Company profile: MindSumo
1.1 - Company Overview
Company description
- Provider of an open-innovation platform that connects companies with college students through real-world, skill-based competitions to crowdsource ideas and insights. Services include challenge creation and management, idea submission/review, rewards distribution, and industry-focused insight crowdsourcing for automotive, financial services, and consumer goods, delivering ideas to over 100 Fortune 500 companies.
Products and services
- Idea Submission and Review: A workflow-driven component that collects participant submissions and evaluates them to identify the most promising ideas addressing specific issues posed by companies
- Crowdsourced Challenges: A platform-based framework that architects and manages real-world challenges where problem solvers submit ideas tackling specific business issues, generating innovative insights for Fortune 500 companies
- Rewards Distribution: A platform-integrated mechanism that delivers monetary or other rewards, including cash prizes, to participants providing the best ideas or solutions in company-run challenges
Key contacts
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Financial details
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1.2 - Competitors and similar companies to MindSumo
Rypple
HQ: Canada
Website
- Description: Provider of a cloud-based social performance management platform that helps managers and employees improve performance through continuous coaching, real-time feedback, and recognition, replacing traditional performance reviews. Also offers MuleSoft Anypoint Platform, MuleSoft Composer for Salesforce, MuleSoft RPA, and Salesforce CRM, plus Salesforce professional services and success plans.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
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- Total funding raised: $●●●m
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SmartRecruiters
HQ: United States
Website
- Description: Provider of an end-to-end, cloud-based recruiting AI platform that automates and optimizes talent acquisition, helping organizations find, engage, and hire talent. Includes recruitment marketing, collaborative hiring, an open marketplace for third-party services, integrations with job boards and HR systems, and SmartDistribute for multi-board job posting.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
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Worklete
HQ: United States
Website
- Description: Provider of a habit and skill-building platform for frontline workforces, using data to deliver an always-on mobile coach plus ergonomic sensors, microlearning, and coaching tools to prevent workplace injuries and optimize facility performance. Offerings include a wearable sensor with real-time alerts, microlearning training, a safety dashboard, management and coaching tools, and compliance reporting.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
- Backers: ●●●●●●●●●●
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SkillBurst
HQ: United States
Website
- Description: Provider of creative design and development of on-demand training and digital courses for law firms and industries including financial institutions, retail, healthcare, public-sector agencies, federal contractors, service franchises, associations, and consultants. Offerings include respectful workplace and violence prevention series, generative AI fundamentals, foundational skills for new associates, emerging leader modules, and custom courses.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
- Backers: ●●●●●●●●●●
- Acquisitions: ●●
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Paycom
HQ: United States
Website
- Description: Provider of human capital management software, delivering payroll and HR solutions with modules for talent acquisition, talent management, time and labor, payroll, and expense management. Includes Beti, an employee-driven automated payroll to identify errors and ensure accuracy, plus support for flexible pay, payroll taxes, and garnishments.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
- Backers: ●●●●●●●●●●
- Acquisitions: ●●
View full Paycom company profile →
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2.M&A buyers
2.1 Potential strategic acquirers in the sector
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2.2 - Strategic buyer groups for MindSumo
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Buyer group 2: ████████ ████████
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Buyer group 3: ████████ ████████
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3. Investors and private equity firms
3.1 - Buyout funds investing in similar companies to MindSumo
2.2 - Growth funds investing in similar companies to MindSumo
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4 - Top valuation comps for MindSumo
4.2 - Public trading comparable groups for MindSumo
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