Competitive Intelligence Startup Kompyte Raises $3M and Expands Operations in Austin, Texas
Kompyte, a startup company redefining the competitive intelligence (CI) software category, has successfully raised $3 million in funding from Caixa Capital Risc, Adara Ventures and Swanlaab Venture Factory, along with other existing investors. The company provides revolutionary software that automates competitive research and reporting, so their customers can monitor competitors in real-time and adjust their strategy to best compete.
“The demand for competitive intelligence (CI) has increased dramatically in a wide array of industries.” says Pere Cordina, CEO of Kompyte. “With the additional funding, we look forward to continuing to lead the way in making CI a foundational business practice, reinventing the way companies compete.”
Kompyte’s competitive intelligence software organizes intel in a highly accessible, intuitive manner within a single centralized platform; much like a CRM system organizes all the phases of a customers relationship. As a result, Kompyte helps product, marketing and sales teams to have a faster response to inevitable changes in the competitive landscape, creating a more sustainable competitive advantage.
“We see a divergence between the classic approach to CI and what the market is demanding. There’s just so much market data available and it changes so fast, that the old processes simply don’t work.” said Pere Cordina, CEO. “Companies that are able to analyze and extract insight from their own competitive data in real time, then use it in a pragmatic way, end up prevailing. Kompyte is excited to empower those organizations and help play a part in their future success.”
Founded in Barcelona and taking root in San Francisco after graduating from 500 Startups in 2017, Kompyte is also pleased to announce today the opening of their third office in Austin. Austin will be the base of operations for the go-to-market team while its product and engineering teams will remain in Barcelona.
“Being able to leverage a truly multicultural team is a key element of our success, we believe that teams made up of diverse talent build better products that address the distinct needs of our customers.” said Co-founder & COO, Albert Colmenero.
Sergio Ramírez, Co-founder & CTO added, “To support our customers on their quest to create and maintain a competitive advantage, the Barcelona-based engineering team use efficient, iterative and agile development processes to build an outstanding piece of technology that solves problems that no other company has solved before.”
Kompyte’s competitive intelligence software enables businesses to collect, organize, analyze, and act on competitive changes in their market. Kompyte reinvents the way businesses use intelligence to drive sales, marketing performance and product strategies. Serving thousands of product, marketing and sales roles in over 20 industries, across the globe, Kompyte compiles over 3.5T data points a year. Founded in 2014, Kompyte is headquartered in San Francisco with offices in Barcelona and Austin.