About Chordiant Software
Chordiant Software is a company based in Cambridge (United States) founded in 1983 was acquired by Pegasystems in March 2010.. Chordiant Software has raised $58 million across 3 funding rounds from investors including Pegasystems, Norwest Venture Partners and General Motors. The company has 2,453 employees as of December 31, 2022. Chordiant Software operates in a competitive market with competitors including Twilio, Genesys, Freshworks, Dialpad and Sprinklr, among others.
- Headquarter Cambridge, United States
- Employees 2453 as on 31 Dec, 2022
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Sectors
Technology
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Phone
*********
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Website
*********
- Legal Name Pegasystems 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
$58 M (USD)
in 3 rounds
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Latest Funding Round
$25 M (USD), Series B
Feb 01, 2004
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Investors
Pegasystems
& 7 more
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Employee Count
2453
as on Dec 31, 2022
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Acquired by
Pegasystems
(Mar 15, 2010)
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Funding Insights of Chordiant Software
Chordiant Software has successfully raised a total of $58M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $25 million completed in February 2004. 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 3
- Last Round Series B — $25.0M
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First Round
First Round
(18 Oct 1998)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2004 | Amount | Series B - Chordiant Software | Valuation |
investors |
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| Jun, 1999 | Amount | Series A - Chordiant Software | Valuation | Charter Growth Capital Fund | |
| Oct, 1998 | Amount | Series A - Chordiant Software | 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 Chordiant Software
Chordiant Software has secured backing from 8 investors, including venture fund and institutional investors. Prominent investors backing the company include Pegasystems, Norwest Venture Partners and General Motors. 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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Investment banking and growth capital solutions are provided by Charter Capital.
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Founded Year | Domain | Location | |
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Investments in technology companies are conducted globally by Battery Ventures.
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Founded Year | Domain | Location | |
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Brentwood Associates is engaged in growth-oriented private equity investments.
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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 Chordiant Software
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
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 - Chordiant Software
| 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 |
Chordiant Software Comparisons
Competitors of Chordiant Software
Chordiant Software 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, Genesys, Freshworks, Dialpad and Sprinklr, 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 |
Cloud-based omnichannel communication and customer engagement platform is utilized.
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| domain | founded_year | HQ Location |
Cloud-based omnichannel customer experience and contact center solutions are delivered.
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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 |
Cloud-based customer experience management software is provided for brands.
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| domain | founded_year | HQ Location |
Provider of customer communications management platform
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 Chordiant Software
When was Chordiant Software founded?
Chordiant Software was founded in 1983 and raised its 1st funding round 15 years after it was founded.
Where is Chordiant Software located?
Chordiant Software is headquartered in Cambridge, United States. It is registered at Cambridge, Massachusetts, United States.
Is Chordiant Software a funded company?
Chordiant Software is a funded company, having raised a total of $58M across 3 funding rounds to date. The company's 1st funding round was a Series A of $23M, raised on Oct 18, 1998.
How many employees does Chordiant Software have?
As of Dec 31, 2022, the latest employee count at Chordiant Software is 2,453.
What does Chordiant Software do?
Chordiant Software was founded in 1983 in Cambridge, United States, with operations centered on software solutions for customer relationship management, business process management, and enterprise decision management. Predictive applications were delivered to support marketing, customer service, and loyalty executives in analyzing customer behavior. Personalized, event-driven campaigns were enabled through the Marketing Director Suite, allowing development, execution, tracking, and refinement to improve interactions and measure outcomes.
Who are the top competitors of Chordiant Software?
Chordiant Software's top competitors include Twilio, Genesys and Freshworks.
Who are Chordiant Software's investors?
Chordiant Software has 8 investors. Key investors include Pegasystems, Norwest Venture Partners, General Motors, Charter Capital, and Battery Ventures.
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