About FORTAI
FORTAI is a company based in Toronto (Canada) founded in 2020.. FORTAI has raised $5 million across 1 funding round. FORTAI operates in a competitive market with competitors including RungePincockMinarco, Gemcom Software, Commit Works, Dohmen Herzog & Partner and Deswik, among others.
- Headquarter Toronto, Canada
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Sectors
Natural Resources
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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
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Net Profit
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EBITDA
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Total Equity Funding
$5 M (USD)
in 1 rounds
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Latest Funding Round
$5 M (USD), Seed
Aug 07, 2020
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Investors
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Employee Count
Employee Count
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Funding Insights of FORTAI
FORTAI has successfully raised a total of $5M through 1 strategic funding round. The most recent funding activity was a Seed round of $5 million completed in August 2020. 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 1
- Last Round Seed — $5.0M
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First Round
First Round
(07 Aug 2020)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2020 | Amount | Seed - FORTAI | 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 |
Investments & Acquisitions by FORTAI
| 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 - FORTAI
| 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 |
Fortai Comparisons
Competitors of FORTAI
FORTAI 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 RungePincockMinarco, Gemcom Software, Commit Works, Dohmen Herzog & Partner and Deswik, 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 |
Mine design, planning, and scheduling software is provided.
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| domain | founded_year | HQ Location |
Mining planning software is provided for industry operations.
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| domain | founded_year | HQ Location |
Workforce scheduling solutions are developed for industrial sectors.
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| domain | founded_year | HQ Location |
Mine layout solutions are provided for the mining industry.
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| domain | founded_year | HQ Location |
Mine planning solutions are provided for the mining industry.
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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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Frequently Asked Questions about FORTAI
When was FORTAI founded?
FORTAI was founded in 2020.
Where is FORTAI located?
FORTAI is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
Is FORTAI a funded company?
FORTAI is a funded company, having raised a total of $5M across 1 funding round to date. The company's 1st funding round was a Seed of $5M, raised on Aug 07, 2020.
What does FORTAI do?
FORTAI is a provider of mine production management software. The product offerings include SmartCubes, a mobile inventory management software that integrates with the ERP system and allows users to manage material flow, view material usage information, etc. The features of the product include material storage management, real-time material tracking, inventory management, consumption monitoring, etc.
Who are the top competitors of FORTAI?
FORTAI's top competitors include RungePincockMinarco, Deswik and Gemcom Software.
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