About INNOVX
INNOVX is a company based in Woburn (United States) founded in 2001 was acquired by Olympus in July 2010. It operates as a Professional Services. INNOVX has raised $27 million across 1 funding round from investors including Olympus and Summit Partners. INNOVX offers products and services including Innovation Engine.
- Headquarter Woburn, United States
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Sectors
TechnologyAgriculture Energy & Utilities Chemicals & Materials
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Phone
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Website
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Social
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- Legal Name Innovx
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Products & Services of INNOVX
INNOVX offers a comprehensive portfolio of products and services, including Innovation Engine. 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.
Next-generation businesses are built and scaled for innovation.
Funding Insights of INNOVX
INNOVX has successfully raised a total of $27M through 1 strategic funding round. The most recent funding activity was a Series B round of $27 million completed in January 2007. 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 1
- Last Round Series B — $27.0M
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First Round
First Round
(08 Jan 2007)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2007 | Amount | Series B - INNOVX | 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 INNOVX
INNOVX has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include Olympus and Summit Partners. 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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Summit Partners is recognized as a growth equity investment firm.
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Founded Year | Domain | Location | |
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Manufacturer of imaging and surgical products
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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 INNOVX
| 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 - INNOVX
| 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 |
Innovx Comparisons
Competitors of INNOVX
| 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 INNOVX
When was INNOVX founded?
INNOVX was founded in 2001 and raised its 1st funding round 6 years after it was founded.
Where is INNOVX located?
INNOVX is headquartered in Woburn, United States. It is registered at Woburn, Massachusetts, United States.
Is INNOVX a funded company?
INNOVX is a funded company, having raised a total of $27M across 1 funding round to date. The company's 1st funding round was a Series B of $27M, raised on Jan 08, 2007.
What does INNOVX do?
INNOVX is established as an innovation engine by Mohammed VI Polytechnic University, focusing on building and scaling next-generation businesses and industrial ecosystems. Activities are centered on catalyzing sustainable growth and innovation across sectors like agriculture, water, energy, and chemicals. Operations are extended to impact Morocco, Africa, and beyond with sustainable solutions.
What products or services does INNOVX offer?
INNOVX offers Innovation Engine.
Who are INNOVX's investors?
INNOVX has 2 investors. Key investors include Olympus, and Summit Partners.