About Litbit
Litbit is a company based in Palo Alto (United States) founded in 2013 by JP Balajadia and Scott Noteboom. It operates as a B2B. Litbit has raised $7 million across 1 funding round from investors including Storm Ventures, Illuminate Ventures and Correlation Ventures. The company has 8 employees as of December 31, 2022. Litbit operates in a competitive market with competitors including Thundersoft, Pepper, Aetheros, Barbara and Lynx Software Technologies, among others.
- Headquarter Palo Alto, United States
- Employees 8 as on 31 Dec, 2022
- Founders JP Balajadia, Scott Noteboom
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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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- Legal Name Litbit
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$7 M (USD)
in 1 rounds
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Latest Funding Round
$7 M (USD), Series A
May 03, 2016
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Investors
Storm Ventures
& 3 more
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Employee Count
8
as on Dec 31, 2022
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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.
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 |
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Venture capital fund focused on multiple sectors
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Early-stage venture capital is provided by Illuminate Ventures for B2B software startups.
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Venture capital firm focused on aerospace, biopharma, consumer, and multiple sectors
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Investor details for Litbit
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Investments & Acquisitions by Litbit
Investment portfolio details for Litbit
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Financial Statements - Litbit
Detailed financials for Litbit
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- Profit trends
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Litbit Comparisons
Peer comparison for Litbit
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- Named peers
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Competitors of Litbit
Litbit 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 Thundersoft, Pepper, Aetheros, Barbara and Lynx Software Technologies, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Software vendor and OEM for mobile industry
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IoT platforms and services are provided for device manufacturers.
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Provider of an IoT operating system
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Industrial edge applications are deployed, monitored, and maintained at scale.
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Real-time operating systems for secure embedded IoT devices are developed.
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An operating system for IoT devices is provided by supOS.
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Detailed competitors of Litbit
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Latest news on Litbit
Complete news archive for Litbit
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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 current CEO of Litbit. They have also founded this company.
Litbit is a funded company, having raised a total of $7M across 1 funding round to date.
As of Dec 31, 2022, the latest employee count at Litbit is 8.
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 Thundersoft, Lynx Software Technologies and Pepper.
Litbit has 4 investors. Key investors include Storm Ventures, Illuminate Ventures, Correlation Ventures, and AME Cloud Ventures.