Pivit / Binary Event Network logo — company profile

Pivit / Binary Event Network

Founded 2011 United States New York, United States 2 employees Venture round Total: $12.88M Consumer Electronics, Finance +2

General Information

Company Name Pivit / Binary Event Network
Founded Year 2011
Location United States New York, United States
Employees 2
Industries Consumer Electronics, Finance, Social Media +1
Funding Stage Venture round
Social

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About Pivit / Binary Event Network

Pivit is a unique startup that leverages data science to turn real-world events into interactive games. Founded in 2011 by the original founders of Intrade, a well-known financial marketplace, Pivit has garnered attention for its innovative approach. The company's platform engages users by asking them to predict the likelihood of an event occurring and whether the chances will increase or decrease. This not only entertains the players but also connects them to issues they are passionate about. Additionally, Pivit serves as a valuable source of real-time public consensus.

With a focus on industries such as Consumer Electronics, Finance, Social Media, and Sports, Pivit has managed to secure significant investments, including a $5.00M venture round investment on 09 September 2015. Notably, the funding came from prominent investors including DRW Venture Capital, WorldQuant Ventures LLC, and Howard Edelstein.

Pivit's noteworthy achievements are further bolstered by its strategic collaborations, with the company being supported by technology from the world's largest provider of financial exchange technology. Its leadership, coming from one of the pioneering success stories in daily fantasy gaming, further validates its potential for growth and success.

Overall, Pivit's innovative approach, strong investor backing, and strategic partnerships position it as a compelling investment opportunity in the realm of data-driven consumer engagement and forecasting.

Business keywords: data science, gamification, crowdsourcing, forecasting, real-time data, financial markets, public consensus, event prediction, user engagement, technology, proprietaty data, startup, innovation

Funding Rounds & Investors (4)

View All
Funding Stage Amount Investors Lead Investors Date
Venture Round $5.00M 3
DRW Venture Capital, WorldQuant Ventures LLC +1
09 Sep 2015
Venture Round $6.00M 3
Broadhaven Ventures, Guggenheim Partners +1
04 Nov 2014
Angel Round $1.88M 3
Broadhaven Ventures, Guggenheim Partners +1
31 Jan 2013
Seed Round Undisclosed 1
Bendigo Partners
28 Nov 2011

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FAQ About Pivit / Binary Event Network

Pivit turns real-world events into games by using data science to determine the chance of an event occurring, and then asking the crowd a simple question: "Do you think the chance will go higher or lower next?". Through continuous and repetitive user engagement, players are entertained while being c...
Pivit / Binary Event Network was founded in 2011.
Pivit / Binary Event Network is headquartered in New York, United States.
Pivit / Binary Event Network operates in Consumer Electronics, Finance, Social Media and Sports. Its work centres on data science, gamification, crowdsourcing and forecasting.
Pivit / Binary Event Network has approximately 2 employees.
Pivit / Binary Event Network has completed 4 funding rounds, raising a total of $12.88M. The latest funding stage is Venture round.
Top alternatives and competitors to Pivit / Binary Event Network include Metricle, 101.invest, Monterosa, Lumen. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Pivit / Binary Event Network and Metricle are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for Pivit / Binary Event Network, https://bouncewatch.com/company/pivit-binary-event-network, updated 30 December 2024. When citing, please name BounceWatch and link this page.

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