About Determine
Determine is a company based in San Mateo (United States) founded in 1996 was acquired by Corcentric in February 2019.. Determine has raised $23.35 million across 10 funding rounds from investors including Corcentric. The company has 65 employees as of December 31, 2018. Determine has completed 2 acquisitions, including Iasta and b-pack. Determine operates in a competitive market with competitors including Coupa, Airbase, Bizongo, Procurify and Ivalua, among others.
- Headquarter San Mateo, United States
- Employees 65 as on 31 Dec, 2018
- Stage Public
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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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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$23.35 M (USD)
in 10 rounds
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Latest Funding Round
$2.52 M (USD), Post-IPO
Dec 28, 2016
- Investors
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Employee Count
65
as on Dec 31, 2018
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Investments & Acquisitions
Iasta
& 1 more
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Acquired by
Corcentric
(Feb 11, 2019)
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Leadership Team
33 people
Software Development Team
29 people
Sales and Marketing
17 people
Product Management Team
14 people
Senior Team
6 people
Data Analysis and Operations Team
6 people
Creative and Marketing Team
4 people
Operations Team
4 people
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Funding Insights of Determine
Determine has successfully raised a total of $23.35M across 10 strategic funding rounds. The most recent funding activity was a Post-IPO round of $2.52 million completed in December 2016. 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 10
- Last Round Post-IPO — $2.5M
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First Round
First Round
(05 Jun 2013)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2016 | Amount | Post-IPO - Determine | Valuation |
investors |
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| Dec, 2015 | Amount | Post-IPO - Determine | Valuation |
investors |
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| Mar, 2015 | Amount | Post-IPO - Determine | Valuation |
investors |
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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 Determine
Determine has secured backing from 1 investor. Prominent investors backing the company include Corcentric. 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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Cloud-based procurement automation solutions are delivered to businesses worldwide.
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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 Determine
Determine has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Iasta and b-pack. 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
|
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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Strategic sourcing and spend management software is provided by Iasta.
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2000 | ||||
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SaaS-based purchase-to-pay solutions are provided for procurement management.
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2000 |
| 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.
|
2014 |
Financial Statements - Determine
| 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 |
Determine Comparisons
Competitors of Determine
Determine 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 Coupa, Airbase, Bizongo, Procurify and Ivalua, 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 end-to-end spend management software is delivered for businesses.
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| domain | founded_year | HQ Location |
Procure-to-pay management software is offered for business operations.
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| domain | founded_year | HQ Location |
Platform offering AI-powered vendor digitization, procurement and supply chain financing solutions
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| domain | founded_year | HQ Location |
SaaS spend management software is used to automate procure-to-pay operations.
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| domain | founded_year | HQ Location |
Procurement management solutions are delivered for business operations.
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| domain | founded_year | HQ Location |
Cloud-based sourcing and procurement solutions are provided for multiple industries.
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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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Latest news on Determine
Frequently Asked Questions about Determine
When was Determine founded?
Determine was founded in 1996 and raised its 1st funding round 17 years after it was founded.
Where is Determine located?
Determine is headquartered in San Mateo, United States. It is registered at San Mateo, California, United States.
Is Determine a funded company?
Determine is a funded company, having raised a total of $23.35M across 10 funding rounds to date. The company's 1st funding round was a Post-IPO of $3M, raised on Jun 05, 2013.
How many employees does Determine have?
As of Dec 31, 2018, the latest employee count at Determine is 65.
What does Determine do?
Determine was founded in 1996 and is headquartered in San Mateo, United States. Enterprise software as a service is delivered for contract lifecycle management, strategic sourcing, supply management, and procure-to-pay processes. Tools for insights into eProcurement, eSourcing, spend analysis, supplier information, invoicing, and catalog management are included. Acquisitions of Iasta in 2014 and b-pack in 2015 expanded these capabilities.
Who are the top competitors of Determine?
How many acquisitions has Determine made?
Who are Determine's investors?
Determine has 1 investor. Key investors include Corcentric.