# Erlang Technology

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/erlang-technology

- Industry: Semiconductors
- Headquarters: St. Louis, US
- Website: www.erlangtech.com
- Total disclosed funding: $12M
- Latest round: Series C (Mar 17, 2003)
- Investors on record: 6

## About

Erlang Technology specializes in delivering customized software solutions that enhance operational efficiency and improve customer engagement for various sectors, focusing on innovative technologies and client-specific requirements.Erlang Technology was founded in 1999 and is headquartered in St. Louis, US. The company focuses on developing software applications that streamline operations across multiple industries. In March 2003, Erlang Technology secured USD 11.7 mn in Series C funding led by DragonVenture, with participation from Authosis Ventures, Ignite Group, JAFCO Asia, NEC Electronics, and Pacesetter Capital Group. The company has successfully completed four deals since its inception, with the last funding round occurring in 2003.Erlang Technology’s primary offerings focus on delivering innovative solutions tailored to meet specific needs in various sectors. Their core products encompass advanced software applications designed to streamline operations, enhance productivity, and improve customer engagement across multiple industries. These solutions address critical challenges such as operational inefficiencies and customer satisfaction, primarily targeting businesses seeking to optimize their workflows. The company serves a diverse clientele, including small to medium-sized enterprises, large corporations, and governmental institutions, emphasizing markets in North America and Western Europe. The products have been well-received since their launch in recent years, with ongoing improvements and updates to ensure they meet the evolving demands of their users.Erlang Technology's revenue model is structured around a combination of direct-to-consumer sales, B2B partnerships, and subscription-based services. Clients can engage with the company's flagship products through annual subscriptions, which offer tiered pricing plans based on usage and features, ensuring flexibility for different business sizes and needs. In addition to direct sales, the company collaborates with various wholesalers and retailers, allowing for broader distribution and accessibility of its products. Transactions typically involve clients purchasing licenses for software applications, along with optional service packages for ongoing support and updates. This structured approach facilitates a steady revenue stream while catering to a diverse client base with varying requirements.Erlang Technology plans to leverage the recent Series C funding of USD 11.7 mn, secured in March 2003, to support its growth initiatives. The company is working on designing new software products aimed at enhancing user experience, with potential launch dates expected in the upcoming fiscal year. Additionally, Erlang Technology aims to expand its reach into new geographic regions, specifically targeting emerging markets in Asia and South America by 2004. The recent funding will be utilized to develop these new products and to facilitate market entry strategies in the targeted regions.

## Funding rounds

- Series C, Mar 17, 2003, $12M — DragonVenture, Pacesetter Capital Group, Ignite Group, Authosis Ventures, JIF Capital, NEC Electronics

## Investors

- DragonVenture (https://capitalatlas.ai/funds/dragonventure) — Series C
- Pacesetter Capital Group (https://capitalatlas.ai/funds/pacesetter-capital-group) — Series C
- Ignite Group (https://capitalatlas.ai/funds/ignite-group) — Series C
- Authosis Ventures (https://capitalatlas.ai/funds/authosis-ventures) — Series C
- JIF Capital (https://capitalatlas.ai/funds/jif-capital) — Series C
- NEC Electronics — Series C