About Peritus
Peritus is a company based in Palo Alto (United States) founded in 2017 by Santhosh Srinivasan.. Peritus has raised $5.4 million across 2 funding rounds from investors including Benhamou Global Ventures, First Rays Venture Partners and Hive Data. The company has 3 employees as of December 31, 2023. Peritus operates in a competitive market with competitors including UiPath, Moveworks, HyperScience, Silo.AI and Automation Anywhere, among others.
- Headquarter Palo Alto, United States
- Employees 3 as on 31 Dec, 2023
- Founders Santhosh Srinivasan
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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
*********
- Legal Name Peritus Ai, 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
$5.4 M (USD)
in 2 rounds
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Latest Funding Round
$3.4 M (USD), Seed
Sep 29, 2021
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Investors
Benhamou Global Ventures
& 3 more
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Employee Count
3
as on Dec 31, 2023
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Funding Insights of Peritus
Peritus has successfully raised a total of $5.4M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $3.4 million completed in September 2021. 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 Seed — $3.4M
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First Round
First Round
(15 Mar 2018)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2021 | Amount | Seed - Peritus | Valuation | First Rays Venture Partners , Benhamou Global Ventures |
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| Mar, 2018 | Amount | Seed - Peritus | Valuation | The Hive , Ideaspring Capital |
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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 Peritus
Peritus has secured backing from 4 investors, including venture fund investors. Prominent investors backing the company include Benhamou Global Ventures, First Rays Venture Partners and Hive Data. 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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A specialized seed fund is operated for enterprise infrastructure startups.
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Founded Year | Domain | Location | |
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Venture capital firm investing in AI and cross-border enterprise startups from Silicon Valley.
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Founded Year | Domain | Location | |
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Hive Data is engaged in co-creating AI-based 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 Peritus
| 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 - Peritus
| 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 |
Peritus Comparisons
Competitors of Peritus
Peritus 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 UiPath, Moveworks, HyperScience, Silo.AI and Automation Anywhere, 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 |
Cloud-based robotic process automation software is developed and provided.
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| domain | founded_year | HQ Location |
Cloud based platform for employee communication
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| domain | founded_year | HQ Location |
Document processing is automated through AI-based robotic platforms.
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| domain | founded_year | HQ Location |
Provider of customized AI-powered solutions
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| domain | founded_year | HQ Location |
An AI-based platform for robotic process automation is provided.
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| domain | founded_year | HQ Location |
AI platform streamlines IT service management and employee experiences.
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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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Frequently Asked Questions about Peritus
When was Peritus founded?
Peritus was founded in 2017 and raised its 1st funding round 1 year after it was founded.
Where is Peritus located?
Peritus is headquartered in Palo Alto, United States. It is registered at Palo Alto, California, United States.
Is Peritus a funded company?
Peritus is a funded company, having raised a total of $5.4M across 2 funding rounds to date. The company's 1st funding round was a Seed of $2M, raised on Mar 15, 2018.
How many employees does Peritus have?
As of Dec 31, 2023, the latest employee count at Peritus is 3.
What does Peritus do?
Peritus was founded in 2017 in Palo Alto, United States, as a provider of AI-based virtual assistants for IT operations. Solutions are offered to automate incident categorization, assignment, and resolution suggestions within data centers, telecom networks, and industrial operations. Deep learning and natural language processing technologies are utilized, with integration into logging services and system management tools for analysis, monitoring, and prevention. Automated answers are found and posted on Slack.
Who are the top competitors of Peritus?
Peritus's top competitors include Moveworks, UiPath and Atomicwork.
Who are Peritus's investors?
Peritus has 4 investors. Key investors include Benhamou Global Ventures, First Rays Venture Partners, Hive Data, and Ideaspring Capital.
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