# PowerCore

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

- Industry: Software
- Headquarters: East Palo Alto, US
- Website: www.powercore.io
- Total disclosed funding: $2M
- Latest round: Seed (Mar 15, 2016)
- Investors on record: 4

## About

PowerCore, Inc. delivers innovative software solutions that enhance operational efficiency across various sectors, enabling businesses to streamline processes and improve team collaboration.Founded in 2015 in East Palo Alto, US, PowerCore, Inc. specializes in technology solutions for operational efficiency. The company has raised USD 2.000 mn in Seed funding from investors including 500 Startups and Golden Gate Ventures as of March 15, 2016. Jian Shen, the founder, has a history of establishing tech-focused ventures, contributing to the company's strategic direction and growth.PowerCore, Inc. specializes in providing innovative technological solutions designed to enhance operational efficiency across various sectors. Their core offerings include a suite of software solutions aimed at streamlining project management, facilitating data analytics, and improving communications within teams. These products cater to businesses seeking to optimize processes and foster collaboration among employees, thus addressing common challenges in productivity and data management. Targeted primarily at medium to large enterprises, PowerCore, Inc. has made significant inroads in markets such as North America and Europe, serving industries ranging from technology to finance. The solutions were released over the past few years, with a focus on continual updates and feature enhancements based on user feedback.PowerCore, Inc. generates revenue through a subscription-based model, where clients pay recurring fees to access their software solutions. The business transactions typically involve businesses entering into service agreements that outline the terms of use, duration, and associated pricing for the software products. Clients may choose from tiered subscription plans that offer varying levels of service and features tailored to their operational needs. These include access to premium analytics tools and customer support. PowerCore, Inc.'s flagship products are designed to meet the demands of enterprise-level clients, ensuring that they receive the necessary resources to maximize their investment and improve their operational workflows.PowerCore, Inc. plans to utilize the recent USD 2.000 mn Seed funding to support the development of new software products aimed at enhancing project management capabilities and analytics tools, with expected releases in 2024. Additionally, the company seeks to expand its market presence in the Asia-Pacific region by 2025, targeting medium to large enterprises looking to improve operational efficiency. These strategic initiatives are part of a comprehensive growth plan that leverages both product innovation and geographic expansion.

## Funding rounds

- Seed, Mar 15, 2016, $2M — Golden Gate Ventures, East Ventures, Cherubic Ventures, 500 Startups

## Investors

- Golden Gate Ventures (https://capitalatlas.ai/funds/golden-gate-ventures) — Seed
- East Ventures (https://capitalatlas.ai/funds/east-ventures) — Seed
- Cherubic Ventures (https://capitalatlas.ai/funds/cherubic-ventures) — Seed
- 500 Startups — Seed