About Apprente
Apprente is a company based in Palo Alto (United States) founded in 2017 was acquired by IBM in October 2021.. Apprente has raised $4.75 million across 2 funding rounds from investors including IBM, McDonald's and AME Cloud Ventures. Apprente operates in a competitive market with competitors including OpenAI, Gupshup, Anthropic, LeadDesk and Ada, among others.
- Headquarter Palo Alto, United States
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Sectors
TechnologyConsumer
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Email
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Phone
*********
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Website
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Social
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Leadership Team
36 people
Human Resources and Administration
8 people
Sales and Marketing
8 people
Software Development Team
8 people
Legal and Compliance
5 people
Finance and Accounting
4 people
Product Management Team
4 people
Operations Team
3 people
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Funding Insights of Apprente
Apprente has successfully raised a total of $4.75M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $4.75 million completed in January 2018. 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 Seed — $4.8M
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First Round
First Round
(19 Sep 2017)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jan, 2018 | Amount | Seed - Apprente | Valuation | AME Cloud Ventures , Morado Ventures |
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| Sep, 2017 | Amount | Debt – Conventional - Apprente | 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 |
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Investors in Apprente
Apprente has secured backing from 7 investors, including venture fund and institutional investors. Prominent investors backing the company include IBM, McDonald's and AME Cloud 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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AME Cloud Ventures is focused on investing in data-driven technology companies.
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Founded Year | Domain | Location | |
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US based VC firm investing in seed stage
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Founded Year | Domain | Location | |
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Seed & early stage tech-focused VC firm investing primarily in the US
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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 Apprente
| 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 - Apprente
| 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 |
Apprente Comparisons
Competitors of Apprente
Apprente 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 OpenAI, Gupshup, Anthropic, LeadDesk and Ada, 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 |
OpenAI is engaged in developing advanced artificial intelligence technologies.
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| domain | founded_year | HQ Location |
Tools for customer engagement across multiple channels are provided.
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| domain | founded_year | HQ Location |
AI models and chatbots are offered for industry applications.
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| domain | founded_year | HQ Location |
Outbound calling software is offered by LeadDesk for sales automation.
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| domain | founded_year | HQ Location |
AI chatbots for customer experience automation are provided.
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| domain | founded_year | HQ Location |
Conversational AI platform for enterprises is provided by Avaamo.
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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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Latest news on Apprente
Frequently Asked Questions about Apprente
When was Apprente founded?
Apprente was founded in 2017.
Where is Apprente located?
Apprente is headquartered in Palo Alto, United States. It is registered at Palo Alto, California, United States.
Is Apprente a funded company?
Apprente is a funded company, having raised a total of $4.75M across 2 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $4.74M, raised on Sep 19, 2017.
What does Apprente do?
Founded in 2017 and based in Palo Alto, United States, Apprente operates in the artificial intelligence sector, with a focus on artificial general intelligence for customer service automation. Incremental learning systems are created to enable AI adaptation without skill loss, targeting quick-service restaurants. Ordering processes are automated across drive-thru stations, kiosks, and mobile platforms to streamline operations.
Who are the top competitors of Apprente?
Who are Apprente's investors?
Apprente has 7 investors. Key investors include IBM, McDonald's, AME Cloud Ventures, Morado Ventures, and Pathbreaker Ventures.
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