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
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Sectors
Financial Services
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Email
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Phone
*********
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Website
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Social
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- Legal Name Utilant Llc
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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.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Series A — $7.5M
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First Round
First Round
(04 Jan 2019)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jan, 2019 | Amount | Series A - Utilant | Valuation | Aquiline Capital 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 Utilant
Utilant has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Majesco and Aquiline Capital 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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Private equity and debt investments are directed toward financial sectors.
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Founded Year | Domain | Location | |
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Provider of cloud-based insurance policy management and data analytics solutions for the insurance industry
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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 Utilant
| 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 |
Financial Statements - Utilant
| 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 |
Utilant Comparisons
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. 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 |
Provider of AI-based vehicle inspection solutions for insurers and the automotive industry
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| domain | founded_year | HQ Location |
AI-powered damage assessment solutions for insurance claims are provided.
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| domain | founded_year | HQ Location |
AI-based solutions for insurance claims adjustment are provided.
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| domain | founded_year | HQ Location |
Insurance claims are investigated using AI and live video assessments.
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| domain | founded_year | HQ Location |
Vehicle and property photo inspections via smart phone apps for claims handling
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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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Frequently Asked Questions about Utilant
When was Utilant founded?
Utilant was founded in 2005 and raised its 1st funding round 14 years after it was founded.
Where is Utilant located?
Utilant is headquartered in Buffalo, United States. It is registered at Buffalo, New York, United States.
Who is the current CEO of Utilant?
Patrick Davis is the current CEO of Utilant.
Is Utilant a funded company?
Utilant is a funded company, having raised a total of $7.5M across 1 funding round to date. The company's 1st funding round was a Series A of $7.5M, raised on Jan 04, 2019.
How many employees does Utilant have?
As of Dec 31, 2020, the latest employee count at Utilant is 99.
What does Utilant do?
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.
Who are the top competitors of Utilant?
Who are Utilant's investors?
Utilant has 2 investors. Key investors include Majesco, and Aquiline Capital Partners.
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