About Ideon
Ideon is a company based in Richmond (Canada) founded in 2020 by Gary Agnew, Don Furseth, and Douglas Schouten. It operates as a Technology-as-a-Service, and Professional Services. Ideon has raised $16.96 million across 2 funding rounds from investors including The University of British Columbia, Playground Global and Sprout Fund. Ideon offers products and services including Ideon REVEAL™ Platform, REVEAL™ for Exploration, and REVEAL™ for Caving. Ideon operates in a competitive market with competitors including exodigo, Windfall Geotek, 4M Analytics, WIDMO Spectral Technologies and RockMass Technologies, among others.
- Headquarter Richmond, Canada
- Founders Gary Agnew, Don Furseth, Douglas Schouten
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Sectors
TechnologyNatural Resources
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Email
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Phone
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Website
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Social
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- Legal Name Ideon Technologies, 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
$16.96 M (USD)
in 2 rounds
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Latest Funding Round
$16 M (USD), Series A
Sep 13, 2022
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Investors
The University of British Columbia
& 2 more
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Employee Count
Employee Count
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Products & Services of Ideon
Ideon offers a comprehensive portfolio of products and services, including Ideon REVEAL™ Platform, REVEAL™ for Exploration, and REVEAL™ for Caving. 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.
Subsurface anomalies are mapped using advanced imaging technology.
Mineral deposits are identified for exploration in mining.
Cave monitoring is enhanced with high-resolution subsurface models.
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Funding Insights of Ideon
Ideon has successfully raised a total of $16.96M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $16 million completed in September 2022. 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 2
- Last Round Series A — $16.0M
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First Round
First Round
(07 Jul 2020)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2022 | Amount | Series A - Ideon | Valuation | Playground Global |
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| Jul, 2020 | Amount | Seed - Ideon | Valuation | UBC , Sprout Fund |
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| 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 |
investors |
Investors in Ideon
Ideon has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include The University of British Columbia, Playground Global and Sprout Fund. 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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Venture capital fund focused on tech startups
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Multiple degrees and diversified courses are offered by the university.
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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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Venture capital is directed toward companies in multiple sectors.
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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 Ideon
| 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 - Ideon
| 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 |
investors |
Ideon Comparisons
Competitors of Ideon
Ideon 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 exodigo, Windfall Geotek, 4M Analytics, WIDMO Spectral Technologies and RockMass Technologies, 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 |
AI-based subsurface mapping services are provided by Exodigo.
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| domain | founded_year | HQ Location |
Online geological mapping and mineral detection software is developed.
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| domain | founded_year | HQ Location |
AI-based security intelligence solutions for mine action are provided.
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| domain | founded_year | HQ Location |
Provider of broadband analysis, geophysical, and mining services
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| domain | founded_year | HQ Location |
Startup providing underground mapping solutions for the mining sector
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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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| 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 Ideon
Frequently Asked Questions about Ideon
When was Ideon founded?
Ideon was founded in 2020.
Where is Ideon located?
Ideon is headquartered in Richmond, Canada. It is registered at Richmond, British Columbia, Canada.
Who is the current CEO of Ideon?
Gary Agnew is the current CEO of Ideon. They have also founded this company.
Is Ideon a funded company?
Ideon is a funded company, having raised a total of $16.96M across 2 funding rounds to date. The company's 1st funding round was a Seed of $959.87K, raised on Jul 07, 2020.
What does Ideon do?
Ideon Technologies, Inc. is focused on revolutionizing the mining industry by providing solutions to unlock critical minerals for the clean energy transition. The Ideon REVEAL platform is utilized to identify, map, and monitor mineral deposits and subsurface anomalies. Services are offered across exploration, resource management, geotechnical analysis, and caving operations. The company addresses geologic uncertainty in mining, supporting major companies in reducing risks and costs associated with subsurface exploration. Sectors served include mining and clean energy, with a strong emphasis on enabling sustainable metal supply for global climate goals.
Who are the top competitors of Ideon?
Ideon's top competitors include exodigo, 4M Analytics and Windfall Geotek.
What products or services does Ideon offer?
Ideon offers Ideon REVEAL™ Platform, REVEAL™ for Exploration, and REVEAL™ for Caving.
Who are Ideon's investors?
Ideon has 3 investors. Key investors include The University of British Columbia, Playground Global, and Sprout Fund.
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