About Sitemark
Sitemark is a company based in Leuven (Belgium) founded in 2016 by Vishal Punamiya, Stanislas Vaeren, and Maxime Bossens.. Sitemark has raised $8.81 million across 8 funding rounds from investors including European Union, EIC Fund and Korys. The company has 28 employees as of December 31, 2022. Sitemark has completed 1 acquisition, including VITO. Sitemark offers products and services including Sitemark Platform, Drones and Robotics, AI and Analytics, and Forms and Ticketing. Sitemark operates in a competitive market with competitors including DroneDeploy, Zeitview, Hivemapper, Clobotics and Pix4D, among others.
- Headquarter Leuven, Belgium
- Employees 28 as on 31 Dec, 2022
- Founders Vishal Punamiya, Stanislas Vaeren, Maxime Bossens
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Sectors
TechnologyReal Estate & Construction Energy & Utilities Aerospace, Defense & Maritime
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$8.81 M (USD)
in 8 rounds
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Latest Funding Round
$60.68 K (USD), Grant
Jan 31, 2021
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Investors
European Union
& 4 more
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Employee Count
28
as on Dec 31, 2022
- Investments & Acquisitions
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Products & Services of Sitemark
Sitemark offers a comprehensive portfolio of products and services, including Sitemark Platform, Drones and Robotics, AI and Analytics, and Forms and Ticketing. 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.
Comprehensive tool for overseeing solar project lifecycle and automation
Systems for efficient high-resolution site data collection and inspections
AI-driven features for transforming data into actionable insights
Real-time tools for fieldwork tickets and issue tracking
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Operations Team
2 people
Leadership Team
2 people
Head Team
1 people
Software Development Team
1 people
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Funding Insights of Sitemark
Sitemark has successfully raised a total of $8.81M across 8 strategic funding rounds. The most recent funding activity was a Grant round of $60.68 thousand completed in January 2021. 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 8
- Last Round Grant — $60,681
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First Round
First Round
(01 Jun 2016)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jan, 2021 | Amount | Grant - Sitemark | Valuation |
investors |
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| May, 2020 | Amount | Grant - Sitemark | Valuation |
investors |
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| Sep, 2019 | Amount | Series A - Sitemark | Valuation | Korys , Chroma Impact Investment |
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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 Sitemark
Sitemark has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include European Union, EIC Fund and Korys. 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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Government agency and accelerator focusing on innovative startups and SMEs
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Founded Year | Domain | Location | |
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Sustainable investing in conscious consumer, energy transition, and healthy living sectors.
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Founded Year | Domain | Location | |
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Tech focused global accelerator firm
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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 Sitemark
Sitemark has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include VITO. 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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Scientific research and technological solutions for sustainable development are provided.
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1991 |
| 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 - Sitemark
| 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 |
Sitemark Comparisons
Competitors of Sitemark
Sitemark 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 DroneDeploy, Zeitview, Hivemapper, Clobotics and Pix4D, 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 software platform for commercial drones is provided.
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| domain | founded_year | HQ Location |
Drone-based inspection software is provided for asset analytics and management.
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| domain | founded_year | HQ Location |
Real-time community-edited maps for drone navigation are provided.
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| domain | founded_year | HQ Location |
Drone data management and analysis solutions are provided for enterprises.
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| domain | founded_year | HQ Location |
Cloud and AI-based photogrammetry software for drone mapping is provided.
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| domain | founded_year | HQ Location |
Drone-based monitoring and inspection services for solar panels are provided.
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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 Sitemark
Frequently Asked Questions about Sitemark
When was Sitemark founded?
Sitemark was founded in 2016.
Where is Sitemark located?
Sitemark is headquartered in Leuven, Belgium. It is registered at Leuven, Flemish Brabant, Belgium.
Who is the current CEO of Sitemark?
Vishal Punamiya is the current CEO of Sitemark. They have also founded this company.
Is Sitemark a funded company?
Sitemark is a funded company, having raised a total of $8.81M across 8 funding rounds to date. The company's 1st funding round was a Series A of $5.51M, raised on Jun 01, 2016.
How many employees does Sitemark have?
As of Dec 31, 2022, the latest employee count at Sitemark is 28.
What does Sitemark do?
The company was founded in 2016 in Leuven, Belgium, and focuses on AI-based software for drone deployment in sectors such as commercial solar sites, construction projects, and mining operations. A browser-based aerial data platform is provided for data management, alongside a drone app for site inspections and a global network to support scaled operations. Tablet interfaces enable drone control in these applications.
Who are the top competitors of Sitemark?
Sitemark's top competitors include DroneDeploy, Zeitview and Raptor Maps.
What products or services does Sitemark offer?
Sitemark offers Sitemark Platform, Drones and Robotics, AI and Analytics, and Forms and Ticketing.
How many acquisitions has Sitemark made?
Sitemark has made 1 acquisition, including VITO.
Who are Sitemark's investors?
Sitemark has 5 investors. Key investors include European Union, EIC Fund, Korys, Chroma Impact Investment, and Startupbootcamp.
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