About Neadvance
Neadvance is a company based in Braga (Portugal) founded in 2017 was acquired by Atlas Copco in March 2025.. Neadvance offers products and services including niop, Nea Intelligent Cloud, Automatic Quality Control, AI Turnkey Solutions, and Industrial Partner Solutions. Neadvance operates in a competitive market with competitors including Scandit, Chooch, Silo.AI, YITU and CrowdAI, among others.
- Headquarter Braga, Portugal
-
Sectors
Technology
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Latest Funding Round
- Investors
-
Employee Count
Employee Count
-
Acquired by
Atlas Copco
(Mar 11, 2025)
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
Products & Services of Neadvance
Neadvance offers a comprehensive portfolio of products and services, including niop, Nea Intelligent Cloud, Automatic Quality Control, AI Turnkey Solutions, and Industrial Partner Solutions. 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.
Low-code platform for building intelligent systems via drag-drop interface.
Online services for AI and computer vision applications in industry.
System for automating quality checks using machine learning algorithms.
Complete AI solutions for industrial automation and process optimization.
Tailored solutions for hardware and software integration in manufacturing.
Funding Insights of Neadvance
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Neadvance
Neadvance has secured backing from 1 investor. Prominent investors backing the company include Atlas Copco. 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 |
|---|---|---|---|---|
|
Manufacturer of air & gas compressors, blowers, generators, and other industrial equipment
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Neadvance
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Neadvance
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Neadvance Comparisons
Competitors of Neadvance
Neadvance 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 Scandit, Chooch, Silo.AI, YITU and CrowdAI, 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 |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provider of SDK for smart data capture from barcodes, files, and IDs
|
|
| domain | founded_year | HQ Location |
Generative computer vision solutions are offered for video stream analysis.
|
|
| domain | founded_year | HQ Location |
Provider of customized AI-powered solutions
|
|
| domain | founded_year | HQ Location |
AI-based decision intelligence platforms are provided for multiple sectors.
|
|
| domain | founded_year | HQ Location |
Provider of image annotation solutions for autonomous vehicle, drones & satellite images
|
|
| domain | founded_year | HQ Location |
Provider of solutions to train machine learning models
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Neadvance
Frequently Asked Questions about Neadvance
When was Neadvance founded?
Neadvance was founded in 2017.
Where is Neadvance located?
Neadvance is headquartered in Braga, Portugal.
Who is the current CEO of Neadvance?
Teresa Martins is the current CEO of Neadvance.
What does Neadvance do?
Neadvance was founded in 2017 in Braga, Portugal, as a provider of cloud and AI-based low-code platforms focused on computer vision. Integration of AI, computer vision, and robotics is utilized for applications in quality control, deep learning, palletising, depalletising, positioning, and measurement systems. Services are extended to hospitals, factories, and robotic guidance systems within the technology sector.
Who are the top competitors of Neadvance?
Neadvance's top competitors include Scandit, Chooch and Robovision.
What products or services does Neadvance offer?
Neadvance offers niop, Nea Intelligent Cloud, Automatic Quality Control, AI Turnkey Solutions, and Industrial Partner Solutions.
Who are Neadvance's investors?
Neadvance has 1 investor. Key investors include Atlas Copco.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.