Terascape
Latest round
- Series B
Last raised
- Mar 1999
Total raised
- $2.2M
Investors
- 3
About Terascape
Founded in 1996 in Needham, US, Terascape provides technology solutions that improve operational workflows. The company was acquired by EMC in January 2000 for USD 50 mn, marking a significant milestone in its business trajectory.The company's primary offerings include innovative technology solutions designed to enhance operational efficiency and streamline processes across various industries. Their flagship product, a cloud-based platform, integrates multiple functionalities, enabling users to manage projects, collaborate in real-time, and analyze data seamlessly. This platform is particularly beneficial for sectors such as manufacturing, logistics, and professional services, where it addresses prevalent challenges such as communication gaps and data silos. The company's solutions are deployed in markets across North America, Europe, and Asia, catering to a diverse clientele that includes small to medium-sized enterprises (SMEs) as well as larger corporations seeking to optimize their workflows.The company generates revenue primarily through a subscription-based model for its flagship cloud platform, which allows clients to choose from various pricing tiers based on their specific needs and scale. Clients typically commit to annual subscriptions, which include access to ongoing updates, customer support, and additional features as they become available. The transaction structure is tailored towards B2B engagements, with enterprises entering into contracts that outline service levels and performance benchmarks. In addition to subscriptions, the company may also engage in partnerships with resellers to expand its market reach, thereby enhancing revenue streams through indirect sales channels. The company is focusing on launching additional features for its cloud-based platform in the near term, although specific release dates have not been disclosed. They aim to penetrate further into European and Asian markets by the end of 2022, utilizing the resources from the USD 50 mn acquisition deal to support these initiatives.
Who invested in Terascape
3 investors across 2 rounds
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Questions about Terascape
Who invested in Terascape?
Terascape has 3 investors on record across 2 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Terascape raised?
Terascape has raised 2 venture rounds. Sign up free to see how much each round raised and the total.
When did Terascape last raise money?
Terascape's most recent round on record is a Series B, in Mar 1999.
What does Terascape do?
Founded in 1996 in Needham, US, Terascape provides technology solutions that improve operational workflows.
Where is Terascape headquartered?
Terascape is headquartered in Needham, US.
Which VCs invest in companies like Terascape?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back software companies at Terascape's stage. Their profiles are linked below.
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