The IBM Mafia
IBM, or International Business Machines Corporation, was founded in 1911 by Charles Ranlett Flint. Originally named the Computing-Tabulating-Recording Company (CTR), it emerged from the merger of four companies specializing in business equipment.
Flint's vision was to create a company that could provide innovative solutions for the growing demand in data processing and business efficiency. IBM quickly evolved from focusing on tabulating equipment to becoming a leader in computer technology, playing a crucial role in the advancement of computing and information technology services. This adaptability and commitment to innovation have cemented IBM's status as a global technology leader.
The IBM Mafia
The IBM Mafia has founded 1,353 companies and raised $31.3 billion in total, as per Crunchbase data.
PS: Are you a IBM Mafia member interested in bringing your community together to invest in innovative ventures (and enjoy potential profits and other perks along the way)? Or perhaps you're part of another dynamic group that could be a fantastic source of startup investments? 😉
Learn more about us and join the waitlist here.
A list of all the amazing companies covered:
- Socure
- dLocal
- Calendly
- Aleo
- Vena Solutions
- ScienceLogic
- Visier
- MoEngage
- Gloat
- Smule
- Tendo
- MycoWorks
- Bringg
- Quanergy Systems
- Pryon
- Workboard
- Skillshare
- Veza
- Factual
- CoinTracker
- Hologram
- Embrace
- Diligent Robotics
- Remind
- Phosphorus
- Bastille Networks Internet Security
- FreshMenu
- B12
- ZUZU Hospitality
- Rock The Bells
- UCAN
- Invisibly
- Aromyx
- Fluree
- Brazen
- Exer Labs
- Fluence Technologies
- Demand Driven Technologies
- Allego
- Ophelos
- Datanomik
- People Pattern
- TeamOut
- Flown
- Atomus
Socure
Founder: Johnny Ayers
IBM Role: Senior Consultant
Capital Raised: $744.4M
Investors: Silicon Valley Bank
Stage: Debt Financing
Socure is a predictive analytics platform for digital identity verification of consumers.
dLocal
Founder: Sergio Fogel
IBM Role: Research Staff Member
Capital Raised: $357M
Investors: Alkeon Capital
Stage: Public
DLocal is a cross-border payment processor that connects global merchants to emerging markets.
Calendly
Founder: Tope Awotona
IBM Role: Tivoli Software Sales Rep
Capital Raised: $350.6M
Investors: ICONIQ Capital
Stage: Series B
Calendly is a modern scheduling platform that helps individuals, teams, and organizations automate meeting by removing the back and forth.
Aleo
Founder: Raymond Chu
IBM Role: Software Engineering Intern
Capital Raised: $298M
Investors: Andreessen Horowitz
Stage: Series B
Aleo develops a private application building platform that enables privacy on blockchains.
Vena Solutions
Founder: Don Mal
IBM Role: WW IBM Clarity & Cognos FSR Sales Leader
Capital Raised: $272.8M
Investors: Vista Equity Partners
Stage: Series C
Vena connects people, existing systems, and data to power finance-led business planning and real-time reporting.
ScienceLogic
Founder: Dave Link
IBM Role: Product Management
Capital Raised: $235.2M
Investors: Goldman Sachs
Stage: Series E
ScienceLogic is a provider of AI-driven monitoring solutions for hybrid cloud management.
Visier
Founder: Jan Schwarz, John Schwarz
IBM Role: Client Manager, GM, Industry Solutions
Capital Raised: $216.5M
Investors: Goldman Sachs
Stage: Series E
Visier is an HR analytics platform that offers cloud-based solutions for workforce analytics and workforce planning.
MoEngage
Founder: Yashwanth Kumar
IBM Role: Summer Intern
Capital Raised: $210M
Investors: B Capital
Stage: Series E
MoEngage is an internet company that features cloud-based marketing services for consumer businesses.
Gloat
Founder: Ben Reuveni
IBM Role: Solutions Architect
Capital Raised: $192.6M
Investors: Accel Partners
Stage: Series D
Gloat is an internal talent marketplace that allows people to be matched to internal career opportunities.
Smule
Founder: Jeffrey Smith
IBM Role: Software Engineer
Capital Raised: $190.7M
Investors: Bessemer Venture Partners
Stage: Series H
Smule develops music-making apps that connect people online.
Tendo
Founder: Dan Goldsmith
IBM Role: Partner
Capital Raised: $187.6M
Investors: Lux Capital
Stage: Series B
Tendo's mission is to become the trusted connection between patients, clinicians, and caregivers by creating software.
