Edify Overview

  • Year Founded
  • 2018

Year Founded

  • Status
  • Acquired/​Merged

  • Employees
  • 68

Employees

  • Latest Deal Type
  • M&A

Edify General Information

Description

Developer of business communication as a service platform designed to connect businesses with customers and employees each day. The company's platform helps in all the functionalities of a contact center, unified communications, and real-time communications platform into a single cloud-native software that lets users move seamlessly among channels within one conversation, enabling clients to strengthen their connections with customers and across teams.

Contact Information

Website
www.edify.cx
Ownership Status
Acquired/Merged
(Operating Subsidiary)
Financing Status
Formerly VC-backed
Corporate Office
  • 11 Municipal Drive
  • Suite 400
  • Fishers, IN 46038
  • United States
+1 (833)
Primary Industry
Communication Software
Other Industries
Business/Productivity Software
Parent Company
Avaya
Vertical(s)
SaaS
Corporate Office
  • 11 Municipal Drive
  • Suite 400
  • Fishers, IN 46038
  • United States
+1 (833)

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Edify Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
4. Merger/Acquisition 07-May-2024 Completed Generating Revenue
3. Early Stage VC (Series A) 29-Dec-2022 Completed Generating Revenue
2. Debt - PPP 28-Apr-2020 $575K $10M Completed Generating Revenue
1. Seed Round 20-Sep-2019 $10M $10M Completed Generating Revenue
To view Edify’s complete valuation and funding history, request access »

Edify Cap Table

Stock # of Shares
Authorized		 Par Value Dividend Rate (%) Original
Issue Price		 Liquidation Liquidation
Pref. Multiple		 Conversion Price % Owned
Seed-4
Seed-3
Seed-2 1,988,448 $0.000010 $0.53 $0.53 1x $0.53 10.77%
Seed-1 3,535,023 $0.000010 $1.56 $1.56 1x $1.56 19.15%
To view Edify’s complete cap table history, request access »

Edify Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
Developer of business communication as a service platform designed to connect businesses with customers and employees ea
Communication Software
Fishers, IN
68 As of 2024

Atlanta, GA

Munich, Germany
 
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Edify Competitors (54)

One of Edify’s 54 competitors is Platform28, a Corporation company based in Atlanta, GA.

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Platform28 Corporation Atlanta, GA
tyntec Private Equity-Backed Munich, Germany
Bright Pattern Venture Capital-Backed San Bruno, CA
Aircall Venture Capital-Backed New York, NY
3CLogic Venture Capital-Backed Rockville, MD
You’re viewing 5 of 54 competitors. Get the full list »

Edify Patents

  • 2

    Total Documents Applications and Grants

  • Total Patents Families

  • Granted

  • 1

    Pending

  • Expiring in next 12 mo

Edify Recent Patent Activity

Publication ID Patent Title Status First Filing Date Technology (CPC) Citations
US-20240205272-A1 Cloud-based datacenter management systems and methods Pending 20-Dec-2022
US-20150261929-A1 System and method for determining the effectiveness of electronic therapeutic systems Inactive 17-Mar-2014

Edify Signals

Growth Rate

Weekly
Growth
Weekly Growth

Size Multiple

Median
Size Multiple

Key Data Points

Similarweb Unique Visitors

Majestic Referring Domains

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Edify Former Investors (11)

Investor Name Investor Type Holding Investor Since Participating Rounds
7percent Ventures Venture Capital Minority
Anorak Ventures Venture Capital Minority
Bling Capital Venture Capital Minority
Bonfire Ventures Venture Capital Minority
First Round Capital Venture Capital Minority
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Edify FAQs

  • When was Edify founded?

    Edify was founded in 2018.

  • Where is Edify headquartered?

    Edify is headquartered in Fishers, IN.

  • What is the size of Edify?

    Edify has 68 total employees.

  • What industry is Edify in?

    Edify’s primary industry is Communication Software.

  • Is Edify a private or public company?

    Edify is a Private company.

  • What is Edify’s current revenue?

    The current revenue for Edify is .

  • How much funding has Edify raised over time?

    Edify has raised $39.2M.

  • Who are Edify’s investors?

    7percent Ventures, Anorak Ventures, Bling Capital, Bonfire Ventures, and First Round Capital are 5 of 11 investors who have invested in Edify.

  • Who are Edify’s competitors?

    Platform28, tyntec, Bright Pattern, Aircall, and 3CLogic are some of the 54 competitors of Edify.

  • When was Edify acquired?

    Edify was acquired on 07-May-2024.

  • Who acquired Edify?

    Edify was acquired by Avaya.

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