About HitSeed
HitSeed is a company based in Espoo (Finland) founded in 2012. HitSeed offers products and services including Sensor Computers, Platform, and Professional Services. HitSeed operates in a competitive market with competitors including Celeno, Memfault, Xyte, Hara and Converge, among others.
- Headquarter Espoo, Finland
- SectorsTechnology
- Email••••••••
- Phone•••• ••••
- Website hitseed.com
- Social LinkedIn X Facebook
- Latest Funding Round$54.94K (USD), Grant
May 2015
- InvestorsEuropean Union
& 1 more
Products & Services of HitSeed
HitSeed offers a comprehensive portfolio of products and services, including Sensor Computers, Platform, and Professional Services.
Devices that collect and analyze sensor data autonomously via machine learning.
Tools for programming sensor computers and integrating with mobile devices.
Services to develop and deploy sensor-based solutions for businesses.
Funding Insights of HitSeed
- Total Rounds 2
- Last Round Grant — $54,939
- First Round $62,340
(Dec 2014)
- Investors Count 2
All 2 funding rounds of HitSeed with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May 2015 | $54,939 | Grant | – | – | |
| Dec 2014 | $62,340 | Grant | – | – |
2 investors in total: 2 institutional.
Investors in HitSeed
HitSeed has secured backing from 2 investors, including institutional and venture fund investors. Prominent investors backing the company include European Union and EIC Fund.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Government agency and accelerator focusing on innovative startups and SMEs | – | eicfund.eu | Brussels, Belgium | |
Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability | 1958 | europa.eu | Brussels, Belgium |
Investor details for HitSeed
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Timeline of HitSeed
3 dated milestones of HitSeed across 3 years, from founding to its latest funding, stage changes and deals.
- Founded HitSeed is founded.
- Funding First funding round of $62K.
- Funding Latest funding round, Grant, of $55K.
Competitors of HitSeed
HitSeed 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 Celeno, Memfault, Xyte, Hara and Converge, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| celeno.com | 2005 | – | $116.2M | – | Provides high performance WiFi chips and software | |
| memfault.com | 2015 | San Francisco, United States | $35M | 41 | Embedded software patch management is delivered for consumer electronics devices. | |
| xyte.io | 2019 | Tel Aviv, Israel | $20M | – | Cloud-based servitization platform is provided for OEM connected devices. | |
| hara.com | 2008 | Minneapolis, United States | $45M | 630 | Energy and sustainability management is facilitated via a cloud-based platform. | |
| converge.io | 2014 | London, United Kingdom | $40.8M | 36 | Sensor networks are utilized for monitoring construction sites. | |
| kii.com | 2010 | San Mateo, United States | $10.31M | – | Mobile Backend-as-a-Service and IoT cloud platform are offered by Kii. | |
| archsys.io | 2015 | Mountain View, United States | $19.5M | 17 | Cloud-based platforms and devices for IoT remote applications are developed. | |
| zipitwireless.com | 2007 | Greenville, United States | $12.86M | – | Wireless device connectivity and management are facilitated by Zipit Wireless. | |
| smartm.com | 1985 | Newark, United States | – | 3,000 | Manufacturer of non-volatile memory solutions | |
| datoms.io | 2015 | Bengaluru, India | $2.22M | 48 | Industrial IoT platform provided for OEMs and system integrators. |
Detailed competitors of HitSeed
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Similar companies to HitSeed
10 companies that operate in the same segment as HitSeed (Sensors & Smart Devices), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Smart fitness equipment and streaming platforms are provided. | 2011 | New York, New York, United States | USD 995.53 M | USD 2.45 B | 2,660 | |
VR-based head-mounted displays for gaming are provided by Oculus. | 2012 | Menlo Park, California, United States | USD 107.05 M | – | – | |
Connected devices for health, sleep, and activity monitoring are developed. | 2008 | Moulineaux, Seine-maritime, France | USD 93.83 M | – | – | |
Cloud-based business telephony and home security services are provided. | 2004 | Palo Alto, California, United States | USD 87.97 M | USD 273.6 M | 1,190 | |
Cloud-based smart security cameras are manufactured for home use. | 1999 | Provo, Utah, United States | USD 172 M | USD 341.04 M | 11,275 | |
Video streaming devices and platforms are provided by Roku. | 2008 | San Jose, California, United States | USD 213.57 M | USD 4.74 B | 3,340 | |
Provider of hardware and software for monitoring home energy consumption | 2010 | Palo Alto, California, United States | USD 80 M | – | – | |
Developer of LiDAR-based sensors | 2002 | San Francisco, California, United States | USD 129 M | USD 169.38 M | 192 | |
Internet first brand offering wearable breast pumps | 2013 | London, England, United Kingdom | USD 157.63 M | – | – | |
Metabolic health is tracked via devices and fitness platforms. | 2019 | Bengaluru, Karnataka, India | USD 163.28 M | USD 65.48 M | 274 |
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Frequently Asked Questions about HitSeed
HitSeed was founded in 2012 and raised its 1st funding round 2 years after it was founded.
HitSeed is headquartered in Espoo, Finland.
HitSeed was founded in 2012 in Espoo, Finland, and operates in the IoT sector. Hardware and software solutions are provided to support local intelligence in connected devices. The SeedNode platform is offered as battery-operated sensor computers, featuring over one year of battery life, Bluetooth Low Energy connectivity, extensibility through shields and scripts, and ARM Cortex-M microcontrollers. Developer tools and libraries are included for onboard sensing applications.
HitSeed offers Sensor Computers, Platform, and Professional Services.
HitSeed has 2 investors. Key investors include European Union, and EIC Fund.