About Candi
Candi is a company based in Lafayette (United States) founded in 2009 was acquired by Altair in May 2018.. Candi has raised $4 million across 1 funding round from investors including Altair. The company has 12 employees as of December 31, 2017. Candi operates in a competitive market with competitors including Celeno, Memfault, Xyte, Hara and Kii, among others.
- Headquarter Lafayette, United States
- Employees 12 as on 31 Dec, 2017
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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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- Legal Name Candi Controls
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Funding Insights of Candi
Candi has successfully raised a total of $4M through 1 strategic funding round. The most recent funding activity was a Series B round of $4 million completed in June 2015. 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 — $4.0M
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First Round
First Round
(16 Jun 2015)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2015 | Amount | Series B - Candi | 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 |
investors |
Investors in Candi
Candi has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Altair. 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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AI-powered data science platform enables model deployment and analytics insights.
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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 Candi
| 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 - Candi
| 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 |
Candi Comparisons
Competitors of Candi
Candi 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 Celeno, Memfault, Xyte, Hara and Kii, 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 |
Provides high performance WiFi chips and software
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| domain | founded_year | HQ Location |
Embedded software patch management is delivered for consumer electronics devices.
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| domain | founded_year | HQ Location |
Cloud-based servitization platform is provided for OEM connected devices.
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| domain | founded_year | HQ Location |
Energy and sustainability management is facilitated via a cloud-based platform.
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| domain | founded_year | HQ Location |
Mobile Backend-as-a-Service and IoT cloud platform are offered by Kii.
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| domain | founded_year | HQ Location |
Cloud-based platforms and devices for IoT remote applications are developed.
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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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Frequently Asked Questions about Candi
When was Candi founded?
Candi was founded in 2009 and raised its 1st funding round 6 years after it was founded.
Where is Candi located?
Candi is headquartered in Lafayette, United States. It is registered at Lafayette, Louisiana, United States.
Is Candi a funded company?
Candi is a funded company, having raised a total of $4M across 1 funding round to date. The company's 1st funding round was a Series B of $4M, raised on Jun 16, 2015.
How many employees does Candi have?
As of Dec 31, 2017, the latest employee count at Candi is 12.
What does Candi do?
Candi Controls, is an early stage Lafayette, California based company. Candis cloud-based service connects energy companies, telecoms, MSOs and manufacturers to the widest array of everyday devices in their customers homes and businesses. They make machine-to-machine communications (M2M) and multi-system integration transparent for businesses and their customers. Candis API, Drivers and Interface Library link products, protocols and relevant data over the web. Enables device control, monitoring, data acquisition and service, regardless of platform, protocol, environment or manufacturer. Candis target market is service providers in the energy and telecommunicationsdata industries, specifically utilities, telecoms, MSOs, and the systems integrators and manufacturers associated with those industries. Geographic targets are the Americas, EuropeUK and the Middle East, and developed Australasia.
Who are the top competitors of Candi?
Candi's top competitors include Memfault, Hara and Arch Systems.
Who are Candi's investors?
Candi has 1 investor. Key investors include Altair.