About Hatchet
Hatchet is a company based in Dover (United States) founded in 2023 by Gabriel Ruttner and Alexander Belanger.. Hatchet has raised $500 thousand across 1 funding round from investors including Y Combinator. Hatchet offers products and services including Hatchet Cloud and Hatchet Queue. Hatchet operates in a competitive market with competitors including BullMQ, Mappedbus and Prowide Software, among others.
- Headquarter Dover, United States
- Founders Gabriel Ruttner, Alexander Belanger
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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
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$500 K (USD)
in 1 rounds
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Latest Funding Round
$500 K (USD), Seed
Apr 01, 2024
- Investors
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Employee Count
Employee Count
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Products & Services of Hatchet
Hatchet offers a comprehensive portfolio of products and services, including Hatchet Cloud and Hatchet Queue. 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.
Platform for running AI agents and managing tasks at scale.
Open-source queue for fault-tolerant task processing.
Funding Insights of Hatchet
Hatchet has successfully raised a total of $500K through 1 strategic funding round. The most recent funding activity was a Seed round of $500 thousand completed in April 2024. 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 — $500,000
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First Round
First Round
(01 Apr 2024)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Apr, 2024 | Amount | Seed - Hatchet | Valuation |
investors |
| 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 |
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Investors in Hatchet
Hatchet has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Y Combinator. 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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Early-stage startups are accelerated via funding and educational programs.
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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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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 Hatchet
| 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 - Hatchet
| 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 |
Hatchet Comparisons
Competitors of Hatchet
Hatchet 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 BullMQ, Mappedbus and Prowide Software, 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 |
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| domain | founded_year | HQ Location |
Background job processing library for NodeJS with Redis queues and advanced features.
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| domain | founded_year | HQ Location |
Java library for low latency inter-process communication via shared memory.
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| domain | founded_year | HQ Location |
Provides open-source and licensed tools for financial message processing.
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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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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Hatchet
Frequently Asked Questions about Hatchet
When was Hatchet founded?
Hatchet was founded in 2023 and raised its 1st funding round 1 year after it was founded.
Where is Hatchet located?
Hatchet is headquartered in Dover, United States. It is registered at Dover, Delaware, United States.
Who is the current CEO of Hatchet?
Alexander Belanger is the current CEO of Hatchet. They have also founded this company.
Is Hatchet a funded company?
Hatchet is a funded company, having raised a total of $500K across 1 funding round to date. The company's 1st funding round was a Seed of $500K, raised on Apr 01, 2024.
What does Hatchet do?
Hatchet was founded in 2023 in Dover, United States, as an open source platform in the workflow automation sector. Distributed task queues are provided for building web applications, with requests distributed to workers under configurable policies. Batch processing of documents, images, and data is supported. Logs are streamed, while latency, error rates, and other metrics are tracked. Messages are replayed to listeners in real time.
Who are the top competitors of Hatchet?
Hatchet's top competitors include BullMQ, Mappedbus and Prowide Software.
What products or services does Hatchet offer?
Hatchet offers Hatchet Cloud and Hatchet Queue.
Who are Hatchet's investors?
Hatchet has 1 investor. Key investors include Y Combinator.