About Turbonomic
Turbonomic is a company based in Boston (United States) founded in 2009 by Shai Benjamin was acquired by IBM in April 2021.. Turbonomic has raised $117.55 million across 7 funding rounds from investors including IBM, Red Hat and General Atlantic. The company has 25 employees as of December 31, 2022. Turbonomic has completed 2 acquisitions, including ParkMyCloud and SevOne. Turbonomic offers products and services including Turbonomic ARM, Resource Visualization Tool, and Automated Optimization Engine. Turbonomic operates in a competitive market with competitors including Stonebranch, Stanza, Solecular, SiteFORGE and Chirpers, among others.
- Headquarter Boston, United States
- Employees 25 as on 31 Dec, 2022
- Founders Shai Benjamin
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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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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$117.55 M (USD)
in 7 rounds
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Latest Funding Round
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Investors
IBM
& 8 more
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Employee Count
25
as on Dec 31, 2022
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Investments & Acquisitions
ParkMyCloud
& 1 more
- Acquired by
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Products & Services of Turbonomic
Turbonomic offers a comprehensive portfolio of products and services, including Turbonomic ARM, Resource Visualization Tool, and Automated Optimization 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.
Optimizes resource allocation to enhance performance and minimize costs.
Provides full-stack visibility for informed IT resourcing decisions.
Analyzes environments to prevent bottlenecks and improve utilization.
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Software Development Team
229 people
Leadership Team
109 people
Sales and Marketing
67 people
Product Management Team
46 people
Senior Team
25 people
Data Analysis and Operations Team
25 people
Associate Team
18 people
Finance and Accounting
18 people
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Funding Insights of Turbonomic
Turbonomic has successfully raised a total of $117.55M across 7 strategic funding rounds. 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 7
- Last Round Last Round
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First Round
First Round
(12 Mar 2009)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2019 | Amount | Series E - Turbonomic | Valuation | Trend Forward Capital Management | |
| Jan, 2017 | Amount | Series E - Turbonomic | Valuation | General Atlantic | |
| May, 2015 | Amount | Series D - Turbonomic | Valuation | Red Hat |
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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 Turbonomic
Turbonomic has secured backing from 9 investors, including venture fund and institutional investors. Prominent investors backing the company include IBM, Red Hat and General Atlantic. 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 firm backed by Trend Micro
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Founded Year | Domain | Location | |
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Venture capital fund focused on investing in multiple sectors
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Founded Year | Domain | Location | |
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Private equity fund focused on global markets
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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 Turbonomic
Turbonomic has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include ParkMyCloud and SevOne. 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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Cloud compute instances are automatically parked when idle.
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2015 | ||||
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Network performance is monitored and managed via real-time solutions.
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2005 |
| 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 - Turbonomic
| 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 |
Turbonomic Comparisons
Competitors of Turbonomic
Turbonomic 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 Stonebranch, Stanza, Solecular, SiteFORGE and Chirpers, 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 |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Complex IT processes are automated and managed enterprise-wide.
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| domain | founded_year | HQ Location |
Workload automation solutions are provided via a collaborative engineering platform.
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| domain | founded_year | HQ Location |
Provides an AI-based solution for orchestrating and optimizing workloads.
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| domain | founded_year | HQ Location |
Automation intelligence software for efficient workflow orchestration.
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| domain | founded_year | HQ Location |
Provides IoT-based solutions for robotics automation.
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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 Turbonomic
Frequently Asked Questions about Turbonomic
When was Turbonomic founded?
Turbonomic was founded in 2009.
Where is Turbonomic located?
Turbonomic is headquartered in Boston, United States. It is registered at Boston, Massachusetts, United States.
Is Turbonomic a funded company?
Turbonomic is a funded company, having raised a total of $117.55M across 7 funding rounds to date.
How many employees does Turbonomic have?
As of Dec 31, 2022, the latest employee count at Turbonomic is 25.
What does Turbonomic do?
Turbonomic was founded in 2009 in Boston, United States, and focuses on the software industry for infrastructure optimization. Workload management solutions are delivered for cloud and virtualized environments, where an economic scheduling engine is employed to adjust resource allocation in line with business objectives. Applications are supplied with required resources, while infrastructure and personnel are used efficiently. Clients span health organizations, enterprises, and universities, including PNC, Expedia, Cisco, and EY.
Who are the top competitors of Turbonomic?
Turbonomic's top competitors include Stonebranch, Stanza and Solecular.
What products or services does Turbonomic offer?
Turbonomic offers Turbonomic ARM, Resource Visualization Tool, and Automated Optimization Engine.
How many acquisitions has Turbonomic made?
Turbonomic has made 2 acquisitions, including ParkMyCloud, and SevOne.
Who are Turbonomic's investors?
Turbonomic has 9 investors. Key investors include IBM, Red Hat, General Atlantic, Cisco Investments, and Trend Forward Capital Management.
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