About Intelligent Mechatronic Systems
Intelligent Mechatronic Systems is a Financial Services company based in Waterloo (Canada) founded in 1999, and was acquired by Trak Global Group in December 2018. Telematics solutions for insurance and connected car services are provided. It operates in the Financial Services, Technology, and Transportation, Automotive & Logistics sectors. Intelligent Mechatronic Systems has completed 2 acquisitions, including Intelligent Mechatronic Systems and Urban Informatics Corporation. The company was acqui-hired. Its focus areas include Connected Vehicles, Connected Car Platform, Development Platform and Auto Tech. Its competitors include IMS, Titan GPS and Raven Connected.
Company details
Intelligent Mechatronic Systems was founded in 1999 in Waterloo, Canada. Telematics solutions are offered by the company within the insurance sector, with a focus on usage-based insurance models. Connected car experiences are delivered through these solutions, alongside services such as vehicle monitoring, driver training programs, reward point systems, and fleet management tools. Operations center on integrating data-driven insights for automotive applications.
- Headquarters Waterloo, Canada
- Stage Acquired
- SectorsFinancial ServicesTechnology Transportation, Automotive & Logistics
- Website intellimec.com
- Social LinkedIn X Facebook
- Acquired by Trak Global Group (Dec 2018)
- Latest Funding Round$4M (USD), Debt – Conventional
Jul 2013
- InvestorsTrak Global Group
& 1 more
- Investments & AcquisitionsIntelligent Mechatronic Systems
& 1 more
- Acquired byTrak Global Group
(Dec 2018)
Funding Insights of Intelligent Mechatronic Systems
- Total Rounds 1
- Last Round Debt – Conventional — $4M
- First Round $4M
(Jul 2013)
- Investors Count 1
All 1 funding rounds of Intelligent Mechatronic Systems 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 |
|---|---|---|---|---|---|
| Jul 2013 | $4M | Debt – Conventional | – | – |
2 investors in total: 2 institutional.
Investors in Intelligent Mechatronic Systems
Intelligent Mechatronic Systems has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Trak Global Group and B.E.S.T. Funds.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital and private equity investments are managed by B.E.S.T. Funds. | 1996 | bestfunds.ca | Toronto, Canada | |
Data and monitoring solutions for auto insurance are provided. | 2009 | trakglobalgroup.com | Crewe, United Kingdom |
Investor details for Intelligent Mechatronic Systems
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Investments & Acquisitions by Intelligent Mechatronic Systems
Intelligent Mechatronic Systems has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Intelligent Mechatronic Systems and Urban Informatics Corporation.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Traffic data is crowd-sourced and analyzed for urban management solutions. | intellione.com | Waterloo, Canada | 2009 | Jun 2011 | •••• | |
Real-time traffic data is analyzed using anonymous cell phone signals. | uinformatics.com | Atlanta, United States | 1999 | Feb 2011 | •••• |
Complete acquisition details for Intelligent Mechatronic Systems
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Timeline of Intelligent Mechatronic Systems
5 dated milestones of Intelligent Mechatronic Systems across 19 years, from founding to its latest funding, stage changes and deals.
- Founded Intelligent Mechatronic Systems is founded.
- Acquisition Acquires Urban Informatics Corporation.
- Acquisition Acquires Intelligent Mechatronic Systems.
- Funding First funding round of $4.0M.
- Exit Acquired by Trak Global Group.
Competitors of Intelligent Mechatronic Systems
Intelligent Mechatronic Systems has 3 listed competitors in our database. They include IMS, Titan GPS and Raven Connected.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| ims.tech | 2019 | Waterloo, Canada | 302 | Usage-based insurance solutions for connected vehicles are offered by IMS. | ||
| titangps.com | 2004 | Edmonton, Canada | Provider of AI & web-based fleet management solutions | |||
| ravenconnected.com | 2015 | Ottawa, Canada | IoT-enabled vehicle tracking and driver monitoring solutions are provided. |
Detailed competitors of Intelligent Mechatronic Systems
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Web traffic of Intelligent Mechatronic Systems
Websites that share an audience with Intelligent Mechatronic Systems (intellimec.com).
Websites whose visitors overlap most with Intelligent Mechatronic Systems. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
ims-florida.com | ims-florida.com | 100% | – | ||
| ims-pos.com | 62% | 1.7K | #9,107,497 | View details | |
ims.fi | ims.fi | 62% | #571,716 | – | |
canada.marsh.com | canada.marsh.com | 41% | – | ||
autoims.com | autoims.com | 39% | #313,221 | – | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 6 similar websites and full traffic analytics for Intelligent Mechatronic Systems
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Related news about Intelligent Mechatronic Systems
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Frequently Asked Questions about Intelligent Mechatronic Systems
Intelligent Mechatronic Systems was founded in 1999 and raised its 1st funding round 14 years after it was founded.
Intelligent Mechatronic Systems is headquartered in Waterloo, Canada. It is registered at Waterloo, Ontario, Canada.
Intelligent Mechatronic Systems was founded in 1999 in Waterloo, Canada. Telematics solutions are offered by the company within the insurance sector, with a focus on usage-based insurance models. Connected car experiences are delivered through these solutions, alongside services such as vehicle monitoring, driver training programs, reward point systems, and fleet management tools. Operations center on integrating data-driven insights for automotive applications.
Intelligent Mechatronic Systems's top competitors include IMS, Raven Connected and Titan GPS.
Intelligent Mechatronic Systems has made 2 acquisitions, including Intelligent Mechatronic Systems, and Urban Informatics Corporation.
Intelligent Mechatronic Systems has 2 investors. Key investors include Trak Global Group, and B.E.S.T. Funds.
Yes. Intelligent Mechatronic Systems was acquired by Trak Global Group in December 2018.