About Skan Technologies
Skan Technologies is a company based in Menlo Park (United States) founded in 2018 by Manish Garg and Avinash Misra.. Skan Technologies has raised $54 million across 2 funding rounds from investors including Dell Technologies Capital, GSR Ventures and Liberty Global Ventures. The company has 63 employees as of April 02, 2024. Skan Technologies offers products and services including Process Intelligence Platform, Automation Explorer, and Productivity Optimization. Skan Technologies operates in a competitive market with competitors including Freshworks, WalkMe, Celonis, Thryv and Bonitasoft, among others.
- Headquarter Menlo Park, United States
- Employees 63 as on 02 Apr, 2024
- Founders Manish Garg, Avinash Misra
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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 Skanai Labs Private Limited
- Date of Incorporation 30 Nov, 2018
- Jurisdiction Bangalore South, Karnataka, India
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Annual Revenue
$1.66 M (USD)37.43as on Mar 31, 2022
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Net Profit
$178.83 K (USD)41.56as on Mar 31, 2022
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EBITDA
$428.37 K (USD)32.65as on Mar 31, 2022
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Total Equity Funding
$54 M (USD)
in 2 rounds
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Latest Funding Round
$40 M (USD), Series B
Mar 31, 2022
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Investors
Dell Technologies Capital
& 8 more
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Employee Count
63
as on Apr 02, 2024
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Products & Services of Skan Technologies
Skan Technologies offers a comprehensive portfolio of products and services, including Process Intelligence Platform, Automation Explorer, and Productivity Optimization. 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 observing and optimizing business processes in real-time
Tool for identifying and validating automation opportunities in operations
Service to analyze and improve workforce productivity and efficiency
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Funding Insights of Skan Technologies
Skan Technologies has successfully raised a total of $54M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $40 million completed in March 2022. 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 B — $40.0M
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First Round
First Round
(27 Oct 2020)
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2022 | Amount | Series B - Skan Technologies | Valuation | Dell Technologies Capital | |
| Oct, 2020 | Amount | Series A - Skan Technologies | Valuation | Cathay Innovation |
| 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 Skan Technologies
Skan Technologies has secured backing from 9 investors, including venture fund and institutional investors. Prominent investors backing the company include Dell Technologies Capital, GSR Ventures and Liberty Global 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 fund investing in multiple sectors
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Founded Year | Domain | Location | |
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Early-stage tech startups are invested in by GSR Ventures.
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Founded Year | Domain | Location | |
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Venture capital investments are made in technology startups through a global ecosystem.
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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 Skan Technologies
| 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 - Skan Technologies
| 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 |
Skan Technologies Comparisons
Competitors of Skan Technologies
Skan Technologies 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 Freshworks, WalkMe, Celonis, Thryv and Bonitasoft, 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 |
Cloud-based business process management suite solutions are delivered.
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| domain | founded_year | HQ Location |
Digital adoption platform is provided for software optimization.
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| domain | founded_year | HQ Location |
Cloud-based process mining and execution management software is offered.
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| domain | founded_year | HQ Location |
SaaS-driven solutions for fitness business management are offered.
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| domain | founded_year | HQ Location |
Open-source business process management software is provided for enterprises.
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| domain | founded_year | HQ Location |
Business process management solutions
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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 Skan Technologies
Frequently Asked Questions about Skan Technologies
When was Skan Technologies founded?
Skan Technologies was founded in 2018 and raised its 1st funding round 2 years after it was founded.
Where is Skan Technologies located?
Skan Technologies is headquartered in Menlo Park, United States. It is registered at Menlo Park, California, United States.
Who is the current CEO of Skan Technologies?
Avinash Misra is the current CEO of Skan Technologies. They have also founded this company.
Is Skan Technologies a funded company?
Skan Technologies is a funded company, having raised a total of $54M across 2 funding rounds to date. The company's 1st funding round was a Series A of $14M, raised on Oct 27, 2020.
How many employees does Skan Technologies have?
As of Apr 02, 2024, the latest employee count at Skan Technologies is 63.
What is the annual revenue of Skan Technologies?
Annual revenue of Skan Technologies is $1.66M as on Mar 31, 2022.
What does Skan Technologies do?
Skan is an AI-based process mining and process discovery platform for business processes. It understands and implements process re-engineering based on a data-backed approach and continuously monitors business processes for drift. The process mining solutions include features such as virtual process analysis, process monitoring, predictive and prescriptive analytics, dynamic process optimization, and more.
Who are the top competitors of Skan Technologies?
Skan Technologies's top competitors include Freshworks, WalkMe and Thryv.
What products or services does Skan Technologies offer?
Skan Technologies offers Process Intelligence Platform, Automation Explorer, and Productivity Optimization.
Who are Skan Technologies's investors?
Skan Technologies has 9 investors. Key investors include Dell Technologies Capital, GSR Ventures, Liberty Global Ventures, Cathay Innovation, and Zetta Venture Partners.