About Beans.ai
Beans.ai is a company based in Palo Alto (United States) founded in 2018 by Nitin Gupta and Akash Agarwal. It operates as a API-as-a-Product, and SaaS (Software-as-a-Service). Beans.ai has raised $17 million across 1 funding round from investors including Mubadala, Venture Highway VC and Saama Capital. Beans.ai offers products and services including Geocoding API, Routing App & Dispatch, and Apartment Maps. Beans.ai operates in a competitive market with competitors including HERE, Zubie, OkHi, Routeware and Wise Systems, among others.
- Headquarter Palo Alto, United States
- Founders Nitin Gupta, Akash Agarwal
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Sectors
Transportation, Automotive & LogisticsReal Estate & Construction
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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 One Hundred Feet, Inc.
- Date of Incorporation 07 May, 2019
- Jurisdiction Bathinda, Punjab, India
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Annual Revenue
$273.46 K (USD)0as on Mar 31, 2022
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Net Profit
$7.75 K (USD)0as on Mar 31, 2022
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EBITDA
$19.86 K (USD)0as on Mar 31, 2022
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Total Equity Funding
$17 M (USD)
in 1 rounds
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Latest Funding Round
$17 M (USD), Series B
Oct 29, 2021
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Investors
Mubadala
& 3 more
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Employee Count
Employee Count
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Products & Services of Beans.ai
Beans.ai offers a comprehensive portfolio of products and services, including Geocoding API, Routing App & Dispatch, and Apartment Maps. 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.
Accurate navigation points for deliveries are provided efficiently.
End-to-end solutions for daily operations are offered comprehensively.
2D and 3D maps for apartments are created accurately.
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Funding Insights of Beans.ai
Beans.ai has successfully raised a total of $17M through 1 strategic funding round. The most recent funding activity was a Series B round of $17 million completed in October 2021. 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 1
- Last Round Series B — $17.0M
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First Round
First Round
(29 Oct 2021)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2021 | Amount | Series B - Beans.ai | Valuation | Saama Capital , Amit Singhal |
| 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 Beans.ai
Beans.ai has secured backing from 4 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Mubadala, Venture Highway VC and Saama Capital. 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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Venture capital investments and partnerships in diverse sectors.
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Founded Year | Domain | Location | |
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Early-stage investments are made in fintech, retail, and healthtech sectors.
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Founded Year | Domain | Location | |
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Sovereign wealth fund of United Arab Emirates
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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 Beans.ai
| 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 - Beans.ai
| 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 |
Beans.Ai Comparisons
Competitors of Beans.ai
Beans.ai 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 HERE, Zubie, OkHi, Routeware and Wise Systems, 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 |
Location-based services and mapping solutions are provided globally.
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| domain | founded_year | HQ Location |
Vehicle data is monitored through plugin devices for usage-based insurance.
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| domain | founded_year | HQ Location |
Provider of address standardization solutions for the delivery businesses
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| domain | founded_year | HQ Location |
Fleet operations are managed through software solutions provided by Routeware.
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| domain | founded_year | HQ Location |
Offers AI & web-based route optimization software
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| domain | founded_year | HQ Location |
Property-related information is managed by homeowners via an online platform.
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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 Beans.Ai
Frequently Asked Questions about Beans.ai
When was Beans.ai founded?
Beans.ai was founded in 2018 and raised its 1st funding round 3 years after it was founded.
Where is Beans.ai located?
Beans.ai is headquartered in Palo Alto, United States. It is registered at Palo Alto, California, United States.
Is Beans.ai a funded company?
Beans.ai is a funded company, having raised a total of $17M across 1 funding round to date. The company's 1st funding round was a Series B of $17M, raised on Oct 29, 2021.
What is the annual revenue of Beans.ai?
Annual revenue of Beans.ai is $273.46K as on Mar 31, 2022.
What does Beans.ai do?
Location intelligence tools and APIs are developed by Beans.ai to enhance navigation and routing efficiency. Solutions for geocoding, reverse geocoding, address verification, and route planning are offered to industries such as transportation, logistics, telecom, real estate, and public safety. Comprehensive data and visualizations for apartment maps and indoor navigation are provided, alongside dispatch and routing platforms integrated with industry leaders. Delivery times are reduced through precise doorstep geocodes and semantic waypoints, supporting drivers in locating specific unit numbers and property features.
What products or services does Beans.ai offer?
Beans.ai offers Geocoding API, Routing App & Dispatch, and Apartment Maps.
Who are Beans.ai's investors?
Beans.ai has 4 investors. Key investors include Mubadala, Venture Highway VC, Saama Capital, and Amit Singhal.