How Much Did OpenArc Raise?
Funding & Key Investors

OpenArc has secured significant enterprise-level funding, with the total capital raised standing at $2.9M. This latest round, characterized as a major strategic investment, adds to the company's financial momentum, building upon previous capital injections. The recent funding event underscores the company's ongoing growth trajectory and its strategic importance within its market sector.

What is OpenArc?

OpenArc
Business ServicesSoftware TestingHuman Resources Management Systems (HRMS)

OpenArc is a Pittsburgh-based firm specializing in custom software development and technical staffing. The company is committed to delivering innovative solutions and exceptional results by building bespoke software products and providing essential staffing and recruiting services. Driven by a dual passion for people and technology, OpenArc aims to unlock the full potential of its clients, serving a diverse clientele seeking tailored software solutions and skilled technical personnel. Their expertise spans both product creation and team augmentation.

How much funding has OpenArc raised?

OpenArc has raised a total of $2.9M across 2 funding rounds:

2020

Debt

$1M

2021

Debt

$1.9M

Debt (2020): $1M with participation from PPP

Debt (2021): $1.9M led by PPP

Key Investors in OpenArc

PPP

Public-Private Partnership

PPP

Public-Private Partnership

What's next for OpenArc?

The recent major strategic investment positions OpenArc for accelerated expansion and enhanced service delivery. This infusion of capital is expected to fuel further development of their custom software solutions and bolster their technical staffing capabilities. The company is likely to leverage this backing to deepen its market penetration, explore new technological frontiers, and potentially scale its operations to meet increasing enterprise demand. Strategic partnerships and talent acquisition will be key areas of focus as OpenArc continues its growth narrative.

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Frequently Asked Questions Regarding OpenArc Financial Insights

What are the most recent funding rounds that OpenArc has completed, and what were the funding rounds?
OpenArc has recently completed 2 funding rounds: Debt on Mar 31, 2021, Debt on Apr 11, 2020.
What is the total amount of funding OpenArc has raised to date?
OpenArc has raised a total of $2.9M in funding to date.
How many funding rounds has OpenArc completed?
OpenArc has completed 2 funding rounds.
How much funding did OpenArc raise in its most recent funding round?
OpenArc raised $1.9M in its most recent funding round.
Who are the lead investors in OpenArc's latest funding round?
The lead investor in OpenArc's latest funding round was PPP. To access investor data and explore similar companies, sign up for ZoomInfo.
Which was the largest funding round in OpenArc's history?
The largest funding round in OpenArc's history was $1.9M.
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