About IDeaS
IDeaS is a company based in Minneapolis (United States) founded in 1989 by Ravi Mehrotra was acquired by SAS in August 2008.. IDeaS has raised $3.5 million across 1 funding round from investors including SAS, Morgan Stanley and Sutter Hill Ventures. IDeaS operates in a competitive market with competitors including Duetto, Room Price Genie, Pruvo, Metro Engine and LodgIQ, among others.
- Headquarter Minneapolis, United States
- Founders Ravi Mehrotra
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Sectors
Travel & Hospitality
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Integrated Decisions And Systems (India) Private Limited
- Date of Incorporation 13 Oct, 1998
- Jurisdiction Pune, Maharashtra, India
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Annual Revenue
$12.74 M (USD)23.48as on Mar 31, 2023
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Net Profit
$1.11 M (USD)32.54as on Mar 31, 2023
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EBITDA
$1.41 M (USD)21.3as on Mar 31, 2023
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Total Equity Funding
$3.5 M (USD)
in 1 rounds
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Latest Funding Round
$3.5 M (USD), Series A
Apr 11, 2002
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Investors
SAS
& 3 more
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Employee Count
Employee Count
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Acquired by
SAS
(Aug 04, 2008)
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Funding Insights of IDeaS
IDeaS has successfully raised a total of $3.5M through 1 strategic funding round. The most recent funding activity was a Series A round of $3.5 million completed in April 2002. 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 A — $3.5M
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First Round
First Round
(11 Apr 2002)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2002 | Amount | Series A - IDeaS | Valuation |
investors |
| 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 IDeaS
IDeaS has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include SAS, Morgan Stanley and Sutter Hill Ventures. 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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VC firm investing in the US
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Founded Year | Domain | Location | |
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Wealth management, investment advisory, and financial services are provided.
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Founded Year | Domain | Location | |
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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 IDeaS
| 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 - IDeaS
| 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 |
Ideas Comparisons
Competitors of IDeaS
IDeaS 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 Duetto, Room Price Genie, Pruvo, Metro Engine and LodgIQ, 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 revenue management solutions are provided for the hospitality sector.
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| domain | founded_year | HQ Location |
Web-based revenue management solutions for small hotels are provided.
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| domain | founded_year | HQ Location |
App-based platform to rebook hotels for travelers
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| domain | founded_year | HQ Location |
AI-driven revenue management is provided for hotels and accommodations.
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| domain | founded_year | HQ Location |
Revenue management solutions provider
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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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Latest news on Ideas
Frequently Asked Questions about IDeaS
When was IDeaS founded?
IDeaS was founded in 1989 and raised its 1st funding round 13 years after it was founded.
Where is IDeaS located?
IDeaS is headquartered in Minneapolis, United States. It is registered at Minneapolis, Minnesota, United States.
Is IDeaS a funded company?
IDeaS is a funded company, having raised a total of $3.5M across 1 funding round to date. The company's 1st funding round was a Series A of $3.5M, raised on Apr 11, 2002.
What is the annual revenue of IDeaS?
Annual revenue of IDeaS is $12.74M as on Mar 31, 2023.
What does IDeaS do?
IDeaS was founded in 1989 and is headquartered in Minneapolis, United States. Operations focus on the hospitality sector, where software solutions for pricing optimization, forecasting, and budgeting are delivered to hotels, resorts, casinos, and related businesses. Consulting services are offered to provide guidance and support. Resources including training courses and a developer portal are made available to clients in this field.
Who are the top competitors of IDeaS?
IDeaS's top competitors include Duetto, Room Price Genie and Pruvo.
Who are IDeaS's investors?
IDeaS has 4 investors. Key investors include SAS, Morgan Stanley, Sutter Hill Ventures, and SEO Service Agent.
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