COMPANY PROFILE

Bit Stew Systems

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Market leading platform for Software Defined Operations for the Industrial Internet

Burnaby, CanadaFounded 2005AI

Valuation $100–250M Last recorded · 2016

Headcount <100 Current team size

Total funding $10–50M Disclosed equity funding

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About Bit Stew Systems

Bit Stew Systems specializes in providing intelligent industrial automation solutions that enhance operational efficiency and data integration for various industries. The company operates in the industrial Internet of Things (IoT) market, serving clients such as utilities, oil and gas companies, and manufacturing firms. Bit Stew's core product, MIx Core, leverages machine learning and artificial intelligence to process and analyze vast amounts of data in real-time, enabling clients to make informed decisions and optimize their operations. The business model is primarily subscription-based, with clients paying for access to the MIx Core platform and its various modules. Revenue is generated through these subscriptions, as well as through professional services such as implementation and support. Bit Stew's solutions are designed to address the challenges of data complexity and integration in industrial environments, providing a comprehensive platform that simplifies data management and enhances operational insights.

MoreLess Source: Dealroom company data

At a glance

Status: Acquired
Founded: 2005
Headquarters: Burnaby, Canada
Employees: 6
Open positions: None listed
Dealroom signal: 25.3/100
Industry: Enterprise Software
Sector: AI, Analytics, Data Analytics, Hard Tech, DT and LS
Technology: Artificial Intelligence, Deep Tech, Machine Learning, Nanotech, IoT InternetOfThings
Business model: SaaS
Client focus: b2b
Links: Website LinkedIn

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Funding history

6 recorded events

Company financing events and reported valuations.

Deal type	Date	Amount	Valuation	Investors	Source
ACQUISITION✓Exit	Nov 2016	$153M	$153M	General Electric	—
SERIES C✓Equity / VC	Jun 2016	$1M	$4M	GE Ventures · BDC Capital · Kensington Capital Partners · Yaletown Partners	—

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Growth signals

Bit Stew Systems website traffic

Latest recorded traffic for Bit Stew Systems is 0 monthly website visits. Bit Stew Systems's team grew 0% over the past year.

Latest monthly visits0 1-year team growth0%

Monthly website visitsApr 2016–Oct 2020

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