Overview

Clockwork Systems specializes in clock synchronization technology that is essential for applications where precise timing is critical, such as financial trading, high tech, and online gaming. Their technology operates in both cloud and on-premises environments, ensuring accurate timekeeping across distributed systems, which improves performance and reliability. Unlike many competitors, Clockwork Systems focuses specifically on time-sensitive applications and offers tailored software solutions and services. Their revenue comes from software licensing, subscriptions, and professional services. A notable product is Latency Sensei, which monitors cloud network latency, showcasing their commitment to continuous improvement in their offerings.

Simplify's Take

What believers are saying

• Increased demand for precision timing in 5G networks benefits Clockwork Systems' offerings.
• The rise of edge computing aligns with Clockwork Systems' expertise in time-sensitive applications.
• Financial sector's reliance on algorithmic trading expands Clockwork Systems' market.

What critics are saying

• Emerging competition from startups like SyncTech threatens Clockwork Systems' market position.
• Demand for open-source solutions could undercut Clockwork Systems' pricing model.
• Potential patent litigation risks from companies expanding their patent portfolios.

What makes Clockwork Systems unique

• Clockwork Systems specializes in advanced clock synchronization for mission-critical applications.
• The company serves sectors like financial trading, high tech, and online gaming.
• Clockwork.io offers both cloud and on-premises solutions for distributed systems.

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Funding

Total Funding

$21M

Above

Industry Average

Funded Over

1 Rounds

$21,000,000

Series A

Mar 2022

Series A funding typically happens when a startup has a product and some customers, and now needs funding to scale. This money is usually used to grow the team, expand marketing, and improve the product. Venture capital firms are frequently the main investors here.

Series A Funding Comparison

Above Average

Industry standards

Ind Avg. $15M

$3.7M

$5M

$8.2M

$15M

$21M

$30M