# Canotic

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

- Industry: Business Support Services
- Headquarters: Bothell, US
- Website: www.canotic.com
- Total disclosed funding: $5.3M
- Latest round: Seed (Nov 29, 2018)
- Investors on record: 3

## About

Canotic Inc. develops innovative technology solutions that enhance operational efficiency and data management for businesses in various sectors, including logistics, healthcare, and finance. The company focuses on optimizing workflows through advanced software applications.Founded in 2018 in Bothell, US, Canotic Inc. specializes in creating software solutions to improve business operations. The company has received funding through 2 deals, with the most recent funding round occurring on May 25, 2021, when it raised USD 12.00 mn from investors including HV Capital, NFX, Mosaic Ventures, and Pioneer Square Labs. The CEO and one of the founders is Brad Cordova, who has been instrumental in guiding the company’s vision and strategy.Canotic specializes in innovative technology solutions aimed at enhancing operational efficiency and data management for businesses across various industries. The company's core product offerings include a suite of software applications designed to optimize workflow, streamline communication, and facilitate data-driven decision-making. These products cater to organizations seeking to improve productivity and collaboration, particularly in logistics, healthcare, and finance, and are distributed primarily in North America and Europe.Canotic generates revenue through a structured model that primarily includes B2B transactions, where companies subscribe to its software offerings on an annual basis. Customers enter into contractual agreements outlining service terms, which enhances client retention. The pricing plans for Canotic’s flagship products are tiered based on the client’s size and needs, allowing for tailored solutions. Partnerships with resellers and integration consultants further expand the company’s market reach.In May 2021, Canotic Inc. raised USD 12.00 mn in venture funding to enhance its technology focused on automating tasks using artificial intelligence. The company plans to utilize this funding to develop new products and expand into new markets, specifically targeting growth in regions that demand advanced digital solutions. Canotic’s strategy includes launching innovative software updates and potentially entering new geographic markets to enhance operational efficiency for its clients.

## Funding rounds

- Seed, Nov 29, 2018, $5.3M — East Ventures, Mosaic Ventures, Pioneer Square Labs

## Investors

- East Ventures (https://capitalatlas.ai/funds/east-ventures) — Seed
- Mosaic Ventures (https://capitalatlas.ai/funds/mosaic-ventures) — Seed
- Pioneer Square Labs (https://capitalatlas.ai/funds/pioneer-square-labs) — Seed