About Spell
Spell is a company based in New York (United States) founded in 2017 was acquired by Reddit in June 2022.. Spell has raised $15 million across 1 funding round from investors including Reddit, Eclipse and Two Sigma Ventures. Spell operates in a competitive market with competitors including Veritone, Anyscale, Comet, Abacus.AI and DataRobot, among others.
- Headquarter New York, 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
1 people
BD Team
1 people
Sales and Marketing
1 people
Product Management Team
1 people
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Funding Insights of Spell
Spell has successfully raised a total of $15M through 1 strategic funding round. The most recent funding activity was a Series A round of $15 million completed in January 2019. 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 1
- Last Round Series A — $15.0M
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First Round
First Round
(03 Jan 2019)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2019 | Amount | Series A - Spell | Valuation | Eclipse , Two Sigma Ventures |
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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 Spell
Spell has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include Reddit, Eclipse and Two Sigma 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 |
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Early-stage investments are made by Eclipse across multiple sectors.
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Founded Year | Domain | Location | |
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Early-stage investments in tech sectors are managed by the firm.
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Content is shared and discussed across user-driven communities.
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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 Spell
| 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 - Spell
| 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 |
Spell Comparisons
Competitors of Spell
Spell 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 Veritone, Anyscale, Comet, Abacus.AI and DataRobot, 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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Provider of an AI-based open source framework for building distributed applications
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AI and SaaS-based ML solutions
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Provides AI based data models creation for data science
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Provider of an AI and cloud based data science platform
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Predictive analytics platform for enterprise data
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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 Spell
Frequently Asked Questions about Spell
When was Spell founded?
Spell was founded in 2017 and raised its 1st funding round 2 years after it was founded.
Where is Spell located?
Spell is headquartered in New York, United States. It is registered at New York, New York, United States.
Is Spell a funded company?
Spell is a funded company, having raised a total of $15M across 1 funding round to date. The company's 1st funding round was a Series A of $15M, raised on Jan 03, 2019.
What does Spell do?
Spell was founded in 2017 in New York, United States, as a provider of an MLOps platform focused on machine learning and deep learning. The platform supports the building and management of artificial intelligence models, data exploration via Jupyter notebooks, GPU-based model training, API creation, and workflow automation. Operations serve clients including Square, AlphaSense, Weights Biases, Originate, and Leia within the technology sector.
Who are the top competitors of Spell?
Who are Spell's investors?
Spell has 3 investors. Key investors include Reddit, Eclipse, and Two Sigma Ventures.
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