About VEBITS
VEBITS is a company based in Singapore (Singapore) founded in 2017 by Marcus Chen.. VEBITS has raised $604.86 thousand across 1 funding round from investors including SGInnovate. VEBITS operates in a competitive market with competitors including Cambridge Mobile Telematics, Aptiv, Eatron, ESCORT and Light, among others.
- Headquarter Singapore, Singapore
- Founders Marcus Chen
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Sectors
TechnologyTransportation, Automotive & Logistics
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Phone
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Website
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Social
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- Legal Name Vebits Ai Pte. Limited
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Annual Revenue
$423.37 K (USD)442as on Dec 31, 2021
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Net Profit
$149.69 K (USD)28193as on Dec 31, 2021
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EBITDA
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Total Equity Funding
$604.86 K (USD)
in 1 rounds
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Latest Funding Round
$604.86 K (USD), Seed
Jan 17, 2018
- Investors
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Employee Count
Employee Count
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Funding Insights of VEBITS
VEBITS has successfully raised a total of $604.86K through 1 strategic funding round. The most recent funding activity was a Seed round of $604.86 thousand completed in January 2018. 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 1
- Last Round Seed — $604,864
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First Round
First Round
(17 Jan 2018)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2018 | Amount | Seed - VEBITS | Valuation | SGInnovate |
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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 VEBITS
VEBITS has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include SGInnovate. 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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Early-stage deep tech startups are funded by SGInnovate in Singapore.
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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 VEBITS
| 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 - VEBITS
| 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 |
Vebits Comparisons
Competitors of VEBITS
VEBITS 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 Cambridge Mobile Telematics, Aptiv, Eatron, ESCORT and Light, 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 |
Usage-based data monitoring solutions for the auto insurance industry
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| domain | founded_year | HQ Location |
SaaS-based self-driving solutions for autonomous vehicles
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| domain | founded_year | HQ Location |
AI-enabled battery management and motion control systems are developed.
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| domain | founded_year | HQ Location |
Driver alert systems are offered via hardware and software solutions.
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| domain | founded_year | HQ Location |
Developer of a tech-enabled platform offering camera-enabled perception solution for autonomous vehicles
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| domain | founded_year | HQ Location |
Vehicle diagnostics solutions are delivered via a SaaS-based OBD platform.
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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 VEBITS
When was VEBITS founded?
VEBITS was founded in 2017 and raised its 1st funding round 1 year after it was founded.
Where is VEBITS located?
VEBITS is headquartered in Singapore, Singapore.
Is VEBITS a funded company?
VEBITS is a funded company, having raised a total of $604.86K across 1 funding round to date. The company's 1st funding round was a Seed of $604.86K, raised on Jan 17, 2018.
What is the annual revenue of VEBITS?
Annual revenue of VEBITS is $423.37K as on Dec 31, 2021.
What does VEBITS do?
VEBITS is focused on developing AI-based safe driving transportation technologies for both manned unmanned vehicles. The company utilizes computer vision, deep learning, and big data to learn how drivers negotiate traffic in different regions situations. Its offerings include a complete situational awareness system with a real-time 360-degree video feed, driver behavior monitoring system, geospatial big data, and traffic intelligence surveys.
Who are the top competitors of VEBITS?
VEBITS's top competitors include Cambridge Mobile Telematics, Eatron and EasyRain.
Who are VEBITS's investors?
VEBITS has 1 investor. Key investors include SGInnovate.