Librestream Technologies
Latest round
- Series D
Last raised
- Jun 2020
Total raised
- $24M
Investors
- 5
About Librestream Technologies
Librestream Technologies Inc.Founded in 2003 in Winnipeg, Canada, Librestream Technologies develops cutting-edge AI solutions for industries. The company was co-founded by Kent Wotherspoon and Kerry Thacher.Librestream Technologies specializes in delivering advanced digital solutions for the industrial sector through its flagship product, the Onsight NOW platform, which incorporates the Industrial Digital Assistant (Ida)™. This enterprise AI platform enhances self-service knowledge access for frontline workers by providing real-time access to critical information, effectively reducing the time spent searching for answers. The platform integrates cognitive search capabilities along with generative AI to capture and disseminate institutional knowledge held by experienced professionals, thus improving operational efficiency and productivity.Librestream Technologies operates primarily on a subscription-based revenue model, enabling clients to access its enterprise AI solutions through annual or multi-year contracts. The company's transactions typically involve partnerships with large-scale enterprises that integrate the Onsight NOW platform into their operational frameworks. These B2B transactions allow clients to leverage the platform's capabilities for enhancing productivity, reducing costs, and improving the speed of service resolutions. Specific pricing plans for their services have not been disclosed, but the revenue structure is based on the scale of implementation, number of users, and level of service features utilized, particularly focusing on the features offered by the Industrial Digital Assistant (Ida)™.In February 2021, Librestream Technologies Inc. John Bishop remaining as CEO. Librestream aims to launch new products designed to further enhance operational efficiencies, focusing on expanding its reach into new markets in North America, Europe, and Asia by 2023.
Who invested in Librestream Technologies
5 investors across 1 round
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Funding rounds
Series D
Jun 24, 2020
Amount
$24M
Investors
Questions about Librestream Technologies
Who invested in Librestream Technologies?
Librestream Technologies has 5 investors on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Librestream Technologies raised?
Librestream Technologies has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did Librestream Technologies last raise money?
Librestream Technologies's most recent round on record is a Series D, in Jun 2020.
What does Librestream Technologies do?
Librestream Technologies is a software company.
Where is Librestream Technologies headquartered?
Librestream Technologies is headquartered in Winnipeg, Canada.
Which VCs invest in companies like Librestream Technologies?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back software companies at Librestream Technologies's stage. Their profiles are linked below.
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