About Substrate
Substrate is a company based in New York (United States) founded in 2023 by Rob Cheung and Ben Guo. It operates as a AI-as-a-Service. Substrate has raised $8 million across 1 funding round from investors including Lightspeed Venture Partners, South Park Commons and Craft Ventures. Substrate offers products and services including Zo Computer and Substrate Compute Engine. Substrate operates in a competitive market with competitors including Savant Labs, IFTTT, Raftt, DeepOpinion and Redactive, among others.
- Headquarter New York, United States
- Founders Rob Cheung, Ben Guo
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Sectors
Technology
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Phone
*********
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Website
*********
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Social
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- Legal Name Substrate Labs 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
$8 M (USD)
in 1 rounds
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Latest Funding Round
$8 M (USD), Seed
Jun 20, 2024
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Investors
Lightspeed Venture Partners
& 5 more
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Employee Count
Employee Count
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Products & Services of Substrate
Substrate offers a comprehensive portfolio of products and services, including Zo Computer and Substrate Compute Engine. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Zo Computer is developed as an AI computing platform.
Substrate Compute Engine is optimized for multi-step AI workloads.
Funding Insights of Substrate
Substrate has successfully raised a total of $8M through 1 strategic funding round. The most recent funding activity was a Seed round of $8 million completed in June 2024. 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 Seed — $8.0M
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First Round
First Round
(20 Jun 2024)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jun, 2024 | Amount | Seed - Substrate | Valuation | Lightspeed Venture Partners |
| 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 Substrate
Substrate has secured backing from 6 investors, including venture fund and angel investors. Prominent investors backing the company include Lightspeed Venture Partners, South Park Commons and Craft 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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Venture capital investing in innovative companies across global sectors is undertaken by Lightspeed Venture Partners.
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Founded Year | Domain | Location | |
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Sector-agnostic incubation and venture capital are provided across multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital fund focused on SaaS and consumer sectors
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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 Substrate
| 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 - Substrate
| 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 |
Substrate Comparisons
Competitors of Substrate
Substrate 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 Savant Labs, IFTTT, Raftt, DeepOpinion and Redactive, 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 |
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| domain | founded_year | HQ Location |
Automation platform for business analytics is delivered via agentic AI.
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| domain | founded_year | HQ Location |
Conditional workflows are utilized for integrating applications and devices.
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| domain | founded_year | HQ Location |
Workflow automation platform is provided for developer environments and collaboration.
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| domain | founded_year | HQ Location |
An agentic automation platform is provided for enterprise operations.
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| domain | founded_year | HQ Location |
Generative AI applications are developed for secure business data 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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Frequently Asked Questions about Substrate
When was Substrate founded?
Substrate was founded in 2023 and raised its 1st funding round 1 year after it was founded.
Where is Substrate located?
Substrate is headquartered in New York, United States. It is registered at New York, New York, United States.
Who is the current CEO of Substrate?
Rob Cheung is the current CEO of Substrate. They have also founded this company.
Is Substrate a funded company?
Substrate is a funded company, having raised a total of $8M across 1 funding round to date. The company's 1st funding round was a Seed of $8M, raised on Jun 20, 2024.
What does Substrate do?
Substrate is recognized as a leading platform for agentic AI, providing infrastructure for intelligent software. High-performance components such as optimized models, vector databases, code interpreters, and model routers are offered. The platform is designed to handle multi-step AI workloads with a compute engine that ensures maximum parallelism and fewer roundtrips. Simple abstractions are provided to build compound AI systems by connecting modular nodes, enabling developers to create complex workflows efficiently. The technology sector, particularly AI infrastructure, is primarily served by Substrate.
Who are the top competitors of Substrate?
Substrate's top competitors include Savant Labs, N8n and IFTTT.
What products or services does Substrate offer?
Substrate offers Zo Computer and Substrate Compute Engine.
Who are Substrate's investors?
Substrate has 6 investors. Key investors include Lightspeed Venture Partners, South Park Commons, Craft Ventures, Guillermo Rauch, and Immad Akhund.
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