About Solvvy
Solvvy is a company based in Palo Alto (United States) founded in 2013 was acquired by Zoom in May 2022.. Solvvy has raised $16.5 million across 2 funding rounds from investors including Zoom, Carnegie Mellon University and Pear VC. Solvvy operates in a competitive market with competitors including Infobip, Hyro, Avaamo, Passage AI and Cognigy, among others.
- Headquarter Palo Alto, United States
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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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Software Development Team
16 people
Leadership Team
12 people
Unknown Team
7 people
PXBP Team
7 people
Sales and Marketing
6 people
Head Team
6 people
Product Management Team
5 people
Human Resources and Administration
5 people
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Funding Insights of Solvvy
Solvvy has successfully raised a total of $16.5M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $12 million completed in October 2017. 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 A — $12.0M
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First Round
First Round
(12 Dec 2016)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2017 | Amount | Series A - Solvvy | Valuation | Scale Venture Partners | |
| Dec, 2016 | Amount | Seed - Solvvy | Valuation | True Ventures |
| 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 |
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Investors in Solvvy
Solvvy has secured backing from 6 investors, including venture fund and institutional investors. Prominent investors backing the company include Zoom, Carnegie Mellon University and Pear VC. 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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Early-stage venture capital investments are focused on US companies.
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Founded Year | Domain | Location | |
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Seed & early stage VC firm investing the US
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Founded Year | Domain | Location | |
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Early-stage investments in US tech and life sciences are targeted.
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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 Solvvy
| 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 - Solvvy
| 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 |
Solvvy Comparisons
Competitors of Solvvy
Solvvy 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 Infobip, Hyro, Avaamo, Passage AI and Cognigy, 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 messaging and communication solutions are provided for enterprises.
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| domain | founded_year | HQ Location |
An AI-based conversational platform is provided for healthcare task automation.
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| domain | founded_year | HQ Location |
Conversational AI platform for enterprises is provided by Avaamo.
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| domain | founded_year | HQ Location |
A no-code platform for enterprise chatbot development is offered.
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| domain | founded_year | HQ Location |
Cognigy is recognized for developing conversational AI solutions for customer service.
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| domain | founded_year | HQ Location |
Cloud-based voice APIs are offered for application integration.
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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 Solvvy
Frequently Asked Questions about Solvvy
When was Solvvy founded?
Solvvy was founded in 2013 and raised its 1st funding round 3 years after it was founded.
Where is Solvvy located?
Solvvy is headquartered in Palo Alto, United States. It is registered at Palo Alto, California, United States.
Is Solvvy a funded company?
Solvvy is a funded company, having raised a total of $16.5M across 2 funding rounds to date. The company's 1st funding round was a Seed of $4.5M, raised on Dec 12, 2016.
What does Solvvy do?
Founded in 2013 and based in Palo Alto, United States, Solvvy operates in the web data intelligence sector. A cloud-based platform is utilized to process unstructured and structured data from enterprise sources like tickets, files, emails, and manuals, as well as web content including sites, repositories, and videos. Machine learning and natural language processing are applied to generate answers for customer self-service and analytics insights.
Who are Solvvy's investors?
Solvvy has 6 investors. Key investors include Zoom, Carnegie Mellon University, Pear VC, Scale Venture Partners, and Signatures Capital.
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