Actuate Raises $8 Million, Aims To Be Unicorn

By John Honovich, Published May 06, 2021, 09:42am EDT

Actuate has raised $8 million, increasing customers by 10x in 2020, and aims to be a Unicorn, the company's founders told IPVM.

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In this note, we share feedback from the company's founders looking at where the company is growing, what it aims to become, and what challenges we believe the company will face.

**********

******* *** ********** ********** ** (*** **** IPVM *******)*** ******* **** *****-***** gun ********* *** *** company *** ***** ******** to ******* ******** *********. Gun *********, *****, ** a *****, **** ****** the ***** **** ** video ************ *********.

**-********

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**** **** **-******* ***** ***** ****** ***** ** ***** as * ** ******, and*** ******, ** **-********* ** Program *******, *** ********* the ******* ***** *** detection *********. **** *** University ** ******* ***** MBA *********.

Revenue, *********, *******

***** *** ******* *** not ***** ******** *******, they *** *********** **** annual ******* *** ** the ******** ** *******, that **** ********* ***** total ********* *** ** 2020, **** ~*** ** over *,*** ***, *** are ********* **,***+ *******.

** ******** *** ********* was $** ** $*** million, ***** ***** ****** rate *** *** ***** of ******** ** ****-***** physical ******** *********. ***** Actuate *** *** ******* on *********, **** ************ that **** ******** * lot ** ******** **** VC *****.

Unicorn ********

******* **** ** ** a ******* (*.*., * company **** * *******-****** valuation). **** *** ********** being ******* ********* (*.*.,***** ** * ******* with **** ******* ** ~$4 *******), ** *** *** be **** **** *** Actuate. **** *****, ***** is ****** ** ******* and ******* ***** **** likely **** ** ***** $50 ** $*** ******* annual ******* ** ******* that *********.

Employee ***** / ******

******* **** **** **** ~15 ********* ********* *** are ******** ** ******* triple ********* ** *** end ** ****.

Product ********

****** **** ******** ******** SaaS ********, ******* ***** with ******** ******* *** do *** ****-** ********* to *********** ********, ***** helps **** **** **** broadly *** **** *** restrict ********* (********* **** is ******* * ******** for ********* *******,*****, *******, ***.).

****** ******** **** *** detection, **** *** ***** a ‘****** *********’ ********* suite ** ********* ‘********’ ‘weapon’ *** ‘**********’ – Crowd, ****, ****/****, *********, etc.

Go-To-Market, ****** **********, *** **********

**% ** *******'* ********* are ***** ******* ****** monitoring ********* *** ********** customers. **** ** ***** customer ***** *** ****** motivated ** ******* ************ (because *** ****** *** increase ******* *** *** latter ***** **** ******** security *****). ******* ***** that ***** "*,*** *********" includes ********* ** ***** remote ********** *********.

*******

******* **** ***** ******* is ** *** ***** of $* - $** per ******, ******* ** types ** *********, ******, etc.

*** ******* / ********* are **** ********** *** Actuate ******* *** *** analytics ****.

Avigilon / ****** ******** **********

******* ****** **** ** is **** ********* ** use *****-**** ******* *** their ********* **** ******-**** analytic ****. ************, **** emphasize ******** ********* **** gun ********* *** **** and **** ********* **** are *** ***** ******** in *******.

************, ** ****** *** question ** *** *** use ********'* ********* ******* (*** ******* ******** ** our ********) *** **** ********** that ***** ***** *** save ***** ** ****** lower ****, ***-******** *******, and ***** ***** *******.

** ***** **** ***** but **** ******* ** what *********** ****** *** would *** *** *** much **** *** ****** Actuate *** ***** (*.*., at $** *** *****, that **** $*,***+ ** 3 *****, **** **** enough ** *** *** high-end ****, ********, *****, etc. *******).

Risk - ****** *********

*********, ******* *** ** opportunity **** ** *** cameras************************* ****-******* *********. ***** existing ******* *** ****** a ******* *** ** a *******, *****-**** (** the **** ****) ******** for **** * ********.

*** *********** **** ** that ****** ************* ** not **** ** ** commoditized ** ********* ********* like ******* *** *** highly ********* ** ******** to ******* ***** *** onboard *********. ** ***** continue ** ******* (*** the **** ******** *************** will *******), ******* **** face ********** ********** ** why ***** ****** *** them **** ** ** given *** '****' ** camera ** ******** ********* to *** ***** ********.

Execution, *** *&*

****** **** ***** ******** startups **** ********* *&* or ******** ********, ** the ***-**** ******* *** continue ******* ******** ** it **, ** **** have * **** ****** to ****** * ******* serving *** ******** ** existing ******* **** *** looking *** **** ** add *********.

Comments (3)

*********** *******. **** *** had *** *********** ** test *** ******* *** compare ** ******* ******** else?

Agree: 1
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Informative
Unhelpful
Funny

**, **'* ***** ******** for ** *** **'* an ***-** *******. ***** this ******* *** ***** growth, ** ***** *** it's ***** * ***** relative ** ****** ********* that ** ******* **** more ****** ****.

Agree
Disagree
Informative: 1
Unhelpful
Funny

****** ********* ** ** its **** ***** ****. It **** **** ******* years (**** **** ********) until ** **** ****** a **** *********** *** software **** ***** ********* companies ** ****** ****/**** edge ********* *************. ** that **** ***** ********* will ***** ***** ********* applications ** ** ******** on **** *******. ** my ******* ** **** see ******* ********* ** we **** *** ****** phones *** **** *** with ******* *********** ******* dominate ******* ** ***.

**** * ** *** sure ** **** *** can ** * **** unicorn **** ******** ********/****** video ********* ************. *** of *** *** ******* (governments, **************, ******** ***************, transportation ****, *** ***********) will ***** * **** solution (*** **** **** how ** ** ******** sending **** *** ******** hundreds/thousands ** *******). ** might **** ** ******** for ******** ********** ******* abd * ****** **** those *** ** ***** more **** * ****** of ******* *** ***** per ****** *** *** type ** *********.

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Disagree
Informative
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