About NAG
NAG is a company based in Lisle (United States) founded in 1992.. NAG offers products and services including n AG Library, Automatic Differentiation, Fortran Compiler, and Optimization Modelling Suite. NAG operates in a competitive market with competitors including Dlib, OpenMDAO, Vanderplaats, Modelica and ALGLIB, among others.
- Headquarter Lisle, United States
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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 Numerical Algorithms Group Limited (The)
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
$1.91 M (USD), Grant
Dec 01, 2018
- Investors
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Employee Count
Employee Count
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Products & Services of NAG
NAG offers a comprehensive portfolio of products and services, including n AG Library, Automatic Differentiation, Fortran Compiler, and Optimization Modelling Suite. 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 accurate statistical and numerical algorithms for complex computations
Enables numerical sensitivity analysis for engineering applications
Offers optimization and performance for scientific coding tasks
Delivers flexible solvers for nonlinear programming problems
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Funding Insights of NAG
- Total Funding Total Funding
- Total Rounds 2
- Last Round Grant — $1.9M
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First Round
First Round
(01 Oct 2015)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Dec, 2018 | Amount | Grant - NAG | Valuation |
investors |
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| Oct, 2015 | Amount | Grant - NAG | Valuation |
investors |
| 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 NAG
NAG has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include European Union. 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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Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability
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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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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Investments & Acquisitions by NAG
| 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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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - NAG
| 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 |
Nag Comparisons
Competitors of NAG
NAG 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 Dlib, OpenMDAO, Vanderplaats, Modelica and ALGLIB, 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.
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Provides an open-source framework for advanced optimization solutions.
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Provides numerical analysis tools and data processing in C++, C#, Java and other languages.
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Nag
Frequently Asked Questions about NAG
When was NAG founded?
NAG was founded in 1992 and raised its 1st funding round 23 years after it was founded.
Where is NAG located?
NAG is headquartered in Lisle, United States. It is registered at Lisle, Illinois, United States.
What does NAG do?
Numerical Algorithms Group (NAG) provides a library for optimizing problems. The company offers a wide range of libraries such as a library for convex and local optimization, global optimization, and a library for optimization of mixed-integer programming and operational research problems. The software and libraries offered by the company can be used in sectors such as finance, business intelligence, and the oil gas industry. The company also provides service for mathematical optimization consultancy, algorithm design development, and software modernization.
Who are the top competitors of NAG?
NAG's top competitors include Dlib, OpenMDAO and Vanderplaats.
What products or services does NAG offer?
NAG offers n AG Library, Automatic Differentiation, Fortran Compiler, and Optimization Modelling Suite.
Who are NAG's investors?
NAG has 1 investor. Key investors include European Union.