When was Platform Solutions founded?

Platform Solutions was founded in 1999 and raised its 1st funding round 8 years after it was founded.

Where is Platform Solutions located?

Platform Solutions is headquartered in Sunnyvale, United States.

How many employees does Platform Solutions have?

As of Jul 31, 2026, the latest employee count at Platform Solutions is 16.

Is Platform Solutions a funded company?

Platform Solutions is a funded company, having raised a total of $***** in its 1st and only funding round, a Series C round on Nov 27, 2007.

When was the latest funding round of Platform Solutions?

Platform Solutions' latest funding was a $***** Series C round on Nov 27, 2007, with participation from 6 investors. Its primary sector is Data Center Infrastructure. In United States, the Data Center Infrastructure sector has seen $13.4B in funding in 2026 to date.

Where does Platform Solutions rank among its competitors?

Platform Solutions ranks 10th amongst 47 active competitors, of which 2 are funded. It stands 4th in terms of total funding among its competitors. The most recent competitor to raise funding was 5C, which secured $605M in Aug, 2026.

Who are the top competitors of Platform Solutions?

Platform Solutions' top competitors include Firmus, 5C and Wiwynn. Among them, 5C secured the most recent funding round in August, 2026.

Platform Solutions - 2026 Company Profile, Funding & Competitors

Company Details

Healthcare procurement platform streamlining purchasing, budgeting, and vendor management. This platform offers a comprehensive solution for healthcare facilities to manage their entire procurement workflow. It provides real-time support and an intuitive, user-friendly interface, eliminating the complexities of traditional procurement processes. The platform integrates budgeting, order management, invoice automation, and approval workflows into a single, streamlined system. It offers features like order guides, vendor integrations, and order tracking, ensuring transparency and efficiency at every step. The platform empowers healthcare operators to manage facility purchasing with automated tools, simplifying budgeting, supply management, and ordering. It is a cloud based SaaS platform that integrates with eMAR systems, automates approvals, and provides detailed reports. Features include login, book a demo, and contact options.

Key Metrics

Founded Year

1999

Location

Sunnyvale, United States

Stage

Acquired

Total Funding

$37M in 1 round

Latest Funding Round

Series C, Nov 27, 2007, $*****

Investors

Western Technology Investment & 6 more

Ranked

10^th among 47 active competitors

Employee Count

16 as on Jul 31, 2026

Similar Companies

Firmus & 54 more

Exit Details

Acquired by IBM (Jul 02, 2008)

View Platform Solutions' full profile

Platform Solutions got acquired by IBM on Jul 02, 2008.

Click here to take a look at Platform Solutions's acquisition in detail

Platform Solutions has raised a total funding of $37M over 1 round. Its latest funding round was a Series C round on Nov 27, 2007 for $*****. 6 investors participated in its latest round. Platform Solutions has 7 institutional investors.

Here is the list of recent funding rounds of Platform Solutions:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Nov 27, 2007	9762657	Series C	1458212	8808547	9973129	2634356

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View details of Platform Solutions's funding rounds and investors

Platform Solutions' employee count trend

Platform Solutions has 16 employees as of Jul 26. Here is Platform Solutions's employee count trend over the years:

Employee count trend for Platform Solutions

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Top competitors of Platform Solutions include Firmus, 5C and Wiwynn. Here is the list of Top 10 competitors of Platform Solutions, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Firmus 2019, Saint Leonards (Australia), Series G	Provider of AI cloud infrastructure with scalable performance and efficient design	$3.05B	Coatue, Ellerston Capital & 6 others	59/100
2nd	5C 2025, Montreal (Canada), Acquired	Provider of AI digital infrastructure, including data centers and cloud services	$835M	Brookfield Asset Management, Deutsche Bank	56/100
3rd	Wiwynn 2012, Taipei (Taiwan), Funding Raised	Computing and storage products and rack solutions for data centers	-	Top Taiwan Venture Capital	52/100
4th	Interplex 1958, Singapore (Singapore), Acquired	Manufacturer of interconnect and mechanical solutions	-	Affirma Capital, CVC & 1 others	51/100
5th	Exxact 1992, Fremont (United States), Unfunded	Provider of integrated computing solutions including hardware, software, and services	-	-	44/100
6th	AMAX 1979, San Francisco (United States), Late Stage	Racks and servers for Data center and cloud	-	General Atlantic	42/100
7th	Silicon Mechanics 2001, Bothell (United States), Acquired	Hardware products and OEM	-	JMC Capital Partners	36/100
8th	RAVE Computer 1988, Sterling Heights (United States), Unfunded	Data center server and storage solutions provider	-	-	36/100
9th	Topspin Communications 2000, San Francisco (United States), Acquired	Server fabric switches for data centers	$67M	Meritech, Redpoint Ventures & 4 others	35/100
10th	Platform Solutions 1999, Sunnyvale (United States), Acquired	Healthcare procurement platform streamlining purchasing, budgeting, and vendor management	$37M	Western Technology Investment, Goldman Sachs ... & 5 others	35/100