About Tungsten Network
Tungsten Network is a company based in London (United Kingdom) founded in 2000 was acquired by Kofax in June 2022.. Tungsten Network has completed 2 acquisitions, including DocuSphere and OB10. Tungsten Network offers products and services including Tungsten e-Invoice Network, InvoiceAgility, Web Form Solution, and Integrated Solution. Tungsten Network operates in a competitive market with competitors including Qonto, Melio, Lili, Settle and Routable, among others.
- Headquarter London, United Kingdom
- Stage Public
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Sectors
TechnologyFinancial Services
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Phone
*********
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Website
*********
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Social
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- Legal Name Tungsten Automation Corporation
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
- Investors
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Employee Count
Employee Count
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Investments & Acquisitions
DocuSphere
& 1 more
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Acquired by
Kofax
(Jun 20, 2022)
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Products & Services of Tungsten Network
Tungsten Network offers a comprehensive portfolio of products and services, including Tungsten e-Invoice Network, InvoiceAgility, Web Form Solution, and Integrated Solution. 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.
Facilitates secure electronic invoice exchange for global trade compliance.
Captures and processes invoices in any format with speed and accuracy.
Enables quick online invoice creation and guaranteed delivery.
Extracts and delivers invoice data directly to finance systems.
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Funding Insights of Tungsten Network
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 Tungsten Network
Tungsten Network has secured backing from 1 investor. Prominent investors backing the company include Tungsten Automation. 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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AI-powered workflow automation solutions are provided by Tungsten Automation.
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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 Tungsten Network
Tungsten Network has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include DocuSphere and OB10. 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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B2B eInvoicing, invoice financing and analytics firm.
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2000 | ||||
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Consulting and IT services are provided to various clients.
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1993 |
| 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 - Tungsten Network
| 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 |
Tungsten Network Comparisons
Competitors of Tungsten Network
Tungsten Network 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 Qonto, Melio, Lili, Settle and Routable, 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 |
Subscription-based online banking is offered to SMEs and freelancers.
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Blood-based pathogen detection devices are manufactured for healthcare applications.
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Digital banking services are offered to freelancers.
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Cloud-based cash flow management is provided for payers and vendors.
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| domain | founded_year | HQ Location |
Online invoicing and payment software is provided for businesses.
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| domain | founded_year | HQ Location |
AI and cloud-enabled source-to-pay automation solutions are provided for businesses.
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| Company Name | Domain | Founded year | HQ Location | Description |
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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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 Tungsten Network
Frequently Asked Questions about Tungsten Network
When was Tungsten Network founded?
Tungsten Network was founded in 2000.
Where is Tungsten Network located?
Tungsten Network is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
What does Tungsten Network do?
Tungsten Network was founded in 2000 and is headquartered in London, United Kingdom. Operations focus on the financial software sector, where solutions for invoice automation, digitization, electronic invoicing, order management, accounts receivable management, and workflow management are provided. Compliance management tools are also included to support business processes across various industries.
Who are the top competitors of Tungsten Network?
What products or services does Tungsten Network offer?
Tungsten Network offers Tungsten e-Invoice Network, InvoiceAgility, Web Form Solution, and Integrated Solution.
How many acquisitions has Tungsten Network made?
Tungsten Network has made 2 acquisitions, including DocuSphere, and OB10.
Who are Tungsten Network's investors?
Tungsten Network has 1 investor. Key investors include Tungsten Automation.
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