About Solum
Solum is a company based in Ames (United States) founded in 2009 was acquired by The Climate in February 2014.. Solum has raised $40.54 million across 4 funding rounds from investors including The Climate, Khosla Ventures and Andreessen Horowitz. Solum operates in a competitive market with competitors including Trace Genomics, Krishitantra, FungiAlert, ChrysaLabs and Stenon, among others.
- Headquarter Ames, United States
-
Sectors
Agriculture
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Solum, Inc.
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Total Equity Funding
$40.54 M (USD)
in 4 rounds
-
Latest Funding Round
$17 M (USD), Series B
Dec 12, 2012
-
Investors
The Climate
& 4 more
-
Employee Count
Employee Count
-
Acquired by
The Climate
(Feb 20, 2014)
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
Funding Insights of Solum
Solum has successfully raised a total of $40.54M across 4 strategic funding rounds. The most recent funding activity was a Series B round of $17 million completed in December 2012. 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 — $17.0M
-
First Round
First Round
(01 Feb 2010)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2012 | Amount | Series B - Solum | Valuation |
investors |
|
| Jul, 2012 | Amount | Series A - Solum | Valuation |
investors |
|
| Sep, 2011 | Amount | Series A - Solum | 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 Solum
Solum has secured backing from 5 investors, including venture fund investors. Prominent investors backing the company include The Climate, Khosla Ventures and Andreessen Horowitz. 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 |
|---|---|---|---|---|
|
Early-stage startups are funded by this venture capital firm.
|
Founded Year | Domain | Location | |
|
Venture capital investments in technology sectors are handled by Andreessen Horowitz.
|
Founded Year | Domain | Location | |
|
Corporate backed venture capital fund investing in multiple sectors
|
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 Solum
| 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 - Solum
| 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 |
Solum Comparisons
Competitors of Solum
Solum 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 Trace Genomics, Krishitantra, FungiAlert, ChrysaLabs and Stenon, 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 |
Developer of technologies to diagnose soil health and soil-borne disease prediction
|
|
| domain | founded_year | HQ Location |
Platform developing tools for soil testing
|
|
| domain | founded_year | HQ Location |
Provider of precision soil testing services and soil health management solutions for farmers
|
|
| domain | founded_year | HQ Location |
Real-time soil nutrient data is delivered via portable AI probes.
|
|
| domain | founded_year | HQ Location |
Sensor-based soil analysis devices for nutrients and temperature are provided.
|
|
| domain | founded_year | HQ Location |
Soil remediation technology is provided for environmental management challenges.
|
| 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 Solum
Frequently Asked Questions about Solum
When was Solum founded?
Solum was founded in 2009 and raised its 1st funding round 1 year after it was founded.
Where is Solum located?
Solum is headquartered in Ames, United States. It is registered at Ames, Iowa, United States.
Is Solum a funded company?
Solum is a funded company, having raised a total of $40.54M across 4 funding rounds to date. The company's 1st funding round was a Series A of $4.5M, raised on Feb 01, 2010.
What does Solum do?
Solum was founded in 2009 in Ames, United States, within the agriculture technology sector. Software, analysis services, and innovative soil measurements were created to support efficient farm management, enhanced crop yields, and optimized input usage for growers and advisors. The soil analysis operations were acquired by The Climate Corporation in February 2014, while the software business was rebranded as Granular Inc.
Who are the top competitors of Solum?
Solum's top competitors include Trace Genomics, FungiAlert and ChrysaLabs.
Who are Solum's investors?
Solum has 5 investors. Key investors include The Climate, Khosla Ventures, Andreessen Horowitz, Google Ventures, and Felicis Ventures.