About Situm
Situm is a company founded in 2014 by Adrian Canedo Rodriguez, Victor Alvarez Santos, and Cristina Gamallo Solorzano.. Situm has raised $3.28 million across 3 funding rounds from investors including Amadeus, Swanlaab and Prosegur Argentina. Situm offers products and services including Indoor Maps, Indoor Navigation, and Indoor Tracking. Situm operates in a competitive market with competitors including Ajax Systems, Proxyclick, Topcon Positioning, Minut and Inertial Labs, among others.
- Founders Adrian Canedo Rodriguez, Victor Alvarez Santos, Cristina Gamallo Solorzano
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Sectors
Business ServicesTechnology Industrial Goods & Manufacturing
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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 Situm Technologies, S.L.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$3.28 M (USD)
in 3 rounds
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Latest Funding Round
$3.28 M (USD), Seed
Oct 03, 2019
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Investors
Amadeus
& 5 more
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Employee Count
Employee Count
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Products & Services of Situm
Situm offers a comprehensive portfolio of products and services, including Indoor Maps, Indoor Navigation, and Indoor Tracking. 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.
Platform for creating interactive indoor maps for navigation.
App-based system for real-time indoor guidance and directions.
Tool for monitoring employees and visitors in real time.
Funding Insights of Situm
Situm has successfully raised a total of $3.28M across 3 strategic funding rounds. The most recent funding activity was a Seed round of $3.28 million completed in October 2019. 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 3
- Last Round Seed — $3.3M
- First Round First Round
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Oct, 2019 | Amount | Seed - Situm | Valuation | Swanlaab | |
| Dec, 2017 | Amount | Seed - Situm | Valuation | Amadeus , Unirisco | |
| Feb, 2016 | Amount | Grant - Situm | Valuation |
investors |
| 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 |
Investors in Situm
Situm has secured backing from 6 investors, including venture fund and institutional investors. Prominent investors backing the company include Amadeus, Swanlaab and Prosegur Argentina. 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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Tech sectors are invested in by Swanlaab venture capital fund.
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Founded Year | Domain | Location | |
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Xesgalicia is engaged in supporting Galician businesses through investments.
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Founded Year | Domain | Location | |
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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 Situm
| 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 - Situm
| 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 |
Situm Comparisons
Competitors of Situm
Situm 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 Ajax Systems, Proxyclick, Topcon Positioning, Minut and Inertial Labs, 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 |
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| domain | founded_year | HQ Location |
Connected security systems with detectors and hubs are provided.
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| domain | founded_year | HQ Location |
Cloud-driven visitor management software is provided for workplaces.
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| domain | founded_year | HQ Location |
Provides precision positioning systems for infrastructure and farming sectors.
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| domain | founded_year | HQ Location |
Security sensors for residential hazard detection are developed.
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| domain | founded_year | HQ Location |
Inertial navigation systems are supplied for positioning and tracking solutions.
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| domain | founded_year | HQ Location |
Indoor positioning and navigation systems are provided for buildings.
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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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Frequently Asked Questions about Situm
When was Situm founded?
Situm was founded in 2014 and raised its 1st funding round 2 years after it was founded.
Who is the current CEO of Situm?
Victor Alvarez Santos is the current CEO of Situm. They have also founded this company.
Is Situm a funded company?
Situm is a funded company, having raised a total of $3.28M across 3 funding rounds to date.
What does Situm do?
Situm was founded in 2014 as a provider of indoor positioning technology. An AI and cloud-based platform is offered, incorporating sensor fusion to merge environmental data with smartphone inputs. Customers, visitors, employees, and assets are tracked and monitored in indoor settings. Navigation and routing assistance is enabled for users. Mapping tools, dashboards, notifications, and promotion features are included in the services. Sectors served encompass hospitals, shopping centers, and airports.
Who are the top competitors of Situm?
Situm's top competitors include Ajax Systems, Minut and Proxyclick.
What products or services does Situm offer?
Situm offers Indoor Maps, Indoor Navigation, and Indoor Tracking.
Who are Situm's investors?
Situm has 6 investors. Key investors include Amadeus, Swanlaab, Prosegur Argentina, Xesgalicia, and Unirisco.
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