About Savari
Savari is a Technology company based in Santa Clara (United States) founded in 2008, and was acquired by Harman International in February 2021. Automotive digital transformation and connected car services are provided. It operates in the Technology and Transportation, Automotive & Logistics sectors. Savari has raised $20 million across 2 funding rounds from investors including Harman International, Aviva and Flex. The company has 58 employees. Its Indian entity Savari Systems Private Limited reported revenue of ₹14.4 Lakh. Savari offers products and services including Over-the-Air (OTA) Solutions, Device Virtualization, and Intelligent Cockpit. Its focus areas include High Tech, Smart Cities, Smart Mobility and Traffic Management. Its competitors include Cradlepoint, Ondas Networks and Visteon; 2 of its 3 listed competitors have raised funding.
Company details
Provider of automotive digital transformation solutions, in-cabin experiences, and connected car services. It offers solutions such as ready-to-deploy products, car audio systems, device virtualization, and over-the-air (OTA) solutions for commercial and electric vehicles. The company provides engineering services, including architecture advisory, cybersecurity, and software-defined vehicle practice. It delivers connected mobility solutions, including telematics control units, smart antenna technology, and connectivity services focused on safety, entertainment, and productivity.
- Headquarters Santa Clara, United States
- Employees 58
- Stage Acquired
- SectorsTechnologyTransportation, Automotive & Logistics
- Email••••••••
- Website savari.net
- Social LinkedIn X Facebook YouTube
- Acquired by Harman International (Feb 2021)
- Legal Name Savari Systems Private Limited
- Date of Incorporation 12 Nov, 2008
- Jurisdiction Bangalore, Karnataka, India
- Indian entity revenue₹14.4 Lakh
FY 2022 · -98% YoY
- Indian entity net profit₹14 Lakh
FY 2022 · 97% margin
- Indian entity EBITDA₹5.5 Lakh
FY 2022 · 38% margin
- Total Equity Funding$20M (USD)
in 2 rounds
- Latest Funding Round$12M (USD), Series B
Apr 2018
- InvestorsHarman International
& 4 more
- Employee Count58
- Acquired byHarman International
(Feb 2021)
Associated legal entities of Savari
Savari operates through Savari Systems Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2022) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Savari Systems Private Limited CIN U74140KA2008PTC048251 | Active | 12 Nov 2008 | Bangalore, Karnataka | ₹0.1 Cr | 58 | 2 | View details |
Products & Services of Savari
Savari offers a comprehensive portfolio of products and services, including Over-the-Air (OTA) Solutions, Device Virtualization, and Intelligent Cockpit.
Enables remote vehicle software updates for enhanced functionality.
Supports Android OS integration for in-vehicle systems.
Provides advanced user interfaces for safer driving experiences.
Apps and channels of Savari
its YouTube channel HARMAN Automotive has 2.99K subscribers and 30 videos.
Videos from Savari
The most watched videos on Savari's YouTube channel, HARMAN Automotive (2.99K subscribers). Click a video to play it here.
More on HARMAN Automotive.
Funding Insights of Savari
Savari has successfully raised a total of $20M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $12 million completed in April 2018. 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 $20M
- Total Rounds 2
- Last Round Series B — $12M
- First Round $8M
(Jan 2016)
- Investors Count 4
All 2 funding rounds of Savari with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr 2018 | $12M | Series B | – | Aviva | |
| Jan 2016 | $8M | Series A | – | Delta Electronics, SAIC Capital | – |
5 investors in total: 5 institutional.
