About Ambit Inc
Ambit Inc is a company based in Seattle (United States) founded in 2019 by Scott Brauer, Andrew McElroy, and Kevin Kane. It operates as a SaaS (Software-as-a-Service), and Managed Services. Ambit Inc has raised $1 million across 2 funding rounds from investors including HEST Ventures. Ambit Inc offers products and services including Ambit Client and MaxKyber® Protocol. Ambit Inc operates in a competitive market with competitors including Tailscale, NordVPN, QNu Labs, Array Networks and Hola VPN, among others.
- Headquarter Seattle, United States
- Founders Scott Brauer, Andrew McElroy, Kevin Kane
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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 American Binary
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$1 M (USD)
in 2 rounds
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Latest Funding Round
$1 M (USD), Private Equity Round
Jun 01, 2023
- Investors
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Employee Count
Employee Count
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Products & Services of Ambit Inc
Ambit Inc offers a comprehensive portfolio of products and services, including Ambit Client and MaxKyber® Protocol. 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.
Enterprise VPN with quantum-resistant cryptography is provided.
Quantum-resistant protocol for secure data transfer is implemented.
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Funding Insights of Ambit Inc
Ambit Inc has successfully raised a total of $1M across 2 strategic funding rounds. The most recent funding activity was a Private Equity Round round of $1 million completed in June 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 2
- Last Round Private Equity Round — $1.0M
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First Round
First Round
(08 May 2020)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jun, 2023 | Amount | Private Equity Round - Ambit Inc | Valuation | HEST Investments |
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| May, 2020 | Amount | Debt – Conventional - Ambit Inc | Valuation |
investors |
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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 Ambit Inc
Ambit Inc has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include HEST 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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Early-stage startups are supported by HEST Ventures through investments.
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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 Ambit Inc
| 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 - Ambit Inc
| 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 |
Ambit Inc Comparisons
Competitors of Ambit Inc
Ambit Inc 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 Tailscale, NordVPN, QNu Labs, Array Networks and Hola VPN, 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 |
VPN solutions based on WireGuard protocol are offered.
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| domain | founded_year | HQ Location |
Provider of encryption based VPN for secure and anonymous internet activity
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| domain | founded_year | HQ Location |
Cloud-based quantum cryptography solutions for secure communication are developed.
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| domain | founded_year | HQ Location |
Network Functions Virtualization platform provider
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| domain | founded_year | HQ Location |
VPN services for private browsing and video acceleration are offered.
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| domain | founded_year | HQ Location |
Personal VPN security solutions are provided for secure internet access.
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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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| 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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Latest news on Ambit Inc
Frequently Asked Questions about Ambit Inc
When was Ambit Inc founded?
Ambit Inc was founded in 2019 and raised its 1st funding round 1 year after it was founded.
Where is Ambit Inc located?
Ambit Inc is headquartered in Seattle, United States. It is registered at Seattle, Washington, United States.
Who is the current CEO of Ambit Inc?
Kevin Kane is the current CEO of Ambit Inc. They have also founded this company.
Is Ambit Inc a funded company?
Ambit Inc is a funded company, having raised a total of $1M across 2 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $200K, raised on May 08, 2020.
What does Ambit Inc do?
Ambit Inc, operating as American Binary, is focused on delivering quantum-secure VPN solutions through its primary product, Ambit Client. The company is specialized in cybersecurity, particularly in post-quantum cryptography compliant with CNSA 2.0 standards. Protection against Harvest Now, Decrypt Later (HNDL) attacks and future quantum threats is offered. Advanced networking technologies are utilized to ensure high data throughput and low latency. Solutions are provided for enterprise clients in SaaS and on-premises configurations, catering to sectors requiring robust data security.
Who are the top competitors of Ambit Inc?
What products or services does Ambit Inc offer?
Ambit Inc offers Ambit Client and MaxKyber® Protocol.
Who are Ambit Inc's investors?
Ambit Inc has 1 investor. Key investors include HEST Ventures.