Elevāt
- Location : Seattle, Washington
- Sector: Internet of Things (IOT) & SaaS (software as a Service)
Growthbridge ventures is an Investor Relations and Marketing Outreach firm. The companies listed on this website and Portal are not an offer to the general public to purchase any form of securities. Every company listed on this website and Portal are listed for Investor Relations and marketing outreach, and should be considered to be a very high risk investment and the investor must be comfortable in accepting and bearing the very high level of risk associated with any of the companies listed on this site, should they choose to engage in any form of investment. The information contained on these companies is proprietary and strictly confidential. It is intended to be reviewed only by accredited investors and financial institutions and should not be used for any other reason or made available to any other person or entity without the prior written consent of Growthbridge ventures. The technology and process used on this website is protected by existing or pending patents owned by Growthbridge ventures. Nothing on this site including any related communication is intended to provide specific financial, investment, tax, legal, accounting or other advice to you, and should not be acted or relied upon in that regard without seeking the advice of a professional. In all circumstances, you should seek guidance from your current advisor as your advisor can help to ensure that your own circumstances have been properly considered and any action is taken on the latest available information.
Meet
Founded in 2017 and headquartered in Seattle, Elevāt is an internationally recognized Internet of Things (IOT) SaaS (software as a Service) leader providing machine-to-cloud solutions.
By connecting machinery to the cloud. manufacturers, dealers, and equipment users can build a virtuous cycle providing machine insight, predictive maintenance and just in time parts providing tremendous operational and logistics savings for OEM’s Fleets and Governments.
Elevat also provides the ability to remotely update Software allowing machine operators, and manufacturers to leverage sensed data and to make real-time business decisions reducing downtime and optimize productivity offering an unparalleled ROI.
Elevat’s ability to collect any type of machine data is becoming critical to the development and deployment of next generation machines as well as electrification, autonomous vehicles, machine learning and is indispensable for AI.
Problem They’re Solving
Most machine worldwide are not connected to the cloud meaning owners are blind to critical data such as machine location, health, real world use, working conditions and overall performance, all of which led to inefficiencies costing billions annually.
It Is not possible to improve what Is not measured, Elevāt makes connecting any machine anywhere in the world easy and real time sensed data delivery possible via a variety of world class partners.
Where They Are Headed
Elevāt’s industry leading turn-key data acquisition SaaS solution enables machine builders, operators, and machine users to manage and improve machine performance, maintenance, and operator efficiencies for machines anywhere in the world, providing a ROI that nothing else can.
Elevāt reduces overhead via predictive maintenance, enhanced machine performance via software upgrades and JIT parts supply. Data generated by Elevāt opens the entire machine supply chain ecosystem to new possibilities and fundamentally alters the relationship between machine builders, operators, and parts suppliers.
Elevat makes the next generation of machines possible and is indispensable for machine learning and AI. Machinery manufacturers are increasingly expected to provide ongoing software updates driving the need for Elevat’s solution.
Our largest opportunities are replacing in house solutions with Elevat’s industry leading solution.
Opportunity Highlights
- Profitability and Growth: The 2024 revenue is estimated to grow between $ 2.5 & 3,000,000 approx. a 200% increase over 2023. 267% ARR growth in 2023.
- Strong Management Team with knowledge and expertise: Our management team consists of leaders who have deep domain experience, launch products, scaling business and acquisitions.
- Market Potential: There is a huge market potential. We are addressing $2.5 Trillion Market Size across Off-Highway OEM and Retrofit Machines. While the Serviceable market is $1T consisting of North America, Europe, South America OEM and Pump annual Production & Retrofit.
- Scalability & Partnerships: Once we have entered a partnership contract, we cover 1000s of OEMs, creating a steady increase in qualified opportunities. Elevat sales grow each month and year after year as new machines are built Elevat SaaS revenue increases.
Management Team
William Hill , Founder & CEO
Owner & CEO of Western Integrated Technologies. 40+ yr entrepreneur with 10+ acquisitions and over $ 1B in industrial sales.
Adam Livesay Founder & CCO
Led Electronic Controls & Software Division at large western US distributor 10+ Years of Industrial Manufacturing Experience; Deployed 100+ successful Industrial IoT solutions.
Jeb Garcia , VP Engineering
Led Product Engineering at Hitachi for 9 years and received Hitachi’s highest technical engineering award.
Hugh Zinsmeyer VP of Sales
20+ years of Industrial & Mobile Off-highway Automation experience and 10 years of experience delivering IoT solutions.
Josh Dresher, Director of OEM Sales
20+ Years experience in customer-facing technical roles for 2 different corporations Led Division Sales team of mobile electronic control company, with sales totaling $160MM+.
Milestones
- 2024 revenue estimated grow to between $ 2.5 & 3,000,000 approx. a 200% increase over 2023
- During 2024 Elevat - New client contract added $10M over 5 years
- During 2024 Elevat - Added $5M new client w/ 5-year contract
- For 2025 Secured new SaaS revenue with a new $ 1 MM PO
- New client committed to 10-year contracts representing $ 15MM in Total Contract Value
- $3MM ARR in new marine industry currently in discussions
- New Commercial Chanel Partnerships - specifically targeting busses and RV’s
Key Metrics
- Elevat OEMS build more new machines every month so now that Elevat is included on their bill of material
- Elevat sales grow each month and year after year as new machines are built Elevat SaaS revenue increases
- SaaS Subscription is per Machine per Year - $360 per yr/ & contracts are 3 - 5 Year Contracts
- $7.5M ARR already Under Contract through 2026 expected to nearly double by 2026 YE
- $55M+ in total ARR in existing Sales Funnel
Send us your contact information and our market specialist will reach out you.
