About GlobalSpec
GlobalSpec is a company based in East Greenbush (United States) founded in 1996 was acquired by CompareNetworks in July 2020.. GlobalSpec has raised $20 million across 1 funding round from investors including IHS Markit, IEEE and CompareNetworks. The company has 211 employees as of December 31, 2022. GlobalSpec operates in a competitive market with competitors including ORDITAL, MachiningCloud, NIMBLE, Smart Market Intelligence and PLANTAXIS, among others.
- Headquarter East Greenbush, United States
- Employees 211 as on 31 Dec, 2022
-
Sectors
Technology
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Ieee Globalspec, Inc.
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Total Equity Funding
$20 M (USD)
in 1 rounds
-
Latest Funding Round
$20 M (USD), Series B
Nov 18, 1999
-
Investors
IHS Markit
& 3 more
-
Employee Count
211
as on Dec 31, 2022
- Acquired by
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
Funding Insights of GlobalSpec
GlobalSpec has successfully raised a total of $20M through 1 strategic funding round. The most recent funding activity was a Series B round of $20 million completed in November 1999. 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 Series B — $20.0M
-
First Round
First Round
(18 Nov 1999)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 1999 | Amount | Series B - GlobalSpec | Valuation |
investors |
| 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 GlobalSpec
GlobalSpec has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include IHS Markit, IEEE and CompareNetworks. 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 |
|---|---|---|---|---|
|
Multi-stage private equity investments are pursued across diverse sectors.
|
Founded Year | Domain | Location | |
|
Online data source platform for information, analytics, and solutions for governments and financial markets
|
Founded Year | Domain | Location | |
|
Technology and engineering disciplines are advanced through educational initiatives.
|
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 GlobalSpec
| 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 - GlobalSpec
| 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 |
Globalspec Comparisons
Competitors of GlobalSpec
GlobalSpec 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 ORDITAL, MachiningCloud, NIMBLE, Smart Market Intelligence and PLANTAXIS, 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 |
Data capture solutions for asset management are offered by ORDITAL.
|
|
| domain | founded_year | HQ Location |
Provides a cloud-based solution for managing tool data and assemblies in manufacturing.
|
|
| domain | founded_year | HQ Location |
Cloud-based platform enabling B2B connectivity for supply chain management.
|
|
| domain | founded_year | HQ Location |
Provides market intelligence focused on the air conditioning industry.
|
|
| domain | founded_year | HQ Location |
Provides equipment information and solutions for factory operations.
|
| 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 Globalspec
Frequently Asked Questions about GlobalSpec
When was GlobalSpec founded?
GlobalSpec was founded in 1996 and raised its 1st funding round 3 years after it was founded.
Where is GlobalSpec located?
GlobalSpec is headquartered in East Greenbush, United States. It is registered at East Greenbush, New York, United States.
Is GlobalSpec a funded company?
GlobalSpec is a funded company, having raised a total of $20M across 1 funding round to date. The company's 1st funding round was a Series B of $20M, raised on Nov 18, 1999.
How many employees does GlobalSpec have?
As of Dec 31, 2022, the latest employee count at GlobalSpec is 211.
What does GlobalSpec do?
GlobalSpec has developed a search engine of engineering and industrial products. The company has indexed over 180 million parts divided into more than 2 million product families, from over 24000 manufacturer and distributor catalogs. GlobalSpec is a domain specific tool, in that its focused domain allows for optimized results. GlobalSpec has partnerships with several well-known companies, including: AltaVista, IEEE, ISA, McGraw Hill and SolidWorks. SolidWorks has embedded access to GlobalSpecs search engine inside its computer-aided design software. Warburg Pincus, a PE firm sold GlobalSpec to IHS in 2012.
Who are the top competitors of GlobalSpec?
GlobalSpec's top competitors include ORDITAL, MachiningCloud and NIMBLE.
Who are GlobalSpec's investors?
GlobalSpec has 4 investors. Key investors include IHS Markit, IEEE, CompareNetworks, and Warburg Pincus.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.