About IgniteTech
IgniteTech is a company based in Austin (United States) founded in 1998 was acquired by ESW Capital in November 2017.. IgniteTech has raised $52.2 million across 6 funding rounds from investors including Nokia, Canaan and KEYW Corp. IgniteTech has completed 1 acquisition, including Khoros. IgniteTech offers products and services including StreetSmart AI, Eloquens AI, and AnswerHub. IgniteTech operates in a competitive market with competitors including Workday, Visma, Deltek, Infor and SAP, among others.
- Headquarter Austin, United States
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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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- Legal Name Ignite Enterprise Software Solutions, Llc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$52.2 M (USD)
in 6 rounds
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Latest Funding Round
$3.5 M (USD), Series A
Sep 28, 2020
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Investors
Nokia
& 12 more
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Employee Count
Employee Count
- Investments & Acquisitions
- Acquired by
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Products & Services of IgniteTech
IgniteTech offers a comprehensive portfolio of products and services, including StreetSmart AI, Eloquens AI, and AnswerHub. 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.
Manages field force with AI capabilities for efficiency.
Enhances business communication through human-AI collaboration.
Facilitates knowledge sharing for teams and organizations.
Funding Insights of IgniteTech
IgniteTech has successfully raised a total of $52.2M across 6 strategic funding rounds. The most recent funding activity was a Series A round of $3.5 million completed in September 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.
- Total Funding Total Funding
- Total Rounds 6
- Last Round Series A — $3.5M
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First Round
First Round
(28 Jun 2000)
- Investors Count 10
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2020 | Amount | Series A - IgniteTech | Valuation | Sierra Ventures , Canaan |
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| Jun, 2008 | Amount | Series A - IgniteTech | Valuation | FTV Capital | |
| May, 2007 | Amount | Debt – Conventional - IgniteTech | 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 IgniteTech
IgniteTech has secured backing from 13 investors, including venture fund and institutional investors. Prominent investors backing the company include Nokia, Canaan and KEYW Corp. 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 venture capital investments in AI, healthcare, and enterprise technologies.
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Founded Year | Domain | Location | |
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Canaan is recognized as an early-stage venture capital firm.
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Founded Year | Domain | Location | |
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Private equity investment firm
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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 IgniteTech
IgniteTech has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Khoros. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Community and social media management platform
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2007 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - IgniteTech
| 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 |
Ignitetech Comparisons
Competitors of IgniteTech
IgniteTech 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 Workday, Visma, Deltek, Infor and SAP, 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 |
Cloud-based HR and financial software is delivered to enterprises.
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| domain | founded_year | HQ Location |
Cloud-based ERP software is provided for business management across segments.
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| domain | founded_year | HQ Location |
Cloud-based ERP software is provided for project-driven organizations.
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| domain | founded_year | HQ Location |
Cloud-based ERP software is offered for multiple industries.
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| domain | founded_year | HQ Location |
Cloud and AI-based ERP software is offered for enterprises.
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| domain | founded_year | HQ Location |
Cloud-based ERP software is delivered for multiple industries.
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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 Ignitetech
Frequently Asked Questions about IgniteTech
When was IgniteTech founded?
IgniteTech was founded in 1998 and raised its 1st funding round 2 years after it was founded.
Where is IgniteTech located?
IgniteTech is headquartered in Austin, United States. It is registered at Austin, Texas, United States.
Who is the current CEO of IgniteTech?
Eric Vaughan is the current CEO of IgniteTech.
Is IgniteTech a funded company?
IgniteTech is a funded company, having raised a total of $52.2M across 6 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $5M, raised on Jun 28, 2000.
What does IgniteTech do?
IgniteTech was founded in 1998 and is based in Austin, United States. Enterprise software solutions integrated with artificial intelligence are offered through a dedicated platform. Business functions such as communication and field force management are optimized via these tools. Products include eloquens AI for human-AI collaboration in communications and streetsmart AI for advanced field operations. The focus remains on AI applications within the enterprise software sector.
Who are the top competitors of IgniteTech?
What products or services does IgniteTech offer?
IgniteTech offers StreetSmart AI, Eloquens AI, and AnswerHub.
How many acquisitions has IgniteTech made?
IgniteTech has made 1 acquisition, including Khoros.
Who are IgniteTech's investors?
IgniteTech has 13 investors. Key investors include Nokia, Canaan, KEYW Corp, Versata, and Sierra Ventures.
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