About SECO
SECO is a company based in Arezzo (Italy) founded in 1979. It operates as a SaaS (Software-as-a-Service), and Direct-to-Consumer (D2C). SECO has raised $12.36 million across 1 funding round from investors including Fondo Italiano d'Investimento. The company has 839 employees as of December 31, 2024. SECO has completed 4 acquisitions, including Beijing InHand Networks Technology, Fannal and Garz & Fricke. SECO offers products and services including Clea Software Framework, Embedded Computing Hardware, Human Machine Interface (HMI), and Payment Systems. SECO operates in a competitive market with competitors including Xilinx, Kalray, Advantech, congatec and WINSYSTEMS, among others.
- Headquarter Arezzo, Italy
- Employees 839 as on 31 Dec, 2024
- Stage Public
-
Sectors
Technology
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Seco S.P.A.
-
Annual Revenue
$190.65 M (USD)-12.54as on Dec 31, 2024
-
Net Profit
$-21.85 M (USD)-277.28as on Dec 31, 2024
-
EBITDA
$12.37 M (USD)-72.58as on Dec 31, 2024
-
Total Equity Funding
$12.36 M (USD)
in 1 rounds
-
Latest Funding Round
$12.36 M (USD), Private Equity Round
Apr 20, 2018
- Investors
-
Employee Count
839
as on Dec 31, 2024
-
Investments & Acquisitions
Beijing InHand Networks Technology
& 3 more
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
IPO & Listings of SECO
SECO is a publicly listed company on the MIL with ticker symbol IOT in Italy, operating in the Electronic technology 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 SECO
SECO offers a comprehensive portfolio of products and services, including Clea Software Framework, Embedded Computing Hardware, Human Machine Interface (HMI), and Payment Systems. 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.
IoT framework for device and data management provided.
Hardware solutions for OEMs including modules and PCs.
Customizable HMI solutions for industrial environments offered.
Payment solutions for vending and OEMs developed.
Unlock access to complete
Unlock access to complete
Funding Insights of SECO
SECO has successfully raised a total of $12.36M through 1 strategic funding round. The most recent funding activity was a Private Equity Round round of $12.36 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 1
- Last Round Private Equity Round — $12.4M
-
First Round
First Round
(20 Apr 2018)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2018 | Amount | Private Equity Round - SECO | Valuation | Fondo Italiano d'Investimento |
|
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in SECO
SECO has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Fondo Italiano d'Investimento. 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 |
|---|---|---|---|---|
|
-
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by SECO
SECO has strategically engaged in corporate development activities, having acquired 4 companies. Notable acquisitions include Beijing InHand Networks Technology, Fannal and Garz & Fricke. 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 |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Capacitive touch screen technology for multi-category displays is developed.
|
2011 | ||||
|
Communication devices for IoT, including routers and gateways, are developed.
|
2001 | ||||
|
Salesforce consulting and AI-powered digital solutions are provided.
|
1992 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
OVO is recognized as a smart digital payment application.
|
2017 | ||||
|
Bionic investment advisor platform
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - SECO
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Seco Comparisons
Competitors of SECO
SECO 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 Xilinx, Kalray, Advantech, congatec and WINSYSTEMS, 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 |
Programmable logic devices and embedded solutions are provided.
|
|
| domain | founded_year | HQ Location |
Processing acceleration cards are developed for AI, telecom, and storage.
|
|
| domain | founded_year | HQ Location |
Network equipment, automation, and embedded computing solutions are provided.
|
|
| domain | founded_year | HQ Location |
Single-board computers and computer-on-modules are manufactured for industrial applications.
|
|
| domain | founded_year | HQ Location |
Embedded computing products and solutions are provided for industrial applications.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Seco
Frequently Asked Questions about SECO
When was SECO founded?
SECO was founded in 1979 and raised its 1st funding round 39 years after it was founded.
Where is SECO located?
SECO is headquartered in Arezzo, Italy. It is registered at Arezzo, Tuscany, Italy.
Is SECO a funded company?
SECO is a funded company, having raised a total of $12.36M across 1 funding round to date. The company's 1st funding round was a Private Equity Round of $12.36M, raised on Apr 20, 2018.
How many employees does SECO have?
As of Dec 31, 2024, the latest employee count at SECO is 839.
What is the annual revenue of SECO?
Annual revenue of SECO is $190.65M as on Dec 31, 2024.
What does SECO do?
SECO is involved in the design and integration of industrial IoT solutions, embedded hardware, and software frameworks. The company serves various sectors including industrial automation, medical, transportation, and vending with products like computer-on-modules, single board computers, and human-machine interfaces. Additionally, SECO offers Clea, a software framework for IoT device management and AI applications. Solutions are tailored for edge computing, system integration, and custom designs, supported by manufacturing facilities in Europe and the Americas. The focus remains on creating sustainable, connected technologies for a digital future.
What products or services does SECO offer?
SECO offers Clea Software Framework, Embedded Computing Hardware, Human Machine Interface (HMI), and Payment Systems.
Is SECO publicly traded?
Yes, SECO is publicly traded on MIL under the ticker symbol IOT.
How many acquisitions has SECO made?
SECO has made 4 acquisitions, including Beijing InHand Networks Technology, Fannal, and Garz & Fricke.
Who are SECO's investors?
SECO has 1 investor. Key investors include Fondo Italiano d'Investimento.
What is SECO's ticker symbol?
The ticker symbol of SECO is IOT on MIL.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.