About Savari
Savari is a company based in Santa Clara (United States) founded in 2008 was acquired by Harman International in February 2021.. Savari has raised $20 million across 2 funding rounds from investors including Harman International, Aviva and Flex. The company has 58 employees as of April 09, 2024. Savari offers products and services including Over-the-Air (OTA) Solutions, Device Virtualization, and Intelligent Cockpit. Savari operates in a competitive market with competitors including Cradlepoint, Kapsch, Ondas Networks, Actility and Visteon, among others.
- Headquarter Santa Clara, United States
- Employees 58 as on 09 Apr, 2024
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Sectors
TechnologyTransportation, Automotive & Logistics
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Email
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Phone
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Website
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Social
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- Legal Name Savari Systems Private Limited
- Date of Incorporation 12 Nov, 2008
- Jurisdiction Bangalore, Karnataka, India
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Annual Revenue
$17.45 K (USD)-97.99as on Mar 31, 2022
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Net Profit
$16.94 K (USD)102.72as on Mar 31, 2022
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EBITDA
$6.71 K (USD)101.19as on Mar 31, 2022
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Total Equity Funding
$20 M (USD)
in 2 rounds
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Latest Funding Round
$12 M (USD), Series B
Apr 24, 2018
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Investors
Harman International
& 4 more
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Employee Count
58
as on Apr 09, 2024
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Acquired by
Harman International
(Feb 26, 2021)
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Products & Services of Savari
Savari offers a comprehensive portfolio of products and services, including Over-the-Air (OTA) Solutions, Device Virtualization, and Intelligent Cockpit. 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.
Enables remote vehicle software updates for enhanced functionality.
Supports Android OS integration for in-vehicle systems.
Provides advanced user interfaces for safer driving experiences.
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 Total Funding
- Total Rounds 2
- Last Round Series B — $12.0M
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First Round
First Round
(27 Jan 2016)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2018 | Amount | Series B - Savari | Valuation | Aviva | |
| Jan, 2016 | Amount | Series A - Savari | Valuation | Delta Electronics , SAIC Capital |
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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 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. 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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Venture capital firm focused on big data, IoT, and human machine
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Founded Year | Domain | Location | |
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Insurance and asset management services are offered in multiple regions.
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Founded Year | Domain | Location | |
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Designer and producer of intelligent products, automotive electronics manufacturing, and logistics services
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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 Savari
| 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 - Savari
| 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 |
Savari Comparisons
Competitors of Savari
Savari 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 Cradlepoint, Kapsch, Ondas Networks, Actility and Visteon, 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 |
Cloud-based network infrastructure for IoT applications is provided.
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| domain | founded_year | HQ Location |
SaaS-enabled traffic management solutions are offered to traffic authorities.
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| domain | founded_year | HQ Location |
Broadband communication technologies for IoT are developed and deployed.
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| domain | founded_year | HQ Location |
Platform for IoT deployments and network connectivity management is provided.
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| domain | founded_year | HQ Location |
AI and cloud-enabled solutions and electronics for connected and autonomous vehicles
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| domain | founded_year | HQ Location |
IoT connectivity and management solutions are provided for various markets.
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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 Savari
Frequently Asked Questions about Savari
When was Savari founded?
Savari was founded in 2008 and raised its 1st funding round 8 years after it was founded.
Where is Savari located?
Savari is headquartered in Santa Clara, United States. It is registered at Santa Clara, California, United States.
Is Savari a funded company?
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 27, 2016.
How many employees does Savari have?
As of Apr 09, 2024, the latest employee count at Savari is 58.
What is the annual revenue of Savari?
Annual revenue of Savari is $17.45K as on Mar 31, 2022.
What does Savari do?
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.
Who are the top competitors of Savari?
Savari's top competitors include Cradlepoint, Kapsch and Autotalks.
What products or services does Savari offer?
Savari offers Over-the-Air (OTA) Solutions, Device Virtualization, and Intelligent Cockpit.
Who are Savari's investors?
Savari has 5 investors. Key investors include Harman International, Aviva, Flex, Delta Electronics, and SAIC Capital.