MycoWorks
Founder: Matthew L. Scullin
IBM Role: Process Engineer
Capital Raised: $187M
Investors: SOSV
Stage: Series C
MycoWorks is a biotechnology company that offers non-plastic and non-animal materials to the market.
Bringg
Founder: Lior Sion
IBM Role: R&D Manager
Capital Raised: $184.5M
Investors: Insight Partners
Stage: Series E
Bringg is the leading last mile delivery management platform provider.
Quanergy Systems
Founder: Louay Eldada
IBM Role: Research Scientist
Capital Raised: $175.3M
Investors: Rising Tide
Stage: Public
Quanergy develops 3D-LiDAR sensors and smart sensing solutions for safety and experience enhancement.
Pryon
Founder: Igor Jablokov
IBM Role: Program Director
Capital Raised: $159.1M
Investors: US Innovative Technology Fund
Stage: Series B
Pryon is an AI company that focuses on enterprise knowledge management.
Workboard
Founder: Deidre Paknad
IBM Role: Vice President, Information Lifecycle Governance Solution business
Capital Raised: $141.6M
Investors: Andreessen Horowitz
Stage: Series B
Workboard provides an enterprise results management platform designed to automate business reviews.
Skillshare
Founder: Malcolm Ong
IBM Role: E-Commerce Specialist
Capital Raised: $136.8M
Investors: NewSpring
Stage: Series D
Skillshare is an ed-tech platform offering online learning for creative fields.
Veza
Founder: Maohua Lu
IBM Role: Research Staff Member
Capital Raised: $125M
Investors: Capital One Ventures
Stage: Series C
Veza is a data security platform that helps users use and share their data safely.
Factual
Founder: Gil Elbaz
IBM Role: Programmer and DBA
Capital Raised: $104M
Investors: Upfront Ventures
Stage: Series B
Brands and tech companies use Factual to understand and intelligently grow their businesses.
CoinTracker
Founder: Jon Lerner
IBM Role: XML / XSLT Tester (Intern)
Capital Raised: $101.6M
Investors: Accel Partners
Stage: Series A
CoinTracker is the gold standard in cryptocurrency portfolio tracking and tax compliance.
Hologram
Founder: Patrick Wilbur
IBM Role: Supplemental Programmer, Analytics & Sensor Networks
Capital Raised: $82.4M
Investors: TechNexus Venture Collaborative
Stage: Series B
Hologram provides a platform to connect devices to any network with cellular connectivity, and offers software for monitoring an IoT fleet.
Embrace
Founder: Eric Futoran
IBM Role: Strategy & Change Internal Practice
Capital Raised: $77M
Investors: New Enterprise Associates
Stage: Series B
Embrace helps mobile engineers build better experiences.
Diligent Robotics
Founder: Andrea L. Thomaz, Vivian Chu
IBM Role: Scientist/Engineer, Software Engineer
Capital Raised: $71.6M
Investors: Canaan Partners
Stage: Series B
Diligent Robotics develops AI-powered robot assistants to collaborate with and adapt to humans in everyday environments.
Remind
Founder: David Kopf
IBM Role: Systems Management Specialist
Capital Raised: $59.5M
Investors: First Round Capital
Stage: Series E
Remind is a communication platform that helps every student succeed.
Phosphorus
Founder: Chris Rouland
IBM Role: CTO IBM Security, Distinguished Engineer
Capital Raised: $43M
Investors: SYN Ventures
Stage: Series A
Phosphorus Cybersecurity provides comprehensive security solutions for extended IoT environments.
Bastille Networks Internet Security
Founder: Chris Rouland
IBM Role: CTO IBM Security, Distinguished Engineer
Capital Raised: $39M
Investors: Bessemer Venture Partners
Stage: Series B
Bastille Networks Internet Security provides threat detection and security for the internet of things.
FreshMenu
Founder: Rashmi Daga
IBM Role: Business Manager
Capital Raised: $32.4M
Investors: Lightspeed Venture Partners
Stage: Series C
FreshMenu offers food delivery service that provides fresh and tasty cuisines of the highest standard.
B12
Founder: Adam Marcus
IBM Role: Research Intern
Capital Raised: $28.1M
Investors: Breyer Capital
Stage: Series A
B12 offers website building, contact management, online scheduling, payments, invoicing, and SEO services.
