# Digital.ai Software

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/digital-ai-software

- Industry: Software
- Headquarters: Raleigh, US
- Website: www.digital.ai
- Total disclosed funding: $71M
- Latest round: Series B (Sep 6, 2005)
- Investors on record: 15

## About

Digital.ai Software, Inc. is a US-based company focusing on AI-driven solutions to optimize software delivery, enhancing application security and operational efficiency for enterprises across various sectors.Founded in 1999 in Raleigh, US, Digital.ai Software, Inc. specializes in software delivery solutions. The company has undergone strategic changes, including a Secondary Buyout in September 2019, where TPG acquired a majority stake. The total amount raised by the company is USD 500.00 mn, which coincides with its latest funding round, reflecting its investment target status. Shahida Sheela serves as the founder, while Derek Holt is the current CEO.Digital.ai offers an AI-powered platform designed to enhance software delivery across multiple domains, focusing on portfolio and agile planning, testing, release orchestration, and application security. The core offerings include mobile and desktop app hardening, enterprise release orchestration, and predictive machine learning for delivery metrics. These products address application security vulnerabilities, inefficient software release processes, and inadequate testing coverage. The company serves a diverse client base, including major enterprises like American Express, Cisco, and FedEx, deploying solutions across North America, Europe, and Asia-Pacific regions. By integrating AI-driven insights into the software lifecycle, Digital.ai enables organizations to optimize their development and deployment processes, enhancing application reliability and user experience.Digital.ai generates revenue primarily through subscription-based models, providing clients with access to its suite of AI-powered solutions. The company engages in B2B transactions, partnering with enterprises to deliver tailored software solutions. Clients typically subscribe to various pricing plans that encompass flagship products such as the Quick Protect Agent for application security and comprehensive testing tools for mobile and web applications. Revenue streams are further supported by consulting services that assist clients in implementing and optimizing the use of Digital.ai's products.Digital.ai's strategy for future growth includes the development of new AI-driven products aimed at enhancing software delivery, with specific release dates to be announced. The company plans to expand into new markets, targeting regions in Asia-Pacific by 2025. Recent funding from the Secondary Buyout in September 2019 will be utilized to support these initiatives, further enhancing the company’s capabilities and market reach.

## Funding rounds

- Series B, Sep 6, 2005, $9.5M — Benchmark, Intel Capital, Norwest Venture Partners, Industry Ventures, Hambrecht Capital
- Series C, Jan 20, 2003, $13M — Benchmark, Intel Capital, Norwest Venture Partners, NTT
- Series A, Oct 28, 2002, $13M — Benchmark, Norwest Venture Partners
- Series B, Jun 5, 2000, $35M — Benchmark, Intel Capital, Bowman Capital, Dell Ventures, Oracle Corporation, Sun Microsystems, Inc., Novell, Hewlett-Packard, Hambrecht Capital, Turbolinux, Inc., Niku Corporation, Opus360 Corp.

## Investors

- Benchmark (https://capitalatlas.ai/funds/benchmark) — Series B, Series A, Series C
- Intel Capital (https://capitalatlas.ai/funds/intel-capital) — Series B, Series C
- Bowman Capital (https://capitalatlas.ai/funds/bowman-capital) — Series B
- Dell Ventures (https://capitalatlas.ai/funds/dell-ventures) — Series B
- Oracle Corporation — Series B
- Sun Microsystems, Inc. — Series B
- Novell — Series B
- Hewlett-Packard — Series B
- Hambrecht Capital (https://capitalatlas.ai/funds/hambrecht-capital) — Series B
- Turbolinux, Inc. — Series B
- Niku Corporation — Series B
- Opus360 Corp. — Series B
- Norwest Venture Partners (https://capitalatlas.ai/funds/norwest-venture-partners) — Series A, Series C, Series B
- NTT — Series C
- Industry Ventures (https://capitalatlas.ai/funds/industry-ventures) — Series B