About Utilant
Utilant is a company based in Buffalo (United States) founded in 2005 was acquired by Majesco in May 2021. Utilant has raised $7.5 million across 1 funding round from investors including Majesco and Aquiline Capital Partners. The company has 99 employees as of December 31, 2020. Utilant operates in a competitive market with competitors including Tractable, NGrain, MotionsCloud, DropIn and OnSource, among others.
- Headquarter Buffalo, United States
- Employees 99 as on 31 Dec, 2020
-
Sectors
Financial Services
-
Email
Locked
-
Phone
Locked
-
Website
Locked
-
Social
Locked
- Legal Name Utilant Llc
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Funding Insights of Utilant
Utilant has successfully raised a total of $7.5M through 1 strategic funding round. The most recent funding activity was a Series A round of $7.5 million completed in January 2019. 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.
Investors in Utilant
Utilant has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Majesco and Aquiline Capital Partners.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Private equity and debt investments are directed toward financial sectors.
|
Locked | Locked | Locked | |
|
Provider of cloud-based insurance policy management and data analytics solutions for the insurance industry
|
Locked | Locked | Locked |
Investor details for Utilant
Investor domains, locations, round participation, and complete history require an active premium plan.
- Investor domains
- Investor locations
- Funding rounds
- Participation history
Verified entity values are shown only after access is granted.
Investments & Acquisitions by Utilant
Investment portfolio details for Utilant
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
- Portfolio identities
- Transaction dates
- Round details
- Investment values
Verified entity values are shown only after access is granted.
Financial Statements - Utilant
Detailed financials for Utilant
Historical revenue, profit, statement rows, ratios, and trend charts require an active premium plan.
- Historical revenue
- Profit trends
- Statement rows
- Financial ratios
Verified entity values are shown only after access is granted.
Utilant Comparisons
Peer comparison for Utilant
Named peer metrics, headcount, funding, location, and side-by-side benchmarks require an active premium plan.
- Named peers
- Headcount comparison
- Funding comparison
- Operating benchmarks
Verified entity values are shown only after access is granted.
Competitors of Utilant
Utilant 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 Tractable, NGrain, MotionsCloud, DropIn and OnSource, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| Locked | Locked | Locked |
Provider of AI-based vehicle inspection solutions for insurers and the automotive industry
|
|
| Locked | Locked | Locked |
AI-powered damage assessment solutions for insurance claims are provided.
|
|
| Locked | Locked | Locked |
AI-based solutions for insurance claims adjustment are provided.
|
|
| Locked | Locked | Locked |
Insurance claims are investigated using AI and live video assessments.
|
|
| Locked | Locked | Locked |
Vehicle and property photo inspections via smart phone apps for claims handling
|
Detailed competitors of Utilant
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
- Domains and locations
- Full company profiles
- Operating metrics
- Competitive positioning
Verified entity values are shown only after access is granted.
Latest news on Utilant
Complete news archive for Utilant
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Utilant
Utilant was founded in 2005 and raised its 1st funding round 14 years after it was founded.
Utilant is headquartered in Buffalo, United States. It is registered at Buffalo, New York, United States.
Patrick Davis is the current CEO of Utilant.
Utilant is a funded company, having raised a total of $7.5M across 1 funding round to date.
As of Dec 31, 2020, the latest employee count at Utilant is 99.
Utilant was founded in 2005 in Buffalo, United States, as a provider of software solutions in the insurance technology sector. Inspection management tools are offered to property and casualty insurers, with a focus on underwriting and risk assessment processes. The product lineup includes Loss Control 360 for risk management tasks and RapidSketch for generating floor plan diagrams. Operations serve clients including Aviva, Chubb, GNY, and FCCI.
Utilant has 2 investors. Key investors include Majesco, and Aquiline Capital Partners.