About Bitfusion
Bitfusion is a company based in Austin (United States) founded in 2014 was acquired by VMware in July 2019.. Bitfusion has raised $9.21 million across 4 funding rounds from investors including VMware, Samsung SDS and Vanedge Capital. Bitfusion operates in a competitive market with competitors including Abacus.AI, Distributional, Kolena, DeePhi Tech and Openlayer, among others.
- Headquarter Austin, United States
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Sectors
Technology
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Phone
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Website
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Social
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Leadership Team
112 people
Software Development Team
108 people
Sales and Marketing
74 people
Senior Team
32 people
Product Management Team
25 people
Creative and Marketing Team
14 people
Legal and Compliance
13 people
Principal Team
12 people
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Funding Insights of Bitfusion
Bitfusion has successfully raised a total of $9.21M across 4 strategic funding rounds. 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 Last Round
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First Round
First Round
(05 May 2015)
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2018 | Amount | Series A - Bitfusion | Valuation | Samsung SDS |
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| Sep, 2017 | Amount | Series A - Bitfusion | Valuation |
investors |
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| May, 2017 | Amount | Series A - Bitfusion | Valuation | Vanedge Capital |
| 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 Bitfusion
Bitfusion has secured backing from 10 investors, including institutional and venture fund investors. Prominent investors backing the company include VMware, Samsung SDS and Vanedge 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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Early-stage venture capital is invested in US and Canadian companies.
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Founded Year | Domain | Location | |
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Early-stage venture capital investments in AI, healthcare, and enterprise technologies.
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Founded Year | Domain | Location | |
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Venture capital firm focused on multiple sectors
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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 Bitfusion
| 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 - Bitfusion
| 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 |
Bitfusion Comparisons
Competitors of Bitfusion
Bitfusion 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 Abacus.AI, Distributional, Kolena, DeePhi Tech and Openlayer, 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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| domain | founded_year | HQ Location |
Provides AI based data models creation for data science
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AI technologies are tested and evaluated via a dedicated platform.
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ML model testing platform for NLP, LLMs, computer vision, and structured data
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Deep learning technologies for AI neural network optimization are developed.
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| domain | founded_year | HQ Location |
AI evaluation and observability platform is provided for enterprise applications.
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An ML optimization platform for edge AI applications is provided.
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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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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 Bitfusion
Frequently Asked Questions about Bitfusion
When was Bitfusion founded?
Bitfusion was founded in 2014 and raised its 1st funding round 1 year after it was founded.
Where is Bitfusion located?
Bitfusion is headquartered in Austin, United States. It is registered at Austin, Texas, United States.
Is Bitfusion a funded company?
Bitfusion is a funded company, having raised a total of $9.21M across 4 funding rounds to date. The company's 1st funding round was a Series A of $6.76M, raised on May 05, 2015.
What does Bitfusion do?
Bitfusion was founded in 2014 in Austin, United States, as a provider in the AI and machine learning sector. A cloud-based platform is offered for managing the lifecycle of AI applications, including development, training, testing, and deployment. A unified dashboard is utilized with integrated tools to support various frameworks. Multiple deployment options are available, alongside a software stack that features deep learning frameworks, data science libraries, and GPU resources.
Who are the top competitors of Bitfusion?
Bitfusion's top competitors include Abacus.AI, Distributional and Openlayer.
Who are Bitfusion's investors?
Bitfusion has 10 investors. Key investors include VMware, Samsung SDS, Vanedge Capital, Sierra Ventures, and DCVC.
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