About Black Ore
Black Ore is a company based in Austin (United States) founded in 2012 by Eyal Shinar.. Black Ore has raised $60 million across 1 funding round from investors including Khosla Ventures, Andreessen Horowitz and Oak HC/FT. Black Ore offers products and services including Tax Autopilot Platform. Black Ore operates in a competitive market with competitors including Twilio, Morningstar, Freshworks, Dialpad and IHS Markit, among others.
- Headquarter Austin, United States
- Founders Eyal Shinar
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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 Black Ore Technologies Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$60 M (USD)
in 1 rounds
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Latest Funding Round
$60 M (USD), Seed
Nov 07, 2023
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Investors
Khosla Ventures
& 12 more
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Employee Count
Employee Count
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Products & Services of Black Ore
Black Ore offers a comprehensive portfolio of products and services, including Tax Autopilot Platform. 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.
Automates 1040 tax prep for CPAs to save time and ensure accuracy.
Funding Insights of Black Ore
Black Ore has successfully raised a total of $60M through 1 strategic funding round. The most recent funding activity was a Seed round of $60 million completed in November 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 1
- Last Round Seed — $60.0M
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First Round
First Round
(07 Nov 2023)
- Investors Count 13
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2023 | Amount | Seed - Black Ore | Valuation | a16z , Oak HC/FT |
| 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 Black Ore
Black Ore has secured backing from 13 investors, including venture fund and angel investors. Prominent investors backing the company include Khosla Ventures, Andreessen Horowitz and Oak HC/FT. 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 in technology sectors are handled by Andreessen Horowitz.
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Investments are made in early-stage healthtech and fintech startups.
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Founded Year | Domain | Location | |
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Investment and transformation services for entrepreneurs in technology and finance 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 Black Ore
| 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 - Black Ore
| 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 |
Black Ore Comparisons
Competitors of Black Ore
Black Ore 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 Twilio, Morningstar, Freshworks, Dialpad and IHS Markit, 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 |
Cloud-based omnichannel communication and customer engagement platform is utilized.
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Financial data and investment advisory tools are offered online.
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| domain | founded_year | HQ Location |
Cloud-based business process management suite solutions are delivered.
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| domain | founded_year | HQ Location |
Cloud-based unified communication solutions including voice and video are provided.
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| domain | founded_year | HQ Location |
Online data source platform for information, analytics, and solutions for governments and financial markets
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| domain | founded_year | HQ Location |
Cloud-based customer experience management software is provided for brands.
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| Company Name | Domain | Founded year | HQ Location | Description |
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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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| 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 Black Ore
Frequently Asked Questions about Black Ore
When was Black Ore founded?
Black Ore was founded in 2012 and raised its 1st funding round 11 years after it was founded.
Where is Black Ore located?
Black Ore is headquartered in Austin, United States. It is registered at Austin, Texas, United States.
Who is the current CEO of Black Ore?
Eyal Shinar is the current CEO of Black Ore. They have also founded this company.
Is Black Ore a funded company?
Black Ore is a funded company, having raised a total of $60M across 1 funding round to date. The company's 1st funding round was a Seed of $60M, raised on Nov 07, 2023.
What does Black Ore do?
Black Ore was founded in 2012 and is headquartered in Austin, United States. Artificial intelligence is leveraged by the company to develop products and services that alter consumer interactions in professional settings. Operations focus on technology solutions for working professionals, with the domain blackore.ai maintained. Eyal Shinar is positioned as co-founder and CEO.
Who are the top competitors of Black Ore?
Black Ore's top competitors include Twilio, Morningstar and IHS Markit.
What products or services does Black Ore offer?
Black Ore offers Tax Autopilot Platform.
Who are Black Ore's investors?
Black Ore has 13 investors. Key investors include Khosla Ventures, Andreessen Horowitz, Oak HC/FT, General Catalyst, and Founders Fund.
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