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Koan is a technology company.
Koan develops organizational alignment software designed to streamline goal management and foster team collaboration. Its core product facilitates the implementation of Objectives and Key Results (OKRs), allowing organizations to track progress toward strategic objectives and maintain transparent status updates. The platform aims to simplify goal-setting and reporting through consistent reflection, ensuring teams remain focused and engaged with their broader organizational mission.
The company was co-founded in 2016 by Matt Tucker, who brought significant experience from his prior role as co-founder of Jive Software. Tucker’s insight stemmed from the need for a more effective and collaborative way for teams to manage their objectives and track ongoing progress, moving beyond traditional, often cumbersome, goal-setting methodologies. This background in enterprise collaboration provided a strong foundation for Koan's development.
Koan's platform is utilized by a variety of teams seeking to enhance clarity and accountability in their work. The company's overarching vision centers on empowering modern leaders with tools for improved collaboration and transparency, thereby helping organizations integrate goal management into daily workflows through simple, positive habits. Koan ultimately aims to transform how businesses achieve their strategic objectives.
Koan has raised $6.0M across 3 funding rounds.
Koan has raised $6.0M in total across 3 funding rounds.
Koan is a technology company primarily focused on embedded Linux software development and professional services, including consultancy, training, and technical support centered around the Yocto Project and Qt framework. It serves industrial automation and embedded systems sectors by providing customized Linux Board Support Packages (BSP), device drivers, and native or cross-platform applications. Koan helps clients accelerate time to market by optimizing open source components and delivering tailored embedded software solutions. Recently, Koan became part of the Abinsula group, which strengthens its position in industrial automation and open source technologies[1].
Koan was founded in Sardinia, Italy, with a focus on Linux embedded systems and open source software. The company’s expertise grew around the Yocto Project, a popular open source framework for creating custom Linux distributions for embedded devices. Over time, Koan expanded its services to include consultancy, training, and development using Qt (C++/QML). The acquisition by Abinsula marks a strategic evolution, enhancing Koan’s capabilities and market reach in industrial automation and embedded Linux sectors[1].
Koan operates at the intersection of embedded Linux and industrial automation, riding the trend of increasing adoption of open source technologies in embedded systems. The timing is favorable as industries seek customizable, secure, and cost-effective software solutions for IoT, edge computing, and automation. Koan’s expertise in Yocto and Linux customization positions it well to support companies leveraging these technologies to innovate and remain competitive. Its role in enabling rapid development and deployment of embedded software contributes to the broader ecosystem by facilitating the integration of open source with commercial applications[1].
Looking forward, Koan’s integration with Abinsula is likely to fuel growth and broaden its impact in industrial automation and embedded Linux markets. Trends such as IoT expansion, edge computing, and increased reliance on open source embedded software will shape its trajectory. Koan’s ability to provide expert support and accelerate time to market will remain critical as clients demand faster, more reliable embedded solutions. Its influence may grow as it helps more companies adopt and optimize open source technologies in complex industrial environments[1].
Koan has raised $6.0M in total across 3 funding rounds.
Koan's investors include BMNT, Uncork Capital, .406 Ventures, Collaborative Seed & Growth Partners, Insight Partners, RRE Ventures, Webb Investment Network, Ryan Chan, Crosslink Capital.
Koan has raised $6.0M across 3 funding rounds. Most recently, it raised $1.0M Other Equity in December 2020.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Dec 10, 2020 | $1.0M Other Equity | BMNT | |
| Oct 1, 2019 | $3.0M Seed | Uncork Capital | .406 Ventures, Collaborative Seed & Growth Partners, Insight Partners, RRE Ventures, Webb Investment Network, Ryan Chan, Crosslink Capital |
| Jul 1, 2016 | $2.0M Seed | Insight Partners, Webb Investment Network, Ryan Chan |