Beyond Limits Valuation, Funding & Investors
Beyond Limits is valued at $708M as of September 2020.
Last Beyond Limits valuation
$708M
Series C · Sep 2020
Last Beyond Limits funding round
$133M
Series C · Sep 2020
Cumulative funding Beyond Limits raised
$159M
across 3 funding rounds
Key investors in Beyond Limits
BP Ventures
G42
About Beyond Limits
Beyond Limits is a Pasadena, California-headquartered AI provider of hybrid cognitive systems for energy, healthcare, and finance sectors. Founded in 2014 as a NASA JPL spinout, its platform fuses symbolic reasoning with deep learning for anomaly detection in oil refineries and patient diagnostics. Deployed at Chevron facilities and Mayo Clinic, it delivers 30 percent faster root-cause analysis.
Founded
2014
HQ
Los Angeles, CAWebsite
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Valuation
$708M (Sep 2020)
Beyond Limits Valuation
Beyond Limits is currently valued at $708M, based on its Series C in September 2020.
The $133M round was led by BP Ventures and G42.
Beyond Limits' valuation has grown 5.0x from $143M at its Series B in June 2017 to $708M in September 2020, across 2 priced rounds.
Beyond Limits valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Sep 2020 | Series C | $708M |
| Jun 2017 | Series B | $143M |
Beyond Limits Funding History
Beyond Limits has raised a total of $159M across 3 funding rounds.
Beyond Limits' first fundraising round was a $6M Series A in January 2015. The most recent completed round was a $133M Series C in September 2020.
Beyond Limits funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Sep 2020 | Series C | BP Ventures (lead); G42 (lead) | $133M | $708M | Beyond Limits, a Caltech and NASA Jet Propulsion Laboratory spinout, develops cognitive AI software combining human-like reasoning with data analytics to optimize operations for industrial sectors like energy, utilities, and healthcare. The technology powers prognostic tools for predictive maintenance, such as monitoring oil well health to prevent breakdowns, and logistics optimization for efficient transportation routes. Targeting expertise capture in aging workforces, it codifies domain knowledge for younger engineers in high-stakes environments like upstream, midstream, and downstream energy production. On September 22, 2020, Beyond Limits closed a $133 million Series C funding round co-led by G42 (Group 42) and bp ventures, with $113 million initially closed and $20 million committed. This brought total funding to $158.5 million across prior rounds, including bp ventures' earlier $20 million Series B investment in 2017. Proceeds fund global expansion, including launching Beyond Limits Asia with headquarters in Singapore, growing operations in Africa, the US, and Japan, accelerating R&D, and developing new AI applications. Investors highlighted the technology's potential to drive efficiency, sustainability, and economic growth amid energy sector digital transformation, even during pandemic challenges. bp ventures, managing nearly $700 million in investments, views it as key to reimagining global energy systems with reduced carbon emissions. |
| Jun 2017 | Series B | BP Ventures (lead) | $20M | $143M | Beyond Limits is an artificial intelligence company specializing in cognitive AI technology that combines human-like reasoning with data analytics to solve complex challenges in industrial sectors such as energy, utilities, power, manufacturing, and healthcare. The technology originates from research at Caltech and NASA's Jet Propulsion Laboratory, enabling applications like predictive maintenance in power plants, equipment monitoring in manufacturing, and healthcare optimizations such as seizure prediction or insurance billing. In June 2017, the Glendale, California-based company raised a $20 million (or $20.4 million) Series B round led solely by BP Ventures, marking BP as a key strategic investor focused on energy sector innovations. This Series B funding positioned Beyond Limits for growth in industrial AI, with BP Ventures highlighting its potential to reimagine the global energy system through intelligent and sustainable solutions. The round's post-money valuation was reported at $142.76 million, with a price per share of $1.37 and approximately 14.9 million shares outstanding. The company continued raising capital, securing a $133 million Series C in 2020 co-led by Group 42 and BP Ventures at a $1.01 billion post-money valuation, bringing total funding beyond $270 million by later reports, with expansions into Asia, Europe, the Middle East, and Africa. |
| Jan 2015 | Series A | - | $6M | - | - |
Who has invested in Beyond Limits?
2 investors have backed Beyond Limits across its funding rounds, including BP Ventures and G42.
Lead investors include BP Ventures and G42.
