# 40GRID

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/40grid

- Industry: Software
- Headquarters: Portland, US
- Website: www.40grid.com
- Latest round: Seed (Feb 23, 2021)
- Investors on record: 1

## About

40GRID, Inc. is a Portland-based company focused on developing innovative products to enhance operational efficiency and scalability for businesses across various sectors, particularly in data management and automation.Founded in 2017 by Bilal A and David Blauer, 40GRID, Inc. operates from Portland, US. The firm has engaged in 1 deal, with the most recent deal occurring on February 23, 2021.40GRID is in the process of developing innovative products that aim to address specific needs within their target market. The company's core offerings focus on enhancing operational efficiency and providing scalable solutions for businesses. The end-use cases include sectors that benefit from advanced data management, analytics, and automation, streamlining processes for organizations of various sizes. The primary customer base includes B2B clients, such as enterprises seeking digital transformation, and potentially direct consumers looking for user-friendly interfaces. Geographically, 40GRID aims to penetrate markets across North America and Europe, targeting industries that require modern technological solutions to remain competitive.The revenue model for 40GRID revolves around a subscription-based structure, offering tiered pricing plans to accommodate different customer needs. Clients may engage in annual or monthly subscriptions for ongoing access to the company's products and services. Transaction structures might include direct-to-consumer sales, where users pay for individual product licenses, and B2B partnerships that generate recurring revenue through long-term contracts, potentially including service level agreements to ensure client satisfaction and operational support. Specific pricing details have not been disclosed, but the company's offerings are anticipated to be competitively priced to attract a broad spectrum of users while ensuring sustainable revenue growth.40GRID plans to leverage the funding raised in February 2021, led by new investor York IE, to support the design and launch of new products aimed at improving operational efficiency. The company is focusing on expanding into North America and Europe by the end of 2023, in sectors that require advanced technological solutions. Recent funding will facilitate the enhancement of their product offerings and support their market expansion initiatives.

## Funding rounds

- Seed, Feb 23, 2021 — York IE

## Investors

- York IE (https://capitalatlas.ai/funds/york-ie) — Seed