About Socrata
Socrata is a company based in Plano (United States) founded in 2007 was acquired by Tyler Tech in April 2018.. Socrata has raised $54.87 million across 5 funding rounds from investors including Tyler Technologies, Delta-v Capital and Sapphire Ventures. The company has 7,271 employees as of December 31, 2022. Socrata operates in a competitive market with competitors including YouGov, EBSCO Information Services, Golden, OpenDataSoft and Statista, among others.
- Headquarter Plano, United States
- Employees 7271 as on 31 Dec, 2022
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Sectors
Government & Social SectorTechnology
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Tyler Technologies, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$54.87 M (USD)
in 5 rounds
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Latest Funding Round
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Investors
Tyler Technologies
& 6 more
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Employee Count
7271
as on Dec 31, 2022
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Acquired by
Tyler Tech
(Apr 18, 2018)
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Funding Insights of Socrata
Socrata has successfully raised a total of $54.87M across 5 strategic funding rounds. 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 5
- Last Round Last Round
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First Round
First Round
(20 Feb 2008)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2017 | Amount | Series C - Socrata | Valuation |
investors |
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| Nov, 2014 | Amount | Series C - Socrata | Valuation | Sapphire Ventures | |
| Sep, 2013 | Amount | Series B - Socrata | 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 Socrata
Socrata has secured backing from 7 investors, including venture fund investors. Prominent investors backing the company include Tyler Technologies, Delta-v Capital and Sapphire 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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Growth-equity investments are targeted by the private firm Delta-v Capital.
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Founded Year | Domain | Location | |
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Venture capital firm partnering with enterprise software companies and early-stage funds.
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Founded Year | Domain | Location | |
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US expansion-stage companies are invested in by OpenView.
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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 Socrata
| 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 - Socrata
| 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 |
Socrata Comparisons
Competitors of Socrata
Socrata 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 YouGov, EBSCO Information Services, Golden, OpenDataSoft and Statista, 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 |
Research platforms and data services for financial institutions are provided.
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| domain | founded_year | HQ Location |
End-to-end content and resource services are provided to institutions worldwide.
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| domain | founded_year | HQ Location |
Golden is focused on transforming raw data into business opportunities.
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| domain | founded_year | HQ Location |
Cloud-based platform for civic engagement and data management is provided.
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| domain | founded_year | HQ Location |
Statistical data on diverse topics is aggregated from multiple sources.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 Socrata
Frequently Asked Questions about Socrata
When was Socrata founded?
Socrata was founded in 2007 and raised its 1st funding round 1 year after it was founded.
Where is Socrata located?
Socrata is headquartered in Plano, United States. It is registered at Plano, Texas, United States.
Is Socrata a funded company?
Socrata is a funded company, having raised a total of $54.87M across 5 funding rounds to date.
How many employees does Socrata have?
As of Dec 31, 2022, the latest employee count at Socrata is 7,271.
What does Socrata do?
Socrata was founded in 2007 as a Seattle-based cloud software provider, with current operations in Plano, United States. Focus is placed on platforms that enable government data democratization. The Socrata API Foundry is utilized to facilitate API creation for digital strategies, optimization of access patterns, security and privacy controls, and metadata management. Elastic cloud infrastructure is maintained to address varying workloads in the public sector.
Who are the top competitors of Socrata?
Socrata's top competitors include YouGov, Golden and EBSCO Information Services.
Who are Socrata's investors?
Socrata has 7 investors. Key investors include Tyler Technologies, Delta-v Capital, Sapphire Ventures, OpenView, and Morgenthaler.
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