About Inspirit IoT
Inspirit IoT is a company based in Champaign (United States) founded in 2011.. Inspirit IoT has raised $1.25 million across 4 funding rounds from investors including Touchview Technology and National Science Foundation. Inspirit IoT operates in a competitive market with competitors including Basemark, MathWorks, Primarius, Luos and ChipStack, among others.
- Headquarter Champaign, United States
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Sectors
Technology
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Inspirit Iot Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$1.25 M (USD)
in 4 rounds
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Latest Funding Round
$909.7 K (USD), Grant
Sep 15, 2018
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Investors
Touchview Technology
& 1 more
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Employee Count
Employee Count
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Funding Insights of Inspirit IoT
Inspirit IoT has successfully raised a total of $1.25M across 4 strategic funding rounds. The most recent funding activity was a Grant round of $909.7 thousand completed in September 2018. 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 4
- Last Round Grant — $909,704
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First Round
First Round
(05 Nov 2016)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2018 | Amount | Grant - Inspirit IoT | Valuation |
investors |
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| Jun, 2018 | Amount | Seed - Inspirit IoT | Valuation | Touchview Technology |
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| Feb, 2017 | Amount | Grant - Inspirit IoT | 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 Inspirit IoT
Inspirit IoT has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Touchview Technology and National Science Foundation. 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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A government-backed foundation providing seed-stage investments to support small businesses.
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Founded Year | Domain | Location | |
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Edge intelligent sensing products are provided for AIoT scenarios.
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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 Inspirit IoT
| 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 - Inspirit IoT
| 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 |
Inspirit Iot Comparisons
Competitors of Inspirit IoT
Inspirit IoT 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 Basemark, MathWorks, Primarius, Luos and ChipStack, 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 |
Augmented reality software and tools are developed for automotive applications.
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| domain | founded_year | HQ Location |
Mathematical computing software is developed for algorithm solutions.
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| domain | founded_year | HQ Location |
EDA solutions for chip design development are provided.
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| domain | founded_year | HQ Location |
Developer of an engine for linking systems from microcontrollers to supercomputers
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| domain | founded_year | HQ Location |
Systems for chip design are developed using integrated software stacks.
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| domain | founded_year | HQ Location |
Electronic design automation tools are supplied for diverse industrial sectors.
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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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Latest news on Inspirit Iot
Frequently Asked Questions about Inspirit IoT
When was Inspirit IoT founded?
Inspirit IoT was founded in 2011 and raised its 1st funding round 5 years after it was founded.
Where is Inspirit IoT located?
Inspirit IoT is headquartered in Champaign, United States. It is registered at Champaign, Illinois, United States.
Who is the current CEO of Inspirit IoT?
Deming Chen is the current CEO of Inspirit IoT.
Is Inspirit IoT a funded company?
Inspirit IoT is a funded company, having raised a total of $1.25M across 4 funding rounds to date. The company's 1st funding round was a Grant of $225K, raised on Nov 05, 2016.
What does Inspirit IoT do?
Inspirit IoT provides consulting services for hardware acceleration for IoT applications. The company provides a high-level synthesis and machine-learning optimization toolkit for their solutions. The company has proprietary technologies for audio event detection (includes audio enhancement, event detection (e.g. screaming, gunshots), and keyword detection), Tensorflow-based deep neural network platform for model optimization, and high-level synthesis tool. They received seed funding from National Science Foundation of America and Advanced Digital Sciences Center.
Who are the top competitors of Inspirit IoT?
Who are Inspirit IoT's investors?
Inspirit IoT has 2 investors. Key investors include Touchview Technology, and National Science Foundation.