# Sewio Networks

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/sewio-networks

- Industry: Consumer Products
- Headquarters: Brno, Czech Republic
- Website: www.sewio.net
- Total disclosed funding: $1M
- Latest round: Series A (Sep 2, 2015)
- Investors on record: 1

## About

Sewio Networks specializes in Real-time Location Systems (RTLS) that utilize ultrawideband technology for precise indoor tracking, enhancing operational efficiency and safety across various industries.Founded in 2014 in Brno, Czech Republic, Sewio Networks focuses on developing advanced RTLS solutions that allow for real-time asset tracking across diverse sectors. The company, led by CEO Milan Simek, has successfully completed 2 funding rounds, raising a total of USD 1.00 mn. The latest funding round, a Series A, took place on August 6, 2024, underlining the company's growth in the RTLS market. In August 2024, Sewio Networks was acquired by HID Global Corporation, aiming to expand their offerings in the market.Sewio Networks s.r.o. specializes in providing a Real-time Location System (RTLS) based on ultrawideband (UWB) technology, designed for precise indoor tracking across various industries. Their core offerings include comprehensive hardware and software solutions that enable businesses to efficiently track assets, employees, and equipment in real time, thus enhancing operational productivity, safety, and cost-effectiveness. Sewio’s solutions have been effectively implemented in diverse sectors including manufacturing, logistics, and warehousing, serving clients such as Budweiser Budvar and Volkswagen. The company has established a strong presence in various geographical markets, focusing on regions where advanced indoor tracking solutions are essential for optimizing industrial operations, including Europe and North America.Sewio Networks operates on a business-to-business (B2B) model, primarily generating revenue through the sale of its RTLS products and associated services. For the year 2023, the company recorded a revenue of USD 3,273,406.50 with an EBITDA of USD 511,906.50. Revenue streams include direct sales of hardware kits, subscriptions for software updates, and additional support services such as training and consulting tailored to the needs of their clients. The structured nature of these transactions allows Sewio to maintain strong relationships with its clients while providing them with effective solutions tailored to their operational needs.Following its acquisition by HID Global Corporation in August 2024, Sewio Networks plans to leverage this partnership to enhance its product offerings and solidify its position in the RTLS market. The focus will be on developing new UWB-based products designed for broader applications, although specific release dates have not been disclosed. The recent funding will support these initiatives, ensuring that Sewio can continue to provide advanced solutions in the evolving landscape of indoor tracking technology.

## Funding rounds

- Series A, Sep 2, 2015, $1M — Y Soft Venture Capital

## Investors

- Y Soft Venture Capital (https://capitalatlas.ai/funds/y-soft-venture-capital) — Series A