Ideawake
Valuation
$2M
2024 Revenue
$672.8K
Funding
$2.2M
YOY
13.5%
Team
5
Founded
2013
How Ideawake CEO Coby Skonord grew Ideawake to $672.8K revenue with a 5 person team in 2024.
Provider of a cloud-based innovation management platform designed to transform employee ideas into repeatable growth. The company's platform solicit and crowdsource ideas of employees, customers and vendors, evaluates and select the best ideas and manages the implementation of those ideas, enabling brands to boost employee engagement and accelerate the process of collecting and implementing new ideas from inside and outside of organizational boundaries.
Last updated
Ideawake Revenue
In 2024, Ideawake's revenue reached $672.8K. The company previously reported $592.6K in 2023. Since its launch in 2013, Ideawake has shown consistent revenue growth.
| Year | Milestone |
|---|---|
| 2024 | Ideawake Hit $672.8k revenue in October 2024 |
| 2023 | Ideawake Hit $592.6k revenue in October 2023 |
| 2021 | Ideawake Hit $595k revenue in April 2021 |
| 2013 | Launched with $0 revenue |
Ideawake Valuation, Funding Rounds
Ideawake's most recent disclosed valuation is $2M.
Ideawake has raised $2.2M in total funding across 7 rounds, most recently a $1M Seed Round round in 2022.
| Year | Round | Amount | Valuation | % Sold |
|---|---|---|---|---|
| 2022 | Seed Round | $1M | - | - |
| 2019 | Seed Round | $780K | - | - |
| 2018 | Seed Round | $75K | - | - |
| 2018 | Seed Round | $100K | - | - |
| 2018 | Seed Round | $50K | - | - |
| 2017 | Seed Round | $140K | - | - |
| 2014 | Pre Seed Round | $100K | - | - |
Ideawake Employees & Team Size
Ideawake employs approximately 5 people as of 2026.
Ideawake has 5 total employees in different roles and functions.
| Year | Milestone |
|---|---|
| 2024 | Reached 5 employees (October 2024) |
| 2023 | Reached 5 employees (October 2023) |
| 2022 | Reached 6 employees (October 2022) |
| 2022 | Reached 7 employees (February 2022) |
| 2021 | Reached 6 employees (December 2021) |
| 2021 | Reached 7 employees (April 2021) |
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 Ideawake yet.
Frequently Asked Questions about Ideawake
What is Ideawake's revenue?
Ideawake generates $672.8K in revenue.
Who founded Ideawake?
Ideawake was founded by Coby Skonord.
Who is the CEO of Ideawake?
The CEO of Ideawake is Coby Skonord.
How much funding does Ideawake have?
Ideawake raised $2.2M.
How many employees does Ideawake have?
Ideawake has 5 employees.
Where is Ideawake headquarters?
Ideawake is headquartered in Milwaukee, Wisconsin, United States.
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We merged the IoT & AI SYSTEM ENABLER and DESIGN HOUSE view, creating a unique positioning to enable private and public clients ’cross industries to deploy IoT, AI & 5G solutions in a reliable way, “Out of the Box”. Regrouping multiple expertise – IoT, Cloud technologies, Mass data, AI, ML, Security, NG telco networks incl. 5G & xPON, automatization - our offer is unique! From idea generation, over fast prototypes, POCs’, followed by large implementations using X-BRAiN as a Connectivity, Mass-data and AI Accelerator incl. NEF-SCEF 5G integration. X-CITE is official Google Cloud partner. Our aim is to build a library of +200 AI & 5G use cases covering the most essential verticals, allowing our multi-disciplinary teams together with customers to rapidly formulate ideas or use-cases and implement them in X-BRAiN with low TTM. X-BRAiN uses ML and AI algorithms to address IoT and its associated problems, all available in a subscription model. Our Foundational Technology Platform is blockchain enabled. Learn more on www.x-brain.io Our offer includes a growing Edge hardware portfolio integr. with X-BRAiN and available in subscription model. It includes a world first advanced 5G Google Coral Module which can be mounted straight on devices including Drones; modular 4G LTE Cat. M1/Cat. NB2/EGPRS & GNSS high-speed Tracker and environmental Sensor, NB1/NB2 and M1 cellular LPWAN vehicle and health tracker. We are accelerating our move to a Digital Business Platform model and open-up X-BRAiN to developers that can make more of the data, assets, and services available – Become part of our “Firestarters” developer community. We design and build your future IoT, AI, 5G and circular economy strategy and products. X-CITE is headquartered in Luxembourg, with offices in Munich and Belgrade and strong links to UK.
Compare Ideawake to the industry
Ideawake operates across multiple industries. Browse revenue, funding, and growth data for Ideawake in each sector below.
Source Attribution
Source: all data was collected from GetLatka company research and founder interviews. Revenue, funding, team, and customer figures are presented as company-reported or GetLatka-estimated metrics where the profile data identifies them that way.
Company data last updated .