About AspenTech
AspenTech is a company based in Bedford (United States) founded in 1981 was acquired by Emerson in June 2022.. AspenTech has raised $100 million across 3 funding rounds from investors including Emerson and Advent International. The company has 64 employees as of April 06, 2024. AspenTech has completed 11 acquisitions, including Apex Optimisation, Camo and Inmation. AspenTech offers products and services including Aspen Mtell, Aspen HYSYS, and Aspen PIMS. AspenTech operates in a competitive market with competitors including Plex Systems, AVEVA, Aker Solutions, HostBooks and CSE Global, among others.
- Headquarter Bedford, United States
- Employees 64 as on 06 Apr, 2024
- Stage Public
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Sectors
Energy & UtilitiesIndustrial Goods & Manufacturing
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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 Aspentech India Private Limited.
- Date of Incorporation 07 Dec, 2000
- Jurisdiction Delhi, India
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Annual Revenue
$5.21 M (USD)43.81as on Mar 31, 2023
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Net Profit
$528.6 K (USD)11.22as on Mar 31, 2023
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EBITDA
$903.21 K (USD)54.39as on Mar 31, 2023
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Total Equity Funding
$100 M (USD)
in 3 rounds
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Latest Funding Round
$100 M (USD), Private Equity Round
Aug 13, 2013
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Investors
Emerson
& 1 more
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Employee Count
64
as on Apr 06, 2024
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Investments & Acquisitions
Apex Optimisation
& 10 more
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Acquired by
Emerson
(Jun 01, 2022)
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Products & Services of AspenTech
AspenTech offers a comprehensive portfolio of products and services, including Aspen Mtell, Aspen HYSYS, and Aspen PIMS. 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.
Predictive maintenance software for industrial asset monitoring
Simulation tool for chemical process design and analysis
Planning software for refinery operations and optimization
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Funding Insights of AspenTech
AspenTech has successfully raised a total of $100M across 3 strategic funding rounds. The most recent funding activity was a Private Equity Round round of $100 million completed in August 2013. 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 Private Equity Round — $100.0M
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2013 | Amount | Private Equity Round - AspenTech | Valuation | Advent International |
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| Feb, 2002 | Amount | Post-IPO - AspenTech | Valuation |
investors |
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| Oct, 1991 | Amount | Private Equity Round - AspenTech | Valuation |
investors |
| 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 AspenTech
AspenTech has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include Emerson and Advent International. 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 firm focused on multiple sectors
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Founded Year | Domain | Location | |
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Automation and engineering services are provided for multiple industries.
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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 AspenTech
AspenTech has strategically engaged in corporate development activities, having acquired 11 companies. Notable acquisitions include Apex Optimisation, Camo and Inmation. 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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Provider of process control and optimisation engineering service
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2014 | ||||
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Tablet based online and offline data access and report submission for field crews
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2014 | ||||
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Provider of data analytical solutions to multiple industries
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2013 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
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 - AspenTech
| 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 |
Aspentech Comparisons
Competitors of AspenTech
AspenTech 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 Plex Systems, AVEVA, Aker Solutions, HostBooks and CSE Global, 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 |
Cloud-based manufacturing execution software solutions are provided by Plex Systems.
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| domain | founded_year | HQ Location |
Cloud-based data visualization and dashboard development are facilitated.
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| domain | founded_year | HQ Location |
Diversified solutions for oil and gas operations are provided worldwide.
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| domain | founded_year | HQ Location |
Agentic AI-powered ERP solutions are offered for multiple industries.
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| domain | founded_year | HQ Location |
System integration and automation solutions are provided for industrial applications.
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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 Aspentech
Frequently Asked Questions about AspenTech
When was AspenTech founded?
AspenTech was founded in 1981 and raised its 1st funding round 10 years after it was founded.
Where is AspenTech located?
AspenTech is headquartered in Bedford, United States.
Is AspenTech a funded company?
AspenTech is a funded company, having raised a total of $100M across 3 funding rounds to date.
How many employees does AspenTech have?
As of Apr 06, 2024, the latest employee count at AspenTech is 64.
What is the annual revenue of AspenTech?
Annual revenue of AspenTech is $5.21M as on Mar 31, 2023.
What does AspenTech do?
AspenTech was founded in 1981 in Bedford, United States. Software solutions focused on AI-driven optimization for manufacturing processes are developed and provided. Empirical models are utilized in applications for chemical plant design and process engineering. Tools for plant operations and supply chain management are also included, supporting industries such as chemical manufacturing across global operations.
Who are the top competitors of AspenTech?
AspenTech's top competitors include Plex Systems, HostBooks and AVEVA.
What products or services does AspenTech offer?
AspenTech offers Aspen Mtell, Aspen HYSYS, and Aspen PIMS.
How many acquisitions has AspenTech made?
AspenTech has made 11 acquisitions, including Apex Optimisation, Camo, and Inmation.
Who are AspenTech's investors?
AspenTech has 2 investors. Key investors include Emerson, and Advent International.
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