About Litbit
Litbit was a Technology company based in Palo Alto (United States) founded in 2013 by JP Balajadia and Scott Noteboom. An operating system designed for industrial IoT applications. It operates on a B2B model. Litbit has raised $7 million across 1 funding round from investors including Storm Ventures, Illuminate Ventures and Correlation Ventures. The company has 8 employees. Its chief executive, as recorded, is Scott Noteboom. The company is recorded as dissolved. Its focus areas include IoT, Industrial Solutions and Operating Systems. Its competitors include Pepper, Aetheros and Lynx Software Technologies; 2 of its 3 listed competitors have raised funding.
Company details
Litbit, led by JP Balajadia as Co-Founder, VP Engineering, Scott Noteboom as Founder, CEO, specializes in leveraging cutting-edge technology, iot, industrial solutions, and operating systems. An operating system designed for industrial IoT applications. The team drives innovation, quality service, and sustainable practices to achieve excellence and client satisfaction.
- Headquarters Palo Alto, United States
- Employees 8
- Founders JP Balajadia, Scott Noteboom
- SectorsTechnology
- Website litbit.com
- Social X Facebook
- Legal Name Litbit
- Total Equity Funding$7M (USD)
in 1 rounds
- Latest Funding Round$7M (USD), Series A
May 2016
- InvestorsStorm Ventures
& 3 more
- Employee Count8
Funding Insights of Litbit
Litbit has successfully raised a total of $7M through 1 strategic funding round. The most recent funding activity was a Series A round of $7 million completed in May 2016. 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 $7M
- Total Rounds 1
- Last Round Series A — $7M
- First Round $7M
(May 2016)
- Investors Count 4
All 1 funding rounds of Litbit 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 2016 | $7M | Series A | – | – |
4 investors in total: 4 institutional.
Investors in Litbit
Litbit has secured backing from 4 investors, including venture fund investors. Prominent investors backing the company include Storm Ventures, Illuminate Ventures and Correlation Ventures.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital fund focused on multiple sectors | stormventures.com | Menlo Park, United States | ||
Early-stage venture capital is provided by Illuminate Ventures for B2B software startups. | illuminate.com | Oakland, United States | ||
Venture capital firm focused on aerospace, biopharma, consumer, and multiple sectors | correlationvc.com | San Francisco, United States | ||
AME Cloud Ventures is focused on investing in data-driven technology companies. | amecloudventures.com | Palo Alto, United States |
Investor details for Litbit
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.
People of Litbit
2 people are tracked at Litbit (2 in leadership); the tracked headcount is 8.
| Name | Role | Group |
|---|---|---|
JP Balajadia | Co-Founder, VP Engineering | Leadership |
Scott Noteboom | Founder, CEO | Leadership |
Complete people profiles for Litbit
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of Litbit
2 dated milestones of Litbit across 3 years, from founding to its latest funding, stage changes and deals.
- Founded Litbit is founded.
- Funding First funding round of $7.0M.
Competitors of Litbit
Litbit has 3 listed competitors in our database, 2 of them funded. They include Pepper, Aetheros and Lynx Software Technologies.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| pepper.me | 2010 | Overland Park, United States | $8.5M | 21 | IoT platforms and services are provided for device manufacturers. | |
| aetheros.com | 2006 | San Francisco, United States | $6.75M | 14 | Provider of an IoT operating system | |
| lynx.com | 1988 | San Francisco, United States | 47 | Real-time operating systems for secure embedded IoT devices are developed. |
Detailed competitors of Litbit
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.
Top companies in Industrial IoT & Smart Manufacturing
3 companies that operate in the same segment as Litbit (Industrial IoT & Smart Manufacturing) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
AI-powered cloud-based vehicle tracking solutions are offered for fleet owners. | 2015 | San Francisco, California, United States | USD 915 M | USD 1.62 B | 5,792 | |
Cloud-based smart security cameras are manufactured for home use. | 1999 | Provo, Utah, United States | USD 172 M | USD 341.04 M | 11,275 | |
Cloud-based network infrastructure for IoT applications is provided. | 2004 | Boise, Idaho, United States | USD 154.85 M | USD 8.52 M | 165 |
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Frequently Asked Questions about Litbit
Litbit was founded in 2013 and raised its 1st funding round 3 years after it was founded.
Litbit is headquartered in Palo Alto, United States. It is registered at Palo Alto, California, United States.
Scott Noteboom is the CEO of Litbit, as recorded in our data. They have also founded this company.
Litbit is a funded company, having raised a total of $7M across 1 funding round to date. The company's 1st funding round was a Series A of $7M, raised on May 2016.
Litbit has 8 employees.
Litbit, led by JP Balajadia as Co-Founder, VP Engineering, Scott Noteboom as Founder, CEO, specializes in leveraging cutting-edge technology, iot, industrial solutions, and operating systems. An operating system designed for industrial IoT applications. The team drives innovation, quality service, and sustainable practices to achieve excellence and client satisfaction.
Litbit's top competitors include Lynx Software Technologies, Pepper and Aetheros.
Litbit has 4 investors. Key investors include Storm Ventures, Illuminate Ventures, Correlation Ventures, and AME Cloud Ventures.
Litbit operates through Litbit.