Qoitech
Financials
Estimates*
EUR | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
---|---|---|---|---|---|---|---|
Revenues | <1m | <1m | <1m | <1m | <1m | <1m | 1.2m |
% growth | - | 341 % | 72 % | 2 % | 26 % | 11 % | 50 % |
EBITDA | - | - | <1m | <1m | (<1m) | - | - |
% EBITDA margin | - | - | 26 % | 28 % | (1 %) | - | - |
Profit | (<1m) | (1.4m) | <1m | <1m | (<1m) | - | - |
% profit margin | (1167 %) | (443 %) | 16 % | 18 % | (31 %) | - | - |
Source: Dealroom estimates
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
* | SEK5.0m | Early VC | |
* | N/A | Growth Equity VC | |
Total Funding | €550k |
Recent News about Qoitech
EditQoitech is a technology startup that specializes in optimizing the energy consumption of embedded and Internet of Things (IoT) devices. Their primary product, Otii Ace Pro, is a comprehensive solution that profiles and optimizes the energy usage of these devices, and simulates batteries to ensure they are perfectly matched to the device's needs. This is crucial in extending the battery life of these devices, a key concern for developers and companies in the IoT space.
Qoitech's clientele primarily consists of developers and teams within companies that work on embedded and IoT devices. They have a broad customer base, with their products being used by over 3500 companies in more than 65 countries. Their clients range from those in the firmware development sector, who use the Otii Arc for power profiling, to those in the IoT device sector, who use it for low-power design optimization.
The company operates in the rapidly growing IoT market, where energy efficiency and long battery life are critical factors. Their business model revolves around providing a solution that not only helps developers create energy-efficient devices but also aids in automating power profiling during the final testing phase. This not only saves energy but also reduces the overall development time and cost.
Qoitech generates revenue by selling their energy profiling and optimization products. Their flagship product, Otii Ace Pro, is a key revenue driver. They also offer the Otii Automation Toolbox, which allows companies to automate their production power profiling, providing another source of income.
Keywords: Energy Optimization, IoT Devices, Embedded Devices, Battery Life, Power Profiling, Energy Profiling, Otii Ace Pro, Otii Arc, Otii Automation Toolbox, Low-Power Design.