Elevát

About Elevát

Elevāt is an Industrial Internet of Things (IIoT) company that provides a cloud-based platform for connecting and managing off-highway industrial machinery. Founded in 2015 by Adam Livesay and William Hill, the Seattle-based company was created to meet the demand for a platform that could deliver real-time asset management for the off-highway equipment market. Both founders brought relevant industry experience from their time at Western Integrated Technologies (WIT), a manufacturer and integrator of fluid power and electronic systems. Elevāt itself began as a spin-off of WIT.

The company's core offering is a hardware-agnostic platform that connects machines, businesses, and their entire ecosystems, including operators, distributors, and Original Equipment Manufacturers (OEMs). It utilizes sensors on industrial machinery that transmit data to a central gateway, which then communicates with the Elevāt cloud platform. This data can be accessed and visualized on any device, such as a laptop or smartphone. Elevāt's platform enables real-time monitoring of key metrics like machine health, operational efficiency, uptime, and location, allowing for predictive maintenance, remote diagnostics, and over-the-air software updates. This helps to reduce downtime, lower operating costs, and improve customer support.

Elevāt serves a wide range of industries, including agriculture, construction, mining, forestry, and oil and gas. The business model is B2B, primarily targeting Tier 2 and Tier 3 OEMs who may lack the in-house resources to develop their own advanced telematics solutions. The company offers a range of solutions from out-of-the-box packages to fully customized and branded enterprise solutions. Elevāt often partners with hardware manufacturers and other technology companies, like Cummins and STW Technic, to deliver integrated solutions. The company's revenue model is based on Software as a Service (SaaS), with clients typically signing multi-year contracts.