About iMerit
iMerit is a company based in San Jose (United States) founded in 2012 by Radha Basu.. iMerit has raised $24.26 million across 3 funding rounds from investors including British International Investment, Michael & Susan Dell Foundation and Khosla Impact. The company has 5,337 employees as of April 09, 2024. iMerit has completed 1 acquisition, including Ango. iMerit offers products and services including Ango Hub, Radiology Annotation Product Suite, and Deep Reasoning Lab. iMerit operates in a competitive market with competitors including Sapien, Refuel.ai, Rabbitt.ai, Dataturks and Annotation, among others.
- Headquarter San Jose, United States
- Employees 5337 as on 09 Apr, 2024
- Founders Radha Basu
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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 Imerit Technology Services Private Limited
- Date of Incorporation 14 Mar, 2011
- Jurisdiction Bangalore, Karnataka, India
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Annual Revenue
$4.98 M (USD)69.23as on Mar 31, 2018
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Net Profit
$80.68 K (USD)-52.1as on Mar 31, 2018
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EBITDA
$57.36 K (USD)67.3as on Mar 31, 2018
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Total Equity Funding
$24.26 M (USD)
in 3 rounds
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Latest Funding Round
$20 M (USD), Series B
Dec 20, 2019
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Investors
British International Investment
& 3 more
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Employee Count
5337
as on Apr 09, 2024
- Investments & Acquisitions
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Products & Services of iMerit
iMerit offers a comprehensive portfolio of products and services, including Ango Hub, Radiology Annotation Product Suite, and Deep Reasoning Lab. 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.
Platform for automating data pipelines and AI annotation tasks.
Solution for annotating and processing medical imaging data.
Tool for evaluating and fine-tuning AI models in various domains.
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Software Development Team
26 people
Human Resources and Administration
11 people
Product Management Team
9 people
Data Analysis and Operations Team
6 people
Finance and Accounting
5 people
Principal Team
4 people
Leadership Team
4 people
Sales and Marketing
3 people
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Funding Insights of iMerit
iMerit has successfully raised a total of $24.26M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $20 million completed in December 2019. 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 — $20.0M
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First Round
First Round
(19 Mar 2013)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2019 | Amount | Series B - iMerit | Valuation | British International Investment | |
| Oct, 2015 | Amount | Series A - iMerit | Valuation |
investors |
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| Mar, 2013 | Amount | Seed - iMerit | Valuation | Omidyar Network India |
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| 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 iMerit
iMerit has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include British International Investment, Michael & Susan Dell Foundation and Khosla Impact. 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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Government agency focused on small and medium-sized businesses
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Founded Year | Domain | Location | |
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Early-stage impact investments are made primarily in India.
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Founded Year | Domain | Location | |
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Investments are made in digital society, education, and employability sectors.
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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 iMerit
iMerit has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Ango. 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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Provider of a data labeling platform for training ML models
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2020 |
| 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 - iMerit
| 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 |
Imerit Comparisons
Competitors of iMerit
iMerit 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 Sapien, Refuel.ai, Rabbitt.ai, Dataturks and Annotation, 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 |
Data labelling services for LLM fine-tuning are provided.
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| domain | founded_year | HQ Location |
Unstructured data is analyzed via AI for ML application development.
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| domain | founded_year | HQ Location |
AI-based interactive data annotation solutions are provided for businesses.
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| domain | founded_year | HQ Location |
Provider of E2E tagging of data items for machine learning projects
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| domain | founded_year | HQ Location |
Provider of AI annotation services
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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 Imerit
Frequently Asked Questions about iMerit
When was iMerit founded?
iMerit was founded in 2012 and raised its 1st funding round 1 year after it was founded.
Where is iMerit located?
iMerit is headquartered in San Jose, United States. It is registered at San Jose, California, United States.
Who is the current CEO of iMerit?
Radha Basu is the current CEO of iMerit. They have also founded this company.
Is iMerit a funded company?
iMerit is a funded company, having raised a total of $24.26M across 3 funding rounds to date. The company's 1st funding round was a Seed of $761.99K, raised on Mar 19, 2013.
How many employees does iMerit have?
As of Apr 09, 2024, the latest employee count at iMerit is 5,337.
What is the annual revenue of iMerit?
Annual revenue of iMerit is $4.98M as on Mar 31, 2018.
What does iMerit do?
iMerit was founded in 2012 and is headquartered in San Jose, United States. Data solutions for artificial intelligence applications are offered, with a focus on multimodal AI. Data pipeline workflow automation and purpose-built applications are included in the framework, which supports AI development in sectors such as healthcare, autonomous mobility, and precision agriculture. Operations emphasize acceleration of AI workflows across these industries.
Who are the top competitors of iMerit?
What products or services does iMerit offer?
iMerit offers Ango Hub, Radiology Annotation Product Suite, and Deep Reasoning Lab.
How many acquisitions has iMerit made?
iMerit has made 1 acquisition, including Ango.
Who are iMerit's investors?
iMerit has 4 investors. Key investors include British International Investment, Michael & Susan Dell Foundation, Khosla Impact, and Omidyar Network India.
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