# Binaris

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

- Industry: Software
- Headquarters: Los Angeles, US
- Website: www.binaris.com
- Total disclosed funding: $4.7M
- Latest round: Seed (Oct 1, 2017)
- Investors on record: 3

## About

Binaris, Inc. specializes in providing innovative digital solutions that enhance operational efficiency for small to mid-sized businesses through a cloud-based platform focused on project management, customer relationship management, and data analytics.Founded in 2016 in Los Angeles, US, Binaris, Inc. operates a cloud-based platform that addresses operational challenges for small to mid-sized businesses. The company was co-founded by Avner Braverman, who has a history of entrepreneurial ventures. Binaris raised USD 4.7 million in Seed funding in October 2017, led by Lightspeed Venture Partners, with additional investments from Dell Technologies Capital and Engineering Capital, marking a significant step in their growth journey.Binaris offers a comprehensive cloud-based platform designed to streamline operations for various industries, launched in 2021. It provides tools for project management, customer relationship management, and data analytics, aimed specifically at small to mid-sized businesses across North America and Europe in the technology, retail, and service sectors. This platform enhances collaboration and facilitates real-time decision-making by delivering actionable insights to its users.Revenue is generated through a subscription-based model, featuring tiered pricing plans that cater to a range of business sizes and needs. Clients pay recurring fees for access to the platform, which includes licenses for users, advanced features, and customer support. Binaris adopts a B2B partnership strategy, integrating its solutions into larger enterprise systems to expand its market reach, with their flagship project management tool being well-received by businesses looking to optimize workflow and improve team collaboration.Binaris plans to leverage the USD 4.7 million raised in Seed funding to enhance product development and expand its market presence. The company aims to release new features for its platform in the upcoming year, targeting specific enhancements to project management tools. Additionally, Binaris intends to enter new markets in Asia and South America by the end of 2023, broadening its geographical footprint and client base, thereby positioning itself for sustained growth in the digital solutions sector.

## Funding rounds

- Seed, Oct 1, 2017, $4.7M — Lightspeed Venture Partners, Engineering Capital, Dell Technologies Capital

## Investors

- Lightspeed Venture Partners (https://capitalatlas.ai/funds/lightspeed-venture-partners) — Seed
- Engineering Capital (https://capitalatlas.ai/funds/engineering-capital) — Seed
- Dell Technologies Capital (https://capitalatlas.ai/funds/dell-technologies-capital) — Seed