About Initiate Systems
Initiate Systems is a company based in Chicago (United States) founded in 1996 was acquired by IBM in February 2010. Initiate Systems has raised $31 million across 3 funding rounds from investors including IBM, Informatica and Dell EMC. Initiate Systems has completed 1 acquisition, including Accenx Technologies. Initiate Systems operates in a competitive market with competitors including Cleo, Reltio, SPS Commerce, Magnitude and Cinchy, among others.
- Headquarter Chicago, United States
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Sectors
Technology
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Phone
Locked
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Website
Locked
- Legal Name Initiate Systems, Inc.
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$31 M (USD)
in 3 rounds
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Latest Funding Round
$5 M (USD), Series F
Oct 31, 2008
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Investors
IBM
& 10 more
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Employee Count
Not available
- Investments & Acquisitions
- Acquired by
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Funding Insights of Initiate Systems
Initiate Systems has successfully raised a total of $31M across 3 strategic funding rounds. The most recent funding activity was a Series F round of $5 million completed in October 2008. 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.
Investors in Initiate Systems
Initiate Systems has secured backing from 11 investors, including venture fund and institutional investors. Prominent investors backing the company include IBM, Informatica and Dell EMC.
| Investor | Description | Founded Year | Domain | Location |
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Early-stage US venture capital investments are made by Sandbox Industries.
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Funding is provided to healthcare startups by corporate-backed BVF.
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Venture capital is invested in multiple sectors by Paladin Capital.
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Investor details for Initiate Systems
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Investments & Acquisitions by Initiate Systems
Initiate Systems has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Accenx Technologies.
Investment portfolio details for Initiate Systems
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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EMR interoperability solutions are provided for hospitals and agencies.
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Complete acquisition details for Initiate Systems
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Financial Statements - Initiate Systems
Detailed financials for Initiate Systems
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Initiate Systems Comparisons
Peer comparison for Initiate Systems
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Competitors of Initiate Systems
Initiate Systems 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 Cleo, Reltio, SPS Commerce, Magnitude and Cinchy, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Cleo is recognized for providing supply chain integration solutions.
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Master data management is delivered through a cloud-based platform.
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Software suite solutions for retail supply chain are provided.
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BI products for CPM, MDM, and data integration are offered.
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Enterprise data collaboration and management solutions are provided online.
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Data exchange platform is provided for sharing and monetizing data.
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Detailed competitors of Initiate Systems
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Latest news on Initiate Systems
Complete news archive for Initiate Systems
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Frequently Asked Questions about Initiate Systems
Initiate Systems was founded in 1996 and raised its 1st funding round 10 years after it was founded.
Initiate Systems is headquartered in Chicago, United States. It is registered at Chicago, Illinois, United States.
Initiate Systems is a funded company, having raised a total of $31M across 3 funding rounds to date.
Initiate Systems was founded in 1996 in Chicago, United States, and focuses on software solutions for electronic data interchange. Tools for data integration, information exchange, and master data management are offered through its platform. Solutions are tailored for sectors including healthcare, financial institutions, and retail, enabling digital data sharing among users. Operations emphasize secure and efficient data handling across industries.
Initiate Systems's top competitors include SPS Commerce, Cleo and Reltio.
Initiate Systems has made 1 acquisition, including Accenx Technologies.
Initiate Systems has 11 investors. Key investors include IBM, Informatica, Dell EMC, Sandbox Industries, and BVF.