About Hi Marley
Hi Marley is a company based in Boston (United States) founded in 2015.. Hi Marley has raised $41.75 million across 3 funding rounds from investors including Greenspring Associates, Emergence Capital and Underscore VC. The company has 88 employees as of December 31, 2023. Hi Marley offers products and services including Intelligent Conversational Platform, FNOL Intake, and Total Loss Assist. Hi Marley operates in a competitive market with competitors including Hearsay Systems, Eltropy, Zafin, PureFacts and Glia, among others.
- Headquarter Boston, United States
- Employees 88 as on 31 Dec, 2023
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Sectors
TechnologyFinancial Services
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Phone
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Website
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Social
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- Legal Name Hi Marley, 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
$41.75 M (USD)
in 3 rounds
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Latest Funding Round
$25 M (USD), Series B
Mar 11, 2021
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Investors
Greenspring Associates
& 5 more
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Employee Count
88
as on Dec 31, 2023
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Products & Services of Hi Marley
Hi Marley offers a comprehensive portfolio of products and services, including Intelligent Conversational Platform, FNOL Intake, and Total Loss Assist. 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.
Enables SMS-based interactions for insurance claims processing.
Simplifies first notice of loss via conversational methods.
Automates auto total loss processes to reduce costs and times.
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Funding Insights of Hi Marley
Hi Marley has successfully raised a total of $41.75M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $25 million completed in March 2021. 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 3
- Last Round Series B — $25.0M
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First Round
First Round
(28 Jan 2019)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2021 | Amount | Series B - Hi Marley | Valuation | Emergence Capital | |
| Mar, 2020 | Amount | Series A - Hi Marley | Valuation | Underscore VC , True Ventures | |
| Jan, 2019 | Amount | Series A - Hi Marley | Valuation | True Ventures |
| 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 Hi Marley
Hi Marley has secured backing from 6 investors, including venture fund investors. Prominent investors backing the company include Greenspring Associates, Emergence Capital and Underscore VC. 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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Tech focused Early and growth stage VC firm investing in the US
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Founded Year | Domain | Location | |
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Seed & early stage tech-focused venture capital firm investing in geographies such as the US
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Founded Year | Domain | Location | |
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Venture capital firm supporting AI founders through investments and community.
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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 Hi Marley
| 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 - Hi Marley
| 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 |
Hi Marley Comparisons
Competitors of Hi Marley
Hi Marley 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 Hearsay Systems, Eltropy, Zafin, PureFacts and Glia, 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 |
Marketing analytics platform is utilized for financial services customer engagement.
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Reputation management software is provided for solar industry sales.
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Software solutions for relationship banking in financial services are delivered.
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CRM solutions for wealth managers
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| domain | founded_year | HQ Location |
Cloud-based omnichannel platform is provided for financial customer service.
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| domain | founded_year | HQ Location |
Provider of AI solutions for insurance underwriting, claims, and risk
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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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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Hi Marley
Frequently Asked Questions about Hi Marley
When was Hi Marley founded?
Hi Marley was founded in 2015 and raised its 1st funding round 4 years after it was founded.
Where is Hi Marley located?
Hi Marley is headquartered in Boston, United States. It is registered at Boston, Massachusetts, United States.
Is Hi Marley a funded company?
Hi Marley is a funded company, having raised a total of $41.75M across 3 funding rounds to date. The company's 1st funding round was a Series A of $8.75M, raised on Jan 28, 2019.
How many employees does Hi Marley have?
As of Dec 31, 2023, the latest employee count at Hi Marley is 88.
What does Hi Marley do?
Hi Marley was established in 2015 in Boston, United States, as a provider of AI and cloud-based conversational tools tailored to the insurance sector. Core operations focus on enabling customer updates and responses to routine inquiries via automated technology. Integration capabilities are supported through APIs that connect with third-party systems, facilitating seamless operations within insurance workflows.
Who are the top competitors of Hi Marley?
Hi Marley's top competitors include Hearsay Systems, Glia and Shift Technology.
What products or services does Hi Marley offer?
Hi Marley offers Intelligent Conversational Platform, FNOL Intake, and Total Loss Assist.
Who are Hi Marley's investors?
Hi Marley has 6 investors. Key investors include Greenspring Associates, Emergence Capital, Underscore VC, True Ventures, and Bain Capital Ventures.