AvePoint

AvePoint, Inc.

Company type	Public
Traded as	Nasdaq:  AVPT
Industry	Computer software [1]
Founded	2001;24 years ago (2001)
Founder	Xunkai (Kai) Gong Tianyi (TJ) Jiang
Headquarters	Jersey City, New Jersey, United States
Key people	Xunkai (Kai) Gong (executive chairman) Tianyi (TJ) Jiang (CEO)
Products	AvePoint Confidence Platform
Revenue	$271.8 Million(2023) [2]
Number of employees	~2,650 (2024)
Website	https://www.avepoint.com

Avepoint is a public company headquartered in Jersey City, New Jersey, United States. It develops software products intended to add features or security to other major platforms, like Microsoft 365, Google, or Salesforce. AvePoint was founded in 2001 and went public on NASDAQ in 2020.

History

The company was backed by investors Goldman Sachs and Summit Partners, which acquired minority stakes in AvePoint in 2014 and 2007, respectively. ^[3]

In January, 2020 the company announced a $200 million Series C investment led by TPG Sixth Street Partners, with additional participation from prior investor Goldman Sachs and other unnamed investors. The round brought the total raised to $294 million to date. ^[4]

In November 2020, AvePoint reached a deal to go public through a merger with blank-check company Apex Technology Acquisition Corp.(APXT). The transaction valued AvePoint at $2 billion and kept AvePoint co-founders Tianyi Jiang and Kai Gong as CEO and Executive Chairman respectively. ^[5]

References

1. "The biggest risk corporations see in gen AI usage isn't hallucinations". CNBC . 16 May 2024.
2. "Q2 2024 Report".
3. "Goldman Sachs to invest in AvePoint". Fortune. 2014. Retrieved 10 October 2014.
4. "AvePoint lands $200M investment to expand market for Microsoft cloud governance tools". TechCrunch. 8 January 2020. Retrieved 2020-11-17.
5. "AvePoint Strikes Deal to Go Public Via Apex Technology SPAC". Bloomberg.com. 2020-11-23. Retrieved 2020-11-24.