When was Litbit founded?

Litbit was founded in 2013 and raised its 1st funding round 3 years after it was founded.

Where is Litbit located?

Litbit is headquartered in Palo Alto, United States.

How many employees does Litbit have?

As of Dec 31, 2022, Litbit has 8 employees, reflecting a 61% year-over-year decline in headcount.

Is Litbit a funded company?

Litbit is a funded company, having raised a total of $***** in its 1st and only funding round, a Series A round on May 03, 2016.

When was the latest funding round of Litbit?

Litbit's latest funding was a $***** Series A round on May 03, 2016, with participation from 4 investors. Its primary sector is Internet of Things Infrastructure. In United States, the Internet of Things Infrastructure sector has seen $204M in funding in 2026 to date.

Where does Litbit rank among its competitors?

Litbit ranks 15th amongst 78 active competitors, of which 11 are funded. It stands 4th in terms of total funding among its competitors. The most recent competitor to raise funding was Barbara, which secured $5.3M in Feb, 2026.

Who are the top competitors of Litbit?

Litbit's top competitors include Thundersoft, IGEL Technology and Lynx Software Technologies. Among them, Barbara secured the most recent funding round in February, 2026.

Litbit - 2026 Company Profile, Team, Funding & Competitors

Litbit is a deadpooled company based in Palo Alto (United States), founded in 2013 by Jp Balajadia and Scott Noteboom. It operates as an Operating system for Industrial IoT. Litbit has raised $7M in funding. The company has 78 active competitors, including 11 funded and 4 that have exited. Its top competitors include companies like Thundersoft, IGEL Technology and Lynx Software Technologies.

Company Details

Litbit is a Bay Area based company started by Ex-Apple data center head Initially Litbit was trying to build an OS to make data centers smarter but as of current Litbits website it seems that they have pivoted from and are now building OS for deep infrastructure IoT. Litbit raised funding from an array of investors in 2014. Litbits core team has over 33 years of data center experience among them which will be very crucial while developing their deep infra OS as cloud is an integral part of this ecosystem

Website: litbit.com
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Key Metrics

Founded Year

2013

Location

Palo Alto, United States

Stage

Deadpooled

Total Funding

$7M in 1 round

Latest Funding Round

Series A, May 03, 2016, $*****

Investors

Storm Ventures & 8 more

Ranked

15^th among 78 active competitors

Employee Count

8 as on Dec 31, 2022

Similar Companies

Balena & 154 more

View Litbit's full profile

Litbit is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
LITBIT CIN: 463647859 , United States, Active	Dec 31, 1999	-	8 (As on Dec 31, 2022)	-

Litbit has raised a total funding of $7M over 1 round. Its latest funding round was a Series A round on May 03, 2016 for $*****. 4 investors participated in its latest round. Litbit has 9 institutional investors.

Here is the list of recent funding rounds of Litbit:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
May 03, 2016	9020589	Series A	7038473	1031095	4782202	6087774

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View details of Litbit's funding rounds and investors

The founders of Litbit are Jp Balajadia and Scott Noteboom.

Here are the details of Litbit's key team members:

Jp Balajadia: Co-Founder; VP of Litbit.
Scott Noteboom: Founder & CEO of Litbit.

View details of Litbit's Founder profiles and Board Members

Litbit's employee count trend

Litbit has 8 employees as of Dec 22. The total employee count is 62.0% lower than what it was in Dec 21. Here is Litbit's employee count trend over the years:

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Top competitors of Litbit include Thundersoft, IGEL Technology and Lynx Software Technologies. Here is the list of Top 10 competitors of Litbit, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Thundersoft 2008, Haidian (China), Seed	Software vendor and OEM for mobile industry	-	Intel, Qualcomm Ventures & 3 others	54/100
2nd	IGEL Technology 2001, Bremen (Germany), Acquired	Developer of endpoint operating system designed for secure cloud workspaces	-	Melchers	47/100
3rd	Lynx Software Technologies 1988, San Francisco (United States), Acquired	Provider of modular software solutions for mission-critical edge platform applications	-	OceanSound Partners	44/100
4th	Barbara 2016, Bilbao (Spain), Series A	Edge platform for industrial applications	$8.55M	Aramco Ventures, Caixa Capital Risc & 6 others	43/100
5th	HarmonyOS 2019, Shenzhen (China), Unfunded	Provider of operating system software for connected devices	-	-	41/100
6th	Pepper 2010, Overland Park (United States), Series B	IoT platform and services provider	$8.5M	KCRise Fund, Evergy Ventures & 5 others	41/100
7th	Stratis 2013, Richardson (United States), Unfunded	Provider of smart building operating systems for multifamily housing	-	-	41/100
8th	Datakrew 2019, Singapore (Singapore), Funding Raised	Provider of an open source OS for IoT applications	-	Astir Ventures, Beenext & 2 others	38/100
9th	supOS 2011, Ningbo (China), Series C	Provides operating system for IoT devices	$78.7M	SBCVC, Lenovo Capital and Incubator Group ... & 1 others	38/100
10th	Aetheros 2006, San Francisco (United States), Series A	Provider of an IoT operating system	$6.75M	Catamount Ventures, Intel Capital	38/100
15th	Litbit 2013, Palo Alto (United States), Deadpooled	Operating system for Industrial IoT	$7M	Storm Ventures, FCVC & 7 others	31/100