About Recommind
Recommind is a company based in San Francisco (United States) founded in 2000 was acquired by OpenText in June 2016.. Recommind has raised $22.5 million across 2 funding rounds from investors including OpenText, Kennet Partners and Sapphire Ventures. The company has 113 employees as of December 31, 2022. Recommind operates in a competitive market with competitors including Liquid Machines, Consilio, Lighthouse, Kazeon Systems and Legal.io, among others.
- Headquarter San Francisco, United States
- Employees 113 as on 31 Dec, 2022
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Sectors
Professional & Legal ServicesTechnology
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Phone
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Website
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Social
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- Legal Name Recommind, Inc.
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Funding Insights of Recommind
Recommind has successfully raised a total of $22.5M across 2 strategic funding rounds. The most recent funding activity was a Series C round of $15 million completed in September 2013. 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 C — $15.0M
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First Round
First Round
(12 Aug 2008)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2013 | Amount | Series C - Recommind | Valuation |
investors |
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| Aug, 2008 | Amount | Series B - Recommind | 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 Recommind
Recommind has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include OpenText, Kennet Partners and Sapphire Ventures. 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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Venture capital firm partnering with enterprise software companies and early-stage funds.
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Founded Year | Domain | Location | |
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Tech and offline focused VC firm investing primarily in the US and Europe
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Founded Year | Domain | Location | |
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Cloud-based enterprise information management and GRC solutions are provided.
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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 Recommind
| 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 - Recommind
| 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 |
Recommind Comparisons
Competitors of Recommind
Recommind 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 Liquid Machines, Consilio, Lighthouse, Kazeon Systems and Legal.io, 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 |
Enterprise rights management solutions control electronic corporate assets.
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| domain | founded_year | HQ Location |
Cloud-based ediscovery software and services are provided to law firms.
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| domain | founded_year | HQ Location |
Lighthouse is recognized for providing eDiscovery and AI-driven legal solutions.
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| domain | founded_year | HQ Location |
Legal e-discovery and information management services are offered.
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| domain | founded_year | HQ Location |
Legal marketplace is provided for talent searches and professional networking.
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| domain | founded_year | HQ Location |
Legal research is powered by big data and machine learning.
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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 Recommind
Frequently Asked Questions about Recommind
When was Recommind founded?
Recommind was founded in 2000 and raised its 1st funding round 8 years after it was founded.
Where is Recommind located?
Recommind is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Is Recommind a funded company?
Recommind is a funded company, having raised a total of $22.5M across 2 funding rounds to date. The company's 1st funding round was a Series B of $7.5M, raised on Aug 12, 2008.
How many employees does Recommind have?
As of Dec 31, 2022, the latest employee count at Recommind is 113.
What does Recommind do?
Recommind was founded in 2000 in San Francisco, United States, and operates within the business intelligence and data analytics sector. An enterprise search and categorization platform is offered by the company, through which large volumes of information from multiple sources are automatically organized, managed, and distributed. Operations focus on enabling efficient handling of diverse data sets across various industries.
Who are the top competitors of Recommind?
Recommind's top competitors include Lighthouse, Consilio and Kazeon Systems.
Who are Recommind's investors?
Recommind has 3 investors. Key investors include OpenText, Kennet Partners, and Sapphire Ventures.
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