Gizwits

Gizwits

A smart hardware self-development and cloud service platform.

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DateInvestorsAmountRound
investor

€0.0

Valuation: €0.0

round
investor

€0.0

round
investor

€0.0

round
*

$28.0m

Valuation: $800m

Series C
Total Funding000k

Financials

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Revenues, earnings & profits over time
USD2018201920222023
Revenues0000000000000000
% growth---77 %
EBITDA0000000000000000
Profit0000000000000000
EV0000000000000000
EV / revenue00.0x00.0x00.0x00.0x
EV / EBITDA00.0x00.0x00.0x00.0x
R&D budget0000000000000000

Source: Dealroom estimates

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More about Gizwits
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Gizwits operates as a Platform as a Service (PaaS) and cloud service provider focused on the Internet of Things (IoT) market. Founded in 2014 by Jack Huang, the Guangzhou-based company has established itself as a significant player in Asia's IoT development landscape. The firm has successfully raised a total of $45.5 million over three funding rounds, with its latest Series C funding in December 2022 securing $14.3 million. Investors include notable names like Qualcomm Ventures, Matrix Partners China, and Huaying Investment Holding Group.

The company's core business revolves around providing a comprehensive suite of tools for IoT product development, catering primarily to developers and manufacturing enterprises. Gizwits offers a one-stop, full-stack IoT development toolkit that supports the entire product lifecycle, from initial concept and development to operational management. This is facilitated through an open-source PaaS model, which includes a self-service software development platform, Gizwits 2.0, and a programmable microcontroller board called GoKit. The platform is designed to lower technical barriers and costs for businesses looking to develop and launch smart, connected products.

Gizwits' service offerings are extensive, encompassing IoT cloud services, data analytics, and management tools. These tools provide functionalities such as remote access, notifications, and over-the-air (OTA) firmware upgrades. The platform supports public, private, and hybrid IoT cloud deployments and integrates technologies from partners like Qualcomm, Amazon, Google, and Microsoft. Clients can leverage enterprise-grade connectivity management, device management, application enablement, and data analytics to build and manage their IoT products. The business model includes providing these platform services along with value-added services like industrial design, software development for apps and websites, and consulting to help clients navigate their digital transformation.

The product ecosystem includes the Gizwits OS, an intelligent IoT operating system, and a range of edge intelligent terminals like sensors and gateways. The company also provides an Intelligent Operations & Maintenance solution that uses IoT and AI for predictive maintenance and troubleshooting. This enables clients, which include Fortune 500 companies like Bosch and Siemens, to connect home appliances, consumer electronics, and industrial machines to the internet and smartphones efficiently. The platform supports over 30 million connected devices sold in more than 150 countries.

Keywords: IoT development platform, Platform as a Service (PaaS), IoT cloud services, smart device development, Jack Huang, Guangzhou, embedded software, AIoT solutions, IoT data analytics, remote device management, OTA firmware updates, connected products, IoT toolkit, industrial IoT, smart home gadgets, edge computing, predictive maintenance, IoT operating system, low-code IoT, device connectivity

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