Xevo - About the company
Xevo is an acquired company based in Bellevue (United States), founded in 2000 by Satoshi Nakajima. It operates as a Connected car software and intelligent user experiences for automotive OEMs. Xevo has raised $36.2M in funding from Intel Capital. The company has 36 active competitors, including 4 funded and 11 that have exited. Its top competitors include companies like Gracenote, RealVNC and Cinemo.
Company Details
Connected car software and intelligent user experiences for automotive OEMs. They provide powerful software solutions leveraging analytics and data insights to deliver an AI-enhanced driving experience. Their offerings include connected services development environments and smartphone function integration, enabling seamless vehicle, content, and service integration. As a Tier 1 automotive software supplier, they focus on helping automakers deliver the next generation of connected-vehicle experiences. They provide solutions for automotive telematics, connectivity solutions, and intelligent user interfaces. They offer services to merchant partners and service providers, creating monetization opportunities. They are a B2B tech company offering software and AI-driven solutions for the automotive industry.
- Website
- www.xevo.com
- Social
- Registered Address
- Bellevue, Washington
Key Metrics
Founded Year
2000
Location
Bellevue, United States
Stage
Acquired
Total Funding
$36.2M in 6 rounds
Latest Funding Round
Investors
Ranked
3rd among 36 active competitors
Employee Count
258 as on Dec 31, 2022
Investment & Acquisitions
Exit Details
Acquired by Lear Corporation (Apr 02, 2019)
Legal entities associated with Xevo
Xevo is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
Uievolution, Inc. CIN: 912070151 , United States, Active | Dec 31, 1999 | - | 171 (As on Dec 31, 2022) | - |
Xevo's acquisition details
Xevo got acquired by Lear Corporation on Apr 02, 2019 at an acquisition amount of $320M. It was facilitated by Evercore and Agile Equity.
Click here to take a look at Xevo's acquisition in detail
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Xevo's funding and investors
Xevo has raised a total funding of $36.2M over 6 rounds. Its first funding round was on Jan 16, 2004. Its latest funding round was a Series E round on Jan 13, 2016 for $*****. 2 investors participated in its latest round. Xevo has 9 institutional investors.
Here is the list of recent funding rounds of Xevo:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Jan 13, 2016 | 4123062 | Series E | 9316750 | 8777913 | 6803322 | 1602929 |
Dec 11, 2013 | 1277502 | Series D | 3394145 | 7440971 | 2947067 | 7821928 |
Dec 28, 2012 | 5839017 | Series D | 2276486 | 9205708 | 7767738 | 2693460 |
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Xevo's founders and board of directors
Founder? Claim ProfileThe founders of Xevo is Satoshi Nakajima.
Here are the details of Xevo's key team members:
- Satoshi Nakajima: Founder, Chief Scientist of Xevo. They are also an angel investor in 2 startups.
- Dan Gittleman: CEO of Xevo.
View details of Xevo's Founder profiles and Board Members
Xevo's employee count trend
Xevo has 258 employees as of Dec 22. The total employee count is 18.0% more than what it was in Dec 21. Here is Xevo's employee count trend over the years:
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Xevo's Competitors and alternates
Top competitors of Xevo include Gracenote, RealVNC and Cinemo. Here is the list of Top 10 competitors of Xevo, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st |  Gracenote 1993, Emeryville (United States), Acquired | Provider of entertainment metadata powering content navigation, discovery, and connection | $51M | 69/100 | |
2nd | RealVNC 2002, Cambridge (United Kingdom), Acquired | Remote access software for connected devices | - | 57/100 | |
3rd | Xevo 2000, Bellevue (United States), Acquired | Connected car software and intelligent user experiences for automotive OEMs | $36.2M | 57/100 | |
4th | Embedded software solutions for vehicle infotainment systems | - | 55/100 | ||
5th | OpenSynergy 2007, Berlin (Germany), Acquired | Provider of the hypervisors for application in autonomous vehicles | $1.15M | 49/100 | |
6th | Manufacturer of the middleware, hypervisors and other software solution for embedded applications | - | - | 43/100 | |
7th | Abalta Tech 2003, Torrance (United States), Series B | Mobility software solutions provider specializing in connectivity, cloud, and smart device integration | - | 42/100 | |
8th |  Acsia Technologies 2014, Thiruvananthapuram (India), Funding Raised | ECU and infotainment solutions for autonomous vehicles | - | 41/100 | |
9th | Developer of in-vehicle infotainment software system for automobiles | - | - | 41/100 | |
10th | Jasmin Infotech 1998, Chennai (India), Unfunded | Embedded software solutions provider | - | - | 41/100 |
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Xevo's Investments and acquisitions
Xevo has acquired Surround.io. Xevo has not made any investments as of now.News related to Xevo
Filter this list•
Connected car company Xevo, owned by Lear, hit with layoffs in Seattle areaGeekWire•Jul 08, 2021•Xevo
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CITGO and Xevo to deliver in-vehicle fuel transaction capabilitiesTelematics News•Feb 10, 2021•CITGO, Xevo
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Xevo Partners with Hyundai to Offer Customers In-Vehicle CommercePR Newswire•Sep 05, 2019•Xevo, Hyundai Motor Company, Lear Corporation
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Xevo’s SmartDeviceLink Technology to power connected features of Toyota vehicles in Japannewmobility.global•Jan 03, 2019•Xevo, Toyota Motor
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