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Kyros is a technology company.
Kyros provides specialized actuarial solutions tailored for the complex financial landscape of loyalty programs. The company develops predictive financial models that enable businesses to accurately forecast redemption costs, manage program liabilities, and optimize customer lifetime value (CLV). Their analytical framework integrates deep actuarial science with technology to deliver actionable insights, allowing clients to better understand the economic impact and profitability of their loyalty initiatives.
Founded by a team of experienced actuaries and technologists, Kyros emerged from the recognition of a significant gap in the market for sophisticated financial modeling within loyalty program management. This interdisciplinary expertise allows them to address the unique challenges associated with deferred revenue and future obligations inherent in loyalty schemes. Their founding insight centered on transforming loyalty from a cost center into a strategically managed financial asset through rigorous quantitative analysis.
The primary users of Kyros' services are leaders and financial stakeholders overseeing large-scale loyalty programs across various industries. These clients leverage Kyros' models to make data-driven decisions that enhance program efficiency and financial performance. Kyros' long-term vision is to establish the gold standard for financial intelligence in the loyalty sector, ensuring that companies can maximize the value of their customer relationships through precise financial planning and strategic optimization.
Kyros has raised $20.4M across 4 funding rounds.
Kyros has raised $20.4M in total across 4 funding rounds.
Kyros has raised $20.4M in total across 4 funding rounds.
Kyros's investors include Rally Ventures, Andreessen Horowitz, NFX, Quiet Capital, Race Capital, Relay Ventures, R-Squared Ventures, Sinai Ventures, Vine Ventures LP, Visionaire Ventures, Emil Michael, Farzad Nazem.
Kyros Technologies is a software company founded in 2009, specializing in digital transformation, IT consulting, and field service management (FSM) solutions. It offers products like Kyros FSM, a cloud-based platform for job scheduling, inventory tracking, mobile workforce management, and CRM, alongside services in mobile app development, IoT, AR/VR, cloud migration (AWS, Azure), ITSM/ITIL (ServiceNow), ERP/BI, and custom development in Java/.NET.[1][2][4][5][6] Targeting startups, enterprises, and industries such as utilities, HVAC, construction, healthcare, and telecom, Kyros solves operational inefficiencies by automating workflows, modernizing infrastructure, and boosting productivity/revenue through real-time tracking and seamless integrations.[1][4] With ~44 employees, <$5M revenue, and operations in Hoisington, Kansas (HQ) plus India presence, it maintains steady growth as a boutique provider.[2][3]
Kyros Technologies was founded in 2009 in Hoisington, Kansas, evolving from an IT service provider into a boutique consulting firm focused on customer-oriented digital solutions.[2] Key details on founders are limited in available data, but the company has built expertise through leaders like Anuradha Sridharan (Director - Finance and Strategy) and senior professionals with 8+ years in enterprise solutions, product architecture, and technologies like mobile/IoT/AR/VR.[2][3] Early traction stemmed from strategic partnerships and competency in custom development, cloud migrations, and ITSM implementations, positioning it to deliver breakthrough solutions for competitive enterprises.[1][2] Pivotal growth includes expanding to FSM products like Kyros FSM, with GitHub activity showing contributions to projects like "bar" (108 pushes, 2017-2018) and "gradus" (81 pushes, 2018).[3]
Kyros rides the digital transformation wave, particularly in field service management amid rising demand for mobile-first, cloud-native tools post-pandemic, where remote coordination and real-time data are critical for operational resilience.[1][4][5] Timing aligns with market forces like IoT proliferation, hybrid work, and Industry 4.0 in sectors like HVAC/utilities/construction, where FSM software reduces downtime and optimizes resources—projected to grow as businesses prioritize efficiency amid labor shortages.[4][6] It influences the ecosystem as a reliable partner for mid-market firms, bridging custom dev with off-the-shelf FSM to democratize advanced tech, though its small scale limits VC-style disruption compared to giants like ServiceNow.[1][2]
Kyros is poised for expansion in FSM and cloud services, potentially scaling revenue beyond $4-5M by deepening integrations and targeting underserved SMBs in maintenance-heavy industries.[2][4] Trends like AI-driven predictive maintenance, edge computing for IoT, and stricter compliance (e.g., ITIL) will shape its trajectory, amplifying demand for its stack.[3] Influence may evolve toward niche leadership in boutique FSM, with partnerships accelerating growth—watch for product enhancements or geographic pushes from its Kansas-India base. This positions Kyros as a steady player in tech innovation, echoing its origins in practical, value-driven transformation.[1][2]
Kyros has raised $20.4M across 4 funding rounds. Most recently, it raised $11.0M Series A in August 2023.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Aug 1, 2023 | $11.0M Series A | Rally Ventures | Andreessen Horowitz, NFX, Quiet Capital, Race Capital, Relay Ventures, R-Squared Ventures, Sinai Ventures, Vine Ventures LP, Visionaire Ventures, Emil Michael, Farzad Nazem, Gary Lauder, Gil Hirsch, Marc Benioff, Noosheen Hashemi, Ran Makavy, Tirto Adji |
| Oct 1, 2022 | $2.0M Seed | Rally Ventures | Andreessen Horowitz, NFX, Quiet Capital, Race Capital, Relay Ventures, R-Squared Ventures, Sinai Ventures, Vine Ventures LP, Visionaire Ventures, Emil Michael, Farzad Nazem, Gary Lauder, Gil Hirsch, Marc Benioff, Noosheen Hashemi, Ran Makavy, Tirto Adji |
| Jul 13, 2022 | $4.4M Seed | Justin Kaufenberg | |
| Apr 1, 2022 | $3.0M Seed | Andreessen Horowitz, NFX, Quiet Capital, Race Capital, Rally Ventures, Relay Ventures, R-Squared Ventures, Sinai Ventures, Vine Ventures LP, Visionaire Ventures, Emil Michael, Farzad Nazem, Gary Lauder, Gil Hirsch, Marc Benioff, Noosheen Hashemi, Ran Makavy, Tirto Adji |