Estimote
Latest round
- Series A
Last raised
- Jan 2016
Total raised
- $14M
Investors
- 12
About Estimote
Founded in 2012 in New York, US, Estimote develops UWB Tags that offer inch-level precision for location detection. The company has not reported any significant strategic pivots or changes since its inception. The founders, Jakub Krzych, Lukasz Kostka, and Steve Cheney, have experience in technology development.Estimote, Inc. specializes in location and proximity technologies, primarily through its Ultra Wideband (UWB) Tags. These devices operate with inch-level precision by detecting proximity to other tags, allowing them to trigger actions based on their distance. The tags come equipped with built-in inertial measurement units (IMU) and pressure sensors to track movement and elevation, delivering real-time location data via LTE directly to user endpoints. Estimote's UWB Tags are particularly useful in asset tracking, productivity enhancement, and safety applications across various sectors, including warehousing, logistics, healthcare, retail, and hospitality. The company has successfully deployed millions of these tags globally, serving a diverse client base that includes industry leaders like Apple, Amazon, and Nike.Estimote generates revenue through the sale of its UWB Tags and associated development kits, which facilitate the creation of location-based applications. The company employs a B2B transaction structure, where clients, including large enterprises and organizations, purchase devices and development kits to integrate into their operational systems. Revenue is also derived from providing technical support, customization services, and access to an online API, which enhances the utility of their products. Estimote's pricing structure includes subscriptions for technical support and potentially tiered pricing for hardware based on volume, with clients incentivized to purchase in bulk due to the scalable nature of the technology.7 mn to expand its product offerings and enhance its market presence. The company is focused on developing new UWB Tag models and improving its existing product lines, though specific release dates for these upcoming products have not been disclosed. Additionally, Estimote aims to penetrate new geographic markets, targeting regions in Europe and Asia for expansion by 2025.
Who invested in Estimote
12 investors across 5 rounds
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Questions about Estimote
Who invested in Estimote?
Estimote has 12 investors on record across 5 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Estimote raised?
Estimote has raised 5 venture rounds. Sign up free to see how much each round raised and the total.
When did Estimote last raise money?
Estimote's most recent round on record is a Series A, in Jan 2016.
What does Estimote do?
Founded in 2012 in New York, US, Estimote develops UWB Tags that offer inch-level precision for location detection.
Where is Estimote headquartered?
Estimote is headquartered in New York, US.
Which VCs invest in companies like Estimote?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back software companies at Estimote's stage. Their profiles are linked below.
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