About Open Plug
Open Plug is a company based in Illinois City (United States) founded in 2002 was acquired by Alcatel-Lucent in September 2010.. Open Plug has raised $29.8 million across 2 funding rounds from investors including Siparex, Alcatel-Lucent and I Source VC. Open Plug operates in a competitive market with competitors including UST, NTT DATA, Breed Reply, Globant and 1&1 IONOS, among others.
- Headquarter Illinois City, 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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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$29.8 M (USD)
in 2 rounds
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Latest Funding Round
$15 M (USD), Series B
Oct 03, 2006
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Investors
Siparex
& 4 more
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Employee Count
Employee Count
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Acquired by
Alcatel-Lucent
(Sep 01, 2010)
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Funding Insights of Open Plug
Open Plug has successfully raised a total of $29.8M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $15 million completed in October 2006. 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 B — $15.0M
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First Round
First Round
(01 Sep 2006)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2006 | Amount | Series B - Open Plug | Valuation |
investors |
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| Sep, 2006 | Amount | Series A - Open Plug | Valuation |
investors |
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| 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 Open Plug
Open Plug has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include Siparex, Alcatel-Lucent and I Source VC. 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 focused on growth stage companies.
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location | |
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Venture capital investments are made by Auriga Partners in France.
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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 Open Plug
| 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 - Open Plug
| 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 |
Open Plug Comparisons
Competitors of Open Plug
Open Plug 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 UST, NTT DATA, Breed Reply, Globant and 1&1 IONOS, 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 |
High-quality office furniture is provided by UST for various needs.
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| domain | founded_year | HQ Location |
Application development, cloud, cybersecurity, and business intelligence services are provided.
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| domain | founded_year | HQ Location |
AI, cloud, and blockchain services are provided globally.
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| domain | founded_year | HQ Location |
IT and digital transformation services are delivered to various industries.
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| domain | founded_year | HQ Location |
Cloud infrastructure and hosting services are provided by 1&1 IONOS.
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| domain | founded_year | HQ Location |
Provider of end-to-end business process outsourcing services
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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 Open Plug
Frequently Asked Questions about Open Plug
When was Open Plug founded?
Open Plug was founded in 2002 and raised its 1st funding round 4 years after it was founded.
Where is Open Plug located?
Open Plug is headquartered in Illinois City, United States. It is registered at Illinois City, Illinois, United States.
Is Open Plug a funded company?
Open Plug is a funded company, having raised a total of $29.8M across 2 funding rounds to date. The company's 1st funding round was a Series A of $14.8M, raised on Sep 01, 2006.
What does Open Plug do?
Open Plug was established in 2002 in Illinois City, United States, within the information technology sector. Operations focus on delivering DevOps solutions, data analytics, cloud computing, web development, and custom software services. The company supports various clients through its domain at openplug.com, emphasizing practical IT infrastructure and application needs across domestic markets.
Who are the top competitors of Open Plug?
Open Plug's top competitors include Happiest Minds, 1&1 IONOS and Genpact.
Who are Open Plug's investors?
Open Plug has 5 investors. Key investors include Siparex, Alcatel-Lucent, I Source VC, BayTech Venture Capital, and Auriga Partners.
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