# Exa Corporation

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

- Industry: Software
- Headquarters: Burlington, US
- Website: www.exa.com
- Total disclosed funding: $12M
- Latest round: Series H (Apr 6, 2004)
- Investors on record: 5

## About

Exa Corporation develops innovative software solutions that enhance operational efficiency through advanced technologies like artificial intelligence and machine learning. Their offerings cater to various sectors, including finance, healthcare, and logistics.Exa Corporation, founded in 1991 and headquartered in Burlington, US, specializes in technology solutions that streamline processes for businesses. The company has completed eight deals, with the most recent being an IPO in June 2012, where they raised USD 62.50 mn. The CEO, Henning Thedens, leads the company in its mission to provide comprehensive software solutions.The company specializes in innovative technology solutions designed to enhance operational efficiency and streamline processes across various industries. Their core offerings include a robust software platform that integrates artificial intelligence and machine learning capabilities, allowing clients to automate routine tasks and gain actionable insights from data analytics. These solutions cater to a diverse clientele, including small to medium enterprises and large corporations, primarily in sectors such as finance, healthcare, and logistics. The company's products have been deployed in key geographical markets, including North America, Europe, and Asia-Pacific, addressing critical challenges such as resource management, compliance, and customer engagement. By focusing on user-friendly interfaces and scalable solutions, the company positions itself as a vital partner for organizations looking to harness technology for enhanced productivity and competitiveness.In 2017, Exa Corporation reported a revenue of USD 72.58 mn and an EBITDA of USD 4.47 mn. The company's revenue generation model is primarily based on subscription services, allowing clients to access its software solutions on a recurring basis. Transactions typically occur through direct engagement with businesses, with clients opting for different pricing tiers that suit their operational needs and scale. Several pricing plans align with the features and support levels provided, catering to both startups and established enterprises looking for comprehensive solutions. Flagship products are available as part of these subscription packages, which enhance their appeal in the market. This structure fosters long-term relationships with clients, as organizations are incentivized to continuously engage with the company for updates and additional services, ensuring consistent revenue flow.Exa Corporation's strategy for future growth includes the launch of new products designed to expand their offerings and enhance client engagement. The company intends to target new geographic markets, specifically looking towards expansion in Europe and Asia by 2024. The funds raised during the IPO will be utilized to support these initiatives, ensuring that the company is well-positioned to meet the evolving demands of its clientele.

## Funding rounds

- Series H, Apr 6, 2004, $6.4M — Boston Capital Ventures
- Series E, Jan 28, 1998 — Edelson Technology Partners, Boston Capital Ventures, Itochu
- Series C, Nov 11, 1996, $5.5M — Edelson Technology Partners, Boston Capital Ventures, Itochu, Volition Capital
- Series B, Nov 2, 1994 — Edelson Technology Partners, Boston Capital Ventures, Volition Capital, Massachusetts Capital Resource Company
- Series A, Apr 30, 1993 — Volition Capital

## Investors

- Volition Capital (https://capitalatlas.ai/funds/volition-capital) — Series A, Series B, Series C
- Edelson Technology Partners (https://capitalatlas.ai/funds/edelson-technology-partners) — Series B, Series C, Series E
- Boston Capital Ventures (https://capitalatlas.ai/funds/boston-capital-ventures) — Series B, Series C, Series E, Series H
- Massachusetts Capital Resource Company (https://capitalatlas.ai/funds/massachusetts-capital-resource-company) — Series B
- Itochu — Series C, Series E