CodeIT
Financials
Estimates*
| EUR | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2023 |
|---|---|---|---|---|---|---|---|
| Revenues | 3.7m | 3.1m | 4.8m | 4.9m | 5.1m | 6.6m | 7.6m |
| % growth | 2 % | (16 %) | 54 % | 3 % | 4 % | 29 % | - |
| EBITDA | <1m | <1m | <1m | <1m | <1m | <1m | - |
| % EBITDA margin | 2 % | 6 % | 10 % | 10 % | 3 % | 6 % | - |
| Profit | <1m | <1m | <1m | <1m | <1m | <1m | - |
| % profit margin | 2 % | 5 % | 8 % | 8 % | 5 % | 6 % | - |
Source: Dealroom estimates
| Date | Investors | Amount | Round |
|---|---|---|---|
€1.2m | Grant | ||
$1.4m | Grant | ||
| Total Funding | €2.5m | ||
Related Content
Recent News about CodeIT
EditCodeIT, a Norwegian startup, specializes in helping companies optimize their production processes by leveraging data. The company operates in the industrial automation and data management market, serving a diverse range of clients across various industries, including manufacturing, seafood, and technology. CodeIT's solutions are designed to enhance production efficiency, productivity, and overall business performance by utilizing data more effectively.
The company has a significant global presence, connecting 50,000 devices across 2,000 production lines in countries such as Canada, Chile, Denmark, England, Finland, Germany, Ireland, Japan, Norway, Scotland, Sweden, the USA, Vietnam, and West Sahara. This extensive reach demonstrates CodeIT's capability to cater to a wide array of clients, from small businesses to large multinational corporations.
CodeIT's business model revolves around providing comprehensive data management solutions that include traceability, data capture, connectivity, automation, and production management. These solutions are built on decades of cross-industry experience and close collaboration with technology partners. The company's approach emphasizes ease of integration, installation, operation, maintenance, and lifelong support, ensuring that clients can seamlessly adopt and benefit from their services.
Revenue generation for CodeIT primarily comes from the sale and implementation of their data management solutions, as well as ongoing support and maintenance services. By helping clients improve their production processes and make better use of their data, CodeIT adds significant value, which in turn drives their financial success.
In summary, CodeIT is a trusted partner for forward-thinking companies looking to enhance their production capabilities through advanced data management solutions. The company's commitment to excellence, open standards, and best practices has earned them a strong reputation in the industry.
Keywords: Data Management, Production Optimization, Industrial Automation, Traceability, Connectivity, Automation, Productivity, Global Presence, Technology Partners, Lifelong Support.