About Appareo
Appareo is a company based in Fargo (United States) founded in 2003 was acquired by AGCO in December 2021.. Appareo has raised $4 million across 2 funding rounds from investors including AGCO. Appareo offers products and services including AIRS-400, Stratus Power Max, Aircraft Communication Units, and Aviation Speech Recognition System. Appareo operates in a competitive market with competitors including Blue Sky Network, Spidertracks, RadarBox, Planes Live and Model Airfield, among others.
- Headquarter Fargo, United States
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Sectors
Technology
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Email
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Phone
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Website
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Products & Services of Appareo
Appareo offers a comprehensive portfolio of products and services, including AIRS-400, Stratus Power Max, Aircraft Communication Units, and Aviation Speech Recognition System. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Records video and flight data for aviation safety analysis.
Provides high-power charging for devices in aircraft environments.
Enables computing and communication for various aircraft types.
Transcribes aviation audio into text for real-time use.
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Funding Insights of Appareo
Appareo has successfully raised a total of $4M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $4 million completed in January 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series A — $4.0M
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First Round
First Round
(01 Feb 2020)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2021 | Amount | Series A - Appareo | Valuation |
investors |
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| Feb, 2020 | Amount | Debt – Conventional - Appareo | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Investors in Appareo
Appareo has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include AGCO. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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On-field and off-field agriculture machinery is manufactured and marketed.
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Investments & Acquisitions by Appareo
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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Fine Asian gourmet food is offered by an internet-first restaurant.
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Appareo
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Appareo Comparisons
Competitors of Appareo
Appareo operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Blue Sky Network, Spidertracks, RadarBox, Planes Live and Model Airfield, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Provider of GSM and iridium-based fleet management and satellite tracking solutions
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Cloud-enabled satellite tracking systems are supplied for the airline industry.
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App for live flight tracking & airport status
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Offers a comprehensive app for flight tracking and monitoring services.
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Offers a web-based app for real-time flight monitoring and tracking services.
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Appareo
Frequently Asked Questions about Appareo
When was Appareo founded?
Appareo was founded in 2003 and raised its 1st funding round 17 years after it was founded.
Where is Appareo located?
Appareo is headquartered in Fargo, United States. It is registered at Fargo, North Dakota, United States.
Is Appareo a funded company?
Appareo is a funded company, having raised a total of $4M across 2 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $2.5M, raised on Feb 01, 2020.
What does Appareo do?
Appareo was founded in 2003 in Fargo, United States, where aviation-focused technologies are developed. Operations center on AI and cloud-based solutions for flight data monitoring and connectivity. Products encompass aircraft communication units for telematics, recoverable data modules for crash-hardened storage, cockpit image and audio recorders, aviation speech recognition systems for air traffic control, USB power charging for devices, and the Stratus line of ADS-B equipment for general aviation.
Who are the top competitors of Appareo?
Appareo's top competitors include Spidertracks, Blue Sky Network and RadarBox.
What products or services does Appareo offer?
Appareo offers AIRS-400, Stratus Power Max, Aircraft Communication Units, and Aviation Speech Recognition System.
Who are Appareo's investors?
Appareo has 1 investor. Key investors include AGCO.