About Evi
Evi is a company based in Cambridge (United Kingdom) founded in 2005 was acquired by Amazon in April 2013.. Evi has raised $4 million across 2 funding rounds from investors including Amazon and Octopus Ventures. The company has 669 employees as of December 31, 2023. Evi operates in a competitive market with competitors including Character.ai, Krutrim, Voiceitt, Tellme and Replika, among others.
- Headquarter Cambridge, United Kingdom
- Employees 669 as on 31 Dec, 2023
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Sectors
Technology
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Evi Technologies Limited
- Date of Incorporation 10 Feb, 2003
- Jurisdiction LONDON, ENGLAND
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Annual Revenue
$156.7 M (USD)0as on Dec 31, 2023
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Net Profit
$12.6 M (USD)0as on Dec 31, 2023
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EBITDA
$17.8 M (USD)0as on Dec 31, 2023
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Total Equity Funding
$4 M (USD)
in 2 rounds
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Latest Funding Round
$4 M (USD), Series A
Jul 30, 2008
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Investors
Amazon
& 1 more
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Employee Count
669
as on Dec 31, 2023
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Acquired by
Amazon
(Apr 17, 2013)
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Funding Insights of Evi
Evi 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 July 2008. 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
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2008 | Amount | Series A - Evi | Valuation |
investors |
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| Jun, 2007 | Amount | Seed - Evi | 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 Evi
Evi has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include Amazon and Octopus Ventures. 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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Venture capital investment and support for founders in technology and health sectors.
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Founded Year | Domain | Location | |
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Multi-category products are offered through an online marketplace.
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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 Evi
| 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 - Evi
| 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 |
Evi Comparisons
Competitors of Evi
Evi 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 Character.ai, Krutrim, Voiceitt, Tellme and Replika, 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 |
AI-based conversational solutions are provided for user interactions and learning.
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| domain | founded_year | HQ Location |
AI tools and infrastructure are developed for generative applications.
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| domain | founded_year | HQ Location |
Virtual assistant tool for speech disabilities is developed and offered.
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| domain | founded_year | HQ Location |
Voice recognition technology for phone-based information access is provided.
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| domain | founded_year | HQ Location |
An AI companion is developed for emotional support and conversation.
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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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Frequently Asked Questions about Evi
When was Evi founded?
Evi was founded in 2005 and raised its 1st funding round 2 years after it was founded.
Where is Evi located?
Evi is headquartered in Cambridge, United Kingdom. It is registered at Cambridge, Cambridgeshire, United Kingdom.
Is Evi a funded company?
Evi is a funded company, having raised a total of $4M across 2 funding rounds to date.
How many employees does Evi have?
As of Dec 31, 2023, the latest employee count at Evi is 669.
What is the annual revenue of Evi?
Annual revenue of Evi is $156.7M as on Dec 31, 2023.
What does Evi do?
Evi, an offering og TrueKnowledge, is a digital personal assistant for both iOS and Android devices. It claims to utilize natural conversational input to allow a user to ask for information or perform tasks by speaking in a totally natural manner without pre-programmed voice commands. Also utilises a variety of information sources including own database of nearly a billion facts as well as numerous external resources. Claims that the technology is non-statistical, as in that it knows when it cannot understand the users question or provide an answer thereby allowing it to complement existing search technologies producing its direct answers when it can and other results such as standard internet search results when it cannot.
Who are the top competitors of Evi?
Evi's top competitors include Character.ai, Krutrim and Replika.
Who are Evi's investors?
Evi has 2 investors. Key investors include Amazon, and Octopus Ventures.