When was Olares founded?

Olares was founded in 2024 and raised its 1st funding round 1 year after it was founded.

Where is Olares located?

Olares is headquartered in Singapore, Singapore.

How many employees does Olares have?

As of Aug 31, 2026, the latest employee count at Olares is 6.

Is Olares a funded company?

Olares is a funded company, having raised a total of $***** in its 1st and only funding round, a Series A round on Nov 10, 2025.

When was the latest funding round of Olares?

Olares' latest funding was a $***** Series A round on Nov 10, 2025, with participation from 1 investor. Its primary sector is Edge Computing. Globally, the Edge Computing sector has seen $1.62B in funding in 2026 to date.

Where does Olares rank among its competitors?

Olares ranks 4th amongst 23 active competitors, of which 4 are funded. It stands 1st in terms of total funding among its competitors. The most recent competitor to raise funding was Olares, which secured $45M in Nov, 2025.

Who are the top competitors of Olares?

Olares' top competitors include Kontron, IGEL Technology and Aetheros. Among them, Olares secured the most recent funding round in November, 2025.

Olares - 2026 Company Profile, Team, Funding & Competitors

Company Details

Developer of open-source personal cloud OS for local AI management. It is an open-source personal cloud operating system focused on local AI, private data ownership, and self-hosted services. Its ecosystem includes Olares OS, Olares ID, and LarePass for cross-platform access and device management.

Website: www.olares.com/
Social

Key Metrics

Founded Year

2024

Location

Singapore, Singapore

Stage

Series A

Total Funding

$45M in 1 round

Latest Funding Round

Series A, Nov 10, 2025, $*****

Investors

SIG

Ranked

4^th among 23 active competitors

Employee Count

6 as on Aug 31, 2026

Similar Companies

Kontron & 22 more

View Olares' full profile

Olares has raised a total funding of $45M over 1 round. Its latest funding round was a Series A round on Nov 10, 2025 for $*****. 1 investor participated in its latest round. Olares has 1 institutional investor.

Here is the list of recent funding rounds of Olares:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Nov 10, 2025	2470788	Series A	5163236	7429426	5727399	6805927

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View details of Olares's funding rounds and investors

The founders of Olares is Peng Peng.

Here are the details of Olares' key team members:

Peng Peng: Founder of Olares.
Contact Info: 1 email address

View details of Olares's Founder profiles and Board Members

Olares' employee count trend

Olares has 6 employees as of Aug 26. Here is Olares's employee count trend over the years:

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Top competitors of Olares include Kontron, IGEL Technology and Aetheros. Here is the list of Top 10 competitors of Olares, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Kontron 1959, Ismaning (Germany), Public	Developer of embedded computing platforms	$34.6M	Warburg Pincus, BC Partners & 3 others	68/100
2nd	IGEL Technology 2001, Bremen (Germany), Acquired	Developer of endpoint operating system designed for secure cloud workspaces	-	Melchers	51/100
3rd	Aetheros 2006, San Francisco (United States), Series A	Provider of an IoT operating system	$6.75M	Catamount Ventures, Intel Capital	40/100
4th	Olares 2024, Singapore (Singapore), Series A	Developer of open-source personal cloud OS for local AI management	$45M	SIG	38/100
5th	ZETIC.ai 2024, Seoul (South Korea), Seed	Platform offering pipelines for serverless AI systems	-	TheVentures, Korea Investment Accelerator	27/100
6th	HyperPanel 1986, Saclay (France), Unfunded	Provider of hyper panel OS suite solutions	-	-	26/100
7th	The Toss Project 2026, Unfunded	Developer of operating system firmware for controlling sensors via agents	-	-	22/100
8th	Global Storm 2023, Warsaw (Poland), Unfunded	Provider of cloud managed edge operating systems for industrial hardware	-	-	16/100
9th	Noryx 2026, Unfunded	Developer of an artificial intelligence native computer operating system	-	-	16/100
10th	Manji AI San Francisco (United States), Unfunded	Developer of an operating system enabling artificial intelligence interface control	-	-	16/100