About itm8
itm8 is a company based in Herning (Denmark) founded in 2018 was acquired by Axcel in May 2022. itm8 has raised $34.37 million across 3 funding rounds from investors including Axcel. The company has 45 employees as of November 30, 2023. itm8 has completed 1 acquisition, including ComputerBusinessCenter. itm8 offers products and services including Cyber Security, Cloud & Infrastructure, and Digital Transformation. itm8 operates in a competitive market with competitors including UST, Genpact, 1&1 IONOS, Happiest Minds and Accenture, among others.
- Headquarter Herning, Denmark
- Employees 45 as on 30 Nov, 2023
- Stage Unicorn
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Sectors
Technology
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Phone
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Website
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Social
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Annual Revenue
Not available
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Net Profit
$3.55 M (USD)-6as on Dec 31, 2021
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EBITDA
Not available
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Total Equity Funding
$34.37 M (USD)
in 3 rounds
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Latest Funding Round
$2.95 M (USD), Series C
Dec 17, 2020
- Investors
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Employee Count
45
as on Nov 30, 2023
- Investments & Acquisitions
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Acquired by
Axcel
(May 18, 2022)
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Products & Services of itm8
itm8 offers a comprehensive portfolio of products and services, including Cyber Security, Cloud & Infrastructure, and Digital Transformation.
Provides protection against cyber threats and incident response.
Offers outsourcing and management of cloud services for businesses.
Delivers software development and AI solutions for business improvement.
People of itm8
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Funding Insights of itm8
itm8 has successfully raised a total of $34.37M across 3 strategic funding rounds. The most recent funding activity was a Series C round of $2.95 million completed in December 2020. 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.
Investors in itm8
itm8 has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Axcel.
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Axcel is engaged in private equity investments for value creation.
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Investor details for itm8
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Investments & Acquisitions by itm8
itm8 has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include ComputerBusinessCenter.
Investment portfolio details for itm8
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- Portfolio identities
- Transaction dates
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Managed hosting and computer services are provided internationally.
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Complete acquisition details for itm8
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Financial Statements - itm8
Detailed financials for itm8
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Itm8 Comparisons
Peer comparison for itm8
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Competitors of itm8
itm8 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 UST, Genpact, 1&1 IONOS, Happiest Minds and Accenture, among others.
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High-quality office furniture is provided by UST for various needs.
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Provider of end-to-end business process outsourcing services
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Cloud infrastructure and hosting services are provided by 1&1 IONOS.
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IT outsourcing services are delivered across multiple business lines.
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IT and management consultancy services are provided globally.
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Application development, cloud, cybersecurity, and business intelligence services are provided.
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Detailed competitors of itm8
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Latest news on Itm8
Complete news archive for itm8
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Frequently Asked Questions about itm8
itm8 was founded in 2018.
itm8 is headquartered in Herning, Denmark.
itm8 is a funded company, having raised a total of $34.37M across 3 funding rounds to date.
As of Nov 30, 2023, the latest employee count at itm8 is 45.
itm8 was founded in 2018 and is based in Herning, Denmark. IT services encompassing app development, cloud infrastructure, security measures, and operational support are delivered by the company. Operations are centered on technology solutions for various clients, with emphasis placed on reliable implementation across these areas. The domain itm8.com serves as the primary online presence for these activities.
itm8's top competitors include Happiest Minds, Mavenir and 1&1 IONOS.
itm8 offers Cyber Security, Cloud & Infrastructure, and Digital Transformation.
itm8 has made 1 acquisition, including ComputerBusinessCenter.
itm8 has 1 investor. Key investors include Axcel.
The valuation of itm8 is $1.78B as of Dec 2020.