are some of its main competitors:

    • Karma
    • Ryp Labs
    • Full Harvest
    • PureSpace
    • Eden Agritech
    • More
    • Neolithics
    • AgroSustain

    Apeel Sciences – Future Plan

    Apeel Sciences plan to build a smarter supply chain by leveraging advanced technology to maximize the lifespan, quality, and sustainability of fresh fruits and vegetables.

    FAQs

    What does Apeel Sciences do?

    Apeel Sciences, popularly known as Apeel, is inspired by nature’s own technology. Every plant on Earth, from oranges to raspberries, has its own peel or skin that protects them. The company uses the edible materials found in the skin, seeds, pulp, and peels of every fruit and vegetable to keep the produce fresh for longer.

    Who founded Apeel Sciences?

    James Roger founded Apeel Sciences in 2012.

    Who are the main competitors of Apeel Sciences?

    Here are some of its main competitors:

    • Karma
    • Ryp Labs
    • Full Harvest
    • PureSpace
    • Eden Agritech
    • More
    • Neolithics
    • AgroSustain