Investors in Savari
Savari has secured backing from 5 investors, including institutional and venture fund investors. Prominent investors backing the company include Harman International, Aviva and Flex.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital firm focused on big data, IoT, and human machine | saicvc.com | Menlo Park, United States | ||
Insurance and asset management services are offered in multiple regions. | 1696 | aviva.com | London, United Kingdom | |
Designer and producer of intelligent products, automotive electronics manufacturing, and logistics services | 1969 | flex.com | San Jose, United States | |
Power management and thermal solutions are provided globally. | 1971 | deltaww.com | Taipei, Taiwan | |
Provider of infotainment and audio solutions for multiple sectors | 1980 | harman.com | Stamford, United States |
Investor details for Savari
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Board of directors of Savari Systems Private Limited (Savari)
Savari Systems Private Limited is the primary company behind Savari. The board of Savari Systems Private Limited currently have 2 directors; the longest-serving is Ravi Kiran Puvvala, appointed in 2015. 13 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Ravi Kiran Puvvala DIN 00057080 | Director | 02 Sep 2015 | 11 yrs 2 mo | Savari Systems Private Limited |
| Trichur Subramaniam Krishnan DIN 09817205 | Director | 26 Dec 2022 | 3 yrs 10 mo | Savari Systems Private Limited |
Financials of Savari
Figures of Savari Systems Private Limited, the primary company behind Savari, for FY 2022. Revenue was ₹14.4 Lakh (-98% year on year). Net profit was ₹14 Lakh (97% margin). EBITDA was ₹5.5 Lakh (38% margin). Revenue has grown at a compounded annual rate of -78% over three years and -53% over five years.
- ₹14.4 LakhRevenue · FY 2022 · -98% YoY
- ₹14 LakhNet profit · 97% margin
- ₹5.5 LakhEBITDA · 38% margin
- ₹1.8 LakhPaid-up capital
- 58Employees (provident fund records)
- -78%Revenue CAGR, 3 years
- -53%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Savari Systems Private Limited are on its company page.
Detailed financial statements for Savari
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Savari
4 dated milestones of Savari across 13 years, from founding to its latest funding, stage changes and deals.
- Founded Savari is founded.
- Funding First funding round of $8.0M.
- Funding Latest funding round, Series B, of $12.0M.
- Exit Acquired by Harman International.
Competitors of Savari
Savari has 3 listed competitors in our database, 2 of them funded. They include Cradlepoint, Ondas Networks and Visteon.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| cradlepoint.com | 2004 | Boise, United States | $154.85M | 693 | Cloud-based network infrastructure for IoT applications is provided. | |
| ondas.com | 2006 | Sunnyvale, United States | $2.53M | 116 | Broadband communication technologies for IoT are developed and deployed. | |
| visteon.com | 2000 | Detroit, United States | AI and cloud-enabled solutions and electronics for connected and autonomous vehicles |
Detailed competitors of Savari
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
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Top companies in Industrial IoT & Smart Manufacturing
3 companies that operate in the same segment as Savari (Industrial IoT & Smart Manufacturing) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
AI-powered cloud-based vehicle tracking solutions are offered for fleet owners. | 2015 | San Francisco, California, United States | USD 915 M | USD 1.62 B | 5,792 | |
Cloud-based smart security cameras are manufactured for home use. | 1999 | Provo, Utah, United States | USD 172 M | USD 341.04 M | 11,275 | |
Cloud-based network infrastructure for IoT applications is provided. | 2004 | Boise, Idaho, United States | USD 154.85 M | USD 8.52 M | 165 |
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Related news about Savari
Complete news archive for Savari
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Frequently Asked Questions about Savari
Savari was founded in 2008 and raised its 1st funding round 8 years after it was founded.
Savari is headquartered in Santa Clara, United States. It is registered at Santa Clara, California, United States.
Savari is a funded company, having raised a total of $20M across 2 funding rounds to date. The company's 1st funding round was a Series A of $8M, raised on Jan 2016.
Savari has 58 employees.
The primary company behind Savari, Savari Systems Private Limited, reported revenue of ₹14.4 Lakh for FY 2022, down 98% year on year.
Provider of automotive digital transformation solutions, in-cabin experiences, and connected car services. It offers solutions such as ready-to-deploy products, car audio systems, device virtualization, and over-the-air (OTA) solutions for commercial and electric vehicles. The company provides engineering services, including architecture advisory, cybersecurity, and software-defined vehicle practice. It delivers connected mobility solutions, including telematics control units, smart antenna technology, and connectivity services focused on safety, entertainment, and productivity.
Savari's top competitors include Cradlepoint, Visteon and Ondas Networks.
Savari offers Over-the-Air (OTA) Solutions, Device Virtualization, and Intelligent Cockpit.
Savari has 5 investors. Key investors include Harman International, Aviva, Flex, Delta Electronics, and SAIC Capital.
Savari operates through Savari Systems Private Limited.
Yes. Savari was acquired by Harman International in February 2021.
The legal entities of Savari currently have 2 directors, including Trichur Subramaniam Krishnan, Ravi Kiran Puvvala.