# Eva Automation

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/eva-automation

- Industry: Consumer Products
- Headquarters: Menlo Park, US
- Website: www.evaautomation.com
- Total disclosed funding: $22M
- Latest round: Series B (Dec 17, 2015)
- Investors on record: 2

## About

Eva Automation develops innovative audio and video products aimed at enhancing home entertainment experiences through seamless technology integration and user-friendly interfaces.Eva Automation was founded in 2014 and is headquartered in Menlo Park, US. The company specializes in audio and video technology and has undergone various strategic shifts since its inception. It raised USD 21.58 mn in a Series B funding round on December 17, 2015, from the investor Formation8, which has contributed to its current valuation of USD 492.95 mn. The company has closed a total of 3 deals as of now.Eva Automation specializes in innovative audio and video products designed to enhance home entertainment experiences. The company focuses on developing an ecosystem of devices and applications that facilitate seamless interaction with home entertainment systems. Their core product offerings include a mobile application for iOS that allows users to control various aspects of their home entertainment systems, alongside API solutions that support integration with third-party services. Eva's solutions target consumers seeking better control and interaction with their audio and video systems, as well as online casino operators looking for enhanced payment solutions. The company's products are marketed primarily in North America and Europe, focusing on tech-savvy consumers and businesses looking to modernize their home entertainment setups.Eva Automation generates revenue through direct-to-consumer sales of its software and hardware products, as well as partnerships with online casino operators. The company employs a transaction structure that includes subscription models for ongoing software services and licensing arrangements for its technology, allowing other businesses to integrate Eva's solutions into their operations. In the case of their flagship mobile application, users typically download the app at no initial cost, with potential in-app purchases or subscription models for premium features. Similarly, partnerships with online casinos may involve revenue-sharing agreements or fixed fees for providing integration services, particularly related to their Paysafe card withdrawal innovations, enhancing user convenience and operational efficiency for these casinos.Eva Automation plans to expand its product offerings with new innovative solutions in audio and video technology, aiming for launch in the upcoming year. The company is focusing on expanding its market presence in Asia and South America by the end of 2025. The recent Series B funding will be utilized to support research and development for new products and to facilitate geographic expansion.

## Funding rounds

- Series B, Dec 17, 2015 — Formation8
- Series A, Nov 24, 2014, $22M — Horizons Ventures, Formation8

## Investors

- Horizons Ventures — Series A
- Formation8 (https://capitalatlas.ai/funds/formation8) — Series A, Series B