About Scite
Scite is a company based in Brooklyn (United States) founded in 2018 by Josh Nicholson was acquired by Research Solutions in November 2023.. Scite offers products and services including Assistant by scite and Smart Citations. Scite operates in a competitive market with competitors including Gartner, GlobalData, RELX, Everest Group and Mintel, among others.
- Headquarter Brooklyn, United States
- Founders Josh Nicholson
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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 Scite, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
$1.5 M (USD), Grant
May 14, 2020
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Investors
Research Solutions
& 3 more
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Employee Count
Employee Count
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Acquired by
Research Solutions
(Nov 27, 2023)
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Products & Services of Scite
Scite offers a comprehensive portfolio of products and services, including Assistant by scite and Smart Citations. 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.
AI assistant for research queries and citation management tasks.
Database classifying citations as supporting or contrasting evidence.
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Funding Insights of Scite
- Total Funding Total Funding
- Total Rounds 3
- Last Round Grant — $1.5M
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First Round
First Round
(01 Jul 2019)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2020 | Amount | Grant - Scite | Valuation |
investors |
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| Sep, 2019 | Amount | Grant - Scite | Valuation |
investors |
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| Jul, 2019 | Amount | Grant - Scite | 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 Scite
Scite has secured backing from 4 investors, including institutional investors. Prominent investors backing the company include Research Solutions, HHS and SBIR. 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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Scientific research on drug use and addiction is supported.
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Founded Year | Domain | Location | |
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Public health and human services are overseen by HHS.
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Founded Year | Domain | Location | |
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Federal innovation and scientific achievement services 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 Scite
| 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 - Scite
| 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 |
Scite Comparisons
Competitors of Scite
Scite 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 Gartner, GlobalData, RELX, Everest Group and Mintel, 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 |
Research and advisory services are delivered across multiple industries.
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| domain | founded_year | HQ Location |
Provider of online research intelligence, reports and analytics for the multi sector
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| domain | founded_year | HQ Location |
Information-based analytics and decision tools are provided for businesses.
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| domain | founded_year | HQ Location |
Business research services are delivered via subscription-based reports.
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| domain | founded_year | HQ Location |
B2B market intelligence company
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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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Latest news on Scite
Frequently Asked Questions about Scite
When was Scite founded?
Scite was founded in 2018 and raised its 1st funding round 1 year after it was founded.
Where is Scite located?
Scite is headquartered in Brooklyn, United States. It is registered at Brooklyn, New York, United States.
Who is the current CEO of Scite?
Josh Nicholson is the current CEO of Scite. They have also founded this company.
What does Scite do?
Scite was founded in 2018 and is headquartered in Brooklyn, United States. Operations focus on the scientific research sector, where data on papers and citations is generated through machine learning. Documents are scanned, citations are classified based on context, and a plugin is offered for users to browse and assess files. This setup supports evaluation of scholarly content across various sources.
Who are the top competitors of Scite?
Scite's top competitors include Gartner, RELX and Everest Group.
What products or services does Scite offer?
Scite offers Assistant by scite and Smart Citations.
Who are Scite's investors?
Scite has 4 investors. Key investors include Research Solutions, HHS, SBIR, and National Institute on Drug Abuse.