ZUZU Hospitality
Founder: Vikram Malhi
IBM Role: Management Consultant
Capital Raised: $25.4M
Investors: Atinum Partners
Stage: Series B
ZUZU Hospitality is a chain of independent hotels that delivers revenue growth through distribution and revenue management.
Rock The Bells
Founder: Geoff Yang
IBM Role: Marketing Rep
Capital Raised: $23M
Investors: Raine Ventures
Stage: Series B
Rock The Bells is an online store for hip-hop culture merchandise.
UCAN
Founder: Peter Kaufman
IBM Role: Sales, Tech Support
Capital Raised: $20.8M
Investors: Eighteen94 Capital
Stage: Series A
UCAN provides energy, hydration, and protein products that deliver steadily over time, with no sugar or caffeine.
Invisibly
Founder: Jim McKelvey
IBM Role: Visiting Scientist
Capital Raised: $20.2M
Investors: Vrity
Stage: Series A
Invisibly helps you say goodbye to paywalls and hello to content & news you'll love.
Aromyx
Founder: Chris Hanson
IBM Role: Senior Business Development Executive
Capital Raised: $18.8M
Investors: Rabobank Food & Agri Innovation Fund
Stage: Series A
Aromyx is a biotechnology startup applying biotechnology and data science to capture unique sensory data.
Founder: Andrew Filipowski
IBM Role: Consultant
Capital Raised: $17.2M
Investors: SineWave Ventures
Stage: Series A
Fluree is an open source semantic graph database that guarantees data integrity, secure data sharing, and powers connected data insights.
Brazen
Founder: Ryan Healy
IBM Role: Financial Consultant
Capital Raised: $13.4M
Investors: Osage Venture Partners
Stage: Series C
Brazen is a virtual event platform that helps organizations create better engagement through chat-based online events.
Exer Labs
Founder: Zaw Thet
IBM Role: Emerging Technology Analyst
Capital Raised: $11M
Investors: Life Extension Ventures
Stage: Seed
Exer Labs is an information Technology & Services company.
Fluence Technologies
Founder: Don Mal
IBM Role: WW IBM Clarity & Cognos FSR Sales Leader
Capital Raised: $10M
Investors: Banneker Partners
Stage: Series A
Fluence is the only financial closing and consolidation software for mid-sized companies.
Demand Driven Technologies
Founder: Erik Bush
IBM Role: VP, Global Sourcing
Capital Raised: $8.9M
Investors: Midtown Capital Advisors
Stage: Seed
Demand Driven Technologies provides Replenishment+, the first and most widely deployed DDMRP compliant supply chain software solution.
Allego
Founder: Yuchun Lee
IBM Role: VP Enterprise Marketing Management
Capital Raised: $7.5M
Investors: Summit Partners
Stage: Private Equity
Allego provides a mobile video-based sales learning and development platform for high tech, financial services, medical device and pharma.
Ophelos
Founder: Paul Chong
IBM Role: Vice President, Head of Europe for Advisories, Consultants and System Integrators
Capital Raised: £6.6M
Investors: AlbionVC
Stage: Seed
Ophelos was created to transform how individuals, families, and businesses manage their financial health.
Datanomik
Founder: Sergio Fogel
IBM Role: Research Staff Member
Capital Raised: $6M
Investors: Andreessen Horowitz
Stage: Seed
Datanomik is an Open Finance B2B Fintech platform that enables easy access to financial data from several financial institutions in LatAm
People Pattern
Founder: Kenneth Cho
IBM Role: Client Rep
Capital Raised: $4.5M
Investors: Texas Venture Labs
Stage: Series A
People Pattern provides audience insights to companies by using data science to turn public expression into actionable persona sets.
TeamOut
Founder: Vincent Albouy
IBM Role: Lead Data Scientist / Software Engineer
Capital Raised: $3.2M
Investors: Pioneer Fund
Stage: Seed
TeamOut is the platform that makes retreat planning easy for remote teams.
Flown
Founder: Alicia Navarro
IBM Role: Consultant
Capital Raised: £3.7M
Investors: Venrex
Stage: Seed
Flown offers ideal mental and physical spaces for individuals and teams to think and work more creatively and productively.
Atomus
Founder: Joel Joseph
IBM Role: Cognitive Applications Technical Intern
Capital Raised: $1.5M
Investors: CRV
Stage: Pre-Seed
Atomus is a Cybersecurity Infrastructure for the World's Most Critical Companies
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