About Platform Solutions
Platform Solutions is a company based in Sunnyvale (United States) founded in 1999 was acquired by IBM in July 2008.. Platform Solutions has raised $37 million across 1 funding round from investors including Microsoft, IBM and Goldman Sachs. Platform Solutions offers products and services including Procurement Platform, Budgeting Tool, Order Management, Invoice Reconciliation, and Approval System. Platform Solutions operates in a competitive market with competitors including Hewlett Packard Enterprise, Lenovo, Dell, OVHcloud and Super Micro, among others.
- Headquarter Sunnyvale, United States
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Sectors
Technology
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Phone
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Website
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Social
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Products & Services of Platform Solutions
Platform Solutions offers a comprehensive portfolio of products and services, including Procurement Platform, Budgeting Tool, Order Management, Invoice Reconciliation, and Approval System. 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.
Streamlines healthcare purchasing with budgeting and order tools.
Calculates accurate budgets integrated with eMAR systems.
Facilitates browsing, adding to cart, and buying supplies.
Automates processing and reconciliation of invoices.
Enables seamless order approvals and bulk processing.
Funding Insights of Platform Solutions
Platform Solutions has successfully raised a total of $37M through 1 strategic funding round. The most recent funding activity was a Series C round of $37 million completed in November 2007. 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 1
- Last Round Series C — $37.0M
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First Round
First Round
(27 Nov 2007)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2007 | Amount | Series C - Platform Solutions | 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 Platform Solutions
Platform Solutions has secured backing from 7 investors, including venture fund and institutional investors. Prominent investors backing the company include Microsoft, IBM and Goldman Sachs. 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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Investment in technology startups focusing on compute, AI, and related innovations.
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Founded Year | Domain | Location | |
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Early-stage investing in IT and healthcare ventures.
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Founded Year | Domain | Location | |
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Private equity, real estate, and credit investments are managed globally.
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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 Platform Solutions
| 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 - Platform Solutions
| 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 |
Platform Solutions Comparisons
Competitors of Platform Solutions
Platform Solutions 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 Hewlett Packard Enterprise, Lenovo, Dell, OVHcloud and Super Micro, 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 |
HPC solutions are delivered via supercomputers and storage systems.
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Diversified servers and hardware products are offered by Lenovo.
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| domain | founded_year | HQ Location |
Dell is recognized for providing computers and technology solutions.
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Public cloud solutions and storage services are provided for applications.
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Enterprise servers are designed, developed, and manufactured by Super Micro.
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High-performance computing solutions are delivered via Linux software and servers.
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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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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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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Platform Solutions
When was Platform Solutions founded?
Platform Solutions was founded in 1999 and raised its 1st funding round 8 years after it was founded.
Where is Platform Solutions located?
Platform Solutions is headquartered in Sunnyvale, United States. It is registered at Sunnyvale, California, United States.
Is Platform Solutions a funded company?
Platform Solutions is a funded company, having raised a total of $37M across 1 funding round to date. The company's 1st funding round was a Series C of $37M, raised on Nov 27, 2007.
What does Platform Solutions do?
Platform Solutions was founded in 1999 in Sunnyvale, United States, within the IT hardware sector. Mainframe computers compatible with specific datacenter environments and operating systems are provided. Offerings encompass Open Mainframe servers, Open Systems servers, and NEC D-Series storage arrays. The System64 product line integrates zOS, Windows, and Linux on Intel Itanium 2 processor technology for a unified operating environment.
Who are the top competitors of Platform Solutions?
Platform Solutions's top competitors include Dell, Hewlett Packard Enterprise and Lenovo.
What products or services does Platform Solutions offer?
Platform Solutions offers Procurement Platform, Budgeting Tool, Order Management, Invoice Reconciliation, and Approval System.
Who are Platform Solutions's investors?
Platform Solutions has 7 investors. Key investors include Microsoft, IBM, Goldman Sachs, Intel Capital, and InterWest.