About Xevo
Xevo is a company based in Bellevue (United States) founded in 2000 was acquired by Lear Corporation in April 2019.. Xevo has raised $36.21 million across 6 funding rounds from investors including SQUARE ENIX, Sumitomo Mitsui Banking Corporation and ITOCHU. The company has 258 employees as of December 31, 2022. Xevo has completed 1 acquisition, including Surround.io. Xevo operates in a competitive market with competitors including Gracenote, RealVNC, AVIN Systems, Acsia Technologies and Jungo, among others.
- Headquarter Bellevue, United States
- Employees 258 as on 31 Dec, 2022
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Sectors
Transportation, Automotive & Logistics
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Uievolution, 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
$36.21 M (USD)
in 6 rounds
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Latest Funding Round
$10.21 M (USD), Series E
Jan 13, 2016
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Investors
SQUARE ENIX
& 7 more
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Employee Count
258
as on Dec 31, 2022
- Investments & Acquisitions
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Acquired by
Lear Corporation
(Apr 02, 2019)
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Funding Insights of Xevo
Xevo has successfully raised a total of $36.21M across 6 strategic funding rounds. The most recent funding activity was a Series E round of $10.21 million completed in January 2016. 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 6
- Last Round Series E — $10.2M
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First Round
First Round
(16 Jan 2004)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2016 | Amount | Series E - Xevo | Valuation |
investors |
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| Dec, 2013 | Amount | Series D - Xevo | Valuation | Intel Capital |
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| Dec, 2012 | Amount | Series D - Xevo | 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 Xevo
Xevo has secured backing from 8 investors, including institutional and venture fund investors. Prominent investors backing the company include SQUARE ENIX, Sumitomo Mitsui Banking Corporation and ITOCHU. 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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Investment in technology startups focusing on compute, AI, and related innovations.
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Founded Year | Domain | Location | |
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Tech & Life-Sciences focused Growth stage Venture Debt Firm investing in North America
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Founded Year | Domain | Location | |
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Toyota Motor Corporation is engaged in automotive manufacturing and mobility solutions.
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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 Xevo
Xevo has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Surround.io. 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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Smart connected cameras are networked using machine learning and AI.
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2014 |
| 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 - Xevo
| 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 |
Xevo Comparisons
Competitors of Xevo
Xevo 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 Gracenote, RealVNC, AVIN Systems, Acsia Technologies and Jungo, 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 |
Digital media recognition solutions are provided for content management.
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| domain | founded_year | HQ Location |
Remote access software is provided for connected devices worldwide.
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| domain | founded_year | HQ Location |
Multimedia software solutions for connected vehicles are provided.
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| domain | founded_year | HQ Location |
ECU and infotainment solutions for autonomous vehicles
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| domain | founded_year | HQ Location |
Multimedia connectivity solutions for in-vehicle infotainment are provided.
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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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Latest news on Xevo
Frequently Asked Questions about Xevo
When was Xevo founded?
Xevo was founded in 2000 and raised its 1st funding round 4 years after it was founded.
Where is Xevo located?
Xevo is headquartered in Bellevue, United States. It is registered at Bellevue, Washington, United States.
Is Xevo a funded company?
Xevo is a funded company, having raised a total of $36.21M across 6 funding rounds to date. The company's 1st funding round was a Series D of $5M, raised on Jan 16, 2004.
How many employees does Xevo have?
As of Dec 31, 2022, the latest employee count at Xevo is 258.
What does Xevo do?
Founded in 2000 and based in Bellevue, United States, Xevo specializes in cloud-based software for integrating smartphones with embedded devices across automotive, cruise, hospitality, and retail sectors. Infotainment and enterprise services are supplied to OEMs and suppliers such as Toyota, Lexus, Clarion, and DENSO. The company was acquired by Square Enix in 2004 for 58 million and operated independently after a 2007 spin-off.
Who are the top competitors of Xevo?
Xevo's top competitors include Gracenote, RealVNC and AVIN Systems.
How many acquisitions has Xevo made?
Xevo has made 1 acquisition, including Surround.io.
Who are Xevo's investors?
Xevo has 8 investors. Key investors include SQUARE ENIX, Sumitomo Mitsui Banking Corporation, ITOCHU, Lear Corporation, and Toyota.
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