Teramind Analysis: $50M Raised
What is Teramind?
Teramind specializes in employee activity monitoring and workforce analytics. Their platform uniquely combines cybersecurity, productivity enhancement, and business process optimization. This integrated approach helps organizations prevent insider threats, protect sensitive data, and improve overall workforce efficiency.
Location
525 Randall Ave, Ste 100, PMB 491, Cheyenne, Wyoming 82001, United States
Employees
51-200
Founded
2014
Revenue
$13.4 million
Annual Revenue
$13.4 million
Country
United States
Latest Funding Round Size
$50M, $0, undisclosed, Not found
Recent Funding
$50M, $0, undisclosed, Not found
Product Features & Capabilities
- Insider risk management software
- Data loss prevention tools
- Compliance monitoring solutions
- Employee productivity analytics
- Business process optimization software
Use Cases
Monitor employee activity to prevent insider threats; Analyze productivity to enhance team performance; Ensure compliance with regulatory standards; Optimize business processes for efficiency; Manage hybrid workforce dynamics effectively
How much Teramind raised
Funding Round - $50M, $0, undisclosed, Not found
RecentHQ Full Address
525 Randall Ave, Ste 100, PMB 491, Cheyenne, Wyoming 82001, United States
Key Offerings
Teramind Competitors and Their Key Products/Services:
-
ActivTrak
- Employee Monitoring: Tracks employee activity and productivity levels.
- Productivity Management: Provides insights into how time is spent on various tasks.
- Workforce Planning: Helps in resource allocation and planning based on productivity data.
Source
-
Hubstaff
- Time Tracking: Offers tools for tracking time spent on tasks and projects.
- Project Management: Includes features for managing projects and team collaboration.
- Payroll Management: Automates payroll processes based on tracked hours.
- GPS Tracking: Useful for teams that work in the field.
Source
-
Time Doctor
- Time Tracking: Monitors employee hours and activities.
- Attendance Tracking: Keeps track of employee attendance and schedules.
- Payroll Reporting: Generates reports for payroll based on tracked data.
- Productivity Analytics: Provides insights into how time is utilized across tasks.
Source
Recent Acquisitions
In the past year, the following acquisitions were reported among competitors in the workforce analytics and employee monitoring sector:
-
Workday:
- Acquired Evisort, an AI-powered document analysis platform, for an undisclosed sum (7 months ago).
- Acquired TopBloc, a Workday consultancy, for $340 million (completed 2 months ago).
-
SAP:
- Announced the acquisition of LeanIX, a leader in enterprise architecture management, expected to close by the fourth quarter of 2023 (announced 19 months ago).
No recent acquisitions were found for ActivTrak, Time Doctor, Hubstaff, Veriato, SentryPC, BambooHR, ClickTime, or Oracle in the past year.
Growth Rate
70% (ActivTrak), $4M to $35M (Time Doctor), $11M to $32.9M (Hubstaff)
Other Considerations
Trusted by over 10,000 organizations; Rated 4.6 out of 5 on G2; Offers a free trial for potential customers
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