About FortressIQ
FortressIQ is a company based in San Francisco (United States) founded in 2017 was acquired by Automation Anywhere in December 2021.. FortressIQ has raised $47 million across 4 funding rounds from investors including Automation Anywhere, Lightspeed Venture Partners and M12. The company has 59 employees as of December 31, 2020. FortressIQ operates in a competitive market with competitors including UiPath, HyperScience, Automation Anywhere, Blue Prism and Aisera, among others.
- Headquarter San Francisco, United States
- Employees 59 as on 31 Dec, 2020
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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
*********
- Legal Name Fortressiq, 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
$47 M (USD)
in 4 rounds
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Latest Funding Round
$30 M (USD), Series B
May 13, 2020
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Investors
Automation Anywhere
& 6 more
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Employee Count
59
as on Dec 31, 2020
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Acquired by
Automation Anywhere
(Dec 23, 2021)
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Software Development Team
216 people
Leadership Team
78 people
Sales and Marketing
72 people
Senior Team
45 people
Product Management Team
31 people
Operations Team
15 people
Finance and Accounting
12 people
Human Resources and Administration
12 people
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Funding Insights of FortressIQ
FortressIQ has successfully raised a total of $47M across 4 strategic funding rounds. The most recent funding activity was a Series B round of $30 million completed in May 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 4
- Last Round Series B — $30.0M
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First Round
First Round
(01 Jun 2017)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2020 | Amount | Series B - FortressIQ | Valuation | M12 , Tiger Global Management | |
| Dec, 2018 | Amount | Series A - FortressIQ | Valuation | Lightspeed Venture Partners |
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| Aug, 2017 | Amount | Seed - FortressIQ | 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 |
Investors in FortressIQ
FortressIQ has secured backing from 7 investors, including venture fund investors. Prominent investors backing the company include Automation Anywhere, Lightspeed Venture Partners and M12. 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 investments in technology startups are facilitated by M12.
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Founded Year | Domain | Location | |
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Venture and private equity investments are managed with global diversification.
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Founded Year | Domain | Location | |
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Venture capital firm focused on crypto infra, and SaaS companies
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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 FortressIQ
| 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 - FortressIQ
| 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 |
Fortressiq Comparisons
Competitors of FortressIQ
FortressIQ 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 UiPath, HyperScience, Automation Anywhere, Blue Prism and Aisera, 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 |
Cloud-based robotic process automation software is developed and provided.
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| domain | founded_year | HQ Location |
Document processing is automated through AI-based robotic platforms.
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| domain | founded_year | HQ Location |
An AI-based platform for robotic process automation is provided.
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| domain | founded_year | HQ Location |
Cloud-based platform for cognitive automation
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| domain | founded_year | HQ Location |
AI agent platform for enterprise task automation is provided.
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| domain | founded_year | HQ Location |
Provider of robotic process automation and chatbot solutions to automate work processes
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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 Fortressiq
Frequently Asked Questions about FortressIQ
When was FortressIQ founded?
FortressIQ was founded in 2017.
Where is FortressIQ located?
FortressIQ is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Is FortressIQ a funded company?
FortressIQ is a funded company, having raised a total of $47M across 4 funding rounds to date. The company's 1st funding round was a Seed of $1000K, raised on Jun 01, 2017.
How many employees does FortressIQ have?
As of Dec 31, 2020, the latest employee count at FortressIQ is 59.
What does FortressIQ do?
FortressIQ provides digital transformation to manage a quantified workforce. It allows users to manage virtual process analysts to manage documents and process them with web-based solutions. It enables users to manage meta-learning and data mapping solutions. Other solutions include digital transformation, data security and data governance solutions.
Who are the top competitors of FortressIQ?
FortressIQ's top competitors include UiPath, HyperScience and Automation Anywhere.
Who are FortressIQ's investors?
FortressIQ has 7 investors. Key investors include Automation Anywhere, Lightspeed Venture Partners, M12, Tiger Global, and Boldstart Ventures.
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