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
- SectorsTechnology
- Website substrate.run
- Social LinkedIn X
- Legal Name Substrate Labs Inc.
- Total Equity Funding$8M (USD)
in 1 rounds
- Latest Funding Round$8M (USD), Seed
Jun 2024
- InvestorsLightspeed Venture Partners
& 5 more
Products & Services of Substrate
Substrate offers a comprehensive portfolio of products and services, including Zo Computer and Substrate Compute Engine.
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 $8M
- Total Rounds 1
- Last Round Seed — $8M
- First Round $8M
(Jun 2024)
- Investors Count 6
All 1 funding rounds of Substrate with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun 2024 | $8M | Seed | – | Lightspeed Venture Partners |
6 investors in total: 3 institutional and 3 angel.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital investing in innovative companies across global sectors is undertaken by Lightspeed Venture Partners. | 1997 | lsvp.com | Menlo Park, United States | |
Sector-agnostic incubation and venture capital are provided across multiple sectors. | – | southparkcommons.com | San Francisco, United States | |
Venture capital fund focused on SaaS and consumer sectors | – | craftventures.com | San Francisco, United States | |
GR Guillermo Rauch | Founder of Vercel, creator of Next.js, active angel investor in tech startups. | – | unknown_f91e26a66b3546e19 | - |
IA Immad Akhund | - | – | unknown_f365fe8ce85e42178 | - |
WG Will Gaybrick | - | – | unknown_5e16e186d01e4519b | - |
Investor details for Substrate
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Substrate
2 people are tracked at Substrate (2 in leadership).
| Name | Role | Group |
|---|---|---|
Rob Cheung | Co-Founder & CEO | Leadership |
Ben Guo | Co-Founder | Leadership |
Complete people profiles for Substrate
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of Substrate
2 dated milestones of Substrate across 1 years, from founding to its latest funding, stage changes and deals.
- Founded Substrate is founded.
- Funding First funding round of $8.0M.
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.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| savantlabs.io | 2021 | San Carlos, United States | $29.55M | – | Automation platform for business analytics is delivered via agentic AI. | |
| ifttt.com | 2010 | San Francisco, United States | $62.5M | 27 | Conditional workflows are utilized for integrating applications and devices. | |
| raftt.io | 2021 | Tel Aviv, Israel | $5M | – | Workflow automation platform is provided for developer environments and collaboration. | |
| deepopinion.ai | 2018 | Innsbruck, Austria | $14.56M | – | An agentic automation platform is provided for enterprise operations. | |
| redactive.ai | 2023 | Melbourne, Australia | $7.5M | – | Generative AI applications are developed for secure business data integration. | |
| luminai.com | 2019 | San Mateo, United States | $24.06M | 9 | Artificial intelligence based platform offering internal workflow automation solutions | |
| n8n.io | 2019 | Berlin, Germany | $253.1M | 22 | Cloud and AI-based workflow automation is facilitated through visual tools. | |
| boost.space | 2017 | Prague, Czech Republic | $3.49M | – | Cloud-based project management and CRM tools are provided by Boost.space. | |
| abstra.io | 2020 | – | $3.12M | – | AI-powered Python automation is provided for finance operations. |
Detailed competitors of Substrate
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Substrate
The website of Substrate (substrate.run) receives about 3.9K visits a month.
- Monthly visits3.9K
▼ 33.5% vs previous month
Similar companies to Substrate
10 companies that operate in the same segment as Substrate (Agentic AI Applications), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
AI-based voice transcription for meetings is provided via cloud software. | 2016 | Los Altos, California, United States | USD 70 M | – | – | |
An agentic AI platform is developed for biomedical research insights. | 2016 | Paris, France | USD 354.1 M | – | – | |
AI-powered customer engagement and omnichannel marketing platform is provided. | 1998 | Mumbai, Maharashtra, India | USD 5.46 M | USD 99.73 M | 865 | |
AI and web-based visibility solutions for supply chains are developed. | 2014 | Chicago, Illinois, United States | USD 243.3 M | USD 14.8 M | 302 | |
AI powered application development platform | 2016 | Foster City, California, United States | USD 921.9 M | – | – | |
Safety-focused generative AI for healthcare applications is developed. | 2022 | Palo Alto, California, United States | USD 402 M | – | 61 | |
AI platform streamlines IT service management and employee experiences. | 2022 | San Francisco, California, United States | USD 40.31 M | – | – | |
Provider of an end-to-end AI agent builder platform | 2012 | San Francisco, California, United States | USD 368.56 M | – | – | |
AI powered coding assistant for developers | 2017 | Tel Aviv, Israel | USD 101.5 M | – | – | |
Chat APIs and SDKs are provided for app messaging integration. | 2013 | San Mateo, California, United States | USD 218.13 M | – | – |
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Frequently Asked Questions about Substrate
Substrate was founded in 2023 and raised its 1st funding round 1 year after it was founded.
Substrate is headquartered in New York, United States. It is registered at New York, New York, United States.
Rob Cheung is the current CEO of Substrate. They have also founded this 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 2024.
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.
Substrate's top competitors include Savant Labs, N8n and IFTTT.
Substrate offers Zo Computer and Substrate Compute Engine.
Substrate has 6 investors. Key investors include Lightspeed Venture Partners, South Park Commons, Craft Ventures, Guillermo Rauch, and Immad Akhund.
Substrate operates through Substrate Labs Inc..