About Velvet
Velvet is a company based in Durham (United States) founded in 2023 by Chris Hendel and Emma Lawler was acquired by Arize in March 2025. It operates as a AI-as-a-Service. Velvet offers products and services including Developer Gateway. Velvet operates in a competitive market with competitors including Indico Data, Bluecopa, Detected, GrowthLoop and Hyperbots, among others.
- Headquarter Durham, United States
- Founders Chris Hendel, Emma Lawler
-
Sectors
TechnologyFinancial Services
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
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
Products & Services of Velvet
Velvet offers a comprehensive portfolio of products and services, including Developer Gateway. 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.
A gateway for analyzing AI-powered features is provided.
Funding Insights of Velvet
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Velvet
Velvet has secured backing from 1 investor. Prominent investors backing the company include Arize AI. 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 |
|---|---|---|---|---|
|
AI and SaaS-based ML model observability platform is provided.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Velvet
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Velvet
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Velvet Comparisons
Competitors of Velvet
Velvet 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 Indico Data, Bluecopa, Detected, GrowthLoop and Hyperbots, 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 |
Data processing tasks are automated via AI-driven management solutions.
|
|
| domain | founded_year | HQ Location |
AI-powered analytics solutions are offered for finance processes.
|
|
| domain | founded_year | HQ Location |
AI based platform offering customer onboarding solutions for businesses
|
|
| domain | founded_year | HQ Location |
Customer data platform for businesses
|
|
| domain | founded_year | HQ Location |
AI-powered co-pilots for finance and accounting processes are provided.
|
|
| domain | founded_year | HQ Location |
Digital identity, eKYC, authentication, and risk assessment solutions are provided.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Frequently Asked Questions about Velvet
When was Velvet founded?
Velvet was founded in 2023.
Where is Velvet located?
Velvet is headquartered in Durham, United States. It is registered at Durham, North Carolina, United States.
What does Velvet do?
Velvet, now part of Arize, is focused on providing developer gateways for analyzing, evaluating, and monitoring AI-powered features. Its integration with Arize, an enterprise platform for AI evaluation and observability, is aimed at accelerating the adoption of unified AI solutions. The combined expertise is utilized to enhance AI application development and performance optimization across various sectors.
Who are the top competitors of Velvet?
Velvet's top competitors include Indico Data, GrowthLoop and Bluecopa.
What products or services does Velvet offer?
Velvet offers Developer Gateway.
Who are Velvet's investors?
Velvet has 1 investor. Key investors include Arize AI.