Allocate, founded in 2016, is revolutionizing the way client facing professionals handle the arduous task of logging billable hours. Using AI and machine learning, the company aims to transform this laborious duty into a seamless and enjoyable experience. Furthermore, Allocate provides valuable insights by leveraging the data collected, enabling intelligent project forecasting, management, and staffing.
Supported by prominent investors including Pear Ventures and individuals such as Steve Blank, a key figure in the lean startup movement, Jeff Epstein, former CFO of Oracle and DoubleClick, and Tom Bedecarre, Chairman and Co-Founder of AKQA, Allocate operates from its headquarters in San Francisco, California. The company's last investment, in the form of a Convertible Note, was made on 01 September 2016, with PearX as the investor.
| Funding Stage | Amount | No. Investors | Investors | Date |
|---|---|---|---|---|
| Convertible Note | Unknown | 1 | PearX | 01 Sep 2016 |
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