Merit
Financials
Estimates*
USD | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
---|---|---|---|---|---|---|
Revenues | 1.3m | 4.3m | 9.3m | 13.6m | 28.8m | 42.0m |
% growth | - | 236 % | 115 % | 47 % | 112 % | 46 % |
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
N/A | $525k | Debt | |
$4.4m | Seed | ||
$9.0m | Late VC | ||
N/A | $15.1m | Series A | |
N/A | - | ||
* | $50.0m | Series B | |
Total Funding | CAD107m |
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Recent News about Merit
EditMerits.com is a technology startup that specializes in providing software solutions to large-scale government programs. The company's primary market is the public sector, specifically state service agencies, workforce agencies, and emergency response teams.
Merits.com's business model revolves around the provision of a comprehensive software platform that connects systems, orchestrates workflows, and provides powerful analytics. This platform is designed to deliver on unique program requirements with flexible and fast deployment, while upholding the highest level of security and privacy. The company utilizes Snowflake Data Cloud to ensure a seamless, dependable, and scalable solution.
In the event of emergencies, Merits.com's technology and teams are deployed in record time to assist first responders in managing shelters, tracking time and activities, and streamlining reporting. This helps to save lives, stabilize incidents, and recover faster.
For employment agencies, Merits.com's software and dedicated teams connect students and job-seekers with training and in-demand positions quickly. The platform also captures outcome data to improve the impact of programs on economic growth.
The company also assists state service agencies in granting access to life-saving healthcare, streamlining education-enrichment grant management, and issuing career-nurturing achievement credentials.
Merits.com generates revenue through contracts with US states. The company's platform enables real-time verification of individuals' eligibility criteria, data-driven decision making, and automation of workflows. It also ensures that sensitive data stays private and secure, complying with SOC2, HIPAA, and FERPA regulations.
Keywords: Government Software Solutions, Emergency Response Technology, Employment Agency Software, Data Analytics, Workflow Orchestration, Real-Time Verification, Data-Driven Decisions, Secure Platform, Compliance, Scalable Solutions.