About Cast Iron TIPs
Cast Iron TIPs is a company based in Mountain View (United States) founded in 2001 was acquired by IBM in May 2010.. Cast Iron TIPs has raised $64.66 million across 7 funding rounds from investors including IBM, Norwest Venture Partners and Sequoia Capital. Cast Iron TIPs operates in a competitive market with competitors including Megaport, Biznet Gio, Griddable, Lyatiss and SellIntegro, among others.
- Headquarter Mountain View, 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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- Legal Name India Cast Iron Systems Private Limited
- Date of Incorporation 11 Aug, 2005
- Jurisdiction Bangalore, Karnataka, India
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Funding Insights of Cast Iron TIPs
Cast Iron TIPs has successfully raised a total of $64.66M across 7 strategic funding rounds. The most recent funding activity was a Series F round of $2.5 million completed in August 2009. 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 7
- Last Round Series F — $2.5M
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First Round
First Round
(08 Jul 2003)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2009 | Amount | Series F - Cast Iron TIPs | Valuation |
investors |
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| Jun, 2009 | Amount | Series F - Cast Iron TIPs | Valuation |
investors |
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| Jul, 2007 | Amount | Series F - Cast Iron TIPs | Valuation |
investors |
| 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 Cast Iron TIPs
Cast Iron TIPs has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include IBM, Norwest Venture Partners and Sequoia 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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Sequoia Capital is engaged in venture capital investments.
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Founded Year | Domain | Location | |
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Venture capital and growth equity firm providing investments and resources to entrepreneurs in various sectors.
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Founded Year | Domain | Location | |
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Diversified asset management services are offered globally by Invesco.
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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 Cast Iron TIPs
| 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 - Cast Iron TIPs
| 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 |
Cast Iron Tips Comparisons
Competitors of Cast Iron TIPs
Cast Iron TIPs 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 Megaport, Biznet Gio, Griddable, Lyatiss and SellIntegro, 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 |
Platform offering cloud integration and connectivity solutions
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| domain | founded_year | HQ Location |
Provides cloud computing, hosting, and IT services for businesses in Indonesia.
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| domain | founded_year | HQ Location |
Synchronized data integration is enabled for hybrid cloud operations.
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| domain | founded_year | HQ Location |
Cloud based orchestration tool to integrate network resources
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| domain | founded_year | HQ Location |
Cloud integration platform for ERP systems and e-commerce 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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| 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 Cast Iron Tips
Frequently Asked Questions about Cast Iron TIPs
When was Cast Iron TIPs founded?
Cast Iron TIPs was founded in 2001 and raised its 1st funding round 2 years after it was founded.
Where is Cast Iron TIPs located?
Cast Iron TIPs is headquartered in Mountain View, United States. It is registered at Mountain View, California, United States.
Is Cast Iron TIPs a funded company?
Cast Iron TIPs is a funded company, having raised a total of $64.66M across 7 funding rounds to date. The company's 1st funding round was a Series F of $15.6M, raised on Jul 08, 2003.
What does Cast Iron TIPs do?
Cast Iron TIPs was founded in 2001 in Mountain View, United States, and operates in the cloud integration software sector. Cloud-based solutions are offered to small and mid-size businesses for integrating cloud and on-premise applications with existing infrastructure. Graphical configuration tools are utilized to enable integrations without coding, while mobile application support is included. The company was acquired by IBM on May 3, 2010.
Who are the top competitors of Cast Iron TIPs?
Cast Iron TIPs's top competitors include Megaport, SellIntegro and Griddable.
Who are Cast Iron TIPs's investors?
Cast Iron TIPs has 4 investors. Key investors include IBM, Norwest Venture Partners, Sequoia Capital, and Invesco.