About Patriot1 Tech
Patriot1 Tech is a company based in Mississauga (Canada) founded in 2016.. The company has 69 employees as of July 31, 2024. Patriot1 Tech has completed 2 acquisitions, including EhEye and Xtract AI. Patriot1 Tech offers products and services including SmartGateway, Xtract One Gateway, and Xtract One View. Patriot1 Tech operates in a competitive market with competitors including Flock Safety, SoundThinking, Actuate, KELA Cyber and Demisto, among others.
- Headquarter Mississauga, Canada
- Employees 69 as on 31 Jul, 2024
- Stage Public
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Sectors
Government & Social SectorIndustrial Goods & Manufacturing Professional & Legal Services
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Phone
*********
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Website
*********
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Social
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- Legal Name Xtract One Technologies Inc
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Annual Revenue
$11.37 M (USD)297.88as on Jul 31, 2024
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Net Profit
$-7.69 M (USD)32.27as on Jul 31, 2024
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EBITDA
$-6.36 M (USD)37.13as on Jul 31, 2024
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Latest Funding Round
$5.12 M (USD), Post-IPO
Mar 22, 2022
- Investors
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Employee Count
69
as on Jul 31, 2024
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Investments & Acquisitions
EhEye
& 1 more
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IPO & Listings of Patriot1 Tech
Patriot1 Tech is a publicly listed company on the TSX with ticker symbol XTRA in Canada, operating in the Technology services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Patriot1 Tech
Patriot1 Tech offers a comprehensive portfolio of products and services, including SmartGateway, Xtract One Gateway, and Xtract One View. 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.
AI-powered solution for fast, reliable patron screening in high-throughput venues.
System designed for medium-volume environments to detect threats without bag checks.
Cloud-based tool for overseeing and managing security operations remotely.
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Funding Insights of Patriot1 Tech
- Total Funding Total Funding
- Total Rounds 7
- Last Round Post-IPO — $5.1M
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First Round
First Round
(22 Nov 2016)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Mar, 2022 | Amount | Post-IPO - Patriot1 Tech | Valuation |
investors |
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| Nov, 2021 | Amount | Post-IPO - Patriot1 Tech | Valuation |
investors |
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| Nov, 2018 | Amount | Post-IPO - Patriot1 Tech | Valuation |
investors |
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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 Patriot1 Tech
Patriot1 Tech has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include RTX. 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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Defense and aerospace systems are manufactured and developed by RTX.
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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 Patriot1 Tech
Patriot1 Tech has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include EhEye and Xtract AI. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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AI-based video analysis platform
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2016 | ||||
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Developer of platform for deep neural network based AI models
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Patriot1 Tech
| 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 |
Patriot1 Tech Comparisons
Competitors of Patriot1 Tech
Patriot1 Tech 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 Flock Safety, SoundThinking, Actuate, KELA Cyber and Demisto, 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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| domain | founded_year | HQ Location |
Public safety is managed via cloud-based vehicle surveillance systems.
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| domain | founded_year | HQ Location |
Online suite solutions for public safety management
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| domain | founded_year | HQ Location |
Cloud and AI-based gunshot detection systems are provided for security.
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| domain | founded_year | HQ Location |
Platform provides actionable intelligence digital security risks
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| domain | founded_year | HQ Location |
Automated incident response & forensics platform solution
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| domain | founded_year | HQ Location |
Siren is recognized as a search-based investigative intelligence platform.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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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Latest news on Patriot1 Tech
Frequently Asked Questions about Patriot1 Tech
When was Patriot1 Tech founded?
Patriot1 Tech was founded in 2016.
Where is Patriot1 Tech located?
Patriot1 Tech is headquartered in Mississauga, Canada. It is registered at Mississauga, Ontario, Canada.
How many employees does Patriot1 Tech have?
As of Jul 31, 2024, the latest employee count at Patriot1 Tech is 69.
What is the annual revenue of Patriot1 Tech?
Annual revenue of Patriot1 Tech is $11.37M as on Jul 31, 2024.
What does Patriot1 Tech do?
Online public safety management platform for weapon detection. It provides users with a concealed weapons detection system using cognitive microwave radar technology in collaboration with McMaster University and NATOs Science for peace and security program. It uses AI technology for detecting threats such as weapons and crowd disturbances. It operates in the 500 MHz to 5 GHz frequency range and does not require a line of sight to detect concealed weapons.
Who are the top competitors of Patriot1 Tech?
Patriot1 Tech's top competitors include Flock Safety, Actuate and SoundThinking.
What products or services does Patriot1 Tech offer?
Patriot1 Tech offers SmartGateway, Xtract One Gateway, and Xtract One View.
Is Patriot1 Tech publicly traded?
Yes, Patriot1 Tech is publicly traded on TSX under the ticker symbol XTRA.
How many acquisitions has Patriot1 Tech made?
Who are Patriot1 Tech's investors?
Patriot1 Tech has 1 investor. Key investors include RTX.
What is Patriot1 Tech's ticker symbol?
The ticker symbol of Patriot1 Tech is XTRA on TSX.