About Soraa
Soraa is a company based in Fremont (United States) founded in 2008 was acquired by EcoSense Lighting in March 2020.. Soraa has raised $93.6 million across 11 funding rounds from investors including Khosla Ventures, EcoSense Lighting and Trinity Cap. The company has 229 employees as of December 31, 2022. Soraa operates in a competitive market with competitors including Acuity Brands, AwoX, EcoSense Lighting, Sielo and Solais Lighting, among others.
- Headquarter Fremont, United States
- Employees 229 as on 31 Dec, 2022
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Sectors
Energy & Utilities
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Soraa, 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
$93.6 M (USD)
in 11 rounds
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Latest Funding Round
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Investors
Khosla Ventures
& 4 more
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Employee Count
229
as on Dec 31, 2022
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Acquired by
EcoSense Lighting
(Mar 23, 2020)
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Funding Insights of Soraa
Soraa has successfully raised a total of $93.6M across 11 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 11
- Last Round Last Round
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First Round
First Round
(12 Feb 2008)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2013 | Amount | Grant - Soraa | Valuation |
investors |
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| Jan, 2013 | Amount | Debt – Venture - Soraa | Valuation |
investors |
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| Sep, 2011 | Amount | Grant - Soraa | 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 Soraa
Soraa has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include Khosla Ventures, EcoSense Lighting and Trinity Cap. 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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High-risk energy technologies are funded through competitive grants.
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Founded Year | Domain | Location | |
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Venture debt and equipment financing are provided to growth-stage companies.
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Founded Year | Domain | Location | |
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Early-stage startups are funded by this venture capital firm.
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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 Soraa
| 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 - Soraa
| 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 |
Soraa Comparisons
Competitors of Soraa
Soraa 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 Acuity Brands, AwoX, EcoSense Lighting, Sielo and Solais Lighting, 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 |
Smart LED lighting products with app controls are provided.
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| domain | founded_year | HQ Location |
Wifi-enabled smart home appliances are provided by AwoX.
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| domain | founded_year | HQ Location |
Solid-state lighting and dimming products are provided for energy efficiency.
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| domain | founded_year | HQ Location |
IoT-based building control systems are provided by Sielo.
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| domain | founded_year | HQ Location |
Manufacturer of smart LED lighting products
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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 Soraa
Frequently Asked Questions about Soraa
When was Soraa founded?
Soraa was founded in 2008.
Where is Soraa located?
Soraa is headquartered in Fremont, United States. It is registered at Fremont, California, United States.
Is Soraa a funded company?
Soraa is a funded company, having raised a total of $93.6M across 11 funding rounds to date. The company's 1st funding round was a Grant of $809.58K, raised on Feb 12, 2008.
How many employees does Soraa have?
As of Dec 31, 2022, the latest employee count at Soraa is 229.
What does Soraa do?
Soraa was founded in 2008 and is based in Fremont, United States. Operations focus on the smart lighting sector, where GaN LED lamps are manufactured with enhanced color rendering and beam properties relative to LEDs on non-native substrates. SNAP systems and transformers are also supplied to support lighting applications. The domain soraa.com is utilized for online presence.
Who are the top competitors of Soraa?
Soraa's top competitors include Acuity Brands, AwoX and EcoSense Lighting.
Who are Soraa's investors?
Soraa has 5 investors. Key investors include Khosla Ventures, EcoSense Lighting, Trinity Cap, ARPA-E, and OSTI.GOV.