Socotra
33 New Montgomery St, San Francisco, California, United States
How Socotra hit $20.1M revenue with a 169 person team in 2023.
Socotra is owned by a company called "Socotra Technology, Inc.," which is based in San Francisco, California, USA. Socotra Technology, Inc. is a software company that provides a cloud-based platform for insurance companies. The company's platform offers a range of services, including policy management, claims handling, underwriting, and billing. The platform is built on a modern technology stack, leveraging machine learning and artificial intelligence to provide insurers with the flexibility and agility they need to keep up with changing market demands. Socotra's platform is designed to be highly configurable, allowing insurers to quickly and easily create and launch new insurance products, without the need for extensive coding or IT support. The company is known for its innovative approach to insurance technology, and has received several industry awards for its platform.
2014
Founded
$20.1M
2023 Revenue
-0.27%
YOY
$93.9M
Funding
Socotra Revenue
In 2023, Socotra revenue run rate hit $20.1M in revenue.
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2023
Socotra hit $20.1M in revenue in 2023
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2022
Socotra hit $20.2M in revenue in 2022
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2022
Socotra hit $20.2M in revenue in 2022
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2021
Socotra hit $8.2M in revenue in 2021
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2021
Socotra hit $8.2M in revenue in 2021
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2014
Socotra launched in 2014 with $0 revenue
Socotra Funding History
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2022 Series C
Socotra raised a Series C of in March, 2022
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2021 Venture Round
Socotra raised a Venture Round of in January, 2021
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2020 Series B
Socotra raised a Series B of in January, 2020
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2019 Series A
Socotra raised a Series A of in February, 2019
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2018 Series A
Socotra raised a Series A of in September, 2018
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2014 Seed Round
Socotra raised a Seed Round of in September, 2014
| FUNDING DATE | ROUND | AMOUNT | VALUATION |
|---|---|---|---|
| March, 14 2022 | Series C | ||
| January, 15 2021 | Venture Round | ||
| January, 23 2020 | Series B | ||
| February, 13 2019 | Series A | ||
| September, 24 2018 | Series A | ||
| September, 22 2014 | Seed Round |
Team
Socotra has 169 total employees and 15 sales reps that carry a quota. an engineering team of 47 and a marketing team of 5.
| DISTRIBUTION | QTY |
|---|---|
| Total team size | 169 |
| Engineer | 47 (28%) |
| Sales | 15 (9%) |
| Marketing | 5 (3%) |
Founder / CEO
Dan Woods
Dan Woods is the founder and CEO of Socotra, the first modern, cloud-based platform for technology-driven insurers. Before Socotra, Dan did IT investing and portfolio management for Formation 8 Partners (now 8VC), where he specialized in data platforms and smart enterprise software. Prior to that, Dan’s depth of enterprise experience was honed over his six years with Palantir. There, Dan was an early member of the core engineering team and later transitioned to run Palantir’s partnerships, plus several deployments. He holds a MS in Computer Science from Stanford.
Q&A
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What's your age?
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Advice for 20 year old self
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Customers
Churn
Socotra Executives
| Name | Position | Working Email | Personal Email |
|---|---|---|---|
| Dan Woods | CEO | [email protected] | - |
Socotra Employees
| Name | Position | Working Email | Personal Email |
|---|---|---|---|
| Dan Woods | CEO | [email protected] | - |
Socotra Board of Directors
| Name | Position | Working Email | Personal Email |
|---|---|---|---|
| Joseph Lonsdale | Board Member | [email protected] | - |
| Adam Felesky | Board Director | [email protected] | - |
| John Kim | Board Member | [email protected] | - |
Frequently Asked Questions about Socotra
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When was Socotra founded?
Socotra was founded in 2014.
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How much revenue does Socotra generate?
Socotra generates $20.1M in revenue.
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Who is the CEO of Socotra
The CEO of Socotra is Dan Woods.
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How much funding does Socotra have?
Socotra raised $93.9M.
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How many employees does Socotra have?
Socotra has 169 employees.
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Where is Socotra headquarters?
Socotra is headquartered at 33 New Montgomery St, San Francisco, California, United States
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