About AVID Technology Group
AVID Technology Group is a company based in Cramlington (United Kingdom) founded in 2004 was acquired by Turntide in June 2021. AVID Technology Group has raised $17.75 million across 7 funding rounds from investors including Turntide, Downing and Maven Capital Partners. The company has 60 employees as of December 31, 2022. AVID Technology Group offers products and services including Slot88 Platform. AVID Technology Group operates in a competitive market with competitors including VIA Motors, IRP Systems, Libertine, ISE Corporation and TransPower, among others.
- Headquarter Cramlington, United Kingdom
- Employees 60 as on 31 Dec, 2022
- Stage Minicorn
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Sectors
Transportation, Automotive & Logistics
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- Legal Name Avid Technology Limited
- Date of Incorporation 28 Nov, 2003
- Jurisdiction GATESHEAD, UNITED KINGDOM
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Products & Services of AVID Technology Group
AVID Technology Group offers a comprehensive portfolio of products and services, including Slot88 Platform.
Platform for playing slot games with bonuses and high RTP.
Funding Insights of AVID Technology Group
AVID Technology Group has successfully raised a total of $17.75M across 7 strategic funding rounds. The most recent funding activity was a Series A round of $9.21 million completed in March 2019. 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.
Investors in AVID Technology Group
AVID Technology Group has secured backing from 17 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Turntide, Downing and Maven Capital Partners.
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Private equity investments are managed across the UK.
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Investment finance is provided to small and medium-sized enterprises.
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Investor details for AVID Technology Group
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Investments & Acquisitions by AVID Technology Group
Investment portfolio details for AVID Technology Group
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Financial Statements - AVID Technology Group
Detailed financials for AVID Technology Group
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Avid Technology Group Comparisons
Peer comparison for AVID Technology Group
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Competitors of AVID Technology Group
AVID Technology Group 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 VIA Motors, IRP Systems, Libertine, ISE Corporation and TransPower, among others.
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Electric drive systems for commercial vehicles are provided.
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Software-defined electric powertrain systems for micromobility are provided.
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Linear power systems are provided for free-piston engine uses.
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Hybrid electric drive systems for heavy-duty vehicles were developed.
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Electric drive systems for commercial vehicles and battery energy storage systems
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Developer of powertrain system for multi-category vehicles
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Detailed competitors of AVID Technology Group
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Latest news on Avid Technology Group
Complete news archive for AVID Technology Group
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Frequently Asked Questions about AVID Technology Group
AVID Technology Group was founded in 2004 and raised its 1st funding round 6 years after it was founded.
AVID Technology Group is headquartered in Cramlington, United Kingdom. It is registered at Cramlington, Northumberland, United Kingdom.
AVID Technology Group is a funded company, having raised a total of $17.75M across 7 funding rounds to date.
As of Dec 31, 2022, the latest employee count at AVID Technology Group is 60.
AVID Technology Group was founded in 2004 in Cramlington, United Kingdom, within the automotive sector. Electric drive systems and thermal management solutions for hybrid and electric vehicles are produced. Electrification and intelligent control of engine ancillaries, thermal systems, and hybrid components are specialized in. Drivetrain elements such as alternators and pumps are developed, including the Fan Micro Hybrid System (MHS) that replaces conventional engine cooling.
AVID Technology Group's top competitors include VIA Motors, IRP Systems and Libertine.
AVID Technology Group offers Slot88 Platform.
AVID Technology Group has 17 investors. Key investors include Turntide, Downing, Maven Capital Partners, NVM Private Equity, and North East Fund.
The valuation of AVID Technology Group is $58.34M as of Jul 2016.