About Glove Systems
Glove Systems is a company based in Kitchener (Canada) founded in 2018 by Ray Simonson.. Glove Systems has raised $50 thousand across 1 funding round from investors including Velocity. Glove Systems operates in a competitive market with competitors including SigmaNEST, WeldNote, Smart Welding Manager, granIT and MAJIQ, among others.
- Headquarter Kitchener, Canada
- Founders Ray Simonson
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Sectors
Industrial Goods & Manufacturing
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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
$50 K (USD)
in 1 rounds
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Latest Funding Round
$50 K (USD), Seed
Mar 27, 2019
- Investors
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Employee Count
Employee Count
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Funding Insights of Glove Systems
Glove Systems has successfully raised a total of $50K through 1 strategic funding round. The most recent funding activity was a Seed round of $50 thousand completed in March 2019. 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 — $50,000
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First Round
First Round
(27 Mar 2019)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2019 | Amount | Seed - Glove Systems | Valuation | Velocity |
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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 Glove Systems
Glove Systems has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Velocity. 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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Velocity is supported as a startup incubator by the University of Waterloo.
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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 Glove Systems
| 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 - Glove Systems
| 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 |
Glove Systems Comparisons
Competitors of Glove Systems
Glove Systems 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 SigmaNEST, WeldNote, Smart Welding Manager, granIT and MAJIQ, 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 CAD/CAM nesting software is developed for manufacturing.
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| domain | founded_year | HQ Location |
Welding management software
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| domain | founded_year | HQ Location |
Cloud-based platform for managing welding procedures and projects efficiently.
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| domain | founded_year | HQ Location |
IoT-based manufacturing execution solutions are provided for industries.
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| domain | founded_year | HQ Location |
MAJIQ is recognized for providing manufacturing execution systems tailored for the pulp and paper 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 Glove Systems
When was Glove Systems founded?
Glove Systems was founded in 2018 and raised its 1st funding round 1 year after it was founded.
Where is Glove Systems located?
Glove Systems is headquartered in Kitchener, Canada. It is registered at Kitchener, Ontario, Canada.
Who is the current CEO of Glove Systems?
Ray Simonson is the current CEO of Glove Systems. They have also founded this company.
Is Glove Systems a funded company?
Glove Systems is a funded company, having raised a total of $50K across 1 funding round to date. The company's 1st funding round was a Seed of $50K, raised on Mar 27, 2019.
What does Glove Systems do?
Glove Systems was founded in 2018 and is located in Kitchener, Canada. AI-based 3D imaging software is offered for the fabrication industry, with products including Glove Receive for component inspection and non-compliance documentation, Glove Fit for process visualization to detect assembly errors, and Glove Document for assembly records before shipping. The software is applied in petrochemical, shipbuilding, oil gas, and power generation sectors.
Who are the top competitors of Glove Systems?
Who are Glove Systems's investors?
Glove Systems has 1 investor. Key investors include Velocity.