About Faction
Faction is a company based in San Francisco (United States) founded in 2020 by Ain Mckendrick. It operates as a Mobility-as-a-Service, and SaaS (Software-as-a-Service). Faction has raised $4.3 million across 4 funding rounds from investors including TDK Ventures, Ducera Partners and Trucks Venture Capital. Faction offers products and services including Driverless Vehicle Platform, Vehicle On-Demand, and Software Suite. Faction operates in a competitive market with competitors including Nuro, Dmall, ARRYVED, Ocado Group and Fabric, among others.
- Headquarter San Francisco, United States
- Founders Ain Mckendrick
-
Sectors
RetailTransportation, Automotive & Logistics Industrial Goods & Manufacturing
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Faction Technology, Inc.
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Total Equity Funding
$4.3 M (USD)
in 4 rounds
-
Latest Funding Round
-
Investors
TDK Ventures
& 4 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
Products & Services of Faction
Faction offers a comprehensive portfolio of products and services, including Driverless Vehicle Platform, Vehicle On-Demand, and Software Suite. 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.
Driverless solutions are provided for delivery and transport.
On-demand driverless vehicles are enabled for ride-share services.
Integration software is offered for fleet and order management.
Unlock access to complete
Funding Insights of Faction
Faction has successfully raised a total of $4.3M across 4 strategic funding rounds. 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 4
- Last Round Last Round
- First Round First Round
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2023 | Amount | Series A - Faction | Valuation | TDK Ventures | |
| Dec, 2021 | Amount | Seed - Faction | Valuation | TDK Ventures |
|
| Jun, 2021 | Amount | Seed - Faction | Valuation | Trucks Venture Capital , Fifty Years |
|
| 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 Faction
Faction has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include TDK Ventures, Ducera Partners and Trucks Venture 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 |
|---|---|---|---|---|
|
Early-stage tech startups are invested in globally by TDK Ventures.
|
Founded Year | Domain | Location | |
|
Tech and energy focused venture capital firm funding companies in the US and Asia
|
Founded Year | Domain | Location | |
|
Venture capital firm focused on multiple sectors
|
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 Faction
| 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 - Faction
| 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 |
Faction Comparisons
Competitors of Faction
Faction 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 Nuro, Dmall, ARRYVED, Ocado Group and Fabric, 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 |
AI-enabled autonomous vehicles are developed for local goods deliveries.
|
|
| domain | founded_year | HQ Location |
Cloud-based software suites are provided for retail businesses.
|
|
| domain | founded_year | HQ Location |
POS solutions are provided for bar and beverage industry.
|
|
| domain | founded_year | HQ Location |
Software solutions for online grocery fulfillment and operations are provided.
|
|
| domain | founded_year | HQ Location |
AI-based robots are provided for logistics micro-fulfillment operations.
|
|
| domain | founded_year | HQ Location |
Outsourced fulfillment services are provided for digitally native brands.
|
| 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 Faction
Frequently Asked Questions about Faction
When was Faction founded?
Faction was founded in 2020 and raised its 1st funding round 1 year after it was founded.
Where is Faction located?
Faction is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Who is the current CEO of Faction?
Ain Mckendrick is the current CEO of Faction. They have also founded this company.
Is Faction a funded company?
Faction is a funded company, having raised a total of $4.3M across 4 funding rounds to date. The company's 1st funding round was a Seed of $4.3M, raised on Jun 01, 2021.
What does Faction do?
Faction is engaged in developing driverless vehicle platforms for various applications. Solutions are provided for last-mile delivery, vehicle on-demand services, and fleet operations across industries like grocery, fast food, and delivery fleets. Autonomous technology is integrated with micro electric vehicles to ensure zero-emission operations. The companys software suite is designed for seamless integration with existing fulfillment and order management systems. A pragmatic approach to autonomy is adopted, combining baseline autonomy with trajectory-based assist systems for quick deployment. Operations are supported in controlled environments such as airfields and commercial areas, focusing on efficiency, cost-effectiveness, and carbon neutrality.
What products or services does Faction offer?
Faction offers Driverless Vehicle Platform, Vehicle On-Demand, and Software Suite.
Who are Faction's investors?
Faction has 5 investors. Key investors include TDK Ventures, Ducera Partners, Trucks Venture Capital, Fifty Years, and Y Combinator.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.