About Genies
Genies is a company based in Los Angeles (United States) founded in 2011 by Evan Rosenbaum and Akash Nigam.. Genies has raised $276.46 million across 14 funding rounds from investors including Creative Artists Agency, Dapper Labs and Warner Music. The company has 39 employees as of December 31, 2022. Genies offers products and services including Smart Avatars, Smart Games, Smart Assets, and Talent Network Platform. Genies operates in a competitive market with competitors including IMVU, Loom.ai, Soul Machines, Didimo and ObEN, among others.
- Headquarter Los Angeles, United States
- Employees 39 as on 31 Dec, 2022
- Founders Evan Rosenbaum, Akash Nigam
- Stage Unicorn
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Sectors
Media & EntertainmentTechnology
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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 Genies, 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
$276.46 M (USD)
in 14 rounds
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Latest Funding Round
$150 M (USD), Series C
May 02, 2022
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Investors
Creative Artists Agency
& 41 more
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Employee Count
39
as on Dec 31, 2022
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Products & Services of Genies
Genies offers a comprehensive portfolio of products and services, including Smart Avatars, Smart Games, Smart Assets, and Talent Network Platform. 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.
AI-powered avatars for building personalized user relationships
Tools for creating AI-driven, user-generated games around IP
Platform for generating and managing digital goods and fashion
Network for partnering with creators and brands for content distribution
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Funding Insights of Genies
Genies has successfully raised a total of $276.46M across 14 strategic funding rounds. The most recent funding activity was a Series C round of $150 million completed in May 2022. 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 14
- Last Round Series C — $150.0M
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First Round
First Round
(12 Oct 2012)
- Investors Count 42
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2022 | Amount | Series C - Genies | Valuation | Silver Lake | |
| Apr, 2021 | Amount | Series B - Genies | Valuation | Bond Capital | |
| Feb, 2021 | Amount | Series B - Genies | 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 Genies
Genies has secured backing from 42 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Creative Artists Agency, Dapper Labs and Warner Music. 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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US focused seed-stage VC firm
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Founded Year | Domain | Location | |
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Venture capital investments are offered to startups by NEA.
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Founded Year | Domain | Location | |
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Investments in multiple sectors are made by Bond Capital.
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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 Genies
| 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 - Genies
| 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 |
Genies Comparisons
Competitors of Genies
Genies 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 IMVU, Loom.ai, Soul Machines, Didimo and ObEN, 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 |
Provider of an online 3D avatar-based social network
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| domain | founded_year | HQ Location |
Platform to create avatars for applications in AR, VR, gaming, and messaging
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| domain | founded_year | HQ Location |
AI-enabled 3D virtual avatars are developed for interactive applications.
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| domain | founded_year | HQ Location |
AI software is developed to generate real-time digital human doubles.
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| domain | founded_year | HQ Location |
Photo-real 3D virtual avatar using AI
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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 Genies
Frequently Asked Questions about Genies
When was Genies founded?
Genies was founded in 2011 and raised its 1st funding round 1 year after it was founded.
Where is Genies located?
Genies is headquartered in Los Angeles, United States. It is registered at Los Angeles, California, United States.
Who is the current CEO of Genies?
Akash Nigam is the current CEO of Genies. They have also founded this company.
Is Genies a funded company?
Genies is a funded company, having raised a total of $276.46M across 14 funding rounds to date. The company's 1st funding round was a Series B of $25.16M, raised on Oct 12, 2012.
How many employees does Genies have?
As of Dec 31, 2022, the latest employee count at Genies is 39.
What does Genies do?
Provider of a mobile application and SDK to create 3D avatars. It offers a consumer app that allows users to create fully personalized avatars to be used in apps such as Giphy, iMessage, and Instagram. It detects actions, places, things, and emotions, and offers you corresponding animations your avatar acts out with a tap. The companys NFT storefront and partnerships with luxury brands and tech companies demonstrate its avatar technology.
Who are the top competitors of Genies?
Genies's top competitors include IMVU, Soul Machines and Loom.ai.
What products or services does Genies offer?
Genies offers Smart Avatars, Smart Games, Smart Assets, and Talent Network Platform.
Who are Genies's investors?
Genies has 42 investors. Key investors include Creative Artists Agency, Dapper Labs, Warner Music, HashKey Exchange, and NetEase Games.
What is Genies's valuation?
The valuation of Genies is $1B as of May 2022.
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