About Solace
Solace is a company based in Ottawa (Canada) founded in 2001 by Craig Betts was acquired by Bridge Growth Partners in April 2016.. Solace operates in a competitive market with competitors including DataStax, Confluent, Imply, Striim and Incorta, among others.
- Headquarter Ottawa, Canada
- Founders Craig Betts
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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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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
$7.56 M (USD), Grant
Jul 24, 2023
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Investors
National Research Council Canada
& 7 more
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Employee Count
Employee Count
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Acquired by
Bridge Growth Partners
(Apr 06, 2016)
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Software Development Team
107 people
Sales and Marketing
33 people
Leadership Team
31 people
Product Management Team
12 people
Senior Team
10 people
Human Resources and Administration
5 people
Finance and Accounting
4 people
Principal Team
3 people
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Funding Insights of Solace
- Total Funding Total Funding
- Total Rounds 7
- Last Round Grant — $7.6M
- First Round First Round
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2023 | Amount | Grant - Solace | Valuation |
investors |
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| Jul, 2020 | Amount | Debt – Conventional - Solace | Valuation |
investors |
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| Nov, 2010 | Amount | Series C - Solace | Valuation | Tandem Expansion Fund |
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| 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 Solace
Solace has secured backing from 8 investors, including institutional and venture fund investors. Prominent investors backing the company include National Research Council Canada, Ontario Teachers' Pension Plan and Canadian Space Agency. 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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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 Solace
| 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 - Solace
| 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 |
Solace Comparisons
Competitors of Solace
Solace 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 DataStax, Confluent, Imply, Striim and Incorta, 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.
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| domain | founded_year | HQ Location |
Cloud based database platform for enterprises
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Cloud based data streaming analytics and governance platform
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| domain | founded_year | HQ Location |
An open source platform for exploratory analytics is provided.
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| domain | founded_year | HQ Location |
Streaming data integration and operational intelligence are facilitated through pipelines.
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| domain | founded_year | HQ Location |
AI-based business intelligence platform is provided for real-time data analytics.
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| domain | founded_year | HQ Location |
Data streams are managed via flow design and performance monitoring.
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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 Solace
Frequently Asked Questions about Solace
When was Solace founded?
Solace was founded in 2001 and raised its 1st funding round 4 years after it was founded.
Where is Solace located?
Solace is headquartered in Ottawa, Canada. It is registered at Ottawa, Ontario, Canada.
Who is the current CEO of Solace?
Denis King is the current CEO of Solace.
What does Solace do?
Solace was founded in 2001 and is headquartered in Ottawa, Canada. A data movement platform is offered by the company to route information between applications, supporting strategies in big data, cloud, and IoT sectors. Messaging functionality through PubSub is enabled in clouds, containers, and IaaSPaaS environments. Products include Solace PubSub software, Solace PubSub appliance, and Solace Cloud, with operations focused on improving decision-making processes.
Who are the top competitors of Solace?
Who are Solace's investors?
Solace has 8 investors. Key investors include National Research Council Canada, Ontario Teachers' Pension Plan, Canadian Space Agency, Tandem Expansion Fund, and FedDev Ontario.