Beyond Limits Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
This data is available for Pro users. Sign up to see all 2 Beyond Limits investors. Start Free Trial | ||||
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Start Free TrialAcquisitions by Beyond Limits
Beyond Limits has acquired 2 companies to date.
Last acquisition by Beyond Limits was on March 2nd 2022. Beyond Limits acquired Altec for undisclosed valuation.
Latest Acquisitions by Beyond Limits
| Description | Altec is a provider of DocLink document management and workflow software. Headquartered in the United States, it integrates seamlessly with Epicor ERP, Microsoft Dynamics, and Sage accounting systems. DocLink automates invoice approvals, purchase order processing, and contract storage to streamline business operations. | Oak Consulting is a Singapore-headquartered provider of data management and analytics consulting, holding Premier Tier status as a Tableau value-added reseller. It delivers cloud solutions and specializes in sectors including healthcare, education, retail, eCommerce, telecommunications, financial services, shipping, airports, business services, and public sector organizations. With additional offices in India and Malaysia, the firm implements Tableau deployments, data visualization platforms, and analytics infrastructures for enterprise clients across Southeast Asia. |
| HQ Country | |  |
| HQ City | Los Angeles, CA | Singapore |
| Deal Date | 2 Mar 2022 | 10 Feb 2022 |
| Valuation | undisclosed | undisclosed |
| EV/Revenue | ||
| EV/EBITDA | ||
This data is available for Pro users. Sign up to see all Beyond Limits acquisitions and their M&A valuation multiples. Start Free Trial | ||
Beyond Limits Competitors
Beyond Limits competitors include listed companies like Fractal Analytics and Shenzhen Sunwin, and private ones like PolyAI, Deeproute, Sarborg and Labelbox.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
 London | Private | - | - | $750M | - | |
 Shenzhen | Private | - | - | $600M | - | |
 Cayman Islands | Private | - | - | $575M | - | |
| San Francisco, CA | Private | $33M | - | $900M | 27.3x | |
 India | Publicly listed | $344M | $50M | $1.3B | 3.4x | |
| China | Publicly listed | $20M | ($147M) | $687M | - |
Beyond Limits Public Comps
Beyond Limits is still privately-owned, but its public comps include Shenzhen Sunwin, Beijing Deep Glint Tech, Reconova Technologies, PKSHA Technology, Unisound Ai Technology, Beijing Haitian Ruisheng, ExaWizards, ODDITY Tech, Beijing CTJ Info Tech and Beijing Hanyi Innovation.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $20M | ($147M) | 37.7x | - | (5.0x) | - | |||
| $23M | ($29M) | 25.1x | 8.7x | (19.8x) | (80.2x) | |||
| $66M | ($8M) | 10.0x | - | (82.0x) | - | |||
| $140M | $47M | 4.1x | 2.4x | 12.2x | 10.7x | |||
| $181M | ($22M) | 3.0x | 2.1x | (24.5x) | (36.1x) | |||
| $56M | $5M | 13.8x | 14.0x | 160.9x | - | |||
| $77M | $13M | 6.6x | 5.7x | 39.3x | - | |||
| $810M | $131M | 1.5x | 1.8x | 9.6x | 18.3x | |||
This data is available for Pro users. Sign up to see all Beyond Limits competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Beyond Limits
| When was Beyond Limits founded? | Beyond Limits was founded in 2014. |
| Where is Beyond Limits headquartered? | Beyond Limits is headquartered in Los Angeles, CA, United States. |
| Is Beyond Limits publicly listed? | No, Beyond Limits is a private, VC-backed company. |
| What is Beyond Limits' valuation? | Beyond Limits was last valued at $708M in its Series C in September 2020. |
| How much funding has Beyond Limits raised? | Beyond Limits has raised $159M across 3 funding rounds. |
| What was Beyond Limits' last funding round? | Beyond Limits' last funding round was a $133M Series C in September 2020, led by BP Ventures and G42. |
| Who are Beyond Limits' investors? | Beyond Limits' investors include BP Ventures and G42. |
| Which companies are comparable to Beyond Limits? | Companies comparable to Beyond Limits include PolyAI, Deeproute, Sarborg, Labelbox, Fractal Analytics and Shenzhen Sunwin. |
| How many companies has Beyond Limits acquired? | Beyond Limits has acquired 2 companies, including Altec and Oak Consulting. |
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