About Bestech
Bestech is a company based in Melbourne (Australia) founded in 2002 was acquired by Redwood North in October 2024.. Bestech has completed 1 acquisition, including Transtech. Bestech offers products and services including Industrial Sensors, Data Acquisition Systems, and Teaching Equipment. Bestech operates in a competitive market with competitors including Sensata, TE Connectivity, Infineon, Sensirion and AAC Technologies, among others.
- Headquarter Melbourne, Australia
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Sectors
Technology
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Annual Revenue
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Latest Funding Round
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- Investments & Acquisitions
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Acquired by
Redwood North
(Oct 02, 2024)
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Products & Services of Bestech
Bestech offers a comprehensive portfolio of products and services, including Industrial Sensors, Data Acquisition Systems, and Teaching Equipment. 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.
Devices for measuring displacement, pressure, and vibration in industrial applications.
Modular systems for collecting and analyzing data in testing scenarios.
Equipment for practical training in engineering and vocational fields.
Funding Insights of Bestech
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 Bestech
Bestech has secured backing from 1 investor. Prominent investors backing the company include Redwood North. 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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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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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 Bestech
Bestech has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Transtech. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Integrated transport management solutions are offered for logistics operations.
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Bestech
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Bestech Comparisons
Competitors of Bestech
Bestech 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 Sensata, TE Connectivity, Infineon, Sensirion and AAC Technologies, 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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Multi-parametric sensors and electronic control systems are manufactured.
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Manufacturer of sensors and connectivity solutions
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Multiple analog and mixed-signal ICs are manufactured for various applications.
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Sensors for humidity, gas, and liquid flows are developed.
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Electronic components for smart devices and smartphones are manufactured.
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Multi-parameter sensors and ICs are manufactured for automotive applications.
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| Company Name | Domain | Founded year | HQ Location | Description |
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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 Bestech
Frequently Asked Questions about Bestech
When was Bestech founded?
Bestech was founded in 2002.
Where is Bestech located?
Bestech is headquartered in Melbourne, Australia. It is registered at Melbourne, Victoria, Australia.
What does Bestech do?
Bestech was founded in 2002 in Melbourne, Australia, and operates in the industrial sensors sector. Various sensors are manufactured and distributed for measuring parameters such as displacement, angle and tilt, pressure, temperature, strain, force, torque, acceleration and vibration, and viscosity. A new RFID series integrates these sensors with RFID transponders, allowing stored measurements to be transmitted via the RFID interface. Operations focus on supply to industrial applications.
Who are the top competitors of Bestech?
Bestech's top competitors include Sensata, Infineon and TE Connectivity.
What products or services does Bestech offer?
Bestech offers Industrial Sensors, Data Acquisition Systems, and Teaching Equipment.
How many acquisitions has Bestech made?
Bestech has made 1 acquisition, including Transtech.
Who are Bestech's investors?
Bestech has 1 investor. Key investors include Redwood North.