About Savi Technology
Savi Technology is a company based in Alexandria (United States) founded in 1989 was acquired by LaSalle Capital in September 2012. It operates as a SaaS (Software-as-a-Service), and Managed Services. Savi Technology has raised $100.51 million across 6 funding rounds from investors including Lockheed Martin, Accel and United Parcel Service. The company has 1 employees as of December 31, 2023. Savi Technology offers products and services including aRFID-VI and IoT Sensors. Savi Technology operates in a competitive market with competitors including FourKites, Shippeo, ORBCOMM, Roambee and Blume Global, among others.
- Headquarter Alexandria, United States
- Employees 1 as on 31 Dec, 2023
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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 Savi Technology
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$100.51 M (USD)
in 6 rounds
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Latest Funding Round
$7.5 M (USD), Series C
Nov 13, 2018
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Investors
Lockheed Martin
& 13 more
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Employee Count
1
as on Dec 31, 2023
- Acquired by
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Products & Services of Savi Technology
Savi Technology offers a comprehensive portfolio of products and services, including aRFID-VI and IoT Sensors. 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.
Real-time tracking of cargo location and condition provided.
Environmental conditions of shipments are monitored using sensors.
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Leadership Team
3 people
Software Development Team
1 people
Operations Team
1 people
Program Team
1 people
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Funding Insights of Savi Technology
Savi Technology has successfully raised a total of $100.51M across 6 strategic funding rounds. The most recent funding activity was a Series C round of $7.5 million completed in November 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 6
- Last Round Series C — $7.5M
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First Round
First Round
(01 May 1999)
- Investors Count 12
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2018 | Amount | Series C - Savi Technology | Valuation | Eastward Capital Partners |
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| Nov, 2015 | Amount | Series C - Savi Technology | Valuation | SGS |
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| May, 2001 | Amount | Series C - Savi Technology | Valuation |
investors |
| 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 Savi Technology
Savi Technology has secured backing from 14 investors, including institutional and venture fund investors. Prominent investors backing the company include Lockheed Martin, Accel and United Parcel Service. 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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Accel is recognized as a leading venture capital firm.
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Founded Year | Domain | Location | |
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Venture capital investments are managed in technology and healthcare sectors by this firm.
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Founded Year | Domain | Location | |
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An investment platform is provided for diverse sectors and geographies.
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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 Savi Technology
| 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 - Savi Technology
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Savi Technology Comparisons
Competitors of Savi Technology
Savi Technology 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 FourKites, Shippeo, ORBCOMM, Roambee and Blume Global, 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 |
AI and web-based visibility solutions for supply chains are developed.
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| domain | founded_year | HQ Location |
SaaS-based road freight transportation management platform for carriers and shippers
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| domain | founded_year | HQ Location |
M2M communication solutions for asset tracking and management are provided.
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| domain | founded_year | HQ Location |
AI-enabled solutions for shipment monitoring and tracking are provided.
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| domain | founded_year | HQ Location |
Cloud-based supply chain visibility solutions are provided for logistics stakeholders.
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| domain | founded_year | HQ Location |
Provider of cloud-based cargo tracking solutions
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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 Savi Technology
Frequently Asked Questions about Savi Technology
When was Savi Technology founded?
Savi Technology was founded in 1989 and raised its 1st funding round 10 years after it was founded.
Where is Savi Technology located?
Savi Technology is headquartered in Alexandria, United States.
Is Savi Technology a funded company?
Savi Technology is a funded company, having raised a total of $100.51M across 6 funding rounds to date. The company's 1st funding round was a Series C of $20M, raised on May 01, 1999.
How many employees does Savi Technology have?
As of Dec 31, 2023, the latest employee count at Savi Technology is 1.
What does Savi Technology do?
Savi Technology is engaged in providing supply chain visibility and security solutions. Operations are supported by IoT sensors and active RFID technology to monitor cargo location, condition, and ETA. The company serves industries such as government, military, and commercial sectors. Solutions are designed to enhance real-time data accuracy, improve performance, lower risks, and provide a competitive advantage. Machine learning and live streaming data are utilized to streamline operations and boost profitability for clients globally.
Who are the top competitors of Savi Technology?
What products or services does Savi Technology offer?
Savi Technology offers aRFID-VI and IoT Sensors.
Who are Savi Technology's investors?
Savi Technology has 14 investors. Key investors include Lockheed Martin, Accel, United Parcel Service, SGS, and Vector Capital.