Glowlit

Company Overview

Snapshot

Founded in June 2016 by Guy Soreq, Glowlit operates with 1–10 employees. The company raised $50,000 across two funding rounds from one investor. Glowlit ceased operations in March 2023.

Business overview

Glowlit provides a platform for crowd-sourced animal feed data and price reports, primarily focusing on feed additives. The company's core technology involves collecting price data directly from purchasing managers and verifying it through a specialized algorithm. This data is then aggregated to offer real-time benchmarking tools for material price quotes, serving large buyers of such reports within the agriculture and food industries, specifically processed foods and ingredients sectors. Glowlit operates within the Business Software sector, with a focus on Sales & Marketing Solutions and e-Commerce Tools.

Strategic signal

Glowlit ceased operations in March 2023, indicating a complete halt to its business activities. This event signals to investors and innovation teams that the company is no longer an active player in the crowd-sourced animal feed data market.

Company Intelligence Q&A

What is Glowlit's primary business activity?

Glowlit operates a crowd-sourced platform that provides free, regionally based price reports on various animal feed additives. It collects and verifies price data from purchasing managers to offer real-time benchmarking tools.

When was Glowlit founded?

Glowlit was founded in June 2016.

What is the operational status of Glowlit?

Glowlit is currently non-active, having ceased operations in March 2023.

What markets does Glowlit serve?

Glowlit serves the agriculture and food industries, particularly focusing on processed foods and ingredients, by providing data to large buyers of animal feed additive price reports.

Who founded Glowlit?

Glowlit was founded by Guy Soreq.