About Posit
Posit is a company based in Boston (United States) founded in 2009 by J J Allaire.. Posit has raised $166.49 million across 3 funding rounds. Posit offers products and services including Posit Connect, Posit Workbench, Posit Package Manager, and RStudio IDE. Posit operates in a competitive market with competitors including Progress, Replit, Xamarin, Azul Systems and Qt Group, among others.
- Headquarter Boston, United States
- Founders J J Allaire
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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 Posit Software, Pbc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$166.49 M (USD)
in 3 rounds
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Latest Funding Round
$2.61 M (USD), Seed
Jun 17, 2022
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Investors
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Employee Count
Employee Count
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Products & Services of Posit
Posit offers a comprehensive portfolio of products and services, including Posit Connect, Posit Workbench, Posit Package Manager, and RStudio IDE. 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.
Platform for sharing data insights and applications securely.
Centralized management for RStudio, Jupyter, and VS Code tools.
Secure distribution of Python and R packages for enterprises.
Tool for coding and analyzing data with R and Python.
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Funding Insights of Posit
Posit has successfully raised a total of $166.49M across 3 strategic funding rounds. The most recent funding activity was a Seed round of $2.61 million completed in June 2022. 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 3
- Last Round Seed — $2.6M
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First Round
First Round
(27 May 2021)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jun, 2022 | Amount | Seed - Posit | Valuation |
investors |
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| Jun, 2022 | Amount | Series D - Posit | Valuation |
investors |
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| May, 2021 | Amount | Series D - Posit | Valuation |
investors |
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| 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 |
Investments & Acquisitions by Posit
| 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 - Posit
| 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 |
Posit Comparisons
Competitors of Posit
Posit 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 Progress, Replit, Xamarin, Azul Systems and Qt Group, 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 |
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| domain | founded_year | HQ Location |
IDE-based software is provided for application development and management.
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| domain | founded_year | HQ Location |
AI powered application development platform
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| domain | founded_year | HQ Location |
Cross-platform application development tools are provided by Xamarin.
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| domain | founded_year | HQ Location |
IDE based app development platform
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| domain | founded_year | HQ Location |
Cross-platform user interface and application development for desktop and embedded platforms
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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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| 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 Posit
When was Posit founded?
Posit was founded in 2009 and raised its 1st funding round 12 years after it was founded.
Where is Posit located?
Posit is headquartered in Boston, United States. It is registered at Boston, Massachusetts, United States.
Who is the current CEO of Posit?
J J Allaire is the current CEO of Posit. They have also founded this company.
Is Posit a funded company?
Posit is a funded company, having raised a total of $166.49M across 3 funding rounds to date. The company's 1st funding round was a Series D of $161.28M, raised on May 27, 2021.
What does Posit do?
Posit was founded in 2009 and is headquartered in Boston, United States. Operations are centered in the data science sector, where open-source software tools are created to support individuals, teams, and enterprises. Focus is placed on accessible solutions for data analysis and collaboration, with contributions maintained through community-driven development. Services encompass tool distribution and enterprise support across global users.
Who are the top competitors of Posit?
Posit's top competitors include Replit, Azul Systems and Xamarin.
What products or services does Posit offer?
Posit offers Posit Connect, Posit Workbench, Posit Package Manager, and RStudio IDE.
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