# Era Software

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

- Industry: Software
- Headquarters: Bainbridge Island, US
- Website: www.eradb.com
- Total disclosed funding: $22M
- Latest round: Series A (Apr 20, 2021)
- Investors on record: 5

## About

Era Software, Inc. specializes in creating advanced software solutions that enhance operational efficiency and data management across various industries, including logistics, finance, and healthcare.Founded in 2019 and headquartered in Bainbridge Island, US, Era Software, Inc. develops proprietary software solutions aimed at improving business processes. The company has received a total of USD 15.25 mn in funding through multiple rounds, with the latest being a Series A round led by Playground Ventures in October 2022. Era Software was acquired by ServiceNow, Inc. from Array Ventures, Global Founders Capital, Foundation Capital, and Bay Ventures, with the acquisition set to complete in Q4 2022.Era Software, Inc. focuses on developing advanced technological solutions that cater to a diverse range of industries. Their core product offerings include proprietary software platforms designed to enhance operational efficiency and data management for businesses. These platforms typically integrate with existing systems to streamline processes, improve decision-making, and ultimately drive productivity. Key end use cases target sectors such as logistics, finance, and healthcare, where data accuracy and real-time analytics are critical for success. The company's client base spans various geographical markets, including North America and Europe, enabling them to serve a wide array of end-users who rely on their technology to optimize workflows and enhance overall performance.The company’s revenue model is primarily structured around subscription-based services, where clients pay a recurring fee for access to the software solutions. This model allows for predictable revenue streams and fosters long-term relationships with customers. Typical transactions involve businesses entering into annual agreements that include tiered pricing plans based on the number of users or volume of data processed. Additionally, partnerships with retailers and wholesalers enable the company to expand its reach and deliver tailored solutions to specific market segments. While flagship products command a premium, the structured pricing approach ensures accessibility for a variety of clients, fostering a diverse revenue base.Era Software plans to leverage recent funding from its Series A round to enhance its product offerings and expand into new geographic markets. The company aims to launch new software products designed to optimize workflows in logistics and healthcare sectors by the end of 2023. The funds will also support their expansion into European markets, targeting key cities for a broader client base. The acquisition by ServiceNow, Inc. is expected to facilitate the scaling of their platform and improve operational capabilities.

## Funding rounds

- Series A, Apr 20, 2021, $15M — Foundation Capital, Bay Ventures, Playground Ventures, Array Ventures
- Seed, Jan 7, 2020, $7M — Foundation Capital, Global Founders Capital, Array Ventures

## Investors

- Foundation Capital (https://capitalatlas.ai/funds/foundation-capital) — Seed, Series A
- Global Founders Capital (https://capitalatlas.ai/funds/global-founders-capital) — Seed
- Array Ventures (https://capitalatlas.ai/funds/array-ventures) — Seed, Series A
- Bay Ventures (https://capitalatlas.ai/funds/bay-ventures) — Series A
- Playground Ventures (https://capitalatlas.ai/funds/playground-ventures) — Series A