Hoverstate

Los Angeles, United States Founded: 2008 • Age: 18 yrs Acquired By SoftServe
Application development services are provided by Hoverstate in Los Angeles.
Annual revenue - Latest available
Total funding $1.5M 1 rounds
Employees - Tracked headcount
Investors 1 Known backers
Products - Services tracked
Competitors 9 Brand Intelligence

About Hoverstate

Hoverstate is a company based in Los Angeles (United States) founded in 2008 was acquired by SoftServe in June 2023. Hoverstate has raised $1.5 million across 1 funding round from investors including SoftServe. Hoverstate operates in a competitive market with competitors including UST, Genpact, NTT DATA, Endava and Persistent, among others.

  • Headquarter Los Angeles, United States
  • Sectors
    Business Services
    Technology
  • Email
    Locked
  • Phone
    Locked
  • Website
    Locked
  • Social
    Locked
Operational Areas
Business Services → Digital Transformation & IT Services Unlock Sub-Sector Unlock Segment
Business Services → Professional & Consulting Services Unlock Sub-Sector Unlock Segment
Technology → Artificial Intelligence & Machine Learning Unlock Sub-Sector Unlock Segment
Technology → Enterprise IT Services & Distribution Unlock Sub-Sector Unlock Segment
Key Metrics
  • Annual Revenue
    Not available
  • Net Profit
    Not available
  • EBITDA
    Not available
  • Total Equity Funding
    $1.5 M (USD)

    in 1 rounds

  • Latest Funding Round
    $1.5 M (USD), Seed

    Mar 30, 2020

  • Investors
  • Employee Count
    Not available
  • Acquired by
    SoftServe

    (Jun 07, 2023)

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People of Hoverstate

Headcount 50-200
Employee Profiles 16
Employee Profiles
People
Taylor Rhodes
Sr Devops Engineer
People
Kathy Helsley
Senior Project Manager
People
Wei Gu
VP Of Data Science
People
G. Trent Johnson
Product Owner

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Funding Insights of Hoverstate

Hoverstate has successfully raised a total of $1.5M through 1 strategic funding round. The most recent funding activity was a Seed round of $1.5 million completed in March 2020. 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.

Investors in Hoverstate

Hoverstate has secured backing from 1 investor. Prominent investors backing the company include SoftServe.

All
Investor Description Founded Year Domain Location
Custom software development, product management, and consulting services are offered.
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Investor details for Hoverstate

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Investments & Acquisitions by Hoverstate

Investments
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Investment portfolio details for Hoverstate

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Financial Statements - Hoverstate

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Detailed financials for Hoverstate

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Hoverstate Comparisons

Hoverstate Primary company
Description
Application development services are provided by Hoverstate ...
Location
Los Angeles, United States
Founded Year
2008
Annual Revenue
Not available
Net Profit
Not available
EBITDA
Not available
Employees
Not available
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Peer comparison for Hoverstate

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Competitors of Hoverstate

Hoverstate 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 UST, Genpact, NTT DATA, Endava and Persistent, among others.

Company Name Domain Founded year HQ Location Description
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High-quality office furniture is provided by UST for various needs.
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Provider of end-to-end business process outsourcing services
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Application development, cloud, cybersecurity, and business intelligence services are provided.
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Endava is engaged in digital transformation and AI-driven solutions.
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IT consulting, data analytics, and digital transformation services are provided.
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Business process and technology management services are provided globally.
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Detailed competitors of Hoverstate

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Latest news on Hoverstate

SoftServe buys digital agency Hoverstate
Consulting3 years ago
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Complete news archive for Hoverstate

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Frequently Asked Questions about Hoverstate

Hoverstate was founded in 2008 and raised its 1st funding round 12 years after it was founded.

Hoverstate is headquartered in Los Angeles, United States. It is registered at Los Angeles, California, United States.

Hoverstate is a funded company, having raised a total of $1.5M across 1 funding round to date.

Hoverstate was established in 2008 in Los Angeles, United States, as a provider of application development services. Operations are centered on software solutions for various business needs within the technology sector. Custom applications are developed and maintained for clients. The company is led by Managing Director Marco P. Activities are conducted primarily from the U.S. base, supporting regional and potential international projects.

Hoverstate's top competitors include Genpact, Persistent and NTT DATA.

Hoverstate has 1 investor. Key investors include SoftServe.

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