About Area X.O
Area X.O is a company based in Ottawa (Canada) founded in 2020.. Area X.O has raised $7.62 million across 3 funding rounds from investors including Microsoft, Ericsson and Nokia. Area X.O operates in a competitive market with competitors including Applied Autonomy, AstaZero, ALP Lab, Beijing Zuozhi Automobile Technology and GoMentum Station, among others.
- Headquarter Ottawa, Canada
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Sectors
Transportation, Automotive & Logistics
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$7.62 M (USD)
in 3 rounds
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Latest Funding Round
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Investors
Microsoft
& 7 more
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Employee Count
Employee Count
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Funding Insights of Area X.O
Area X.O has successfully raised a total of $7.62M across 3 strategic funding rounds. 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 3
- Last Round Last Round
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First Round
First Round
(13 Oct 2020)
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2023 | Amount | Grant - Area X.O | Valuation |
investors |
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| Oct, 2020 | Amount | Series A - Area X.O | Valuation | QNX , Microsoft |
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| Oct, 2020 | Amount | Grant - Area X.O | Valuation |
investors |
| 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 |
investors |
Investors in Area X.O
Area X.O has secured backing from 8 investors, including institutional investors. Prominent investors backing the company include Microsoft, Ericsson and Nokia. 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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It serves as a government backed investment fund focused on the economic growth of southern ontorio.
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Founded Year | Domain | Location | |
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Manufacturer of the middleware, hypervisors and other software solution for embedded applications
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Founded Year | Domain | Location | |
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Microsoft is recognized for software, hardware, and gaming solutions.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Area X.O
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Area X.O
| 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 |
investors |
Area X.O Comparisons
Competitors of Area X.O
Area X.O 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 Applied Autonomy, AstaZero, ALP Lab, Beijing Zuozhi Automobile Technology and GoMentum Station, 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 |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provider of testing solution for autonomous vehicles
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| domain | founded_year | HQ Location |
Independent test facility for automated vehicle safety and innovation systems.
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| domain | founded_year | HQ Location |
Offers consulting, testing, and implementation for smart vehicles and mobility solutions.
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| domain | founded_year | HQ Location |
Provider of autonomous vehicle test facility & research center
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| domain | founded_year | HQ Location |
Autonomous and connected vehicle technologies are tested at the facility.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Area X.O
Frequently Asked Questions about Area X.O
When was Area X.O founded?
Area X.O was founded in 2020.
Where is Area X.O located?
Area X.O is headquartered in Ottawa, Canada. It is registered at Ottawa, Ontario, Canada.
Is Area X.O a funded company?
Area X.O is a funded company, having raised a total of $7.62M across 3 funding rounds to date. The company's 1st funding round was a Series A of $7.62M, raised on Oct 13, 2020.
What does Area X.O do?
Area X.O was founded in 2020 in Ottawa, Canada. Solutions are offered for the development, testing, and application of technologies in sectors including mobility, autonomy, and connectivity. Operations focus on telecom, smart agriculture, defense, security, public safety, unmanned aerial vehicles, and smart cities. Services support the creation, commercialization, and adoption of innovations that address community, economic, and environmental needs.
Who are the top competitors of Area X.O?
Area X.O's top competitors include GoMentum Station, 4activeSystems and Applied Autonomy.
Who are Area X.O's investors?
Area X.O has 8 investors. Key investors include Microsoft, Ericsson, Nokia, TÜV SÜD, and Kongsberg Geospatial.