About Telerik
Telerik is a company based in Bedford (United States) founded in 2002 was acquired by Progress in October 2014. It operates as a SaaS (Software-as-a-Service), and Subscription Services. Telerik has raised $5.98 million across 3 funding rounds from investors including Progress and Summit Partners. The company has 1 employees as of March 28, 2024. Telerik has completed 1 acquisition, including NimblePros. Telerik offers products and services including DevCraft, Kendo UI, Telerik Reporting, and Test Studio. Telerik operates in a competitive market with competitors including Box, Flutter, Candu, Vaadin and Uizard, among others.
- Headquarter Bedford, United States
- Employees 1 as on 28 Mar, 2024
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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
*********
- Legal Name Progress Software Corporation
- Date of Incorporation 21 Dec, 2020
- Jurisdiction Delhi, Delhi, India
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Annual Revenue
$787.73 K (USD)864.79as on Mar 31, 2022
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Net Profit
$80.25 K (USD)1647.11as on Mar 31, 2022
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EBITDA
$112.2 K (USD)1130.95as on Mar 31, 2022
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Total Equity Funding
$5.98 M (USD)
in 3 rounds
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Latest Funding Round
$5.98 M (USD), Series A
Apr 11, 2014
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Investors
Progress
& 1 more
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Employee Count
1
as on Mar 28, 2024
- Investments & Acquisitions
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Acquired by
Progress
(Oct 22, 2014)
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Products & Services of Telerik
Telerik offers a comprehensive portfolio of products and services, including DevCraft, Kendo UI, Telerik Reporting, and Test Studio. 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.
Comprehensive bundle of .NET and JavaScript UI tools.
UI components for JavaScript frameworks like Angular.
Embedded reporting tool for web and desktop.
Automated UI testing for web and desktop.
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Funding Insights of Telerik
Telerik has successfully raised a total of $5.98M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $5.98 million completed in April 2014. 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 3
- Last Round Series A — $6.0M
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2014 | Amount | Debt – Conventional - Telerik | Valuation |
investors |
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| Apr, 2014 | Amount | Series A - Telerik | Valuation |
investors |
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| Sep, 2008 | Amount | Series A - Telerik | Valuation | Summit Partners |
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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 Telerik
Telerik has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Progress and Summit Partners. 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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Summit Partners is recognized as a growth equity investment firm.
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Founded Year | Domain | Location | |
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IDE-based software is provided for application development and management.
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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 Telerik
Telerik has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include NimblePros. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Provider of software development and training services
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2008 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Telerik
| 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 |
Telerik Comparisons
Competitors of Telerik
Telerik 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 Box, Flutter, Candu, Vaadin and Uizard, 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 |
AI-based platform for secure collaboration and content management is utilized.
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| domain | founded_year | HQ Location |
Flutter is recognized as an open-source framework for multi-platform app development.
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| domain | founded_year | HQ Location |
AI-based platform for in-product courses and user training is offered.
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| domain | founded_year | HQ Location |
Open-source framework for web application development is offered.
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| domain | founded_year | HQ Location |
Designs are transformed into code via cloud-based neural networks.
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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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Latest news on Telerik
Frequently Asked Questions about Telerik
When was Telerik founded?
Telerik was founded in 2002 and raised its 1st funding round 6 years after it was founded.
Where is Telerik located?
Telerik is headquartered in Bedford, United States.
Is Telerik a funded company?
Telerik is a funded company, having raised a total of $5.98M across 3 funding rounds to date.
How many employees does Telerik have?
As of Mar 28, 2024, the latest employee count at Telerik is 1.
What is the annual revenue of Telerik?
Annual revenue of Telerik is $787.73K as on Mar 31, 2022.
What does Telerik do?
Telerik, part of Progress Software Corporation, is known for offering a wide range of UI components and development tools through brands like Telerik and Kendo UI. Solutions are provided for web, mobile, and desktop applications across .NET and JavaScript frameworks. The companys portfolio, including DevCraft, encompasses embedded reporting, automated testing, and productivity tools. Services are extended to various sectors, ensuring modern, feature-rich user experiences. AI coding assistants and continuous innovation are integrated to support developers in delivering efficient solutions.
What products or services does Telerik offer?
Telerik offers DevCraft, Kendo UI, Telerik Reporting, and Test Studio.
How many acquisitions has Telerik made?
Telerik has made 1 acquisition, including NimblePros.
Who are Telerik's investors?
Telerik has 2 investors. Key investors include Progress, and Summit Partners.
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