About Simility
Simility is a Technology company based in Palo Alto (United States) founded in 2014, and was acquired by PayPal in June 2018. SaaS platform for fraud detection and risk management is utilized. It operates in the Technology and Financial Services sectors. Simility has raised $24.96 million across 4 funding rounds from investors including PayPal, Accel and The Valley Fund. The company has 38 employees. Its Indian entity Simility Software Services India Private Limited reported revenue of ₹8.13 Cr. Simility offers products and services including Simility Analytics Platform and Fraud Protection Services. Its focus areas include FinTech, Payments, Enablers and Payment Security. Its competitors include Signifyd, Entrust and ThreatMetrix; 2 of its 3 listed competitors have raised funding.
Company details
Simility was founded in 2014 in Palo Alto, United States, within the fintech sector. A SaaS platform is operated for enterprise fraud detection and risk management, integrating big data analytics, machine learning, and data visualization. Transactions and user behavior are analyzed in real time, with instant alerts generated to support immediate actions that reduce financial losses and transaction friction.
- Headquarters Palo Alto, United States
- Employees 38
- Stage Acquired
- SectorsTechnologyFinancial Services
- Website simility.com
- Social X
- Acquired by PayPal (Jun 2018)
- Legal Name Simility Software Services India Private Limited
- Date of Incorporation 26 Nov, 2014
- Jurisdiction Hyderabad, Telangana, India
- Indian entity revenue₹8.13 Cr
FY 2018 · +59% YoY
- Indian entity net profit₹76 Lakh
FY 2018 · 9% margin
- Indian entity EBITDA₹1.17 Cr
FY 2018 · 14% margin
- Total Equity Funding$24.96M (USD)
in 4 rounds
- Latest Funding Round$17.75M (USD), Series B
Dec 2017
- InvestorsPayPal
& 3 more
- Employee Count38
- Acquired byPayPal
(Jun 2018)
Associated legal entities of Simility
Simility operates through Simility Software Services India Private Limited (strike off). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2018) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Simility Software Services India Private Limited CIN U74140TG2014FTC096555 | Strike Off | 26 Nov 2014 | Hyderabad, Telangana | ₹8.1 Cr | 38 | 2 | View details |
Products & Services of Simility
Simility offers a comprehensive portfolio of products and services, including Simility Analytics Platform and Fraud Protection Services.
Platform for analyzing business data to detect and prevent fraud.
Tools for monitoring and mitigating fraudulent activities in transactions.
Funding Insights of Simility
Simility has successfully raised a total of $24.96M across 4 strategic funding rounds. The most recent funding activity was a Series B round of $17.75 million completed in December 2017. 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 $24.96M
- Total Rounds 4
- Last Round Series B — $17.75M
- First Round $3.45M
(Aug 2015)
- Investors Count 4
All 4 funding rounds of Simility with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
4 investors in total: 4 institutional.
Investors in Simility
Simility has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include PayPal, Accel and The Valley Fund.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Accel is recognized as a leading venture capital firm. | 1983 | accel.com | Palo Alto, United States | |
Early-stage US tech startups are funded by The Valley Fund. | thevalleyfund.com | Menlo Park, United States | ||
Venture capital firm investing in early-stage technology and real estate companies. | trinityventures.com | |||
Online payment solutions are offered to consumers and businesses. | 1998 | paypal.com | San Jose, United States |
Investor details for Simility
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Verified entity values are shown only after access is granted.
Board of directors of Simility Software Services India Private Limited (Simility)
Simility Software Services India Private Limited is the primary company behind Simility. The board of Simility Software Services India Private Limited currently have 2 directors; the longest-serving is Jayanthi Vaidyanathan, appointed in 2018. 7 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Jayanthi Vaidyanathan DIN 07144376 | Director | 12 Jul 2018 | 8 yrs 3 mo | Simility Software Services India Private Limited |
| Nath Parameshwaran DIN 07545081 | Director | 05 Sep 2018 | 8 yrs 2 mo | Simility Software Services India Private Limited |
People of Simility
1072 people are tracked at Simility (372 in leadership, 11 in board & advisors, 689 in team); the tracked headcount is 38.
