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Eka - About the company

Eka is an acquired company based in Norwalk (United States), founded in 2004 by Manav Garg. It operates as an AI powered procurement management and analytics solutions. Eka has raised $56.8M in funding from investors like Nexus Venture Partners, Silver Lake and GP Group. The company has 1801 active competitors, including 288 funded and 146 that have exited. Its top competitors include companies like Databricks, Palantir and Altair.

Company Details

AI powered procurement management and analytics solutions. The platform integrates data from different sources to provide insights for decision making. It analyzes the historical data to predict the outcomes for the supply chain industry. Its offering include risk analytics, procurement management, management of trading, invoicing, documentation, compliance, finance and logistics, digital twins for warehouse management, tracking for yard management, supply chain visibility, and goods tracking.
Website
eka1.com
Registered Address
New York, New York
Key Metrics
Founded Year
2004
Location
Norwalk, United States
Stage
Acquired
Total Funding
$56.8M in 3 rounds
Latest Funding Round
Ranked
Employee Count
339 as on Apr 30, 2026
Investment & Acquisitions
Similar Companies
Exit Details
Acquired by STG (Apr 08, 2024)

Eka's acquisition details

Eka got acquired by STG on Apr 08, 2024.
Click here to take a look at Eka's acquisition in detail
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Eka's funding and investors

Eka has raised a total funding of $56.8M over 3 rounds. Its first funding round was on 2005. Its latest funding round was a Series C round on Oct 15, 2013 for $*****. 2 investors participated in its latest round. Eka has 3 institutional investors.

Here is the list of recent funding rounds of Eka:
Date of Funding
Funding Amount
Round Name
Post-Money Valuation
Revenue Multiple
Lead Investors
Other Investors
Oct 15, 2013
8405432
Series C
9019556
1340200
5940581
3029187
Oct 07, 2009
4363840
Series B
7239789
9371209
6570771
1532574
2005
6978
Series A
5822
2587
9009
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Eka's founders and board of directors

Founder? Claim Profile
The founders of Eka is Manav Garg. Manav Garg is the CEO of Eka.
Here are the details of Eka's key team members:

Eka's employee count trend

Eka has 339 employees as of Apr 26. Here is Eka's employee count trend over the years:
Employee count trend for Eka
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Eka's Competitors and alternates

Top competitors of Eka include Databricks, Palantir and Altair. Here is the list of Top 10 competitors of Eka, ranked by Tracxn score:
Rank
Company Details
Short Description
Total Funding
Investors
Tracxn Score
1st
Logo for Databricks
Databricks
2013, San Francisco (United States), Series K
Provider of a unified platform for data analytics and artificial intelligence
$20.2B
83/100
2nd
Logo for Palantir
Palantir
2003, Denver (United States), Public
Platform that provides data analysis and management solutions
$2.46B
83/100
3rd
Logo for Altair
Altair
1985, Troy (United States), Acquired
Provider of enterprise software for simulation, data analytics, AI, and HPC
$35.1M
82/100
4th
Logo for Blue Yonder
Blue Yonder
1985, Scottsdale (United States), Acquired
Provider of cloud-based supply chain management, planning, and execution solutions
$800M
77/100
5th
Logo for Anaplan
Anaplan
2006, San Francisco (United States), Acquired
Provider of cloud-based platform for scenario planning, analysis, and reporting
$300M
77/100
6th
Logo for C3 AI
C3 AI
2009, Redwood City (United States), Public
Cloud based AI application development platform
$481M
71/100
7th
Logo for Virtualitics
Virtualitics
2016, Pasadena (United States), Series C
AI-driven platforms and applications for data analysis and optimization
$73.8M
70/100
8th
Logo for ThoughtSpot
ThoughtSpot
2012, San Jose (United States), Series F
Provider of an agentic analytics platform delivering insights from various data
$674M
70/100
9th
Logo for GoodData
GoodData
2007, San Francisco (United States), Series E
Provider of a data intelligence platform for building agentic applications
$125M
70/100
10th
Logo for Manhattan Associates
Manhattan Associates
1990, Atlanta (United States), Public
Developer of software solutions for retail, supply chain, and related industries
-
67/100
77th
Logo for Eka
Eka
2004, Norwalk (United States), Acquired
AI powered procurement management and analytics solutions
$56.8M
52/100
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Eka's Investments and acquisitions

Eka has made 1 investments in companies including MatrixGroup. Eka has also acquired 3 companies including Trxiea and Matrix Group.
Here is the list of investments & acquisitions:
Date of Investment/Acquisition
Type
Company Name
Founded Year
Location
Jun 23, 2021
Acquisition
2018
Bengaluru (India)
Jul 16, 2013
Investments
2000
Adelaide (Australia)
Jul 16, 2013
Acquisition
2023
Newington (Australia)
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News related to Eka

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EKA Introduces its First Electric Bus 'EKA E9'Digital TerminalApr 06, 2022Eka
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