About Summit Innovations
Summit Innovations is a company based in Melbourne (Australia) founded in 2009 was acquired by DTiQ in October 2022.. Summit Innovations offers products and services including Summit Drive-thru Timing System, Summit Panorama Reporting, G5 Drive-thru Headset Systems, 360IQ Intelligent Video, and SmartAudit. Summit Innovations operates in a competitive market with competitors including AKQA, Unicorn, Hancom, AlmavivA and Hedgehog lab, among others.
- Headquarter Melbourne, Australia
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Sectors
Technology
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Email
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Phone
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Website
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Products & Services of Summit Innovations
Summit Innovations offers a comprehensive portfolio of products and services, including Summit Drive-thru Timing System, Summit Panorama Reporting, G5 Drive-thru Headset Systems, 360IQ Intelligent Video, and SmartAudit. 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.
Manages drive-thru operations for efficiency in quick service restaurants.
Provides insights to optimize drive-thru performance and operations.
Facilitates clear communication for drive-thru order taking.
Offers video analytics for security and operational compliance.
Detects employee theft and ensures operational standards.
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Funding Insights of Summit Innovations
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Investors in Summit Innovations
Summit Innovations has secured backing from 1 investor. Prominent investors backing the company include DTiQ. 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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Provider of digital business training solutions and software
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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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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Investments & Acquisitions by Summit Innovations
| 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 - Summit Innovations
| 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 |
Summit Innovations Comparisons
Competitors of Summit Innovations
Summit Innovations 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 AKQA, Unicorn, Hancom, AlmavivA and Hedgehog lab, 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 |
Integrated digital marketing campaigns are developed and executed across channels.
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Software development services are provided by Unicorn in Prague.
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Technology conglomerate spanning AI, blockchain, IoT, and mobility solutions.
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IT services suite solutions are provided globally by AlmavivA.
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Mobile application development and UX design services are provided.
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Platform offering digital textbooks for students
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Summit Innovations
When was Summit Innovations founded?
Summit Innovations was founded in 2009.
Where is Summit Innovations located?
Summit Innovations is headquartered in Melbourne, Australia. It is registered at Melbourne, Victoria, Australia.
What does Summit Innovations do?
Summit Innovations was founded in 2009 and is headquartered in Melbourne, Australia. Operations focus on the software development sector, where cloud-based solutions are delivered. Services encompass custom software creation, integration, and maintenance for various industries. The company serves clients primarily in the Asia-Pacific region, with a team led by Managing Director Andre J Pravaz. Emphasis is placed on scalable, secure cloud technologies to support business needs.
Who are the top competitors of Summit Innovations?
Summit Innovations's top competitors include RedShelf, Unicorn and Hedgehog lab.
What products or services does Summit Innovations offer?
Summit Innovations offers Summit Drive-thru Timing System, Summit Panorama Reporting, G5 Drive-thru Headset Systems, 360IQ Intelligent Video, and SmartAudit.
Who are Summit Innovations's investors?
Summit Innovations has 1 investor. Key investors include DTiQ.
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