Overview

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Acquisitions
1 Acquisition
Total Equity Funding
$30.3M in 4 Rounds from 6 Investors
Headquarters:
Waltham, MA
Description:
InnoCentive is an open innovation company that crowdsources commission research and development problems.
Founders:
Categories:
Crowdsourcing, Collaboration, Enterprise Software
Website:
http://www.innocentive.com
Social:

Company Details

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InnoCentive is the global leader in crowdsourcing innovation problems to the world’s smartest people who compete to provide ideas and solutions to important business, social, policy, scientific, and technical challenges.

Their global network of millions of problem solvers, proven challenge methodology, and cloud-based innovation management platform combine to help their clients transform their economics of innovation through rapid solution delivery and the development of sustainable open innovation programs.

For more than a decade, leading organizations such as AARP Foundation, Air Force Research Labs, Booz Allen Hamilton, Cleveland Clinic, Eli Lilly & Company, EMC Corporation, NASA, Nature Publishing Group, Procter & Gamble, Scientific American, Syngenta, The Economist, Thomson Reuters, and several government agencies in the U.S. and Europe have partnered with InnoCentive to rapidly generate innovative new ideas and solve problems faster, more cost effectively, and with less risk than ever before.

Funding Rounds (4) - $30.3M

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DateAmount / RoundValuationLead InvestorInvestors
Oct, 2011$7.5M / Venture0
Aug, 2009$7.3M / Series B1
May, 2008$6.5M / Series B3
Feb, 2006$9M / Series A3

Acquisitions (1)

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DateAcquiredAmount
Feb 6, 2012Unknown

Current Team (3)

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Board Members and Advisors (2)

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Products (3)

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Competitors (7)

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  • Brightidea provides on-demand innovation management software and a SaaS platform that supports collaboration and crowdsourced feedback.
  • Devpost is the home for hackers. Meet great developers. Build your portfolio. Compete in hackathons.
  • Kaggle is a platform for predictive modeling and analytics competitions and consulting.
  • NineSigma offers open innovation services to connect organizations with relevant external resources to accelerate innovation.
  • Skild, a web platform, helps businesses create competitions for community unification in health, education, and science and technology.
  • Spigit was founded to help companies unleash the power of their employees, partners, and customers to drive innovation.
  • WizeHive allows businesses to configure and deploy cloud-based solutions that help them organize, automate and streamline their activities.

Offices/Locations (2)

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  • London Office

    57 Gloucester Place

    London, England W1U 8JJ

    United Kingdom

  • Headquarters

    245 Winter St

    2nd Floor

    Waltham, MA 02451

    USA

Images (2)

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