About Dessa
Dessa is a company based in Toronto (Canada) founded in 2015 by Stephen Piron, Ragavan Thurairatnam, Vincent F Wong, and Eric Kin-Ho Lee was acquired by Square in February 2020.. Dessa has raised $9 million across 2 funding rounds from investors including Square. The company has 18 employees as of December 31, 2024. Dessa operates in a competitive market with competitors including Element AI, TAZI, Razor Labs, AIATOR and Aptus.AI, among others.
- Headquarter Toronto, Canada
- Employees 18 as on 31 Dec, 2024
- Founders Stephen Piron, Ragavan Thurairatnam, Vincent F Wong, Eric Kin-Ho Lee
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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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Funding Insights of Dessa
Dessa has successfully raised a total of $9M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $9 million completed in September 2017. 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 2
- Last Round Series A — $9.0M
- First Round First Round
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Sep, 2017 | Amount | Series A - Dessa | Valuation |
investors |
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| Sep, 2017 | Amount | Series A - Dessa | Valuation |
investors |
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| 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 |
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Investors in Dessa
Dessa has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Square. 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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POS solutions are provided for retail businesses.
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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 Dessa
| 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 - Dessa
| 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 |
Dessa Comparisons
Competitors of Dessa
Dessa 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 Element AI, TAZI, Razor Labs, AIATOR and Aptus.AI, 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 |
Custom AI development solutions are provided for enterprises.
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| domain | founded_year | HQ Location |
Machine learning services are provided to enterprises by TAZI.
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| domain | founded_year | HQ Location |
Provider of custom services using artificial intelligence and deep learning technologies
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| domain | founded_year | HQ Location |
Custom AI solutions are provided using proprietary neural network framework.
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| domain | founded_year | HQ Location |
AI and deep learning solutions for data analysis are 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 Dessa
Frequently Asked Questions about Dessa
When was Dessa founded?
Dessa was founded in 2015 and raised its 1st funding round 2 years after it was founded.
Where is Dessa located?
Dessa is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
Who is the current CEO of Dessa?
Stephen Piron is the current CEO of Dessa. They have also founded this company.
Is Dessa a funded company?
Dessa is a funded company, having raised a total of $9M across 2 funding rounds to date.
How many employees does Dessa have?
As of Dec 31, 2024, the latest employee count at Dessa is 18.
What does Dessa do?
Dessa was established in 2015 in Toronto, Canada, by co-founders Stephen Piron, Ragavan Thurairatnam, Vincent F Wong, and Eric Kin-Ho Lee. Deep learning-based custom solutions are offered within the artificial intelligence sector. Operations focus on tailored implementations for clients across industries. Services encompass development and deployment of AI technologies, with a base in North American geography. Leadership is shared between Piron and Lee as co-CEOs.
Who are the top competitors of Dessa?
Dessa's top competitors include Element AI, AIATOR and Razor Labs.
Who are Dessa's investors?
Dessa has 1 investor. Key investors include Square.
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