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Snap

snap.com

Founded Year

2011

Stage

PIPE | IPO

Total Raised

$2.614B

Market Cap

16.11B

Stock Price

10.35

Revenue

$0000 

About Snap

Snap (NYSE: SNAP) operates Snapchat, an app that allows users to snap a photo or video, add a caption, and send it to a friend or group. Snap was founded in 2011 and is based in Venice, California.

Headquarters Location

2772 Donald Douglas Loop North

Venice, California, 90405,

United States

+1 310 399 3339

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Expert Collections containing Snap

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

Snap is included in 5 Expert Collections, including Conference Exhibitors.

C

Conference Exhibitors

6,062 items

Companies that will be exhibiting at CES 2018

M

Market Research & Consumer Insights

712 items

This collection is comprised of companies using tech to better identify emerging trends and improve product development. It also includes companies helping brands and retailers conduct market research to learn about target shoppers, like their preferences, habits, and behaviors.

C

Customer Service Tech

994 items

Companies offering technology-driven solutions for brands and retailers to enable customer service before, during, and after in-store and online shopping.

E

E-Commerce

241 items

S

Store management tech (In-store retail tech)

301 items

This collection looks at the tech-enabled companies helping brands and retailers promote their products and compel customers to buy.

Snap Patents

Snap has filed 2112 patents.

The 3 most popular patent topics include:

  • Software architecture
  • Social networking services
  • Videotelephony
patents chart

Application Date

Grant Date

Title

Related Topics

Status

3/10/2020

1/24/2023

Wireless networking, Remote desktop, Data synchronization, Data management, Transaction processing

Grant

Application Date

3/10/2020

Grant Date

1/24/2023

Title

Related Topics

Wireless networking, Remote desktop, Data synchronization, Data management, Transaction processing

Status

Grant

Latest Snap News

Snapchat Shocks the Industry with Record-Breaking App Revenue in December

Jan 23, 2023

Snapchat hit a new revenue target in December, generating a record $6.8 million in monthly revenue. This marks a significant increase from the previous month when the app generated an average shift of +12%. According to data from app analytics firm App figures , the majority of this revenue came from in-app purchases, with users spending on virtual items and lenses within the app. The success of Snapchat's in-app purchases can be attributed to the popularity of its lenses and filters. These features have become a staple of the app, with users frequently using them to enhance their photos and videos. Additionally, Snapchat's introduction of gaming features such as its "Snappable" AR games has also been a hit with users, driving in-app purchase revenue. On the advertising front, Snapchat has been able to capitalize on its large and highly engaged user base. The app has been successful in attracting big-name brands to advertise on its platform, with companies such as McDonald's, Coca-Cola, and Samsung all running campaigns on the app. The company has also been focusing on expanding its e-commerce capabilities, by allowing brands to sell products directly to users within the app. This has further contributed to the increase in the app revenue. It's worth noting that these numbers represent only global iOS and Google Play revenue and don't include other platforms such as Amazon Appstore and Samsung Galaxy Store, so the actual revenue generated by the company may be higher. Snapchat's success in generating app revenue is a testament to the company's ability to innovate and adapt to the changing digital landscape. The app's unique features and highly engaged user base have enabled it to attract both users and advertisers, leading to a significant increase in revenue. As the company continues to expand its capabilities and reach, it will likely continue to generate significant revenue in the future. Moreover, Snapchat's success in generating app revenue can also be attributed to its focus on user engagement. The app has been successful in keeping its users highly engaged, with the average user spending over 30 minutes on the app daily. This has been a key factor in attracting both users and advertisers to the platform. Another prime reason for Snapchat's increase in revenue is its ultimate investment in expanding its capabilities, with the launch of new features such as Spotlight and Spotlight Live. Spotlight is a feature that allows users to share their content with a wider audience, while Spotlight Live is a live-streaming feature that allows users to interact with their audience in real-time. Both of these features have been well-received by users and have further contributed to the increase in the app revenue. Snapchat's success in generating app revenue is a positive sign for the company, which has been facing increased competition from other social media platforms. The app's unique features and highly engaged user base have enabled it to differentiate itself from other platforms and continue to attract users and advertisers. In conclusion, in December, Snapchat hit a new app revenue milestone by generating $6.8 million in in-app revenue. This is a significant increase from the previous year when the app generated 12% of positive growth. The significant growth of the company's revenue is a sign of the constant prosperity and long-term growth of Snapchat.

Snap Frequently Asked Questions (FAQ)

  • When was Snap founded?

    Snap was founded in 2011.

  • Where is Snap's headquarters?

    Snap's headquarters is located at 2772 Donald Douglas Loop North, Venice.

  • What is Snap's latest funding round?

    Snap's latest funding round is PIPE.

  • How much did Snap raise?

    Snap raised a total of $2.614B.

  • Who are the investors of Snap?

    Investors of Snap include Alwaleed bin Talal, CapitalG, Morgan Stanley, Institutional Venture Partners, Coatue Management and 31 more.

  • Who are Snap's competitors?

    Competitors of Snap include Obsess, Perfect Corp , Percept Imagery, Stops, Bold Metrics, Hike, PreSize, Wanna, EmbodyMe, Scandit and 54 more.

Compare Snap to Competitors

Wannaby Logo
Wannaby

Wannaby is an AR company animated with the development of computer vision and rendering technologies that allow users to virtually try on different products in augmented reality. The mobile application Wanna Nails, presented by the developers of the company, allows the user to "try on" nail polish, buy them, and experiment with colors, depending on the style, color, and lighting.

P
Poplar

Poplar provides a platform that automatically assembles teams of certified and trusted AR and 3D creators to build immersive digital experiences, such as at home virtual try-on, branded face filters, product visualization and other interactive AR experiences.

O
Obsess

Obsess is an augmented and virtual reality software platform that helps brands and retailers to create mobile Augmented reality (AR), physical world with an overlay of digital elements. Mixed Reality (MR), and Virtual reality (VR) shopping experiences and virtual stores that run on its proprietary 3D commerce cloud platform to establish a virtual reality commerce platform. The company was founded in 2017 and is based in New York, New York.

Scandit Logo
Scandit

Scandit offers smart data capture providing insights and automating end-to-end processes. Its Smart Data Capture platform enables smart devices, such as smartphones, drones, digital eyewear, and robots to interact with physical items by capturing data from barcodes, text, IDs, and objects with speed, accuracy, and intelligence. The company's offerings are used by organizations in retail, transport & logistics, and manufacturing. Scandit was founded in 2009 and is based in Zurich, Switzerland.

T
TRYON

TRYON specializes in designing and producing augmented reality software for jewelry eCommerce and retail stores.

Percept Imagery Logo
Percept Imagery

Percept Imagery offers Sprie, a virtual try-on platform designed to create an immersive retail experience for clients' customers that increases engagement, boosts sales, and reduces returns. The company was founded in 2018 and is based in Brighton, U.K.

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