About exaBITS
exaBITS is a company based in San Mateo (United States) founded in 2021 by Hoansoo Lee and Zachary Bright.. exaBITS has raised $15 million across 2 funding rounds from investors including Planet, IoTeX and Protocol Labs. exaBITS operates in a competitive market with competitors including Hewlett Packard Enterprise, Rescale, Theta Token, Northern Data and Cornami, among others.
- Headquarter San Mateo, United States
- Founders Hoansoo Lee, Zachary Bright
-
Sectors
Technology
-
Phone
*********
-
Website
*********
-
Social
*********
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Total Equity Funding
$15 M (USD)
in 2 rounds
-
Latest Funding Round
$15 M (USD), Seed
Dec 10, 2024
-
Investors
Planet
& 15 more
-
Employee Count
Employee Count
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Funding Insights of exaBITS
exaBITS has successfully raised a total of $15M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $15 million completed in December 2024. 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 Seed — $15.0M
- First Round First Round
- Investors Count 16
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2024 | Amount | Seed - exaBITS | Valuation |
investors |
|
| Feb, 2024 | Amount | Seed - exaBITS | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in exaBITS
exaBITS has secured backing from 16 investors, including venture fund and institutional investors. Prominent investors backing the company include Planet, IoTeX and Protocol Labs. 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 |
|---|---|---|---|---|
|
Web3 venture capital firm partnering on blockchain projects.
|
Founded Year | Domain | Location | |
|
Web3 startups are accelerated and supported by Outlier Ventures.
|
Founded Year | Domain | Location | |
|
Investment support is offered to startups and growing businesses.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by exaBITS
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - exaBITS
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Exabits Comparisons
Competitors of exaBITS
exaBITS 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 Hewlett Packard Enterprise, Rescale, Theta Token, Northern Data and Cornami, 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 |
HPC solutions are delivered via supercomputers and storage systems.
|
|
| domain | founded_year | HQ Location |
Provider of cloud based HPC services
|
|
| domain | founded_year | HQ Location |
Decentralized peer-to-peer video delivery is enabled through token rewards.
|
|
| domain | founded_year | HQ Location |
Platform offering hpc based cloud computing solutions
|
|
| domain | founded_year | HQ Location |
AI-powered microprocessors are supplied for parallel computing tasks.
|
|
| domain | founded_year | HQ Location |
AI-based supercomputers are built via a specialized platform.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Exabits
Frequently Asked Questions about exaBITS
When was exaBITS founded?
exaBITS was founded in 2021 and raised its 1st funding round 3 years after it was founded.
Where is exaBITS located?
exaBITS is headquartered in San Mateo, United States. It is registered at San Mateo, California, United States.
Is exaBITS a funded company?
exaBITS is a funded company, having raised a total of $15M across 2 funding rounds to date.
What does exaBITS do?
exaBITS was founded in 2021 in San Mateo, United States, focusing on the AI and high-performance computing sector. A decentralized infrastructure is operated for AI and computationally intensive applications. Processing speeds and data quantum are managed in real time through the platform. Users are enabled to participate in the AI compute process, earning rewards and revenue as a result.
Who are the top competitors of exaBITS?
exaBITS's top competitors include Rescale, Hewlett Packard Enterprise and Theta Token.
Who are exaBITS's investors?
exaBITS has 16 investors. Key investors include Planet, IoTeX, Protocol Labs, Hack VC, and Outlier Ventures.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.