# Argonaut Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/argonaut-technologies

- Industry: Pharmaceuticals
- Headquarters: Redwood City, US
- Website: www.argotech.com
- Total disclosed funding: $9.5M
- Latest round: Series B (May 1, 1996)
- Investors on record: 4

## About

Argonaut Technologies provides cutting-edge technological solutions that enhance operational efficiency across various sectors, specializing in advanced software platforms and innovative hardware solutions.Founded in 1994 by Larry Bock, Argonaut Technologies operates from its headquarters in Redwood City, US. The company focuses on technological advancements and has undergone significant funding activities, including a PIPE round in June 1999, raising USD 15.00 mn led by Schroder Ventures alongside other prominent investors. The company has completed two deals since its inception.Argonaut Technologies specializes in innovative technological solutions designed to enhance operational efficiency and streamline processes across various industries. The company's core offerings include advanced software platforms and hardware solutions tailored for sectors such as logistics, healthcare, and manufacturing. These products aim to solve specific challenges such as inventory management inefficiencies, patient data accessibility, and production line optimization. With a focus on user-friendly interfaces and robust functionalities, Argonaut's offerings cater to a diverse clientele, including small to medium-sized enterprises and large corporations. The geographical markets served by Argonaut extend beyond its home base, penetrating key regions in North America, Europe, and parts of Asia, where the demand for high-tech solutions continues to escalate.In the most recent fiscal year 2004, Argonaut Technologies reported a revenue of USD 20.40 mn, with an EBITDA of USD -10.48 mn. The revenue model involves direct sales of software and hardware and subscription-based services for ongoing support and updates, fostering long-term partnerships with clients.Argonaut Technologies is strategically positioned for future growth, focusing on expanding its product offerings and entering new geographical markets. The company plans to launch new software solutions aimed at enhancing customer engagement by the end of 2025. Additionally, the firm targets expansion into Asian markets, with an anticipated entry by mid-2026. The recent PIPE financing of USD 15.00 mn will be utilized to support these initiatives, including product development and market penetration efforts.

## Funding rounds

- Series B, May 1, 1996, $9.5M — Institutional Venture Partners, Kleiner Perkins, Integral Capital Partners, Robertson Stephens & Company

## Investors

- Institutional Venture Partners (https://capitalatlas.ai/funds/institutional-venture-partners) — Series B
- Kleiner Perkins (https://capitalatlas.ai/funds/kleiner-perkins) — Series B
- Integral Capital Partners (https://capitalatlas.ai/funds/integral-capital-partners) — Series B
- Robertson Stephens & Company — Series B