About Litum
Litum is a company based in Izmir (Turkey) founded in 2004.. Litum offers products and services including Asset Tracking, Connected Worker, and Forklift Collision Warning. Litum operates in a competitive market with competitors including Cognex, Telit Communications, AssetTrackr, Nrby and AboutTime Technologies, among others.
- Headquarter Izmir, Turkey
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Sectors
Industrial Goods & ManufacturingTechnology
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Products & Services of Litum
Litum offers a comprehensive portfolio of products and services, including Asset Tracking, Connected Worker, and Forklift Collision Warning. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Real-time system for locating and monitoring physical assets.
Monitors worker movements to enhance safety and efficiency.
Prevents incidents by alerting on forklift proximity.
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Funding Insights of Litum
- Total Funding Total Funding
- Total Rounds 1
- Last Round Last Round
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jun, 2021 | Amount | Private Equity Round - Litum | Valuation | Actera Group |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 Litum
Litum has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Actera Group. 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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Actera Group is recognized as a leading private equity firm focused on Turkish investments.
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Investments & Acquisitions by Litum
| 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 - Litum
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Litum Comparisons
Competitors of Litum
Litum 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 Cognex, Telit Communications, AssetTrackr, Nrby and AboutTime Technologies, 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 |
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Machine vision systems are developed for industrial automation and tracking.
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Cellular IoT modules, connectivity, platforms, and custom solutions are provided.
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GPS based vehicle tracking and fleet management solutions
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Location-based field force tracking software is provided for mobile workforces.
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Track and manage mobile resources and assets
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Provider of location intelligence platform for field force and delivery management
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Litum
Frequently Asked Questions about Litum
When was Litum founded?
Litum was founded in 2004 and raised its 1st funding round 17 years after it was founded.
Where is Litum located?
Litum is headquartered in Izmir, Turkey. It is registered at Izmir, Izmir, Turkey.
What does Litum do?
Provider of IoT solutions for industries and health care using RTLS and RFID systems. The company provides IoT solutions for industries and healthcare. Also provides tracking and monitoring applications for assets and employees. They provide solutions to locate track objects and people with sub-meter accuracy, gather vital data about them and their surrounding environment using UWB RTLS, RFID, and BLE technologies with IoT included. IoT solutions for industries include employee tracking RTLS systems, asset tracking RTL systems, forklift tracking and collision avoidance, yard management, evacuation roll call system, in-vehicle inventory monitoring. Health care tracking systems include infant tracking and protection, patient flow and safety, hospital asset tracking, hospital staff tracking and protection, environmental and temperature monitoring, senior resident monitoring, wander management, fall alerts and duress help calling and ambulance tracking. Provides RFID systems including all hardware and software to attain productivity in manufacturing, logistics, retail, automotive sectors. Also develops software for manufacturing companies in order to improve operational efficiency, quality, and compliance.
Who are the top competitors of Litum?
Litum's top competitors include Cognex, AssetTrackr and Uffizio.
What products or services does Litum offer?
Litum offers Asset Tracking, Connected Worker, and Forklift Collision Warning.
Who are Litum's investors?
Litum has 1 investor. Key investors include Actera Group.
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