About Istari
Istari is a company based in Cambridge (United States) founded in 2022 by Will Roper and Chris Benson.. Istari has raised $40.05 million across 2 funding rounds from investors including Eric Schmidt. Istari has completed 1 acquisition, including DGraph. Istari offers products and services including Digital Twins Software and Engineering Metaverse Tools. Istari operates in a competitive market with competitors including Theatro, ThoughtWire, 9Solutions, DataMesh and Inlight Labs, among others.
- Headquarter Cambridge, United States
- Founders Will Roper, Chris Benson
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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 Istari Digital, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$40.05 M (USD)
in 2 rounds
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Latest Funding Round
$27.05 M (USD), Series A
Dec 20, 2024
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Investors
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Employee Count
Employee Count
- Investments & Acquisitions
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Products & Services of Istari
Istari offers a comprehensive portfolio of products and services, including Digital Twins Software and Engineering Metaverse Tools. 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.
Enables secure digital threads for engineering simulations and collaborations
Facilitates distributed workflows across users and organizations
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Funding Insights of Istari
Istari has successfully raised a total of $40.05M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $27.05 million completed in December 2024. 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 Series A — $27.1M
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First Round
First Round
(14 Feb 2023)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Dec, 2024 | Amount | Series A - Istari | Valuation |
investors |
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| Feb, 2023 | Amount | Seed - Istari | Valuation | Eric Schmidt |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 Istari
Istari has secured backing from 1 investor, including angel investors. Prominent investors backing the company include Eric Schmidt. 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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Eric Schmidt |
Former Google CEO, angel investor, tech visionary supporting Indian startups
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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 Istari
Istari has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include DGraph. 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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Cloud-based open-source distributed graph database is provided for scalable queries.
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2016 |
| 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 - Istari
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Istari Comparisons
Competitors of Istari
Istari 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 Theatro, ThoughtWire, 9Solutions, DataMesh and Inlight Labs, 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 |
IoT and AI-based workforce communication platform is provided.
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| domain | founded_year | HQ Location |
IoT predictive maintenance platform for real-time issue resolution is provided.
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| domain | founded_year | HQ Location |
Indoor positioning wearables are developed for safety and productivity.
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| domain | founded_year | HQ Location |
Provider of augmented reality-based content creation tools
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| domain | founded_year | HQ Location |
IoT-enabled workforce and asset management is offered for facility operations.
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| domain | founded_year | HQ Location |
Wearable technology and AI software are developed for industrial safety.
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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 Istari
Frequently Asked Questions about Istari
When was Istari founded?
Istari was founded in 2022 and raised its 1st funding round 1 year after it was founded.
Where is Istari located?
Istari is headquartered in Cambridge, United States. It is registered at Cambridge, Massachusetts, United States.
Who is the current CEO of Istari?
Will Roper is the current CEO of Istari. They have also founded this company.
Is Istari a funded company?
Istari is a funded company, having raised a total of $40.05M across 2 funding rounds to date. The company's 1st funding round was a Seed of $13M, raised on Feb 14, 2023.
What does Istari do?
Istari was founded in 2022 and is headquartered in Cambridge, United States. A metaverse-based digital twin platform tailored for engineering applications is provided by the company. Collaboration on software-enabled physical systems is enabled through this platform. Digital threads are audited, projects are designed, tested, and reviewed for learning purposes, while workflow processes are streamlined to support engineering operations in the technology sector.
Who are the top competitors of Istari?
Istari's top competitors include 9Solutions, Theatro and Verve Motion.
What products or services does Istari offer?
Istari offers Digital Twins Software and Engineering Metaverse Tools.
How many acquisitions has Istari made?
Istari has made 1 acquisition, including DGraph.
Who are Istari's investors?
Istari has 1 investor. Key investors include Eric Schmidt.
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