About ViryaNet
ViryaNet is a company based in Minneapolis (United States) founded in 1988 was acquired by Verisae in June 2014.. ViryaNet has raised $2.3 million across 2 funding rounds from investors including Verisae. ViryaNet offers products and services including IoT Remote Monitoring, CMMS, Energy Management, and Engineering Document Management. ViryaNet operates in a competitive market with competitors including WorkJam, Reflexis Systems, Fleet Complete, SIMPRO and Skedulo, among others.
- Headquarter Minneapolis, United States
- Stage Public
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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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Products & Services of ViryaNet
ViryaNet offers a comprehensive portfolio of products and services, including IoT Remote Monitoring, CMMS, Energy Management, and Engineering Document Management. 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.
Enables remote equipment monitoring for efficiency and issue prediction.
Centralizes asset maintenance and automates work orders.
Optimizes power consumption and supports sustainable decisions.
Facilitates document sharing and collaboration for engineers.
Funding Insights of ViryaNet
ViryaNet has successfully raised a total of $2.3M across 2 strategic funding rounds. The most recent funding activity was a Private Equity Round round of $1.3 million completed in March 2005. 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 2
- Last Round Private Equity Round — $1.3M
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First Round
First Round
(05 Aug 2003)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2005 | Amount | Private Equity Round - ViryaNet | Valuation |
investors |
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| Aug, 2003 | Amount | Private Equity Round - ViryaNet | Valuation |
investors |
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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 ViryaNet
ViryaNet has secured backing from 1 investor. Prominent investors backing the company include Verisae. 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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SaaS-based maintenance and energy management solutions are offered worldwide.
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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 ViryaNet
| 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 - ViryaNet
| 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 |
Viryanet Comparisons
Competitors of ViryaNet
ViryaNet 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 WorkJam, Reflexis Systems, Fleet Complete, SIMPRO and Skedulo, 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 |
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| domain | founded_year | HQ Location |
Hourly workforce schedules and communications are managed via software.
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| domain | founded_year | HQ Location |
AI-based workforce management software is offered for diverse industries.
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| domain | founded_year | HQ Location |
Fleet, asset, and mobile workforce management solutions are provided.
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| domain | founded_year | HQ Location |
Cloud-based field service management software is offered by SIMPRO.
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| domain | founded_year | HQ Location |
Field workforce scheduling and mobile tracking software is offered.
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| domain | founded_year | HQ Location |
Collaboration software solutions are provided for industrial workers.
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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 ViryaNet
When was ViryaNet founded?
ViryaNet was founded in 1988 and raised its 1st funding round 15 years after it was founded.
Where is ViryaNet located?
ViryaNet is headquartered in Minneapolis, United States. It is registered at Minneapolis, Minnesota, United States.
Is ViryaNet a funded company?
ViryaNet is a funded company, having raised a total of $2.3M across 2 funding rounds to date. The company's 1st funding round was a Private Equity Round of $1M, raised on Aug 05, 2003.
What does ViryaNet do?
ViryaNet was founded in 1988 in Minneapolis, United States, focusing on software for mobile workforce management. Solutions enable planning, execution, and monitoring of short-term events and long-term trends. Features include scheduling, dispatching, optimization, and performance management for parts and services. The company was acquired by Verisae in 2014, operating within the enterprise software sector.
Who are the top competitors of ViryaNet?
What products or services does ViryaNet offer?
ViryaNet offers IoT Remote Monitoring, CMMS, Energy Management, and Engineering Document Management.
Who are ViryaNet's investors?
ViryaNet has 1 investor. Key investors include Verisae.
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