About Simility
Simility is a company based in Palo Alto (United States) founded in 2014 was acquired by PayPal in June 2018.. Simility has raised $24.96 million across 4 funding rounds from investors including PayPal, Accel and The Valley Fund. The company has 38 employees as of March 22, 2024. Simility offers products and services including Simility Analytics Platform and Fraud Protection Services. Simility operates in a competitive market with competitors including Signifyd, Entrust, ThreatMetrix, Riskified and Socure, among others.
- Headquarter Palo Alto, United States
- Employees 38 as on 22 Mar, 2024
-
Sectors
TechnologyFinancial Services
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Simility Software Services India Private Limited
- Date of Incorporation 26 Nov, 2014
- Jurisdiction Hyderabad, Telangana, India
-
Annual Revenue
$1.17 M (USD)59.34as on Mar 31, 2018
-
Net Profit
$109.15 K (USD)87.22as on Mar 31, 2018
-
EBITDA
$168.14 K (USD)61.4as on Mar 31, 2018
-
Total Equity Funding
$24.96 M (USD)
in 4 rounds
-
Latest Funding Round
$17.75 M (USD), Series B
Dec 21, 2017
-
Investors
PayPal
& 3 more
-
Employee Count
38
as on Mar 22, 2024
-
Acquired by
PayPal
(Jun 21, 2018)
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of Simility
Simility offers a comprehensive portfolio of products and services, including Simility Analytics Platform and Fraud Protection Services. 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 analyzing business data to detect and prevent fraud.
Tools for monitoring and mitigating fraudulent activities in transactions.
Unlock access to complete
Unlock access to complete
Software Development Team
374 people
Leadership Team
144 people
Sales and Marketing
97 people
Data Analysis and Operations Team
76 people
Product Management Team
56 people
Senior Team
36 people
Finance and Accounting
35 people
Operations Team
34 people
Unlock access to complete
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 Total Funding
- Total Rounds 4
- Last Round Series B — $17.8M
-
First Round
First Round
(25 Aug 2015)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2017 | Amount | Series B - Simility | Valuation | Accel | |
| May, 2016 | Amount | Seed - Simility | Valuation |
investors |
|
| Oct, 2015 | Amount | Seed - Simility | Valuation |
investors |
|
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. 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 |
|---|---|---|---|---|
|
Accel is recognized as a leading venture capital firm.
|
Founded Year | Domain | Location | |
|
Early-stage US tech startups are funded by The Valley Fund.
|
Founded Year | Domain | Location | |
|
Venture capital firm investing in early-stage technology and real estate companies.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Simility
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Simility
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Simility Comparisons
Competitors of Simility
Simility 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 Signifyd, Entrust, ThreatMetrix, Riskified and Socure, 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 |
Provider of fraud prevention and payment validation for online retailers
|
|
| domain | founded_year | HQ Location |
Provider of digital identity management solutions
|
|
| domain | founded_year | HQ Location |
Fraud prevention and context based authentication solution
|
|
| domain | founded_year | HQ Location |
AI-based fraud prevention for e-commerce payments is provided.
|
|
| domain | founded_year | HQ Location |
AI-based identity verification and fraud detection are provided.
|
|
| domain | founded_year | HQ Location |
Identity decisioning platform is provided for banks and fintech firms.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Simility
Frequently Asked Questions about Simility
When was Simility founded?
Simility was founded in 2014 and raised its 1st funding round 1 year after it was founded.
Where is Simility located?
Simility is headquartered in Palo Alto, United States. It is registered at Palo Alto, California, United States.
Is Simility a funded company?
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 $2.25M, raised on Aug 25, 2015.
How many employees does Simility have?
As of Mar 22, 2024, the latest employee count at Simility is 38.
What is the annual revenue of Simility?
Annual revenue of Simility is $1.17M as on Mar 31, 2018.
What does Simility do?
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.
Who are the top competitors of Simility?
What products or services does Simility offer?
Simility offers Simility Analytics Platform and Fraud Protection Services.
Who are Simility's investors?
Simility has 4 investors. Key investors include PayPal, Accel, The Valley Fund, and Trinity Ventures.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.