About Inductive Intelligence
Inductive Intelligence is a company based in Grand Rapids (United States) founded in 2017.. Inductive Intelligence has raised $1 million across 2 funding rounds from investors including IFT and Invest Detroit. Inductive Intelligence offers products and services including Appliance Reviews and Cooking Tips. Inductive Intelligence operates in a competitive market with competitors including Brava Home, Tovala, Level, Ome and Cuisinart, among others.
- Headquarter Grand Rapids, United States
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Sectors
ConsumerRetail Technology
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$1 M (USD)
in 2 rounds
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Latest Funding Round
$1 M (USD), Seed
Nov 13, 2018
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Investors
IFT
& 1 more
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Employee Count
Employee Count
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Products & Services of Inductive Intelligence
Inductive Intelligence offers a comprehensive portfolio of products and services, including Appliance Reviews and Cooking Tips. 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.
Provides detailed advice and reviews on kitchen appliances for better purchasing decisions
Offers guidance on using kitchen equipment to enhance culinary skills
Funding Insights of Inductive Intelligence
Inductive Intelligence has successfully raised a total of $1M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $1 million completed in November 2018. 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 Seed — $1.0M
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First Round
First Round
(06 Jul 2018)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2018 | Amount | Seed - Inductive Intelligence | Valuation | Invest Detroit |
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| Jul, 2018 | Amount | Grant - Inductive Intelligence | 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 Inductive Intelligence
Inductive Intelligence has secured backing from 2 investors, including institutional and venture fund investors. Prominent investors backing the company include IFT and Invest Detroit. 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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Seed-focused venture capital firm investing in tech-based startups
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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 Inductive Intelligence
| 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 - Inductive Intelligence
| 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 |
Inductive Intelligence Comparisons
Competitors of Inductive Intelligence
Inductive Intelligence 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 Brava Home, Tovala, Level, Ome and Cuisinart, 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 |
Provider of smart oven
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| domain | founded_year | HQ Location |
Connected smart ovens and subscription meals are provided by Tovala.
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| domain | founded_year | HQ Location |
Level is recognized as a specialized law firm focusing on media, entertainment, technology, and sports sectors.
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| domain | founded_year | HQ Location |
Internet first brand offering smart knob for stoves
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| domain | founded_year | HQ Location |
Manufactures and sells kitchen appliances, cookware, and tools for cooking needs.
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| domain | founded_year | HQ Location |
Creates innovative smart grills and accessories for modern cooking.
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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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Frequently Asked Questions about Inductive Intelligence
When was Inductive Intelligence founded?
Inductive Intelligence was founded in 2017 and raised its 1st funding round 1 year after it was founded.
Where is Inductive Intelligence located?
Inductive Intelligence is headquartered in Grand Rapids, United States. It is registered at Grand Rapids, Michigan, United States.
Is Inductive Intelligence a funded company?
Inductive Intelligence is a funded company, having raised a total of $1M across 2 funding rounds to date. The company's 1st funding round was a Grant of $250K, raised on Jul 06, 2018.
What does Inductive Intelligence do?
Manufacturer of IoT-powered induction devices for kitchen appliances. It offers smart heating devices that allow consumers to heat foods, beverages, and other household items on a wireless charger. Its product offerings heated ceramic vessels, heating packages to heat food or household things also allows the manufacturer and retailer to collect data from the packaging that can be used for data analytics, product insights and enables customer relationship loyalty programs. The company has developed patented technology to monitor the heating process.
Who are the top competitors of Inductive Intelligence?
Inductive Intelligence's top competitors include Brava Home, Tovala and Better Earth.
What products or services does Inductive Intelligence offer?
Inductive Intelligence offers Appliance Reviews and Cooking Tips.
Who are Inductive Intelligence's investors?
Inductive Intelligence has 2 investors. Key investors include IFT, and Invest Detroit.
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