EvoStor Inc.
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EvoStor Inc. - overview
Established
2007
Location
Campbell, CA, US
Primary Industry
Software
About
EvoStor Inc. is a technology company specializing in innovative software solutions that enhance operational efficiency and user engagement across various industries, including finance, healthcare, and retail. Founded in 2007 and headquartered in Campbell, US, EvoStor Inc. focuses on technology solutions for business processes.
In June 2011, EvoStor was acquired by Virsto Software. The company has completed 3 deals to date, with its latest funding round being a Series A in which it raised USD 3. 00 mn, bringing the total amount raised to USD 3. 00 mn and current valuation to USD 10.
98 mn. The company has attracted investment from Aspenwood Ventures, Southern Cross Venture Partners, and Starfish Ventures. EvoStor offers a comprehensive software platform that integrates data analytics and automation to optimize business processes. This platform serves a diverse clientele, including small and medium enterprises and larger corporations, providing solutions for resource allocation and customer relationship management.
The company has successfully expanded its presence across North America and Europe, enhancing workflow efficiency and delivering actionable insights to its users. EvoStor's revenue model combines subscription-based services with direct sales of its proprietary software. Clients subscribe to tiered service plans that provide varying levels of access, including advanced analytics and personalized support. Collaborations with system integrators and resellers broaden market reach, catering to businesses of all sizes and fostering ongoing client relationships through continuous support and updates.
EvoStor's future growth strategy includes the design of new product offerings aimed at enhancing operational capabilities, although specific release dates are not disclosed. The company plans to expand into new markets, particularly targeting the European region by mid-2024. The recently raised USD 3. 00 mn from the Series A funding will be strategically utilized to support these expansion efforts and further develop its software solutions.
Current Investors
Aspenwood Ventures, Starfish Ventures, Southern Cross Venture Partners
Primary Industry
Software
Sub Industries
Storage, Storage Management Software
Website
www.evostor.com
Verticals
Artificial Intelligence, Cloud Computing
Company Stage
Add-on
Total Amount Raised
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