About Spec
Spec is a company based in San Jose (United States) founded in 2020 by Nate Kharrl and Patrick Chen.. Spec has raised $29.25 million across 4 funding rounds from investors including Legion Capital, SignalFire and Rally Ventures. The company has 16 employees as of December 31, 2021. Spec operates in a competitive market with competitors including ComplyAdvantage, Riskified, Entrust, Megvii and Signifyd, among others.
- Headquarter San Jose, United States
- Employees 16 as on 31 Dec, 2021
- Founders Nate Kharrl, Patrick Chen
-
Sectors
TechnologyIndustrial Goods & Manufacturing Financial Services
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Spectrust, Inc
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Total Equity Funding
$29.25 M (USD)
in 4 rounds
-
Latest Funding Round
$15 M (USD), Series A
Oct 18, 2023
-
Investors
Legion Capital
& 4 more
-
Employee Count
16
as on Dec 31, 2021
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 Spec
Spec has successfully raised a total of $29.25M across 4 strategic funding rounds. The most recent funding activity was a Series A round of $15 million completed in October 2023. 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 A — $15.0M
-
First Round
First Round
(07 Apr 2021)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2023 | Amount | Series A - Spec | Valuation | SignalFire | |
| Jan, 2023 | Amount | Series A - Spec | Valuation |
investors |
|
| Aug, 2022 | Amount | Series A - Spec | 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 Spec
Spec has secured backing from 5 investors, including venture fund investors. Prominent investors backing the company include Legion Capital, SignalFire and Rally 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 |
|---|---|---|---|---|
|
Seed and early-stage startups are funded by SignalFire.
|
Founded Year | Domain | Location | |
|
Legion Capital is engaged in specialized lending and private equity.
|
Founded Year | Domain | Location | |
|
Early-stage VC firm investing in the US
|
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 Spec
| 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 - Spec
| 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 |
Spec Comparisons
Competitors of Spec
Spec 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 ComplyAdvantage, Riskified, Entrust, Megvii and Signifyd, 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 anti-money laundering solutions are provided for compliance.
|
|
| domain | founded_year | HQ Location |
AI-based fraud prevention for e-commerce payments is provided.
|
|
| domain | founded_year | HQ Location |
Provider of digital identity management solutions
|
|
| domain | founded_year | HQ Location |
Facial recognition and AI video analysis solutions are provided.
|
|
| domain | founded_year | HQ Location |
Provider of fraud prevention and payment validation for online retailers
|
|
| domain | founded_year | HQ Location |
Cloud-based fraud prevention solutions are provided for businesses.
|
| 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 Spec
Frequently Asked Questions about Spec
When was Spec founded?
Spec was founded in 2020 and raised its 1st funding round 1 year after it was founded.
Where is Spec located?
Spec is headquartered in San Jose, United States. It is registered at San Jose, California, United States.
Who is the current CEO of Spec?
Nate Kharrl is the current CEO of Spec. They have also founded this company.
Is Spec a funded company?
Spec is a funded company, having raised a total of $29.25M across 4 funding rounds to date. The company's 1st funding round was a Series A of $4.5M, raised on Apr 07, 2021.
How many employees does Spec have?
As of Dec 31, 2021, the latest employee count at Spec is 16.
What does Spec do?
Platform offering financial fraud solutions. It automatically collects and unifies users trust, fraud, and payment data into a single source of truth. Without writing a single line of code, teams instantly respond to insights, automate workflows, and integrate solutions that effortlessly ensure the delivery of powerful online experiences that are frictionless and secure.
Who are the top competitors of Spec?
Spec's top competitors include ComplyAdvantage, Riskified and Megvii.
Who are Spec's investors?
Spec has 5 investors. Key investors include Legion Capital, SignalFire, Rally Ventures, Cyber Mentor Fund, and Dreamit.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.