Ciklum Group Limited
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Ciklum Group Limited - overview
Established
2002
Location
London, -, UK
Primary Industry
Outsourcing
About
Ciklum Group Limited is a technology company specializing in AI-driven digital product engineering, offering advanced solutions that enhance enterprise operations and customer experiences across various industries. Ciklum Group Limited, founded in 2002, is based in London, UK. The firm is committed to AI-powered digital product engineering, providing tailored technology solutions. The company has not undergone any significant pivots.
Eran and Torben Majgaard founded Ciklum, with Torben Majgaard currently serving as CEO. The company has completed three funding rounds, with the most recent investment by Recognize Partners occurring on January 4, 2021, though financial terms were not disclosed. Ciklum specializes in AI-powered digital product engineering, delivering advanced technological solutions that transform enterprise operations. Their offerings integrate artificial intelligence, product engineering, and customer-centric experiences, addressing various use cases such as decision enhancement and process elevation.
The company provides services in cloud infrastructure optimization, business process automation, and immersive content creation, employing agile development methodologies. Ciklum’s solutions target clients in North America, Europe, and parts of Asia, where firms aim to leverage technology for growth and innovation. In 2023, Ciklum generated a revenue of USD 68. 55 mn and an EBITDA of USD 2.
38 mn. Revenue is derived from a combination of subscription services and direct partnerships with enterprise clients, including comprehensive contracts for the development and integration of digital solutions. Their pricing plans are tailored to the complexity and scale of the projects, ensuring client satisfaction and long-term relationships. Ciklum plans to expand its product line with new offerings designed to enhance digital transformation for clients, with specific launch timelines to be announced.
The company is targeting growth in new markets across Asia and North America by the end of 2024. Recent funding from Recognize Partners will support these initiatives, enabling the development of innovative AI solutions and the enhancement of existing service capabilities.
Current Investors
Recognize
Primary Industry
Outsourcing
Sub Industries
Offshore IT Services/IT Outsourcing, Software
Website
www.ciklum.com
Total Amount Raised
Subscriber access only
Ciklum Group Limited - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | CodeAstu Technologies Pvt. Ltd. | - | ||||||||
| Add-on | Completed | GoSolve LLC | - | ||||||||
| Add-on | Completed | Infogen Labs | - | ||||||||
| Add-on, Trade Sale | Completed | CN Group CZ a.s. | - | ||||||||
| Growth | Completed | Ciklum Group Limited | - |
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