About Masstech
Masstech is a company based in Richmond Hill (Canada) founded in 2001 was acquired by Telestream in March 2021.. Masstech has completed 1 acquisition, including PlayBox Technology. Masstech operates in a competitive market with competitors including Canto, Imagen, Wazee Digital, Fotoware and IPV, among others.
- Headquarter Richmond Hill, Canada
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Sectors
Media & Entertainment
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Phone
*********
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Website
*********
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
$136.74 K (USD), Grant
Jul 15, 2016
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Investors
Telestream
& 2 more
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Employee Count
Employee Count
- Investments & Acquisitions
- Acquired by
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Funding Insights of Masstech
- Total Funding Total Funding
- Total Rounds 11
- Last Round Grant — $136,735
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First Round
First Round
(01 Jul 2008)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2016 | Amount | Grant - Masstech | Valuation |
investors |
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| Mar, 2016 | Amount | Grant - Masstech | Valuation |
investors |
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| Aug, 2014 | Amount | Grant - Masstech | 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 Masstech
Masstech has secured backing from 3 investors, including institutional and venture fund investors. Prominent investors backing the company include Telestream, HHS and FPE Capital. 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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Private equity investments are made in software and data companies.
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Founded Year | Domain | Location | |
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Public health and human services are overseen by HHS.
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Founded Year | Domain | Location | |
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Live and on-demand video streaming solutions are provided by Telestream.
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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 Masstech
Masstech has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include PlayBox Technology. 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
|
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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SaaS-based channel-in-a-box solutions are delivered for broadcasters.
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1994 |
| 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 - Masstech
| 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 |
Masstech Comparisons
Competitors of Masstech
Masstech 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 Canto, Imagen, Wazee Digital, Fotoware and IPV, 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 |
Digital assets are managed, organized, and shared via cloud platform.
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| domain | founded_year | HQ Location |
Imagen is recognized for providing cloud-native media asset management solutions.
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| domain | founded_year | HQ Location |
Cloud-based video management solutions are delivered to media enterprises.
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| domain | founded_year | HQ Location |
Digital assets are managed via specialized software solutions.
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| domain | founded_year | HQ Location |
Media asset management system solutions provider
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| domain | founded_year | HQ Location |
Provides a cloud platform for video collaboration.
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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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Latest news on Masstech
Frequently Asked Questions about Masstech
When was Masstech founded?
Masstech was founded in 2001 and raised its 1st funding round 7 years after it was founded.
Where is Masstech located?
Masstech is headquartered in Richmond Hill, Canada. It is registered at Richmond Hill, Ontario, Canada.
What does Masstech do?
Masstech was founded in 2001 and is based in Richmond Hill, Canada. Tools for media asset management, archiving, workflow automation, and transcoding are developed for the media and entertainment sector. Operations focus on enabling content to be saved, shared, and transformed. Customers are supported in monetizing assets across multiple platforms through these technologies.
Who are the top competitors of Masstech?
How many acquisitions has Masstech made?
Masstech has made 1 acquisition, including PlayBox Technology.
Who are Masstech's investors?
Masstech has 3 investors. Key investors include Telestream, HHS, and FPE Capital.