Since 2006, we have built the largest innovation platform on the planet, bringing together startups, investors, and blue chip corporations. We are experts in facilitating meaningful introductions, investing in startups, and bringing together key stakeholders into one world-changing network.
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The story of Plug and Play begins in the 1990’s with our CEO & Founder, Saeed Amidi. He and his family owned a conglomeration of businesses from bottled water to plastics and packaging to a whole portfolio of commercial real estate properties. Furthermore, his family ran a successful Persian rug business in downtown Palo Alto - the Medallion Rug Gallery. Following the early success of Medallion Rug Gallery, the Amidi Group purchased the property at 165 University Avenue in Palo Alto in 1988. The building quickly gained a reputation of its own through the success of its tenants.
Danger, known best for their production of the Sidekick, was acquired by Microsoft in 2008 for a rumored half a billion dollars. Other noteworthy tenants include Milo, acquired by eBay in 2010 for $75 million, and Yummly, acquired by Whirlpool in 2017. Even Facebook once attempted to rent this building on a five-year lease. Furthermore, the “Lucky Building” saw the origin of companies such as Google, PayPal, and Logitech. Over the years, Rahim and Saeed Amidi realized the special position this building put them in as investors. They were able to meet some of the world’s most notable startups at an early stage, which led them to the question: “what if we could do this on a bigger scale?”.
The Amidi brothers purchased a 150,000 square foot building in 2006 in Sunnyvale, California from Philips, with the hope to fill it with emerging companies just as they had with the “Lucky Building” in Palo Alto. They officially founded Plug and Play Tech Center. Now, Amidi Group and Plug and Play is renowned as one of the most active investors in Silicon Valley having invested in over 1,600 startups and helped over 10,000 entrepreneurs all around the world.
We run our unique global innovation platform with more than 60+ locations in more than 20 countries on 5 continents. Our headquarters is based in Sunnyvale, in the heart of Silicon Valley.
As one of the most active VCs in Silicon Valley, our goal is to fund the teams that are building the defensible businesses of the future. By leveraging our capital, our network of 180+ VCs, and our corporate partners, we give our portfolio companies a huge advantage.
We are proud of having many unicorns in our portfolio! Below an overview of our 30+ unicorns so far.
A unicorn is a startup company with a value of over $1 billion.
Since 2010, corporate partners have been a fundamental part of our innovation platform. Through various levels of partnership, we provide corporate partners with exposure to our ecosystem and access to qualified and strategically aligned early-and-growth stage startups. Our global network of the world’s largest corporations includes more than 500 companies.
Our accelerator programs are designed to make the relevant introductions with world-leading corporations that your startup needs. We’ve been running customized programs for almost a decade that nurture our startups and foster groundbreaking solutions. It’s been proven that some of the greatest technologies and innovations have started somewhere with Plug and Play. It’s your turn to get in on the action.
We run programs in multiple industry areas - we call them verticals. Currently we have programs in 2 verticals in our various locations globally.
Check out further details on our verticals:
Agtech I Animal Health I Brand & Retail I Crypto & Digital Assets | Energy I Enterprise Tech I Fintech I Food & Beverage I Health I Insurtech I Internet of Things I Maritime I Media & Advertising I Mobility I New Material & Packaging I Real Estate & Construction I Smart Cities I Supply Chain I Sustainability I Travel & Hospitality