About OTIV
OTIV is a company based in Ghent (Belgium) founded in 2019 by Sam De Smet and Niels Van Damme. It operates as a Product-as-a-Service, and Mobility-as-a-Service. OTIV has raised $995.59 thousand across 3 funding rounds from investors including SHIFT Invest, Finindus and imec.istart. The company has 7 employees as of December 31, 2022. OTIV offers products and services including OTIV.ONE - Camera System for Shunting, OTIV.TWO - Advanced Driver Assistance System, OTIV.THREE - Remote Supervision & Control Center, and OTIV.FOUR - Full Self-Driving Technology. OTIV operates in a competitive market with competitors including intramotev, Parallel Systems, Chinook, RailHaul and Hydrogen Super Highway, among others.
- Headquarter Ghent, Belgium
- Employees 7 as on 31 Dec, 2022
- Founders Sam De Smet, Niels Van Damme
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Sectors
Transportation, Automotive & Logistics
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Otiv Bv
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$995.59 K (USD)
in 3 rounds
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Latest Funding Round
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Investors
SHIFT Invest
& 3 more
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Employee Count
7
as on Dec 31, 2022
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Products & Services of OTIV
OTIV offers a comprehensive portfolio of products and services, including OTIV.ONE - Camera System for Shunting, OTIV.TWO - Advanced Driver Assistance System, OTIV.THREE - Remote Supervision & Control Center, and OTIV.FOUR - Full Self-Driving Technology. 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.
Camera system for shunting to enhance visibility and safety.
Assistance system for rail to prevent accidents and delays.
Control center for rail to optimize operations and productivity.
Autonomous technology for rail to ensure safety and efficiency.
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Funding Insights of OTIV
OTIV has successfully raised a total of $995.59K across 3 strategic funding rounds. 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 Total Funding
- Total Rounds 3
- Last Round Last Round
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First Round
First Round
(01 Jun 2019)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2023 | Amount | Series A - OTIV | Valuation | SHIFT Invest , Finindus | |
| Apr, 2021 | Amount | Seed - OTIV | Valuation | Pitchdrive | |
| Jun, 2019 | Amount | Seed - OTIV | Valuation | imec.istart |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| 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 OTIV
OTIV has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include SHIFT Invest, Finindus and imec.istart. 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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Early-stage impact investments are focused on Dutch companies.
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Founded Year | Domain | Location | |
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Finindus is engaged in early stage and growth financing for industrial innovation.
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Founded Year | Domain | Location | |
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Funding solutions for tech startups are provided by the accelerator.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by OTIV
| 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 - OTIV
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| 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 |
Otiv Comparisons
Competitors of OTIV
OTIV 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 intramotev, Parallel Systems, Chinook, RailHaul and Hydrogen Super Highway, 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 |
Autonomous electric cargo trains are developed for freight transport.
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| domain | founded_year | HQ Location |
Autonomous zero-emissions rail freight transportation network is provided.
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| domain | founded_year | HQ Location |
Provider of autonomous rail cargo delivery solutions
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| domain | founded_year | HQ Location |
Develops systems to harvest energy from freight trains for cost and emission reductions.
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| domain | founded_year | HQ Location |
Offers autonomous freight and passenger rail transport solutions.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about OTIV
When was OTIV founded?
OTIV was founded in 2019.
Where is OTIV located?
OTIV is headquartered in Ghent, Belgium. It is registered at Ghent, East Flanders, Belgium.
Is OTIV a funded company?
OTIV is a funded company, having raised a total of $995.59K across 3 funding rounds to date. The company's 1st funding round was a Seed of $55.73K, raised on Jun 01, 2019.
How many employees does OTIV have?
As of Dec 31, 2022, the latest employee count at OTIV is 7.
What does OTIV do?
OTIV is engaged in creating advanced assistance and autonomous driving technologies for the rail industry. Solutions are provided to industrial companies, railway undertakings, infrastructure managers, and OEMs to enhance safety and efficiency of rail vehicles. The company operates across various rail sectors including industrial, urban, and mainline rail, addressing challenges like safety, cost-efficiency, and operational speed. Products such as camera systems for shunting, driver assistance systems, remote supervision centers, and full self-driving technologies are developed to support rail operations. OTIV is committed to accelerating the modal shift to rail for sustainable mobility.
Who are the top competitors of OTIV?
OTIV's top competitors include Parallel Systems, intramotev and Chinook.
What products or services does OTIV offer?
OTIV offers OTIV.ONE - Camera System for Shunting, OTIV.TWO - Advanced Driver Assistance System, OTIV.THREE - Remote Supervision & Control Center, and OTIV.FOUR - Full Self-Driving Technology.
Who are OTIV's investors?
OTIV has 4 investors. Key investors include SHIFT Invest, Finindus, imec.istart, and Pitchdrive.