About Verian Technologies
Verian Technologies is a company based in Charlotte (United States) founded in 1997 was acquired by Basware in March 2016.. Verian Technologies has raised $13 million across 1 funding round from investors including Basware, TCV and Allegra Partners. The company has 84 employees as of December 31, 2016. Verian Technologies operates in a competitive market with competitors including Razorpay, Bill.com, Konfío, AvidXchange and Zaggle, among others.
- Headquarter Charlotte, United States
- Employees 84 as on 31 Dec, 2016
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Sectors
Technology
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Phone
*********
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Website
*********
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Social
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- Legal Name Verian Technologies, Llc
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Software Development Team
36 people
Product Management Team
31 people
Leadership Team
23 people
Human Resources and Administration
21 people
Senior Team
21 people
Sales and Marketing
18 people
Customer Team
14 people
Operations Team
11 people
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Funding Insights of Verian Technologies
Verian Technologies has successfully raised a total of $13M through 1 strategic funding round. The most recent funding activity was a Series B round of $13 million completed in May 2000. 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 B — $13.0M
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First Round
First Round
(15 May 2000)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2000 | Amount | Series B - Verian Technologies | Valuation | TCV |
| 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 Verian Technologies
Verian Technologies has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include Basware, TCV and Allegra 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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Venture capital is invested in global technology companies by TCV.
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location | |
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Cloud and AI-based purchase-to-pay solutions are provided to businesses.
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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 Verian Technologies
| 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 - Verian Technologies
| 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 |
Verian Technologies Comparisons
Competitors of Verian Technologies
Verian Technologies 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 Razorpay, Bill.com, Konfío, AvidXchange and Zaggle, 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 |
Payment and business banking solutions are provided for enterprises.
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| domain | founded_year | HQ Location |
Cloud-based accounts payable and receivable software for businesses
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| domain | founded_year | HQ Location |
Financial solutions platform provider
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| domain | founded_year | HQ Location |
Accounts payable and payment automation solutions are offered for businesses.
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| domain | founded_year | HQ Location |
Business spends, payments, and rewards are streamlined by automated workflows.
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| domain | founded_year | HQ Location |
Cloud-based purchase approval management software is provided for businesses.
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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 Verian Technologies
Frequently Asked Questions about Verian Technologies
When was Verian Technologies founded?
Verian Technologies was founded in 1997 and raised its 1st funding round 3 years after it was founded.
Where is Verian Technologies located?
Verian Technologies is headquartered in Charlotte, United States. It is registered at Charlotte, North Carolina, United States.
Is Verian Technologies a funded company?
Verian Technologies is a funded company, having raised a total of $13M across 1 funding round to date. The company's 1st funding round was a Series B of $13M, raised on May 15, 2000.
How many employees does Verian Technologies have?
As of Dec 31, 2016, the latest employee count at Verian Technologies is 84.
What does Verian Technologies do?
Verian Technologies offers purchasing and invoice processing software. It offers Purchase Manager, which automates requisition, approval, purchasing, receipts, and reporting of various spending. Invoice Manager, a Web interface that stores, codes, matches, and routes invoices digitally. Expense Manager that automates expense report process provides real-time spending intelligence, and Asset Manager that provides a platform to keep all the assets properly maintained shows the location and warranty status of the assets. Also offers an Inventory and Materials Manager that provides visibility into inventory. Spend Intelligence that gives a detailed view of spending of organizations; and Vendor Connectivity that allows requisitioners to connect directly to vendor catalogs.
Who are the top competitors of Verian Technologies?
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