The IBM Mafia

Khanak
January 10, 2024
Tech Mafias

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.

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Charles Ranlett Flint

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? πŸ˜‰

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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

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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Fluree

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.

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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.

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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.

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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.

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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.

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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.

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Ophelos

Founder: Paul Chong

IBM Role: Vice President, Head of Europe for Advisories, Consultants and System Integrators

Capital Raised: Β£6.6M

Investors: AlbionVC

Stage: Seed

Ophelos was created to transform how individuals, families, and businesses manage their financial health.

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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

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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.

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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.

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Flown

Founder: Alicia Navarro

IBM Role: Consultant

Capital Raised: Β£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.

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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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