About Byte Motion
Byte Motion is a company based in Vasteras (Sweden) founded in 2017.. Byte Motion offers products and services including Optimus, Quality Control, Pick and Place, Pallet Inspection, and Human Assisted Vision. Byte Motion operates in a competitive market with competitors including Olis Robotics, Extend Robotics, Cognicept, Voysys and Telefactor Robotics, among others.
- Headquarter Vasteras, Sweden
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Sectors
Industrial Goods & Manufacturing
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Email
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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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Latest Funding Round
$55.29 K (USD), Grant
Mar 31, 2020
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Investors
European Union
& 1 more
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Employee Count
Employee Count
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Products & Services of Byte Motion
Byte Motion offers a comprehensive portfolio of products and services, including Optimus, Quality Control, Pick and Place, Pallet Inspection, and Human Assisted Vision. 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.
Integrates AI with industrial setups for automation tasks
Identifies defects and monitors production processes
Automates assembly and handling in manufacturing
Verifies pallet integrity and counts items accurately
Enables human-robot collaboration in industrial tasks
Funding Insights of Byte Motion
- Total Funding Total Funding
- Total Rounds 3
- Last Round Grant — $55,285
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First Round
First Round
(01 Dec 2019)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Mar, 2020 | Amount | Grant - Byte Motion | Valuation |
investors |
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| Jan, 2020 | Amount | Grant - Byte Motion | Valuation |
investors |
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| Dec, 2019 | Amount | Grant - Byte Motion | 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 Byte Motion
Byte Motion has secured backing from 2 investors, including institutional and venture fund investors. Prominent investors backing the company include European Union and EIC Fund. 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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Government agency and accelerator focusing on innovative startups and SMEs
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Founded Year | Domain | Location | |
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Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability
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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 Byte Motion
| 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 |
Financial Statements - Byte Motion
| 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 |
Byte Motion Comparisons
Competitors of Byte Motion
Byte Motion 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 Olis Robotics, Extend Robotics, Cognicept, Voysys and Telefactor Robotics, 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 |
Robotics control software for remote operations and autonomy is provided.
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| domain | founded_year | HQ Location |
VR-based software solutions for robotic inspection and maintenance are provided.
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| domain | founded_year | HQ Location |
Robotic error-handling solutions using human-in-the-loop technology are provided.
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| domain | founded_year | HQ Location |
Software for teleoperation of vehicles, machines, and robots is provided.
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| domain | founded_year | HQ Location |
Develops solutions for robots, tele-presence devices and human machine interfaces
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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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Frequently Asked Questions about Byte Motion
When was Byte Motion founded?
Byte Motion was founded in 2017 and raised its 1st funding round 2 years after it was founded.
Where is Byte Motion located?
Byte Motion is headquartered in Vasteras, Sweden. It is registered at Vasteras, Vastmanland, Sweden.
Who is the current CEO of Byte Motion?
Tommy Jonsson is the current CEO of Byte Motion.
What does Byte Motion do?
Byte Motion was founded in 2017 in Vasteras, Sweden, as a provider of operational software utilizing augmented reality (AR) and virtual reality (VR) for telepresence robots. Remote control, programming, and operation of these robots are facilitated through integration with third-party VR equipment, support for multiple cameras including rear views, and voice commands. Applications span rescue operations, hazardous environments, homes, healthcare, entertainment, and nursing services.
Who are the top competitors of Byte Motion?
Byte Motion's top competitors include Olis Robotics, Cognicept and Extend Robotics.
What products or services does Byte Motion offer?
Byte Motion offers Optimus, Quality Control, Pick and Place, Pallet Inspection, and Human Assisted Vision.
Who are Byte Motion's investors?
Byte Motion has 2 investors. Key investors include European Union, and EIC Fund.