About Upteko
Upteko is a company based in Copenhagen (Denmark) founded in 2018 by Sebastian Duus, Mads Joergensen, and Benjamin Mejnertz.. Upteko has raised $196.14 thousand across 3 funding rounds from investors including European Union and EIC Fund. The company has 18 employees as of November 30, 2024. Upteko offers products and services including Lark™, SWIFT™, RAVEN™, ALBA™, and NEST™. Upteko operates in a competitive market with competitors including Shield AI, Airobotics, Tekever, Ocean Infinity and Plymouth Rock, among others.
- Headquarter Copenhagen, Denmark
- Employees 18 as on 30 Nov, 2024
- Founders Sebastian Duus, Mads Joergensen, Benjamin Mejnertz
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Sectors
Industrial Goods & ManufacturingAerospace, Defense & Maritime Transportation, Automotive & Logistics
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Upteko Aps
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Annual Revenue
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Net Profit
$-47.96 M (USD)-509as on Dec 31, 2020
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EBITDA
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Total Equity Funding
$196.14 K (USD)
in 3 rounds
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Latest Funding Round
$55.05 K (USD), Grant
Nov 30, 2019
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Investors
European Union
& 1 more
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Employee Count
18
as on Nov 30, 2024
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Products & Services of Upteko
Upteko offers a comprehensive portfolio of products and services, including Lark™, SWIFT™, RAVEN™, ALBA™, and NEST™. 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.
Autonomous drone for wind turbine inspections and equipment delivery
Drone for defense reconnaissance and surveillance operations
System for managing drone activities in security applications
Advanced controller for drone payloads and operations
Customized drone platform for industry-specific needs
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Leadership Team
1 people
Product Management Team
1 people
Operations Team
1 people
Mechanical Team
1 people
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Funding Insights of Upteko
Upteko has successfully raised a total of $196.14K across 3 strategic funding rounds. The most recent funding activity was a Grant round of $55.05 thousand completed in November 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 Grant — $55,048
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First Round
First Round
(16 Jul 2019)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2019 | Amount | Grant - Upteko | Valuation |
investors |
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| Aug, 2019 | Amount | Grant - Upteko | Valuation |
investors |
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| Jul, 2019 | Amount | Seed - Upteko | Valuation |
investors |
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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 Upteko
Upteko has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include European Union and EIC Fund. 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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Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability
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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 Upteko
| 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 - Upteko
| 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 |
Upteko Comparisons
Competitors of Upteko
Upteko 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 Shield AI, Airobotics, Tekever, Ocean Infinity and Plymouth Rock, 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 |
Autonomous drones and AI pilots for fighter jets are developed.
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| domain | founded_year | HQ Location |
Design and development solutions for industrial drones are provided.
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| domain | founded_year | HQ Location |
UAVs and software are manufactured for military and enterprise surveillance.
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| domain | founded_year | HQ Location |
Robotic ships are provided for ocean data acquisition and analysis.
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| domain | founded_year | HQ Location |
Provider of AI-based radar imaging and signal processing based threat detection solution
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| domain | founded_year | HQ Location |
Indoor security is monitored using drone-based systems.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 Upteko
When was Upteko founded?
Upteko was founded in 2018 and raised its 1st funding round 1 year after it was founded.
Where is Upteko located?
Upteko is headquartered in Copenhagen, Denmark.
Is Upteko a funded company?
Upteko is a funded company, having raised a total of $196.14K across 3 funding rounds to date. The company's 1st funding round was a Seed of $196.14K, raised on Jul 16, 2019.
How many employees does Upteko have?
As of Nov 30, 2024, the latest employee count at Upteko is 18.
What does Upteko do?
Upteko was founded in 2018 in Copenhagen, Denmark, as a developer and operator of drone systems tailored for the maritime sector. Inspections of ships and dry docks are conducted using these systems. Operations are focused on providing inspection services, with applications extending to construction, landscape, oil and gas, and wind energy industries. The company is based in Denmark and serves related global sectors.
Who are the top competitors of Upteko?
Upteko's top competitors include Shield AI, Airobotics and Tekever.
What products or services does Upteko offer?
Upteko offers Lark™, SWIFT™, RAVEN™, ALBA™, and NEST™.
Who are Upteko's investors?
Upteko has 2 investors. Key investors include European Union, and EIC Fund.