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§ Private Profile · Cambridge, MA, USA
Managed open-source AI infrastructure platform simplifying deploying and scaling AI models for startups and enterprises, focusing on AI operations.
Based in New York City, Cake develops a managed open-source artificial intelligence infrastructure platform designed to simplify the deployment and scaling of AI models for enterprise and startup clients. The company operates on a software-as-a-service subscription model, providing accessible operational tools that eliminate the need for extensive custom engineering. To date, Cake has raised $13 million in total venture capital funding to support its ongoing platform development. This financing includes a $3 million pre-seed and a $10 million seed round closed in April 2024 led by Google Gradient Ventures, with participation from Primary Venture Partners and Alumni Ventures. The platform officially launched in late 2024 to serve clients across the bioscience and insurtech sectors, securing early enterprise customers including Altis Labs and Ping. Cake was founded in 2022 by Misha Herscu and Skyler Thomas.
Cake has raised $8.9M across 4 funding rounds.
Cake has raised $8.9M in total across 4 funding rounds.
Cake has raised $8.9M across 4 funding rounds. Most recently, it raised $1.0M Seed in February 2024.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Feb 1, 2024 | $1M Seed | Markd VC | 101 Weston Labs, 2ndf, Iianc, Iridium Bloom | Announced |
| Aug 23, 2023 | $5M Series A | Mynavi Corporation | — | Announced |
| Aug 10, 2020 | $900K Seed | Mynavi Corporation | — | Announced |
| Nov 1, 2017 | $2M Seed | — | AAF Management Ltd., Arkitekt Ventures, UpHonest Capital, Evan Cheng | Announced |
CAKE.com Inc. is a software company that builds reliable productivity tools—Clockify for time tracking, Pumble for team communication, and Plaky for project management—serving hundreds of thousands of businesses worldwide to organize and streamline operations.[1] These tools address core productivity challenges like time management, collaboration, and task tracking, with strong growth including Clockify reaching 1 million users by 2019 and a unified brand launch in 2023 for seamless integration.[1]
Note: Search results also reference other "Cake" entities, such as Cake Technologies, Inc. (founded 2016, focused on mobile web accessibility)[2][3] and getCAKE (affiliate marketing and lead distribution software)[4]. This overview centers on CAKE.com as the primary match for a productivity technology company with detailed history.[1]
CAKE.com began in 2009 as a development firm creating products for others, evolving into its own branded productivity suite.[1] In 2017, it launched Clockify, its first in-house time-tracking product, which hit 1 million registered users by 2019.[1] Pivotal moments included 2020 recognition by Bloomberg and the Wall Street Journal as a top startup investment opportunity, alongside the launch of Pumble for team communication; in 2022, Plaky completed the "productivity trinity" for project management; and 2023 brought the CAKE.com brand unification.[1] Founders are not named in available data, but the company's bootstrapped trajectory from service provider to product leader highlights organic growth in the SaaS space.[1]
CAKE.com stands out in the productivity software market through:
CAKE.com rides the remote and hybrid work boom, accelerated post-2020, where demand for affordable, integrated productivity tools surged amid distributed teams.[1] Timing aligns with SaaS democratization—offering freemium models that democratize access for SMBs, countering enterprise-heavy players like Asana or Slack.[1] Market forces like rising operational costs and AI-driven efficiency needs favor its trinity approach, influencing the ecosystem by proving bootstrapped, user-first SaaS can scale globally without VC fanfare, inspiring similar indie successes.[1]
CAKE.com's momentum—unified branding, massive user base—positions it for AI-enhanced features like smart time analytics or automated workflows, capitalizing on productivity tool consolidation trends.[1] Expect deeper integrations and enterprise expansions, potentially drawing acquisition interest amid maturing remote work markets. As a bootstrapped exemplar, its influence may grow by redefining accessible SaaS, tying back to its core: empowering businesses with simple, secure tools to thrive.[1]
Cake has raised $8.9M in total across 4 funding rounds.
Cake's investors include Markd VC, 101 Weston Labs, 2ndF, IIANC, Iridium Bloom, Mynavi Corporation, AAF Management Ltd., Arkitekt Ventures, UpHonest Capital, Evan Cheng.