About SoarTech
SoarTech is a company based in Ann Arbor (United States) founded in 1998 was acquired by Forward Slope in August 2023.. The company has 123 employees as of December 31, 2020. SoarTech offers products and services including STATS™, AI Platform™, AssistMATE™, Scenario Director®, and EpEx®. SoarTech operates in a competitive market with competitors including TurbineOne, Vannevar Labs, Reveal Tech, Rebellion Defense and 4M Analytics, among others.
- Headquarter Ann Arbor, United States
- Employees 123 as on 31 Dec, 2020
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Sectors
Aerospace, Defense & Maritime
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Soar Technology, Llc
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
$750 K (USD), Grant
May 11, 2020
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Investors
NASA
& 3 more
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Employee Count
123
as on Dec 31, 2020
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Acquired by
Forward Slope
(Aug 24, 2023)
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Products & Services of SoarTech
SoarTech offers a comprehensive portfolio of products and services, including STATS™, AI Platform™, AssistMATE™, Scenario Director®, and EpEx®. 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 tool for statistics and data analysis in defense.
Platform for building human-centered AI solutions effectively.
AI for task assistance in military and research contexts.
Tool for directing training scenarios in defense applications.
Software for expertise in AI-enabled problem solving.
AI for teaming autonomy in complex operations.
Platform for human-AI collaboration in missions.
AI for enhancing trust in human-machine interactions.
Tool for speech processing in AI applications.
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Funding Insights of SoarTech
- Total Funding Total Funding
- Total Rounds 3
- Last Round Grant — $750,000
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First Round
First Round
(12 Aug 2010)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2020 | Amount | Grant - SoarTech | Valuation |
investors |
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| Aug, 2016 | Amount | Grant - SoarTech | Valuation |
investors |
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| Aug, 2010 | Amount | Grant - SoarTech | Valuation |
investors |
| 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 |
Investors in SoarTech
SoarTech has secured backing from 4 investors, including institutional investors. Prominent investors backing the company include NASA, U.S. Department of Education and Forward Slope. 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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Government space exploration and research services are provided.
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Founded Year | Domain | Location | |
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Administers health care and support for military personnel and operations.
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Founded Year | Domain | Location | |
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Education promotion is managed by the federal agency ED.
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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 SoarTech
| 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 - SoarTech
| 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 |
Soartech Comparisons
Competitors of SoarTech
SoarTech 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 TurbineOne, Vannevar Labs, Reveal Tech, Rebellion Defense and 4M Analytics, 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-based surveillance and reconnaissance for military use are provided.
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| domain | founded_year | HQ Location |
AI-based security products for defense are developed.
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| domain | founded_year | HQ Location |
Provider of intelligent systems for the military
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| domain | founded_year | HQ Location |
AI and ML-based intelligence systems are provided for defense.
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| domain | founded_year | HQ Location |
AI-based security intelligence solutions for mine action are provided.
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| domain | founded_year | HQ Location |
Open-source defence and security intelligence data and analysis are provided.
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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 Soartech
Frequently Asked Questions about SoarTech
When was SoarTech founded?
SoarTech was founded in 1998 and raised its 1st funding round 12 years after it was founded.
Where is SoarTech located?
SoarTech is headquartered in Ann Arbor, United States. It is registered at Ann Arbor, Michigan, United States.
Who is the current CEO of SoarTech?
Michael Van Lent is the current CEO of SoarTech.
How many employees does SoarTech have?
As of Dec 31, 2020, the latest employee count at SoarTech is 123.
What does SoarTech do?
SoarTech was founded in 1998 in Ann Arbor, United States, as a developer of intelligent systems within the defense sector. Human behaviors are analyzed to build software that emulates cognitive processes, enabling continuous learning and adaptation to evolving scenarios. Game-based training platforms are offered for tactical and social skills development. Warfighter behavior models are created to simulate operations across land, sea, air, and cyber domains, supporting realistic training environments.
Who are the top competitors of SoarTech?
SoarTech's top competitors include Vannevar Labs, TurbineOne and Rebellion Defense.
What products or services does SoarTech offer?
SoarTech offers STATS™, AI Platform™, AssistMATE™, Scenario Director®, and 5 more products and services.
Who are SoarTech's investors?
SoarTech has 4 investors. Key investors include NASA, U.S. Department of Education, Forward Slope, and Military Health.
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