Valuation
$34.8M
2024 Revenue
$11.6M
Funding
$0
Team
106
Founded
2006
How Charles IT CEO Foster Charles grew to $11.6M revenue with a 106 person team in 2024.
Firm offering business-to-business IT and cybersecurity services: vulnerability assessments, encryption, backup and recovery, cloud, VoIP and more
Last updated
Charles IT Revenue
In 2024, Charles IT's revenue reached $11.6M. Since its launch in 2006, Charles IT has shown consistent revenue growth.
| Year | Milestone | Quote |
|---|---|---|
| 2024 | Charles IT Hit $11.6m revenue in November 2024 | |
| 2006 | Launched with $0 revenue |
Charles IT Valuation, Funding Rounds
Charles IT's most recent disclosed valuation is $34.8M.
| Year | Round | Amount | Valuation | % Sold | Quote |
|---|
Founder / CEO
Q&A
| Question | Answer |
|---|---|
| What's your age? | - |
| Favorite online tool? | - |
| Favorite book? | - |
| Favorite CEO? | - |
| Advice for 20 year old self | - |
Customers
We do not have customer count information for Charles IT yet.
Charles IT Employees & Team Size
Charles IT employs approximately 106 people as of 2026.
| Year | Milestone |
|---|---|
| 2024 | Reached 106 employees (December 2024) |
| 2024 | Reached 106 employees (November 2024) |
Frequently Asked Questions about Charles IT
What is Charles IT's revenue?
Charles IT generates $11.6M in revenue.
Who founded Charles IT?
Charles IT was founded by Foster Charles.
Who is the CEO of Charles IT?
The CEO of Charles IT is Foster Charles.
How much funding does Charles IT have?
Charles IT raised $0.
How many employees does Charles IT have?
Charles IT has 106 employees.
Where is Charles IT headquarters?
Charles IT is headquartered in Middletown, Connecticut, United States.
Compare Charles IT to the industry
Charles IT operates across multiple industries. Browse revenue, funding, and growth data for Charles IT in each sector below.
Data and Sources
All figures on this page are taken directly from interviews or are estimates from public sources and proprietary models. Not financial advice. Read full disclaimer.
Claim this profilePeople Also Viewed

Paligo
Paligo, headquartered in Sweden and founded in 2020, is a Component Content Management System (CCMS) that enables enterprise technical writers to create, reuse, and publish structured documentation across 30-plus integration points, including Zendesk and Intercom. The company is led by CEO Rahul Yadav, who joined in December 2025 after serving as CTO at Milestone Systems (Canon Group) and Chief Technology and Digital Officer at TV2 Denmark. The original co-founders, Anas and Frank, remain involved as a board member and an engineering architect, respectively. Ownership is split roughly equally among the founder group, Stockholm-based B2B SaaS private equity firm Alvin and Rickson, and Grow Capital from Copenhagen, which led a $29M Series A in April 2023. Paligo grew from $2.2M in revenue in 2020 to $11.3M in 2024, then added another 11% to reach $12.5M in 2025. The company serves approximately 500 enterprise customers across 38 countries, with deal sizes ranging from $25K to $150K per year. As of the latest data, Paligo has 90 employees and a valuation of $37.5M. Yadav is targeting 18 to 20% ARR growth in 2026, with significantly higher ambitions for 2027 and beyond. The single most important strategic inflection point is Paligo's pivot from a structured authoring tool to what Yadav calls an AI-native structured truth platform. The company has accumulated more than 3 billion governed, semantically rich words and approximately 1.5 million reusable content components in DocBook XML, which Yadav argues is the largest such dataset in regulated industries like medtech and manufacturing. Rather than bolting AI features onto its existing product, Paligo is building end-to-end ingestion-to-consumption infrastructure designed to ground enterprise AI agents in verified structured content, a category Yadav says no competitor has yet defined.

Bevywise Networks
An end to end product & solution provider for your IoT & IIoT requriement. MQTT Broker, IoT Simulator and IoT Platform are the key products.

Smartfrog & Canary
Smartfrog is a camera that lets users see what's happening in any place, at any time.

Ecosystems.io
Unlocking Potential, Powering Progress: Vivienne AI - Where Innovation Meets Intelligence!

Astra Security
Astra Security is a privately held U.S. & India based cyber security company. Backed by Techstars, Astra offers a Pentest Platform that helps organizations become proactively secure. The Pentest Platform uncovers more than 30,000+ vulnerabilities for its customers every month, saving its customers millions of dollars in potential loss and thousands of developer hours. The company has earned several accolades including ‘The Most Innovative Security Company’ by Prime Minister Narendra Modi at the Global Conference on Cyber Security (2017), one of the top 50 emerging cybersecurity companies at ‘Emerge 50’ by NASSCOM, the French Tech Ticket under which Astra Security got rewarded by the President of France under the La French Tech program. In 2021, Astra Security was also named as a CyberTech100 company. Astra is a trusted security partner to some of the well-known brands like Muthoot Finance, NIIT, Goldcast, ITC & more. Our flagship product, ASTRA, brings together an extensive feature set of manual/automated penetration testing tools, while performing a comprehensive vulnerability assessment and proactively responds to threats.

Cryptio.co
85 associated members


