Codesian Software Tech SL
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Codesian Software Tech SL - overview
Established
2014
Location
-, -, Spain
Primary Industry
Software
About
Codesian Software Tech SL is a Spanish company focusing on custom technological solutions that enhance operational efficiency and innovation across various industries, including agriculture and renewable energy. Founded in 2014, Codesian Software Tech SL develops tailored software solutions to support operational efficiency. The company has undergone no noted pivots and does not have any subsidiaries. Founded by David Abad, who has a history in technology entrepreneurship, Codesian is headquartered in Spain.
In August 2019, the company raised EUR 0. 27 million in Series A funding from investors Ade Gestion Sodical, Caja Rural Particulares, and Soria Futuro, marking their first funding round. This amount corresponds to the total capital raised. Codesian specializes in creating tailored technological solutions designed to enhance operational efficiency and foster innovation across various sectors.
Their core offerings include custom-built applications, web portals, and advanced systems for environmental monitoring and geographic analysis. By leveraging artificial intelligence (AI) and machine learning, Codesian transforms vast data sets into actionable insights, aiding clients in making informed strategic decisions. Their product suite serves diverse industries, including agriculture, renewable energy, and public administration, with notable clients such as Cabildo Insular de Tenerife and Solarig. In 2023, Codesian reported a revenue of EUR 509,145.
90 and an EBITDA of EUR 45,646. 20, generated primarily through business-to-business transactions. Their revenue model includes project-based contracts and support agreements, with income derived from custom development fees and maintenance services. Current projects feature the AgrarIA initiative and ongoing enhancements to the Ícarus platform, focusing on integrating AI into traditional sectors.
Codesian Software Tech SL plans to utilize the EUR 0. 27 million raised in Series A funding from August 2019 to expand its product offerings and market presence. They are in the process of designing new products aimed at enhancing AI integration by 2024. Furthermore, Codesian intends to enter new geographic markets, focusing on international expansion in Europe by mid-2025.
Current Investors
Caja Rural Particulares, Ade Gestion Sodical, Soria Futuro
Primary Industry
Software
Sub Industries
Analytics & Performance Software, Systems Management Software, Agribusiness
Website
www.codesian.com
Verticals
Agtech, Artificial Intelligence, Robotics
Company Stage
Series A
Total Amount Raised
Subscriber access only
Codesian Software Tech SL - timeline of key events
Codesian Software Tech SL - financials
| Fiscal Year Ended | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 93,199.8 | 122,714.1 | 137,884.8 | 142,742 | 260,696.1 | 352,108.5 | - | - | - |
| % Revenue Growth (YoY) | - | 31.7% | 12.4% | 3.5% | 82.6% | 35.1% | - | - | - |
| EBITDA (USD) | 6,602.9 | 4,702.9 | 34,208.6 | 52,064.5 | 79,352.5 | 134,256.3 | - | - | - |
| Operating Income (USD) | 5,229.5 | 1,794.7 | 28,027.9 | 19,075.3 | 26,790.8 | 75,049.3 | - | - | - |
| Operating Margin | 5.6% | 1.5% | 20.3% | 13.4% | 10.3% | 21.3% | - | - | - |
| % EBITDA Margin | 7.1% | 3.8% | 24.8% | 36.5% | 30.4% | 38.1% | - | - | - |
| NET Income (USD) | 3,547.6 | 1,036.6 | 20,450.3 | 11,493.8 | 17,793.8 | 56,389.6 | - | - | - |
| % Net Margin | 3.8% | 0.8% | 14.8% | 8.1% | 6.8% | 16.0% | - | - | - |
Codesian Software Tech SL - employee data
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