| Name | Role | Group |
|---|---|---|
Alli Comeau | Head Of Partnership Marketing | Leadership |
Eugenio Piccolo | Senior Partner Success Manager | Leadership |
Kc Sin | Head Of International Compensation And Regulatory Compensation Lead | Leadership |
Kerri Warner | Head Of Employee Communications, Culture & Engagement | Leadership |
John Verdi | Senior Director, Global Privacy (legal) | Leadership |
Michele Hungerford | Director, Automation & Technology Business Program Management | Leadership |
Mike Peterson | Director Of Finance, Technology | Leadership |
Sylvia Wood | Senior Director | Leadership |
Rhodri Jones | Head Of Legal, Paypal UK Ltd | Leadership |
| Director, Corporate Affairs, India And South Asia | Leadership | |
Brian Heffernan | Director Data Science | Leadership |
Reese Haydon | Senior Director, Head Of Executive Talent & Learning | Leadership |
Alexandra Hughmanick | Relationship Manager, Channel Partner Marketing | Leadership |
Karen Kaskel | Executive Assistant To Svp, Chief Communications And Corporate Affairs Officer | Leadership |
Ravi Retineni | Director, Data Engineering And Architecture | Leadership |
Elizabeth Casey | Head Of Social Marketing | Leadership |
Ramesh Murugan | Senior Director, Employee Technology & Experiences | Leadership |
Sarah Deaton | Retired, Vice President, Global Customer Support: Global Brands, Latam & Enablement | Leadership |
Srini Venkatesan | Executive Vice President And Chief Technology Officer | Leadership |
Senthil Vellaichamy | Senior Director Of Engineering | Leadership |
1052 more people are available in the full profile.
Complete people profiles for Simility
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Verified entity values are shown only after access is granted.
Financials of Simility
Figures of Simility Software Services India Private Limited, the primary company behind Simility, for FY 2018. Revenue was ₹8.13 Cr (+59% year on year). Net profit was ₹76 Lakh (9% margin). EBITDA was ₹1.17 Cr (14% margin).
- ₹8.13 CrRevenue · FY 2018 · +59% YoY
- ₹76 LakhNet profit · 9% margin
- ₹1.17 CrEBITDA · 14% margin
- ₹57.7 LakhPaid-up capital
- 38Employees (provident fund records)
Balance sheet, profit and loss, cash flow and ratios of Simility Software Services India Private Limited are on its company page.
Detailed financial statements for Simility
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Simility
4 dated milestones of Simility across 4 years, from founding to its latest funding, stage changes and deals.
- Founded Simility is founded.
- Funding First funding round of $3.5M.
- Funding Latest funding round, Series B, of $17.8M.
- Exit Acquired by PayPal.
Competitors of Simility
Simility has 3 listed competitors in our database, 2 of them funded. They include Signifyd, Entrust and ThreatMetrix.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| signifyd.com | 2011 | Palo Alto, United States | $394.38M | 399 | Provider of fraud prevention and payment validation for online retailers | |
| entrust.com | 1969 | Dallas, United States | 108 | Provider of digital identity management solutions | ||
| threatmetrix.com | 2005 | San Jose, United States | $56.35M | 150 | Fraud prevention and context based authentication solution |
Detailed competitors of Simility
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
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Verified entity values are shown only after access is granted.
Top companies in GRC, Risk & Compliance Software
3 companies that operate in the same segment as Simility (GRC, Risk & Compliance Software) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Platform that provides data analysis and management solutions | 2003 | Denver, Colorado, United States | USD 2.46 B | USD 2.87 B | 5,915 | |
Cybersecurity and zero trust solutions are delivered for secure networks. | 2007 | San Jose, California, United States | USD 148 M | USD 3.35 B | 9,616 | |
Identity and access management solutions are provided for developers. | 2013 | Bellevue, Washington, United States | USD 332.75 M | 350 |
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Related news about Simility
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Frequently Asked Questions about Simility
Simility was founded in 2014 and raised its 1st funding round 1 year after it was founded.
Simility is headquartered in Palo Alto, United States. It is registered at Palo Alto, California, United States.
Simility is a funded company, having raised a total of $24.96M across 4 funding rounds to date. The company's 1st funding round was a Seed of $3.45M, raised on Aug 2015.
Simility has 38 employees.
The primary company behind Simility, Simility Software Services India Private Limited, reported revenue of ₹8.13 Cr for FY 2018, up 59% year on year.
Simility was founded in 2014 in Palo Alto, United States, within the fintech sector. A SaaS platform is operated for enterprise fraud detection and risk management, integrating big data analytics, machine learning, and data visualization. Transactions and user behavior are analyzed in real time, with instant alerts generated to support immediate actions that reduce financial losses and transaction friction.
Simility's top competitors include Signifyd, Entrust and ThreatMetrix.
Simility offers Simility Analytics Platform and Fraud Protection Services.
Simility has 4 investors. Key investors include PayPal, Accel, The Valley Fund, and Trinity Ventures.
Simility operates through Simility Software Services India Private Limited.
Yes. Simility was acquired by PayPal in June 2018.
The legal entities of Simility currently have 2 directors, including Nath Parameshwaran, Jayanthi Vaidyanathan.