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COMPUTER HARDWARE & SERVICES | IT Services / Infrastructure & Hosting

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Founded Year

1998

Stage

Acquired | Acquired

Total Raised

$49.83M

About Rapt

Rapt is a provider of pricing and profitability management solutions. These solutions help companies achieve and sustain profit and growth objectives through the deployment of intellectual property-rich software and advisory services. Rapt software, based on Rapt's proprietary analytic engine technology, enables companies to optimize and manage pricing strategies, while Rapt's advisory services help companies design and implement best-practice processes across their organization.

Rapt Headquarter Location

625 2nd Street 2nd Floor

San Francisco, California, 94107,

United States

415-284-7400

Latest Rapt News

Receiver put into Dublin tech firm Rapt by Desmond

Aug 29, 2020

An investment vehicle controlled by billionaire financier Dermot Desmond has had a receiver appointed to Dublin tech firm Rapt Touch, which was co-founded by entrepreneur Gerry Giblin. Mr Desmond's Netherlands-based Bottin International made up to a €4m loan available to the touchscreen technology developer in 2018. The latest set of publicly available accounts for Rapt Holdings show it had racked up losses of €34.7m by the end of 2017. No accounts have been filed by the firm at the Companies Registration Office since then. Neither Mr Giblin nor Rapt co-founder Owen Drumm were contactable yesterday. Bottin has appointed Shane McCarthy of KPMG as receiver and manager of Rapt Mr McCarthy was also uncontactable yesterday. Rapt was founded in 2008 and develops software that provides enhanced touchscreen capabilities. Its technology is primarily aimed at corporate and education sectors. Mr Desmond is also an equity investor in the business, alongside other backers including Enterprise Ireland, M3 Ventures, Cyprus Venture Fund and the Ulster Bank Diageo Venture Fund. The 2017 accounts for Rapt Holdings show that it made an €8.5m loss that year. Turnover for the year was €3.2m, which was just more than double that generated in 2016. It was all generated in the United States. Its operating loss was €3.1m in 2017, but it also incurred a €5.3m net interest expense on top of that. The company employed about 43 people at the end of 2017. The accounts also note that after the year end, it had received additional funding from investors in the form of loan facilities. Company filings for Rapt indicate that Bottin has a charge over a swathe of assets at the tech company, from property to patents and licences. The difficulties at Rapt come as Mr Desmond is also bankrolling troubled Irish travel software firm Datalex. Mr Desmond has provided Datalex with a €21m debt lifeline and owns just under 30pc of the business. Datalex was hit by an accounting scandal last year, and has been hammered by the impact of the Covid pandemic. Its software is used by airlines to help them leverage revenue from passengers. Mr Desmond also recently agreed to provide an additional $75m (€63m) in support to Canadian miner Mountain Province Diamonds (MPD), in which he has a 32pc stake, as the pandemic plays havoc with its business. A company owned by Mr Desmond will buy a total of $100m in diamonds from MPD and the billionaire has also assumed $25m in debt owed by MPD. Irish Independent Most Read

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Expert Collections containing Rapt

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Rapt is included in 1 Expert Collection, including Smart Money VCs (2017-2019).

S

Smart Money VCs (2017-2019)

6,297 items

We crunched the data to identify the 24 VC firms with the best combination of portfolio valuations and investment outcomes.

Rapt Patents

Rapt has filed 55 patents.

The 3 most popular patent topics include:

  • Transistor types
  • Optical devices
  • Microwave technology
patents chart

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Grant Date

Title

Related Topics

Status

11/18/2019

7/6/2021

Sensors, Microwave technology, Electrical signal connectors, Optical devices, Nanotechnology

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7/6/2021

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Related Topics

Sensors, Microwave technology, Electrical signal connectors, Optical devices, Nanotechnology

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