Banyan Technology
2024 Revenue
$5.8M(Est.)
Customers
35K
Funding
$8M
Avg ACV
$165
Team
58
Founded
2001
How Banyan Technology CEO Brian Smith grew to $5.8M revenue and 35K customers in 2024.
Developer of logistics management platform intended to be used for transportation management. The company's platform facilitates seamless integration of live carrier connections into business, enabling clients to see quotes directly from each of carriers on every shipment and compare quotes easily.
Last updated
Banyan Technology Revenue
In 2024, Banyan Technology's revenue reached $5.8M. The company previously reported $3.5M in 2023. Since its launch in 2001, Banyan Technology has shown consistent revenue growth.
| Year | Milestone | Source |
|---|---|---|
| 2024 | Banyan Technology Hit $5.8m revenue in October 2024 | Estimated |
| 2023 | Banyan Technology Hit $3.5m revenue in December 2023 | Estimated |
| 2021 | Banyan Technology Hit $3.6m revenue in April 2021 | |
| 2001 | Launched with $0 revenue |
Banyan Technology Valuation, Funding Rounds
Banyan Technology has not publicly disclosed its valuation. The company has raised $8M in total funding to date.
Banyan Technology has raised $8M in total funding across 3 rounds, with its most recent round in 2017.
| Year | Round | Amount | Valuation | % Sold | Source |
|---|---|---|---|---|---|
| 2017 | Funding round | $7M | - | - | |
| 2007 | Funding round | $600K | - | - | |
| 2006 | Funding round | $350K | - | - |
Founders
Lynn Caldwell
Chief Strategy Officer (CSO)
Lynn Caldwell is listed as Chief Strategy Officer (CSO) at Banyan Technology.
Rick Chappel
Chief Operating Officer
Rick Chappel is listed as Chief Operating Officer at Banyan Technology.
Q&A
| Question | Answer |
|---|---|
| What's your age? | - |
| Favorite online tool? | - |
| Favorite book? | - |
| Favorite CEO? | - |
| Advice for 20 year old self | - |
Customers
Banyan Technology serves 35K customers.
Banyan Technology Employees & Team Size
Banyan Technology employs approximately 58 people as of 2026, up from 52 in 2023. It serves 35K customers that rely on its solutions.
| Year | Milestone | Source |
|---|---|---|
| 2024 | Reached 58 employees (December 2024) | |
| 2024 | Reached 60 employees (October 2024) | |
| 2023 | Reached 52 employees (December 2023) | |
| 2022 | Reached 58 employees (December 2022) | |
| 2021 | Reached 64 employees (December 2021) | |
| 2021 | Reached 54 employees (April 2021) |
Frequently Asked Questions about Banyan Technology
What is Banyan Technology's revenue?
Banyan Technology generates an estimated $5.8M in annual revenue.
Who is the CEO of Banyan Technology?
The CEO of Banyan Technology is Brian Smith.
How much funding does Banyan Technology have?
Banyan Technology raised $8M across 3 rounds.
How many employees does Banyan Technology have?
Banyan Technology has 58 employees.
Where is Banyan Technology headquarters?
Banyan Technology is headquartered in Westlake, Ohio, United States.
Compare Banyan Technology to the industry
Banyan Technology operates across multiple industries. Browse revenue, funding, and growth data for Banyan Technology 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.
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