About Comet
Comet is a company based in New York (United States) founded in 2017 by Nimrod Lahav and Gideon Mendels.. Comet has raised $63.02 million across 3 funding rounds from investors including Techstars, OpenView and Scale Venture Partners. Comet has completed 1 acquisition, including Stakion. Comet operates in a competitive market with competitors including Veritone, Anyscale, Abacus.AI, DataRobot and MindsDB, among others.
- Headquarter New York, United States
- Founders Nimrod Lahav, Gideon Mendels
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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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Funding Insights of Comet
Comet has successfully raised a total of $63.02M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $50 million completed in November 2021. 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 — $50.0M
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First Round
First Round
(01 Jun 2017)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Nov, 2021 | Amount | Series B - Comet | Valuation | OpenView | |
| Apr, 2021 | Amount | Series A - Comet | Valuation | Scale Venture Partners | |
| Jun, 2017 | Amount | Seed - Comet | Valuation | Techstars |
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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 Comet
Comet has secured backing from 5 investors, including venture fund investors. Prominent investors backing the company include Techstars, OpenView and Scale Venture Partners. 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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US expansion-stage companies are invested in by OpenView.
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Founded Year | Domain | Location | |
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Early-stage venture capital investments are focused on US companies.
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Early-stage venture capital is invested in US technology 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 Comet
Comet has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Stakion. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Provider of solutions for visibility and management of ML model lifecycle
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2019 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Comet
| 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 |
Comet Comparisons
Competitors of Comet
Comet 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 Veritone, Anyscale, Abacus.AI, DataRobot and MindsDB, 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.
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Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Comet
Frequently Asked Questions about Comet
When was Comet founded?
Comet was founded in 2017.
Where is Comet located?
Comet is headquartered in New York, United States. It is registered at New York, New York, United States.
Who is the current CEO of Comet?
Gideon Mendels is the current CEO of Comet. They have also founded this company.
Is Comet a funded company?
Comet is a funded company, having raised a total of $63.02M across 3 funding rounds to date. The company's 1st funding round was a Seed of $20K, raised on Jun 01, 2017.
What does Comet do?
Comet was founded in 2017 in New York, United States, within the AI and SaaS sector focused on machine learning. A platform is operated to supply tools for AI practitioners and teams, enabling model development through streamlined connections in the machine learning workflow. Experiment tracking features are included to facilitate comparison, explanation, and reproduction of models across applications.
Who are the top competitors of Comet?
How many acquisitions has Comet made?
Comet has made 1 acquisition, including Stakion.
Who are Comet's investors?
Comet has 5 investors. Key investors include Techstars, OpenView, Scale Venture Partners, Trilogy Equity Partners, and Two Sigma Ventures.
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