When was Substrate founded?

Substrate was founded in 2023 and raised its 1st funding round 1 year after it was founded.

Where is Substrate located?

Substrate is headquartered in New York City, United States.

Who is the current CEO of Substrate?

Rob Cheung of Substrate. They have also founded 1 company.

How many employees does Substrate have?

As of Mar 31, 2026, the latest employee count at Substrate is 35.

Is Substrate a funded company?

Substrate is a funded company, having raised a total of $***** in its 1st and only funding round, a Seed round on Jun 20, 2024.

When was the latest funding round of Substrate?

Substrate's latest funding was a $***** Seed round on Jun 20, 2024, with participation from 6 investors. Its primary sector is Application Development Tools. In United States, the Application Development Tools sector has seen $2.6B in funding in 2026 to date.

Where does Substrate rank among its competitors?

Substrate ranks 3rd amongst 64 active competitors, of which 9 are funded. It stands 3rd in terms of total funding among its competitors. The most recent competitor to raise funding was Savant Labs, which secured $18.5M in Dec, 2024.

Who are the top competitors of Substrate?

Substrate's top competitors include Savant Labs, IFTTT and Aviator. Among them, Savant Labs secured the most recent funding round in December, 2024.

Substrate - 2026 Company Profile, Team, Funding & Competitors

Company Details

Developer of a platform for building and running multi-step AI workloads. The platform provides abstractions and components such as optimized models, vector database, and code interpreter. It analyzes workloads as directed acyclic graphs, optimizing them for maximum parallelism. The platform allows users to connect modular building blocks to create workflows.

Website: www.substrate.run/
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Key Metrics

Founded Year

2023

Location

New York City, United States

Stage

Seed

Total Funding

$8M in 1 round

Latest Funding Round

Seed, Jun 20, 2024, $*****

Investors

Lightspeed Venture Partners & 5 more

Ranked

3^rd among 64 active competitors

Employee Count

35 as on Mar 31, 2026

Similar Companies

Vercel & 1576 more

View Substrate's full profile

Substrate has raised a total funding of $8M over 1 round. Its latest funding round was a Seed round on Jun 20, 2024 for $*****. 6 investors participated in its latest round. Substrate has 3 institutional investors and 3 angel investors.

Here is the list of recent funding rounds of Substrate:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jun 20, 2024	1903251	Seed	2655801	7377754	2843211	6932853

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View details of Substrate's funding rounds and investors

The founders of Substrate are Ben Guo and Rob Cheung. Rob Cheung is the CEO of Substrate.

Here are the details of Substrate's key team members:

Ben Guo: Co-Founder of Substrate.
Contact Info: 1 email address
Rob Cheung: Co-Founder & CEO of Substrate.
Contact Info: 1 email address

View details of Substrate's Founder profiles and Board Members

Substrate's employee count trend

Substrate has 35 employees as of Mar 26. Here is Substrate's employee count trend over the years:

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Top competitors of Substrate include Savant Labs, IFTTT and Aviator. Here is the list of Top 10 competitors of Substrate, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Savant Labs 2021, San Carlos (United States), Series A	Provider of an automation platform for business analytics with agentic AI	$29.5M	Dell Technologies Capital, Cota Capital & 7 others	61/100
2nd	IFTTT 2010, San Francisco (United States), Series C	Conditional workflows for integrating applications and devices	$63M	Salesforce Ventures, Norwest & 26 others	52/100
3rd	Substrate 2023, New York City (United States), Seed	Developer of a platform for building and running multi-step AI workloads	$8M	Craft Ventures, Lightspeed Venture Partners ... & 4 others	44/100
4th	Aviator 2021, San Francisco (United States), Funding Raised	Platform offering workflow automation software	-	Uncommon Capital, Alumni Ventures & 1 others	44/100
5th	Redactive 2023, Melbourne (Australia), Seed	Developer of generative AI applications	$7.5M	Felicis Ventures, Blackbird Ventures & 2 others	43/100
6th	Raftt 2021, Tel Aviv (Israel), Acquired	Platform offering workflow automation software	$5M	Aleph, Cardumen Capital & 2 others	42/100
7th	Zeev 1995, Sao Paulo (Brazil), Acquired	Platform offering conditional workflow solution	-	-	42/100
8th	Strada San Francisco (United States), Funding Raised	Cloud based workflow automation platform	-	Y Combinator, Blank Ventures	36/100
9th	Trigger 2022, London (United Kingdom), Seed	Platform offering workflow automation solution	$3.5M	Y Combinator, Eight Capital Management & 7 others	36/100
10th	YepCode 2021, Oleiros (Spain), Acquired	Provider of automation tools for application developers	-	-	35/100