About ADA
ADA is a company based in Singapore (Singapore) founded in 2018 by Srinivas Gattamneni. It operates as a AI-as-a-Service, and Managed Services. ADA has raised $139.78 million across 4 funding rounds from investors including SoftBank, Mitsui & Co. and Sumitomo Corporation Equity Asia. ADA has completed 4 acquisitions, including Branderz, Customore and DhiOmics. ADA offers products and services including Data & AI CoPilot, Digital Commerce Solutions, Marketing CoPilot, and Customer Engagement CoPilot. ADA operates in a competitive market with competitors including UST, Genpact, NTT DATA, Endava and EXL, among others.
- Headquarter Singapore, Singapore
- Founders Srinivas Gattamneni
- Stage Minicorn
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Sectors
Business ServicesTechnology
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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 Ada Data Ai Solutions Sdn Bhd
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Products & Services of ADA
ADA offers a comprehensive portfolio of products and services, including Data & AI CoPilot, Digital Commerce Solutions, Marketing CoPilot, and Customer Engagement CoPilot. 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.
Data is transformed into strategic assets for enterprises.
End-to-end ecommerce solutions are provided for business scaling.
Full-funnel marketing strategies are designed for exceptional experiences.
Conversational AI solutions are offered for customer interaction.
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Funding Insights of ADA
ADA has successfully raised a total of $139.78M across 4 strategic funding rounds. The most recent funding activity was a Series C round of $58 million completed in November 2023. 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 4
- Last Round Series C — $58.0M
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First Round
First Round
(30 Jul 2018)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Nov, 2023 | Amount | Series C - ADA | Valuation | Mitsui |
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| May, 2021 | Amount | Series B - ADA | Valuation | SoftBank |
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| Jul, 2020 | Amount | Series A - ADA | Valuation | Sumitomo |
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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 |
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Investors in ADA
ADA has secured backing from 3 investors, including institutional and venture fund investors. Prominent investors backing the company include SoftBank, Mitsui & Co. and Sumitomo Corporation Equity Asia. 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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Private equity investments across Asia are handled by Sumitomo.
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Founded Year | Domain | Location | |
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Traditional conglomerate services are provided across multiple sectors by Mitsui.
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Founded Year | Domain | Location | |
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Mobile telecommunications, internet, and energy services are provided globally.
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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 ADA
ADA has strategically engaged in corporate development activities, having acquired 4 companies. Notable acquisitions include Branderz, Customore and DhiOmics. 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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Strategy development and consulting services are offered in India.
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2017 | ||||
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Branding services are provided by Branderz in Cambodia.
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2013 | ||||
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SEM and social media marketing services are provided by Customore.
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2008 |
| 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 - ADA
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Ada Comparisons
Competitors of ADA
ADA 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 UST, Genpact, NTT DATA, Endava and EXL, 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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High-quality office furniture is provided by UST for various needs.
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Provider of end-to-end business process outsourcing services
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Application development, cloud, cybersecurity, and business intelligence services are provided.
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Endava is engaged in digital transformation and AI-driven solutions.
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Analytics and digital solutions for healthcare and banking are provided.
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IT consulting, data analytics, and digital transformation services are provided.
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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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Latest news on Ada
Frequently Asked Questions about ADA
When was ADA founded?
ADA was founded in 2018.
Where is ADA located?
ADA is headquartered in Singapore, Singapore.
Who is the current CEO of ADA?
Srinivas Gattamneni is the current CEO of ADA. They have also founded this company.
Is ADA a funded company?
ADA is a funded company, having raised a total of $139.78M across 4 funding rounds to date. The company's 1st funding round was a Series A of $1.78M, raised on Jul 30, 2018.
What does ADA do?
ADA is engaged in transforming businesses through data, AI, and technology. Services are provided across sectors like digital commerce, marketing, and customer engagement. Solutions are designed to turn data into strategic assets, enabling enterprise value creation. Digital commerce capabilities are scaled through end-to-end ecommerce solutions. Marketing strategies are crafted for exceptional experiences and growth. Customer engagement is enhanced with conversational AI and messaging platforms. Impact is delivered globally with a presence in multiple Asian markets.
Who are the top competitors of ADA?
ADA's top competitors include EXL, Genpact and Persistent.
What products or services does ADA offer?
ADA offers Data & AI CoPilot, Digital Commerce Solutions, Marketing CoPilot, and Customer Engagement CoPilot.
How many acquisitions has ADA made?
Who are ADA's investors?
ADA has 3 investors. Key investors include SoftBank, Mitsui & Co., and Sumitomo Corporation Equity Asia.
What is ADA's valuation?
The valuation of ADA is $257.45M as of May 2021.
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