Submittable vs IBM
Side-by-side comparison of AI visibility scores, market position, and capabilities
$74.6M funding ($47M Series C 2022 Accel-KKR); $66.6M revenue 2024 (+35.9% YoY); 11K customers; 230 employees; acquired WizeHive Aug 2024; grants management leader
About
Submittable is a grants and social impact management platform founded in 2010 and headquartered in Missoula, Montana. Originally built as a submissions management tool for literary magazines and creative organizations, Submittable evolved into a comprehensive platform for managing grant applications, corporate social responsibility programs, scholarship disbursements, and community impact initiatives. Its mission is to help organizations deploy resources efficiently and generate measurable social impact at scale.\n\nThe platform provides end-to-end tools for grant program design, applicant intake, review workflows, decision management, reporting, and payment disbursement. Submittable serves foundations, nonprofits, corporations, and government agencies running structured giving or scholarship programs that require managing high volumes of applications with diverse reviewer teams. In August 2024, Submittable acquired WizeHive, a competing grants management platform, significantly expanding its customer base and capabilities in the nonprofit and higher education segments.\n\nSubmittable reached $66.6 million in revenue in 2024, a 35.9% year-over-year increase driven by organic growth and the WizeHive acquisition. The company serves over 11,000 customers and has raised $74.6 million in total funding, employing approximately 230 people. Submittable competes with Fluxx, Salesforce Nonprofit, and Blackbaud in the grants management category. Its strong growth rate in a previously underpenetrated vertical and the strategic acquisition of a direct competitor demonstrate execution discipline and clear category consolidation ambitions.
Armonk NY hybrid cloud and enterprise AI (NYSE: IBM) at $62.8B revenue; $6B+ generative AI bookings, record $12.7B free cash flow 2024, DataStax acquisition for watsonx vector database competing with Microsoft Azure for enterprise AI.
About
International Business Machines Corporation (IBM) is an Armonk, New York-based global technology and consulting company — publicly traded on the New York Stock Exchange (NYSE: IBM) as an S&P 500 component — providing hybrid cloud infrastructure, artificial intelligence software, and enterprise IT consulting through approximately 270,300 employees in 170 countries with $62.8 billion in annual revenue. Founded on June 16, 1911, as Computing-Tabulating-Recording Company through a merger orchestrated by financier Charles Ranlett Flint, renamed IBM in 1924 under Thomas Watson Sr., IBM has undergone multiple strategic transformations over its 110+ year history: building the System/360 mainframe platform (1964), launching the IBM PC (1981), selling the PC division to Lenovo (2005, $1.75B), and completing the $34 billion Red Hat acquisition (2019) that repositioned IBM as a hybrid cloud platform company. CEO Arvind Krishna (appointed April 2020) has focused IBM's strategy on three areas: hybrid cloud (powered by Red Hat OpenShift, the enterprise Kubernetes platform), AI (the watsonx platform for enterprise AI model development and deployment), and enterprise consulting. Under Krishna, IBM recorded $12.7 billion in free cash flow in 2024 (a company record), surpassed $6 billion in generative AI bookings since June 2023, and saw the stock price double — trading at all-time highs through 2024-2025. IBM announced the DataStax acquisition in 2025 to deepen watsonx's data layer with AstraDB (vector database for AI applications), DataStax Enterprise (Apache Cassandra), and Langflow (low-code AI agent development).
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