About Converging Data
Converging Data is a company based in Sydney (Australia) founded in 2013 was acquired by Hippo Digital in December 2019.. Converging Data has raised $69.83 thousand across 1 funding round from investors including Hippo Digital, Deloitte and UK Steel Enterprise. Converging Data offers products and services including Digital Strategy, Engineering, and Research and Design. Converging Data operates in a competitive market with competitors including UST, NTT DATA, Breed Reply, Globant and 1&1 IONOS, among others.
- Headquarter Sydney, Australia
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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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- Legal Name Hippo Digital Ltd
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$69.83 K (USD)
in 1 rounds
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Latest Funding Round
$69.83 K (USD), Seed
Feb 06, 2018
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Investors
Hippo Digital
& 2 more
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Employee Count
Employee Count
- Acquired by
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Products & Services of Converging Data
Converging Data offers a comprehensive portfolio of products and services, including Digital Strategy, Engineering, and Research and Design. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Strategic consulting for digital transformation and delivery
Agile software engineering for enterprise solutions
Research and analysis for content and service design
Funding Insights of Converging Data
Converging Data has successfully raised a total of $69.83K through 1 strategic funding round. The most recent funding activity was a Seed round of $69.83 thousand completed in February 2018. 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 Seed — $69,826
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First Round
First Round
(06 Feb 2018)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2018 | Amount | Seed - Converging Data | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 Converging Data
Converging Data has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include Hippo Digital, Deloitte and UK Steel Enterprise. 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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Audit, financial advisory, risk management, and tax services are provided.
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Provider of digital services and strategic consulting for public and private 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 Converging Data
| 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 - Converging Data
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Converging Data Comparisons
Competitors of Converging Data
Converging Data 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 UST, NTT DATA, Breed Reply, Globant and 1&1 IONOS, 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 |
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High-quality office furniture is provided by UST for various needs.
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Application development, cloud, cybersecurity, and business intelligence services are provided.
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AI, cloud, and blockchain services are provided globally.
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IT and digital transformation services are delivered to various industries.
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Cloud infrastructure and hosting services are provided by 1&1 IONOS.
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Provider of end-to-end business process outsourcing services
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| Company Name | Domain | Founded year | HQ Location | Description |
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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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 Converging Data
Frequently Asked Questions about Converging Data
When was Converging Data founded?
Converging Data was founded in 2013 and raised its 1st funding round 5 years after it was founded.
Where is Converging Data located?
Converging Data is headquartered in Sydney, Australia. It is registered at Sydney, New South Wales, Australia.
Is Converging Data a funded company?
Converging Data is a funded company, having raised a total of $69.83K across 1 funding round to date. The company's 1st funding round was a Seed of $69.83K, raised on Feb 06, 2018.
What does Converging Data do?
Converging Data was founded in 2013 in Sydney, Australia, and operates in the IT services sector. Security events are monitored, responded to, and validated across business operations. Ansible and Terraform are utilized for automating software provisioning, configuration management, and application deployment. Item intelligence is delivered through the Impinj platform to track identity, location, and authenticity. IoT solutions, including Bushfire IoT and Cerebro Scanner, are also offered.
Who are the top competitors of Converging Data?
Converging Data's top competitors include Happiest Minds, 1&1 IONOS and Genpact.
What products or services does Converging Data offer?
Converging Data offers Digital Strategy, Engineering, and Research and Design.
Who are Converging Data's investors?
Converging Data has 3 investors. Key investors include Hippo Digital, Deloitte, and UK Steel Enterprise.
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