Company Overview
Snapshot
Founded in November 2010 by Hanan Blumstein and Yoav Schreiber, Glassbox operates with 201–500 employees. The company raised a total of $176.5 million across 6 funding rounds from 12 investors. In May 2024, Glassbox was acquired by Alicorn.
Business overview
Glassbox provides big-data behavioral solutions and content analytics for web and mobile applications. Its platform captures, records, analyzes, and replays digital customer sessions, offering insights into user interactions. This technology helps businesses enhance customer satisfaction, improve conversion rates, reduce operational costs, and increase revenue. Glassbox's SOC 2- and GDPR-compliant platform serves various industries by addressing security and privacy standards.
Strategic signal
In May 2024, Glassbox was acquired by Alicorn, signaling a strategic shift towards private ownership after being publicly traded. This acquisition, valued at approximately $150 million, aims to accelerate AI investment and product growth, indicating a renewed focus on innovation and market expansion under new leadership.
Log in to access full profile ›Company Intelligence Q&A
- What was a significant recent corporate development for Glassbox?
- In May 2024, Glassbox was acquired by Alicorn, a British venture capital fund, in a deal valued at approximately $150 million. This acquisition led to Glassbox being delisted from the Tel Aviv Stock Exchange.
- What was the valuation of Glassbox at the time of its acquisition?
- In May 2024, Glassbox was acquired by Alicorn for approximately $150 million, which was an 18% premium over its market value on the Tel Aviv Stock Exchange at that time.
- What was Glassbox's IPO valuation and how has its market cap changed since?
- Glassbox went public on the Tel Aviv Stock Exchange in June 2021 with a valuation of nearly $500 million. By May 2023, its market cap had fallen to approximately $73 million, representing an 85% decline since its IPO.
- What was Glassbox's financial performance in Q3 2023?
- In Q3 2023, Glassbox reported a 5% revenue growth to $12.2 million, with cloud subscription revenues increasing by 34% year-over-year. The company's Annual Recurring Revenue (ARR) grew by 20% year-over-year to $56 million, and cloud ARR surged by 59% year-over-year to $48 million.
- What strategic acquisition did Glassbox make in late 2020?
- In October 2020, Glassbox acquired SessionCam, a digital customer experience provider. This acquisition was aimed at expanding Glassbox's capabilities in web and mobile interaction analysis and growing its customer base.