Total amount raised
$30 Millions
Latest funding date
06/01/2012
Location
Inflection has raised funds through multiple rounds, with the last funding round being on June 1, 2012, categorized as a Venture - Series Unknown round. The company has received backing from investors such as Costanoa Ventures and Sutter Hill Ventures.
Keep reading to explore the intricacies of Inflection's fundraising journey and the investors backing this innovative platform.
What Is Inflection?
Inflection, founded on December 10, 2006, in Redwood City, California, specializes in background screening and people data solutions. The company was established by Brian Monahan, Daniel Marcos, and Matthew Monahan. With a workforce of 101-250 employees, Inflection empowers companies to make better decisions regarding hiring, trust, and access through its flagship brand GoodHire and other screening products.
How Much Funding Has Inflection Raised?
- Series A
- Amount Raised: $30M
- Date: September 2010
- Lead Investors: Matrix Partners, Sutter Hill Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the launch of Inflection's new public-records search engine, PeopleSmart.com.
- Venture Round
- Amount Raised: Not publicly disclosed
- Date: June 2012
- Lead Investors: Costanoa Ventures, Sutter Hill Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Not publicly disclosed
Total Amount Raised: $30M
Current Valuation: Not publicly disclosed
Key Investors
The major investors in Inflection are as follows:
- Matrix Partners
- Details: Matrix Partners is a venture capital firm that invests in early-stage companies. They have a strong track record of supporting technology startups.
- Investment Focus Areas: Technology, software, consumer services
- Notable Investments: HubSpot, Zendesk, Oculus
- Sutter Hill Ventures
- Details: Sutter Hill Ventures is a venture capital firm that provides financing to early-stage and growth-stage companies. They have been involved in the tech industry for decades.
- Investment Focus Areas: Enterprise software, infrastructure, healthcare
- Notable Investments: Pure Storage, Snowflake, Sumo Logic
- Costanoa Ventures
- Details: Costanoa Ventures is a venture capital firm that invests in early-stage technology companies. They focus on helping startups grow and scale.
- Investment Focus Areas: Early-stage technology companies
- Notable Investments: Not specified
Note: The information about other potential investors and their notable investments was not found in the provided sources.
What's Next for Inflection?
Inflection's future looks promising with the launch of PeopleSmart.com, a public records search engine, and the potential expansion into court-runner services. These opportunities could significantly scale their business model, leveraging competitive pricing and additional services to attract a broader user base.
Given the company's profitability and strong investor confidence, future fundraising may not be immediately necessary. However, the potential for future rounds exists if needed for further expansion. The competitive landscape, including players like Ancestry.com and Intelius, presents challenges, but Inflection's focus on privacy and customer retention positions it well for sustained growth.
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