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Amazon has raised $8.0M across 1 funding round.
Key people at Amazon.
Amazon is a global e-commerce and cloud computing company that operates a vast online marketplace, provides cloud services through [Amazon Web Services (AWS)](https://startupintros.com/orgs/aws), and offers digital streaming and artificial intelligence solutions. In 2023, Amazon's net sales reached $574.8 billion, demonstrating its significant impact on the global economy.
Jeff Bezos founded Amazon in 1994. He initially launched it as an online bookstore, recognizing the potential of the internet to offer a wider selection and lower prices to consumers.
Amazon was founded in July 1994. It quickly grew from an online bookstore to a global e-commerce and technology giant, transforming the way people shop and access cloud services.
[Amazon Web Services (AWS)](https://startupintros.com/orgs/aws) is Amazon's cloud computing platform, providing a wide range of services including computing power, storage, databases, and machine learning. It is used by millions of customers globally, from startups to large enterprises.
As of 2023, Amazon employs over 1.5 million people worldwide. This makes it one of the largest employers in the world, reflecting its vast operations across e-commerce, cloud computing, and logistics.
Amazon Prime is a subscription service that offers members benefits such as free and fast shipping, access to streaming video and music, and exclusive deals. It has over 200 million members globally, contributing significantly to Amazon's recurring revenue.
Founded in 1994 by Jeff Bezos and MacKenzie Scott, Amazon is a Seattle-based multinational technology company operating the largest global e-commerce marketplace and providing extensive cloud computing infrastructure through Amazon Web Services. The corporation generates revenue through direct online and physical retail sales, third-party seller marketplace fees, digital advertising, and consumer subscription services like Amazon Prime. Operating across international markets, the enterprise maintains a market capitalization exceeding one and a half trillion dollars, generated nearly 575 billion dollars in net sales during 2023, and employs over one million five hundred thousand people worldwide. The firm received early venture capital backing from prominent investors including Kleiner Perkins and John Doerr, alongside guidance from advisor Bill Campbell. Under current chief executive Andy Jassy, the company recently committed up to four billion dollars to the artificial intelligence startup Anthropic.
Amazon is a global e-commerce and cloud computing company that operates a vast online marketplace, provides cloud services through [Amazon Web Services (AWS)](https://startupintros.com/orgs/aws), and offers digital streaming and artificial intelligence solutions. In 2023, Amazon's net sales reached $574.8 billion, demonstrating its significant impact on the global economy.
Jeff Bezos founded Amazon in 1994. He initially launched it as an online bookstore, recognizing the potential of the internet to offer a wider selection and lower prices to consumers.
Amazon was founded in July 1994. It quickly grew from an online bookstore to a global e-commerce and technology giant, transforming the way people shop and access cloud services.
[Amazon Web Services (AWS)](https://startupintros.com/orgs/aws) is Amazon's cloud computing platform, providing a wide range of services including computing power, storage, databases, and machine learning. It is used by millions of customers globally, from startups to large enterprises.
As of 2023, Amazon employs over 1.5 million people worldwide. This makes it one of the largest employers in the world, reflecting its vast operations across e-commerce, cloud computing, and logistics.
Amazon Prime is a subscription service that offers members benefits such as free and fast shipping, access to streaming video and music, and exclusive deals. It has over 200 million members globally, contributing significantly to Amazon's recurring revenue.
Amazon is a multinational technology company focusing on e-commerce, cloud computing, digital streaming, and artificial intelligence. It operates a vast online marketplace where third-party sellers can list products alongside Amazon's own retail offerings. Amazon also provides cloud services through [Amazon Web Services (AWS)](https://startupintros.com/orgs/aws), powering countless startups and enterprises.
Beyond retail and cloud, Amazon has expanded into entertainment with Prime Video, hardware with devices like Echo and Kindle, and logistics with its extensive delivery network. They acquired Whole Foods Market in 2017 for $13.7 billion, signaling a move into physical retail and grocery delivery. Amazon's diverse portfolio reflects its ambition to be a central part of consumers' lives.
In 2023, Amazon reported net sales of $574.8 billion, a 12% increase compared to 2022. [Amazon Web Services (AWS)](https://startupintros.com/orgs/aws) generated $90.76 billion in revenue, showcasing its dominance in the cloud computing market. Amazon's advertising revenue reached $46.9 billion, demonstrating its growing influence in the digital advertising space. The company employs over 1.5 million people worldwide.
Amazon's Prime subscription service has over 200 million members globally, contributing significantly to recurring revenue. The company's market capitalization fluctuates, but consistently remains above $1 trillion. Amazon's investment in research and development totaled $73.2 billion in 2023, highlighting its commitment to innovation.
Jeff Bezos founded Amazon in 1994, initially as an online bookstore called Cadabra.com. He quickly recognized the potential of the internet to offer a wider selection and lower prices than traditional brick-and-mortar stores. Bezos renamed the company Amazon, after the Amazon River, symbolizing its ambition to be the largest online retailer.
Amazon expanded beyond books in 1998, adding music and videos to its product offerings. In 2002, Amazon launched [Amazon Web Services (AWS)](https://startupintros.com/orgs/aws), providing cloud computing infrastructure to businesses. The introduction of Amazon Prime in 2005 revolutionized online shopping with free two-day shipping. Amazon's relentless focus on customer experience and innovation fueled its rapid growth.
Amazon's scale and influence make it a critical player in the global economy. For startups, Amazon represents both an opportunity and a threat. The Amazon Marketplace provides access to millions of customers, but competition is fierce. [Amazon Web Services (AWS)](https://startupintros.com/orgs/aws) offers startups affordable and scalable cloud infrastructure.
Amazon's logistics network and delivery capabilities set a high bar for other retailers. The company's investments in artificial intelligence and machine learning are transforming industries. Amazon's success demonstrates the power of customer-centricity and continuous innovation. Understanding Amazon's strategies is essential for any business operating in the digital age.
Amazon is currently investing heavily in artificial intelligence, including generative AI models. The company is expanding its physical retail presence with Amazon Go and Amazon Fresh stores. Amazon is also facing increased regulatory scrutiny regarding its market power and data privacy practices. They are competing with companies like [Microsoft](https://startupintros.com/orgs/microsoft) and [Google](https://startupintros.com/orgs/google) in the cloud computing and AI spaces.
Amazon is exploring new technologies such as drone delivery and autonomous vehicles. The company is also focused on sustainability initiatives, aiming to achieve net-zero carbon emissions by 2040. Amazon's ongoing investments and strategic decisions will continue to shape the future of e-commerce and technology. They are also facing increasing competition from companies like [Shopify](https://startupintros.com/orgs/shopify).
Translation: Amazon is a dominant force, so founders must understand how to leverage its marketplace or compete against it. Investors should watch its cloud and AI growth for future opportunities.
Key people at Amazon.
Amazon has raised $8.0M across 1 funding round. Most recently, it raised $8.0M Series A in May 1996.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| May 1, 1996 | $8.0M Series A | Kleiner Perkins |
