Abridean

Halifax, Canada Founded: 2000 • Age: 26 yrs Acquired By nCipher
Application provisioning and management platforms for providers and enterprises
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About Abridean

Abridean is a company based in Halifax (Canada) founded in 2000 was acquired by nCipher in October 2005.. Abridean has raised $4 million across 2 funding rounds from investors including nCipher, MMV Financial and Rising Tide Fund. Abridean operates in a competitive market with competitors including Semperis, Entevo, NetPro Computing, Zentyal and JiJi Technologies, among others.

  • Headquarter Halifax, Canada
  • Sectors
    Technology
  • Email
    ***********
  • Phone
    *********
  • Website
    *********
  • Social
    *********
Operational Areas
Technology → Cybersecurity & Privacy Solutions
Key Metrics
  • Annual Revenue
  • Net Profit
  • EBITDA
  • Total Equity Funding
    $4 M (USD)

    in 2 rounds

  • Latest Funding Round
    $2 M (USD), Debt – Venture

    May 18, 2005

  • Investors
    nCipher

    & 2 more

  • Employee Count
    Employee Count
  • Acquired by
    nCipher

    (Oct 21, 2005)

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Funding Insights of Abridean

Abridean has successfully raised a total of $4M across 2 strategic funding rounds. The most recent funding activity was a Debt – Venture round of $2 million completed in May 2005. 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 Rounds 2
  • Last Round Debt – Venture — $2.0M
  • First Round

    (15 Sep 2003)

  • Investors Count 2
Date Amount Transaction Name Valuation Lead Investors Investors
May, 2005 Amount Debt – Venture - Abridean Valuation

investors

Sep, 2003 Amount Series B - Abridean Valuation

investors

Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Jan, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Investors in Abridean

Abridean has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include nCipher, MMV Financial and Rising Tide Fund. 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.

All
Venture Fund
Investor Description Founded Year Domain Location
Tech & Life-Sciences focused Growth stage Venture Debt Firm investing in North America
Founded Year Domain Location
US focused stage-agnostic venture capital firm
Founded Year Domain Location
Encryption and key management systems, including HSMs, are provided.
Founded Year Domain Location
Investor Description Founded Year Domain Location
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
Founded Year Domain Location
Startup ecosystems are ignited through strategic investments by Signite Partners.
Founded Year Domain Location
Venture capital is directed toward companies in multiple sectors.
Founded Year Domain Location
Venture capital is invested in cybersecurity, fintech, and AI startups.
Founded Year Domain Location

Investments & Acquisitions by Abridean

Investments
Company Name Description Domain Location Founded Year Amount
Bionic investment advisor platform
2016
Fine Asian gourmet food is offered by an internet-first restaurant.
2016
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
2014
Fine Asian gourmet food is offered by an internet-first restaurant.
2016

Financial Statements - Abridean

Tata Steel revenue growth over time
Tata Steel profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Jan, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Abridean Comparisons

Employees
+
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Competitors of Abridean

Abridean 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 Semperis, Entevo, NetPro Computing, Zentyal and JiJi Technologies, 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.

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Latest news on Abridean

Frequently Asked Questions about Abridean

When was Abridean founded?

Abridean was founded in 2000 and raised its 1st funding round 3 years after it was founded.

Where is Abridean located?

Abridean is headquartered in Halifax, Canada. It is registered at Halifax, Nova Scotia, Canada.

Is Abridean a funded company?

Abridean is a funded company, having raised a total of $4M across 2 funding rounds to date. The company's 1st funding round was a Series B of $4M, raised on Sep 15, 2003.

What does Abridean do?

Abridean was founded in 2000 in Halifax, Canada, as a software company focused on the technology sector. Platforms for application provisioning and management are developed to support providers and enterprises. Technical and operational support is streamlined through these solutions, with predictable and repeatable transactions enabled across organizational processes. Operations are centered in Canada, serving global clients in enterprise software needs.

Who are the top competitors of Abridean?

Abridean's top competitors include Semperis, Entevo and JiJi Technologies.

Who are Abridean's investors?

Abridean has 3 investors. Key investors include nCipher, MMV Financial, and Rising Tide Fund.

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