About Devron
Devron is a company based in North Brunswick (United States) founded in 2020 by Kartik Chopra. It operates as a B2B. Devron has raised $15 million across 2 funding rounds from investors including Tiger Global, FinTech Collective and Afore Capital. Devron operates in a competitive market with competitors including Flower, FLock, FedML, DiscreetAI and Basilica, among others.
- Headquarter North Brunswick, United States
- Founders Kartik Chopra
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Sectors
Technology
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Phone
*********
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Website
*********
- Legal Name Devron Corporation
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$15 M (USD)
in 2 rounds
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Latest Funding Round
$12 M (USD), Series A
Feb 09, 2022
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Investors
Tiger Global
& 3 more
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Employee Count
Employee Count
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Funding Insights of Devron
Devron has successfully raised a total of $15M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $12 million completed in February 2022. 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 — $12.0M
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First Round
First Round
(23 Nov 2020)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2022 | Amount | Series A - Devron | Valuation | Tiger Global Management | |
| Nov, 2020 | Amount | Seed - Devron | 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 Devron
Devron has secured backing from 4 investors, including venture fund investors. Prominent investors backing the company include Tiger Global, FinTech Collective and Afore Capital. 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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Venture and private equity investments are managed with global diversification.
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Founded Year | Domain | Location | |
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Investments in FinTech startups are managed by the firm.
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Founded Year | Domain | Location | |
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Seed-stage tech investments in US companies are funded.
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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 Devron
| 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 - Devron
| 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 |
Devron Comparisons
Competitors of Devron
Devron 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 Flower, FLock, FedML, DiscreetAI and Basilica, 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 |
Flower is recognized as a federated AI framework provider.
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| domain | founded_year | HQ Location |
Provider of a platform for federated machine learning on blockchain
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| domain | founded_year | HQ Location |
An open-source MLOps platform for research is provided.
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| domain | founded_year | HQ Location |
Decentralized training solutions for machine learning models are offered.
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| domain | founded_year | HQ Location |
High-dimensional data like images and text is embedded via API.
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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 Devron
Frequently Asked Questions about Devron
When was Devron founded?
Devron was founded in 2020.
Where is Devron located?
Devron is headquartered in North Brunswick, United States. It is registered at North Brunswick, New Jersey, United States.
Who is the current CEO of Devron?
Kartik Chopra is the current CEO of Devron. They have also founded this company.
Is Devron a funded company?
Devron is a funded company, having raised a total of $15M across 2 funding rounds to date. The company's 1st funding round was a Seed of $3M, raised on Nov 23, 2020.
What does Devron do?
Devron, led by Kartik Chopra as Founder, CEO, specializes in leveraging cutting-edge technology, ai and data science, machine learning platforms, and data science solutions. Delivers comprehensive machine learning and data science platforms. The team drives innovation, quality service, and sustainable practices to achieve excellence and client satisfaction.
Who are Devron's investors?
Devron has 4 investors. Key investors include Tiger Global, FinTech Collective, Afore Capital, and Essence VC.