About 640 Labs
640 Labs is a company based in Chicago (United States) founded in 2013 was acquired by The Climate in December 2014.. 640 Labs has raised $5.65 million across 3 funding rounds from investors including The Climate and Serra Ventures. The company has 153 employees as of September 30, 2018. 640 Labs offers products and services including FieldView Drive 2.0 and FieldView App. 640 Labs operates in a competitive market with competitors including Krishify, Farm Dog, Gro Intelligence, Farmobile and AgTech Tools, among others.
- Headquarter Chicago, United States
- Employees 153 as on 30 Sep, 2018
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Sectors
AgricultureTechnology
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Phone
*********
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Website
*********
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Social
*********
- Legal Name The Climate Corporation
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$5.65 M (USD)
in 3 rounds
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Latest Funding Round
$3 M (USD), Series A
Oct 08, 2014
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Investors
The Climate
& 1 more
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Employee Count
153
as on Sep 30, 2018
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Acquired by
The Climate
(Dec 08, 2014)
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Products & Services of 640 Labs
640 Labs offers a comprehensive portfolio of products and services, including FieldView Drive 2.0 and FieldView App. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Hardware device for syncing farm data and prescriptions.
App for real-time crop data analysis and field management.
Funding Insights of 640 Labs
640 Labs has successfully raised a total of $5.65M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $3 million completed in October 2014. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series A — $3.0M
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2014 | Amount | Series A - 640 Labs | Valuation |
investors |
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| Jul, 2014 | Amount | Seed - 640 Labs | Valuation |
investors |
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| Jun, 2014 | Amount | Seed - 640 Labs | Valuation | Serra Ventures |
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| 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 640 Labs
640 Labs has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include The Climate and Serra Ventures. 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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Venture capital fund focused on Agtech and multiple sectors
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Founded Year | Domain | Location | |
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Integrated platform providing hardware and software for farm and weather data analytics
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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 640 Labs
| 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 |
Financial Statements - 640 Labs
| 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 |
640 Labs Comparisons
Competitors of 640 Labs
640 Labs 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 Krishify, Farm Dog, Gro Intelligence, Farmobile and AgTech Tools, 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 |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Farmers and retailers are connected through an app-based platform.
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| domain | founded_year | HQ Location |
Farm activity management software is developed for mapping and tracking.
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| domain | founded_year | HQ Location |
Operates as a platform for agricultural data insights and forecasting.
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| domain | founded_year | HQ Location |
Agricultural machinery data is collected and interpreted in real time.
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| domain | founded_year | HQ Location |
Real-time agricultural market data and analytics are provided.
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| domain | founded_year | HQ Location |
Biological products are developed for crop protection and nutrition.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
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 640 Labs
When was 640 Labs founded?
640 Labs was founded in 2013 and raised its 1st funding round 1 year after it was founded.
Where is 640 Labs located?
640 Labs is headquartered in Chicago, United States. It is registered at Chicago, Illinois, United States.
Is 640 Labs a funded company?
640 Labs is a funded company, having raised a total of $5.65M across 3 funding rounds to date.
How many employees does 640 Labs have?
As of Sep 30, 2018, the latest employee count at 640 Labs is 153.
What does 640 Labs do?
640Labs collects, stores and analyzes the agricultural data including weather and soil, and delivers it via cloud based platform to the farmers. The company built a plug-and-play wireless data tracking device to replace USB-stick collection methods which are normally used to collect field data.640Labs also provides analytics tool to farmers to make sense of these data. The company was acquired by Climate Corp in December 2014.
Who are the top competitors of 640 Labs?
What products or services does 640 Labs offer?
640 Labs offers FieldView Drive 2.0 and FieldView App.
Who are 640 Labs's investors?
640 Labs has 2 investors. Key investors include The Climate, and Serra Ventures.
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