About Faraday
Faraday is a company based in Burlington (United States) founded in 2012 by Seamus Abshere. It operates as a AI-as-a-Service, and SaaS (Software-as-a-Service). Faraday has raised $10.21 million across 6 funding rounds from investors including 3Degrees, DOE and Burt's Bees. The company has 53 employees as of December 31, 2021. Faraday offers products and services including Customer Behavior Predictions, Identity Graph, and Responsible AI. Faraday operates in a competitive market with competitors including Cint, Earnest Analytics, Suzy, Numerator and Ai Palette, among others.
- Headquarter Burlington, United States
- Employees 53 as on 31 Dec, 2021
- Founders Seamus Abshere
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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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- Legal Name Faraday, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$10.21 M (USD)
in 6 rounds
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Latest Funding Round
$4.1 M (USD), Series A
Jul 19, 2021
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Investors
3Degrees
& 6 more
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Employee Count
53
as on Dec 31, 2021
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Products & Services of Faraday
Faraday offers a comprehensive portfolio of products and services, including Customer Behavior Predictions, Identity Graph, and Responsible AI. 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.
Customer behavior is predicted using advanced AI algorithms.
Consumer identities are resolved for accurate data integration.
Bias in AI models is detected and mitigated.
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Funding Insights of Faraday
Faraday has successfully raised a total of $10.21M across 6 strategic funding rounds. The most recent funding activity was a Series A round of $4.1 million completed in July 2021. 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 6
- Last Round Series A — $4.1M
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First Round
First Round
(19 Feb 2014)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Series A - Faraday | Valuation | Intercap | |
| May, 2018 | Amount | Series A - Faraday | Valuation | FreshTracks Capital , Burt's Bees | |
| May, 2016 | Amount | Series A - Faraday | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 Faraday
Faraday has secured backing from 7 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include 3Degrees, DOE and Burt's Bees. 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 capital fund focused on investing in impact startups
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Founded Year | Domain | Location | |
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Early-stage venture capital funding is provided by FreshTracks Capital.
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Founded Year | Domain | Location | |
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VC firm investing in seed & early stage companies in the US
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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 Faraday
| 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 - Faraday
| 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 |
Faraday Comparisons
Competitors of Faraday
Faraday 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 Cint, Earnest Analytics, Suzy, Numerator and Ai Palette, 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 |
Market research platform linking buyers and suppliers of online samples.
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| domain | founded_year | HQ Location |
Consumer intelligence data is analyzed via an online research platform.
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| domain | founded_year | HQ Location |
Customer targeting and feedback management platform is utilized for insights.
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| domain | founded_year | HQ Location |
Consumer purchasing behavior is analyzed via market research and insights.
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| domain | founded_year | HQ Location |
AI-powered consumer insights for CPG product development are provided.
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| domain | founded_year | HQ Location |
Consumer insights are generated through AI-driven visual research tools.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Faraday
Frequently Asked Questions about Faraday
When was Faraday founded?
Faraday was founded in 2012 and raised its 1st funding round 2 years after it was founded.
Where is Faraday located?
Faraday is headquartered in Burlington, United States. It is registered at Burlington, Vermont, United States.
Is Faraday a funded company?
Faraday is a funded company, having raised a total of $10.21M across 6 funding rounds to date. The company's 1st funding round was a Series A of $2.48M, raised on Feb 19, 2014.
How many employees does Faraday have?
As of Dec 31, 2021, the latest employee count at Faraday is 53.
What does Faraday do?
Faraday is engaged in delivering AI-powered solutions for predicting customer behavior. Data science and engineering teams are supported with tools for data integration, automation, and machine learning through point-and-click interfaces or APIs. Sectors such as financial services, retail, e-commerce, and home services are served. Built-in consumer data with 1,500 attributes, bias management for safe ML, and key behavior predictions are offered. Deployment of predictions across various platforms is facilitated, ensuring compliance with regulations like SOC-2 and CCPA.
Who are the top competitors of Faraday?
Faraday's top competitors include Earnest Analytics, Cint and Ai Palette.
What products or services does Faraday offer?
Faraday offers Customer Behavior Predictions, Identity Graph, and Responsible AI.
Who are Faraday's investors?
Faraday has 7 investors. Key investors include 3Degrees, DOE, Burt's Bees, Intercap, and FreshTracks Capital.
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