About Yac
Yac is a company based in Kissimmee (United States) founded in 2018. It operates as a SaaS (Software-as-a-Service). Yac has raised $10.8 million across 4 funding rounds from investors including Slack, GGV Capital and Active Capital. The company has 2 employees as of December 31, 2024. Yac offers products and services including Yac Voice Messaging and Backtrack AI. Yac operates in a competitive market with competitors including Mask Network, Critical Path, JANDI, ChatWork and ArmorText, among others.
- Headquarter Kissimmee, United States
- Employees 2 as on 31 Dec, 2024
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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 Yac Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$10.8 M (USD)
in 4 rounds
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Latest Funding Round
$7.5 M (USD), Series A
Jan 25, 2021
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Investors
Slack
& 4 more
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Employee Count
2
as on Dec 31, 2024
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Products & Services of Yac
Yac offers a comprehensive portfolio of products and services, including Yac Voice Messaging and Backtrack AI. 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.
Voice messages are provided to replace traditional meetings.
AI notetaker is developed for trade show exhibitors.
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Funding Insights of Yac
Yac has successfully raised a total of $10.8M across 4 strategic funding rounds. The most recent funding activity was a Series A round of $7.5 million completed in January 2021. 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 4
- Last Round Series A — $7.5M
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First Round
First Round
(01 Apr 2019)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2021 | Amount | Series A - Yac | Valuation | GGV Capital | |
| Jan, 2020 | Amount | Seed - Yac | Valuation | Active Capital |
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| Dec, 2019 | Amount | Seed - Yac | 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 Yac
Yac has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include Slack, GGV Capital and Active 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.
| Investor | Description | 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 | |
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Investing in Deep Tech and emerging technologies for 12 years.
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Founded Year | Domain | Location | |
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Investing in creators, organizing AI events, and building community in New York.
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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 Yac
| 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 - Yac
| 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 |
Yac Comparisons
Competitors of Yac
Yac 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 Mask Network, Critical Path, JANDI, ChatWork and ArmorText, 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 encrypted messaging applications
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| domain | founded_year | HQ Location |
Spam-blocking, virus protection, and secure messaging services are provided.
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| domain | founded_year | HQ Location |
Enterprise team collaboration is facilitated via cloud-based messaging platform.
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| domain | founded_year | HQ Location |
Cloud based task management platform for file sharing
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| domain | founded_year | HQ Location |
Secure enterprise messaging with end-to-end encryption is offered across platforms.
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| domain | founded_year | HQ Location |
A decentralized messaging app is provided for enterprise teams.
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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 Yac
Frequently Asked Questions about Yac
When was Yac founded?
Yac was founded in 2018 and raised its 1st funding round 1 year after it was founded.
Where is Yac located?
Yac is headquartered in Kissimmee, United States. It is registered at Kissimmee, Florida, United States.
Is Yac a funded company?
Yac is a funded company, having raised a total of $10.8M across 4 funding rounds to date. The company's 1st funding round was a Seed of $1.52M, raised on Apr 01, 2019.
How many employees does Yac have?
As of Dec 31, 2024, the latest employee count at Yac is 2.
What does Yac do?
Asynchronous communication tools are provided by Yac to reduce the need for traditional meetings. Solutions are focused on voice messaging for remote teams, enabling efficient collaboration without synchronous calls. Additionally, AI-driven tools like Backtrack are developed for specific sectors such as trade show exhibitors, offering workflow automation and notetaking capabilities. The technology sector is primarily served with an emphasis on enhancing remote work productivity.
Who are the top competitors of Yac?
Yac's top competitors include Mask Network, Flock and SignalWire.
What products or services does Yac offer?
Yac offers Yac Voice Messaging and Backtrack AI.
Who are Yac's investors?
Yac has 5 investors. Key investors include Slack, GGV Capital, Active Capital, Boost VC, and Betaworks.