About 10th Magnitude
10th Magnitude is a company based in Chicago (United States) founded in 2010 was acquired by Cognizant in September 2020.. The company has 27 employees as of December 31, 2016. 10th Magnitude has completed 1 acquisition, including Northwest Cadence. 10th Magnitude operates in a competitive market with competitors including Odoo, OutSystems, DigitalOcean, Heroku and Skytap, among others.
- Headquarter Chicago, United States
- Employees 27 as on 31 Dec, 2016
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Sectors
Technology
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name 10Th Magnitude, Inc
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Leadership Team
176 people
Software Development Team
128 people
Sales and Marketing
55 people
Data Analysis and Operations Team
43 people
Human Resources and Administration
40 people
Client Team
31 people
Finance and Accounting
29 people
Senior Team
19 people
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Funding Insights of 10th Magnitude
- Total Funding Total Funding
- Total Rounds 1
- Last Round Last Round
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Oct, 2016 | Amount | Private Equity Round - 10th Magnitude | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in 10th Magnitude
10th Magnitude has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include Cognizant and Pamlico Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Pamlico Capital is engaged in private equity investments for growth companies.
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Founded Year | Domain | Location | |
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Provider of software development, cloud & data management, and IT consulting services
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by 10th Magnitude
10th Magnitude has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Northwest Cadence. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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AI development, cloud computing, and technology services are provided.
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2007 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - 10th Magnitude
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
10Th Magnitude Comparisons
Competitors of 10th Magnitude
10th Magnitude operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Odoo, OutSystems, DigitalOcean, Heroku and Skytap, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Open-source business management software is developed with integrated modules.
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| domain | founded_year | HQ Location |
Low-code platform enables application development and deployment without coding.
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Cloud based integrated application development platform
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Saas based provider of integrated platform as a service solutions
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| domain | founded_year | HQ Location |
Cloud-based environments are delivered for application development and testing.
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| domain | founded_year | HQ Location |
Cloud based integrated solutons for software development
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about 10th Magnitude
When was 10th Magnitude founded?
10th Magnitude was founded in 2010 and raised its 1st funding round 6 years after it was founded.
Where is 10th Magnitude located?
10th Magnitude is headquartered in Chicago, United States. It is registered at Chicago, Illinois, United States.
How many employees does 10th Magnitude have?
As of Dec 31, 2016, the latest employee count at 10th Magnitude is 27.
What does 10th Magnitude do?
Founded in 2010 and headquartered in Chicago, United States, 10th Magnitude operates in the cloud computing sector as a Microsoft Gold Cloud and Chef Certified Partner. Services encompass Azure migrations, custom applications for web, media, and mobile; DevOps practices; and infrastructure automation. A managed cloud platform is maintained, featuring high availability, application performance monitoring, auto-scaling, storage backups, and disaster recovery.
Who are the top competitors of 10th Magnitude?
10th Magnitude's top competitors include DigitalOcean, Heroku and Odoo.
How many acquisitions has 10th Magnitude made?
10th Magnitude has made 1 acquisition, including Northwest Cadence.
Who are 10th Magnitude's investors?
10th Magnitude has 2 investors. Key investors include Cognizant, and Pamlico Capital.