About Drift Technologies
Drift Technologies is a company based in Boston (United States) founded in 2015 by Elias Torres was acquired by SalesLoft in February 2024.. Drift Technologies has raised $107 million across 3 funding rounds from investors including HubSpot, SalesLoft and Sequoia Capital. The company has 453 employees as of December 31, 2022. Drift Technologies has completed 4 acquisitions, including Fetchnotes, Giant Otter Technologies and HYFY. Drift Technologies offers products and services including Cadence, Rhythm, Conversations, Drift, and Deals. Drift Technologies operates in a competitive market with competitors including SurveyMonkey, Qualtrics, Gupshup, LivePerson and Drift, among others.
- Headquarter Boston, United States
- Employees 453 as on 31 Dec, 2022
- Founders Elias Torres
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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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Annual Revenue
$1.87 M (USD)-15as on Dec 31, 2019
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Net Profit
$-269.65 K (USD)-12as on Dec 31, 2019
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EBITDA
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Total Equity Funding
$107 M (USD)
in 3 rounds
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Latest Funding Round
$60 M (USD), Series C
Apr 17, 2018
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Investors
HubSpot
& 7 more
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Employee Count
453
as on Dec 31, 2022
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Investments & Acquisitions
Fetchnotes
& 3 more
- Acquired by
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Products & Services of Drift Technologies
Drift Technologies offers a comprehensive portfolio of products and services, including Cadence, Rhythm, Conversations, Drift, and Deals. 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.
Tool for building and nurturing sales pipelines efficiently.
Platform for taking data-driven actions in sales processes.
System for gaining insights on buyers and sellers.
Tool for engaging website visitors and managing interactions.
Software for managing and closing sales opportunities.
Platform to turn sales data into actionable insights.
Tool for confidently predicting sales numbers.
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Funding Insights of Drift Technologies
Drift Technologies has successfully raised a total of $107M across 3 strategic funding rounds. The most recent funding activity was a Series C round of $60 million completed in April 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 3
- Last Round Series C — $60.0M
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First Round
First Round
(15 Jan 2015)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2018 | Amount | Series C - Drift Technologies | Valuation | Sequoia Capital | |
| Sep, 2017 | Amount | Series B - Drift Technologies | Valuation | General Catalyst | |
| Jan, 2015 | Amount | Series A - Drift Technologies | Valuation | CRV , General Catalyst |
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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 Drift Technologies
Drift Technologies has secured backing from 8 investors, including venture fund and institutional investors. Prominent investors backing the company include HubSpot, SalesLoft and Sequoia 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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Sequoia Capital is engaged in venture capital investments.
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Founded Year | Domain | Location | |
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Investment and transformation services for entrepreneurs in technology and finance sectors.
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Founded Year | Domain | Location | |
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CRV is recognized as a venture capital firm investing in technology startups.
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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 Drift Technologies
Drift Technologies has strategically engaged in corporate development activities, having acquired 4 companies. Notable acquisitions include Fetchnotes, Giant Otter Technologies and HYFY. 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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Personalized video clips are delivered to customers via email integrations.
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2015 | ||||
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Automated replies in email marketing campaigns are managed by Siftrock.
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2014 | ||||
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Artificial intelligence for real conversation
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2013 |
| 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 - Drift Technologies
| 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 |
Drift Technologies Comparisons
Competitors of Drift Technologies
Drift Technologies 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 SurveyMonkey, Qualtrics, Gupshup, LivePerson and Drift, 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 |
A cloud-based platform is utilized for creating customizable surveys.
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| domain | founded_year | HQ Location |
Surveys are created and feedback is collected through the platform.
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| domain | founded_year | HQ Location |
Tools for customer engagement across multiple channels are provided.
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| domain | founded_year | HQ Location |
Conversational AI platform is provided for digital customer experiences.
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| domain | founded_year | HQ Location |
Solutions for energy trading and tracking are provided by Drift.
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| domain | founded_year | HQ Location |
AI-powered platforms and services for customer experience management are provided.
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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 Drift Technologies
Frequently Asked Questions about Drift Technologies
When was Drift Technologies founded?
Drift Technologies was founded in 2015.
Where is Drift Technologies located?
Drift Technologies is headquartered in Boston, United States. It is registered at Boston, Massachusetts, United States.
Who is the current CEO of Drift Technologies?
Scott Ernst is the current CEO of Drift Technologies.
Is Drift Technologies a funded company?
Drift Technologies is a funded company, having raised a total of $107M across 3 funding rounds to date. The company's 1st funding round was a Series A of $15M, raised on Jan 15, 2015.
How many employees does Drift Technologies have?
As of Dec 31, 2022, the latest employee count at Drift Technologies is 453.
What is the annual revenue of Drift Technologies?
Annual revenue of Drift Technologies is $1.87M as on Dec 31, 2019.
What does Drift Technologies do?
Founded in 2015 and based in Boston, United States, Drift Technologies operates in the AI and cloud computing sector. Lead generation chatbots are offered to businesses, enabling customer segmentation and tracking based on intent and behavior. Tools for multi-channel engagement are provided, along with analytics for customer interactions. Live engagement with customers and prospects occurs on websites and within web applications.
Who are the top competitors of Drift Technologies?
Drift Technologies's top competitors include SurveyMonkey, Qualtrics and LivePerson.
What products or services does Drift Technologies offer?
Drift Technologies offers Cadence, Rhythm, Conversations, Drift, and 3 more products and services.
How many acquisitions has Drift Technologies made?
Drift Technologies has made 4 acquisitions, including Fetchnotes, Giant Otter Technologies, and HYFY.
Who are Drift Technologies's investors?
Drift Technologies has 8 investors. Key investors include HubSpot, SalesLoft, Sequoia Capital, General Catalyst, and CRV.
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