About Recore Systems
Recore Systems is a company based in Enschede (Netherlands) founded in 2005 by Gerard Rauwerda. It operates as a B2B. Recore Systems has raised $5 million across 4 funding rounds from investors including European Union, Oost NL and Point One Innovation Fund. Recore Systems operates in a competitive market with competitors including Cornami, UPMEM, Tilera, eSilicon Corporation and Adapteva, among others.
- Headquarter Enschede, Netherlands
- Founders Gerard Rauwerda
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Sectors
Technology
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Phone
*********
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Website
*********
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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 M (USD)
in 4 rounds
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Latest Funding Round
$650.24 K (USD), Grant
Jan 01, 2016
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Investors
European Union
& 3 more
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Employee Count
Employee Count
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Funding Insights of Recore Systems
Recore Systems has successfully raised a total of $5M across 4 strategic funding rounds. The most recent funding activity was a Grant round of $650.24 thousand completed in January 2016. 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 4
- Last Round Grant — $650,242
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First Round
First Round
(18 Sep 2009)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2016 | Amount | Grant - Recore Systems | Valuation |
investors |
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| Mar, 2015 | Amount | Grant - Recore Systems | Valuation |
investors |
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| Apr, 2014 | Amount | Series B - Recore Systems | 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 Recore Systems
Recore Systems has secured backing from 4 investors, including institutional and venture fund investors. Prominent investors backing the company include European Union, Oost NL and Point One Innovation Fund. 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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Support is offered for Hudson test preparation in recruitment.
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Sector-agnostic VC firm investing in geographies such as the Netherlands
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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 Recore Systems
| 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 - Recore Systems
| 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 |
Recore Systems Comparisons
Competitors of Recore Systems
Recore Systems 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 Cornami, UPMEM, Tilera, eSilicon Corporation and Adapteva, 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 |
AI-powered microprocessors are supplied for parallel computing tasks.
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| domain | founded_year | HQ Location |
Processing units are embedded in DRAM for data-intensive applications.
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| domain | founded_year | HQ Location |
Scalable multicore embedded processor design company
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| domain | founded_year | HQ Location |
Digital CMOS and FinFET ASICs are designed and manufactured fablessly.
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| domain | founded_year | HQ Location |
Multicore chips for parallel computing are designed and developed.
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| domain | founded_year | HQ Location |
High-performance computing processor chips provider
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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 Recore Systems
When was Recore Systems founded?
Recore Systems was founded in 2005 and raised its 1st funding round 4 years after it was founded.
Where is Recore Systems located?
Recore Systems is headquartered in Enschede, Netherlands. It is registered at Enschede, Overijssel, Netherlands.
Is Recore Systems a funded company?
Recore Systems is a funded company, having raised a total of $5M across 4 funding rounds to date. The company's 1st funding round was a Series B of $2M, raised on Sep 18, 2009.
What does Recore Systems do?
Recore Systems develops innovative multi-core processor subsystems for data analytics through leveraging cutting-edge technology, hardware, processor systems, and data analytics. Prioritizing client-centric approaches, it ensures high-quality outcomes, innovation, and sustainable practices in its field. It continues to evolve, meeting industry challenges with strategic approaches.
Who are the top competitors of Recore Systems?
Recore Systems's top competitors include Cornami, eSilicon Corporation and UPMEM.
Who are Recore Systems's investors?
Recore Systems has 4 investors. Key investors include European Union, Oost NL, Point One Innovation Fund, and Twente Technology Fund.
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