Watchfire

Waltham, United States Founded: 1996 • Age: 30 yrs Acquired By IBM
Web application vulnerability assessment and compliance solutions are provided.
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About Watchfire

Watchfire is a company based in Waltham (United States) founded in 1996 was acquired by IBM in June 2007.. Watchfire has raised $25 million across 2 funding rounds from investors including IBM, Goldman Sachs and Golub Capital. Watchfire has completed 1 acquisition, including SUNEO138. Watchfire offers products and services including Outdoor LED Signs, Scoreboards and Sports Displays, OOH Digital Billboards, and Indoor LED Video Displays. Watchfire operates in a competitive market with competitors including Checkmarx, Veracode, Snyk, ArmorCode and Adaptive Shield, among others.

  • Headquarter Waltham, United States
  • Sectors
    Technology
  • Phone
    *********
  • Website
    *********
  • Social
    *********
Operational Areas
Technology → Cybersecurity & Privacy Solutions
Key Metrics
  • Annual Revenue
  • Net Profit
  • EBITDA
  • Total Equity Funding
    $25 M (USD)

    in 2 rounds

  • Latest Funding Round
  • Investors
    IBM

    & 4 more

  • Employee Count
    Employee Count
  • Investments & Acquisitions
  • Acquired by
    IBM

    & 1 more

    (Jun 06, 2007)

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Products & Services of Watchfire

Watchfire offers a comprehensive portfolio of products and services, including Outdoor LED Signs, Scoreboards and Sports Displays, OOH Digital Billboards, and Indoor LED Video Displays. 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.

Primary

Electronic signs for locations to display messages and promotions

Displays for showing scores and entertainment at sports events

Large-format displays for out-of-home advertising and visibility

Video walls for enhancing indoor spaces with visual content

Funding Insights of Watchfire

Watchfire has successfully raised a total of $25M across 2 strategic funding rounds. 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 Rounds 2
  • Last Round
  • First Round

    (08 Jan 2001)

  • Investors Count 4
Date Amount Transaction Name Valuation Lead Investors Investors
Jun, 2011 Amount Debt – Conventional - Watchfire Valuation

investors

Jan, 2001 Amount Series B - Watchfire Valuation

investors

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 Watchfire

Watchfire has secured backing from 5 investors, including institutional and venture fund investors. Prominent investors backing the company include IBM, Goldman Sachs and Golub Capital. 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.

All
Venture Fund
Institutional
Investor Description Founded Year Domain Location
Investment banking services are delivered across multiple financial sectors.
Founded Year Domain Location
US focused venture capital firm
Founded Year Domain Location
Seed and early stage venture fund investing in North America and Canada
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 Watchfire

Watchfire has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include SUNEO138. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.

Investments
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
Acquisitions
Company Name Description Domain Location Founded Year Amount
Web application vulnerability scanners are provided for e-commerce security.
1997
Company Name Description Domain Location Founded Year Amount
OVO is recognized as a smart digital payment application.
2017
Bionic investment advisor platform
2016
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
2014
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
2014

Financial Statements - Watchfire

Tata Steel revenue growth over time
Tata Steel profit and loss trends over time
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

Watchfire Comparisons

Employees
+
Add Comparison
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Competitors of Watchfire

Watchfire 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 Checkmarx, Veracode, Snyk, ArmorCode and Adaptive Shield, 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
Security testing software is provided for code vulnerability detection.
domain founded_year HQ Location
AI-powered testing software for securing applications is offered.
domain founded_year HQ Location
Application security is delivered via a cloud-based developer platform.
domain founded_year HQ Location
AI powered application security solutions
domain founded_year HQ Location
Cloud-based cyber risk and vulnerability assessments are delivered.
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.

Latest news on Watchfire

Frequently Asked Questions about Watchfire

When was Watchfire founded?

Watchfire was founded in 1996 and raised its 1st funding round 5 years after it was founded.

Where is Watchfire located?

Watchfire is headquartered in Waltham, United States. It is registered at Waltham, Massachusetts, United States.

Is Watchfire a funded company?

Watchfire is a funded company, having raised a total of $25M across 2 funding rounds to date. The company's 1st funding round was a Series B of $25M, raised on Jan 08, 2001.

What does Watchfire do?

Watchfire was founded in 1996 in Waltham, United States, as an enterprise security company focused on the software sector. Web application security, vulnerability assessment, content quality, and compliance solutions were developed and offered. After acquisition by IBM in 2007, these products were integrated into IBMs Rational software quality management tools, supporting governance, risk management, and security within the software development lifecycle.

Who are the top competitors of Watchfire?

Watchfire's top competitors include Checkmarx, Snyk and Veracode.

What products or services does Watchfire offer?

Watchfire offers Outdoor LED Signs, Scoreboards and Sports Displays, OOH Digital Billboards, and Indoor LED Video Displays.

How many acquisitions has Watchfire made?

Watchfire has made 1 acquisition, including SUNEO138.

Who are Watchfire's investors?

Watchfire has 5 investors. Key investors include IBM, Goldman Sachs, Golub Capital, Polaris Partners, and Kodiak Venture Partners.

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