About SkyBitz
SkyBitz is a company based in Sterling (United States) founded in 1995 was acquired by Telular in December 2011.. SkyBitz has raised $48 million across 3 funding rounds from investors including Motorola Mobility, Telular and Highstar Capital. SkyBitz has completed 2 acquisitions, including GPS North America and Reltima. SkyBitz offers products and services including Trailer Tracking, Tank Monitoring, and Petroleum Logistics. SkyBitz operates in a competitive market with competitors including Spireon, EquipmentShare, Fleet Complete, Mapon and Kpler, among others.
- Headquarter Sterling, United States
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Sectors
Transportation, Automotive & LogisticsEnergy & Utilities Technology
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Phone
*********
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Website
*********
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Social
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- Legal Name Skybitz, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$48 M (USD)
in 3 rounds
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Latest Funding Round
$10 M (USD), Series D
Feb 07, 2007
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Investors
Motorola Mobility
& 6 more
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Employee Count
Employee Count
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Investments & Acquisitions
GPS North America
& 1 more
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Acquired by
Telular
(Dec 05, 2011)
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Products & Services of SkyBitz
SkyBitz offers a comprehensive portfolio of products and services, including Trailer Tracking, Tank Monitoring, and Petroleum Logistics. 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 for trailers to streamline supply chain operations.
Advanced tools for tank oversight to ensure timely and accurate deliveries.
Solutions for tracking petroleum loads and inventory in real time.
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Funding Insights of SkyBitz
SkyBitz has successfully raised a total of $48M across 3 strategic funding rounds. The most recent funding activity was a Series D round of $10 million completed in February 2007. 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 Series D — $10.0M
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First Round
First Round
(15 Nov 2002)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Feb, 2007 | Amount | Series D - SkyBitz | Valuation |
investors |
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| Jan, 2004 | Amount | Series C - SkyBitz | Valuation | Motorola Mobility | |
| Nov, 2002 | Amount | Series B - SkyBitz | Valuation | Cordova Ventures , High Street 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 SkyBitz
SkyBitz has secured backing from 7 investors, including institutional and venture fund investors. Prominent investors backing the company include Motorola Mobility, Telular and Highstar Capital. 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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Founded Year | Domain | Location | |
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Founded Year | Domain | Location | |
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High Street Capital is engaged in private equity investments.
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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 SkyBitz
SkyBitz has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include GPS North America and Reltima. 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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GPS-based fleet and cargo tracking solutions are provided for logistics.
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2004 | ||||
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Limited information available
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2000 |
| 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 - SkyBitz
| 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 |
Skybitz Comparisons
Competitors of SkyBitz
SkyBitz 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 Spireon, EquipmentShare, Fleet Complete, Mapon and Kpler, 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 |
SaaS-enabled solutions for fleet and field service management are offered.
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| domain | founded_year | HQ Location |
Equipment rental marketplace and digital tools for construction are offered.
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| domain | founded_year | HQ Location |
Fleet, asset, and mobile workforce management solutions are provided.
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| domain | founded_year | HQ Location |
Vehicle tracking and fleet management solutions are provided.
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| domain | founded_year | HQ Location |
Offers a marine data intelligence tracking platform
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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 Skybitz
Frequently Asked Questions about SkyBitz
When was SkyBitz founded?
SkyBitz was founded in 1995 and raised its 1st funding round 7 years after it was founded.
Where is SkyBitz located?
SkyBitz is headquartered in Sterling, United States.
Is SkyBitz a funded company?
SkyBitz is a funded company, having raised a total of $48M across 3 funding rounds to date. The company's 1st funding round was a Series B of $18M, raised on Nov 15, 2002.
What does SkyBitz do?
SkyBitz provides remote asset tracking and information management solutions to trucking and logistics, oil and gas, hydraulic fracturing, and intermodal industries worldwide. The company specializes in providing real-time information on the location and status of valuable assets, such as tractor-trailers, intermodal containers, rail cars, power generators, heavy equipment, and other assets. It offers InSight, a Web-based Software-as-a-Service asset management application that is used to optimize asset utilization, eliminate lost assets, increase detention billing, and track stolen assets.
Who are the top competitors of SkyBitz?
SkyBitz's top competitors include EquipmentShare, Mapon and Quartix.
What products or services does SkyBitz offer?
SkyBitz offers Trailer Tracking, Tank Monitoring, and Petroleum Logistics.
How many acquisitions has SkyBitz made?
SkyBitz has made 2 acquisitions, including GPS North America, and Reltima.
Who are SkyBitz's investors?
SkyBitz has 7 investors. Key investors include Motorola Mobility, Telular, Highstar Capital, Cordova Ventures, and Inverness Graham.
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