// startup autopsy
Ilesfay Technology Group
Ilesfay Technology Group provided cloud-based replication and data delivery solutions.
marketfitacquisition_distress
Fatal mistake: The company failed to establish a defensible market position with insufficient funding to reach meaningful scale.
Key Events Timeline
FOUNDING
Ilesfay Technology Group is founded in the USA as a SaaS startup.
FUNDING
Company closes its last known funding round of $965K.
ACQUISITION ATTEMPT
Acquisition discussions begin as organic growth stalls.
SHUTDOWN
Ilesfay is acquired and ceases independent operations.