About Candi
Candi is a Technology company based in Lafayette (United States) founded in 2009, and was acquired by Altair in May 2018. Cloud assisted network device integration. Candi has raised $4 million across 1 funding round from investors including Altair. The company has 12 employees. The company was acqui-hired. Its focus areas include High Tech, Internet of Things Infrastructure, IoT Platforms and Device Management. Its legal entity is CANDI CONTROLS. Its competitors include Memfault, Hara and Kii; 3 of its 3 listed competitors have raised funding.
Company details
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.
- Headquarters Lafayette, United States
- Employees 12
- Stage Acquired
- SectorsTechnology
- Website candicontrols.com
- Social LinkedIn
- Acquired by Altair (May 2018)
- Legal Name Candi Controls
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 $4M
- Total Rounds 1
- Last Round Series B — $4M
- First Round $4M
(Jun 2015)
All 1 funding rounds of Candi with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun 2015 | $4M | Series B | – | – | – |
1 investors in total: 1 institutional.
Investors in Candi
Candi has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Altair.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
AI-powered data science platform enables model deployment and analytics insights. | 1985 | altair.com | Troy, United States |
Investor details for Candi
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Timeline of Candi
3 dated milestones of Candi across 9 years, from founding to its latest funding, stage changes and deals.
- Founded Candi is founded.
- Funding First funding round of $4.0M.
- Exit Acquired by Altair.
Competitors of Candi
Candi has 3 listed competitors in our database, 3 of them funded. They include Memfault, Hara and Kii.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| memfault.com | 2015 | San Francisco, United States | $35M | 41 | Embedded software patch management is delivered for consumer electronics devices. | |
| hara.com | 2008 | Minneapolis, United States | $45M | 630 | Energy and sustainability management is facilitated via a cloud-based platform. | |
| kii.com | 2010 | San Mateo, United States | $10.31M | Mobile Backend-as-a-Service and IoT cloud platform are offered by Kii. |
Detailed competitors of Candi
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Top companies in Industrial IoT & Smart Manufacturing
3 companies that operate in the same segment as Candi (Industrial IoT & Smart Manufacturing) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
AI-powered cloud-based vehicle tracking solutions are offered for fleet owners. | 2015 | San Francisco, California, United States | USD 915 M | USD 1.62 B | 5,792 | |
Cloud-based smart security cameras are manufactured for home use. | 1999 | Provo, Utah, United States | USD 172 M | USD 341.04 M | 11,275 | |
Cloud-based network infrastructure for IoT applications is provided. | 2004 | Boise, Idaho, United States | USD 154.85 M | USD 8.52 M | 165 |
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Frequently Asked Questions about Candi
Candi was founded in 2009 and raised its 1st funding round 6 years after it was founded.
Candi is headquartered in Lafayette, United States. It is registered at Lafayette, Louisiana, United States.
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 2015.
Candi has 12 employees.
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.
Candi has 1 investor. Key investors include Altair.
Candi operates through Candi Controls.
Yes. Candi was acquired by Altair in May 2018.