Giatec Scientific Inc.
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Giatec Scientific Inc. - overview
Established
2010
Location
Ottawa, ON-Ontario, Canada
Primary Industry
Software
About
Based in Canada, Giatec Scientific Inc. specializes in advanced technology solutions for concrete testing, enhancing efficiency and accuracy in construction projects through innovative products and services. Giatec Scientific Inc. is focused on developing cutting-edge technology for the concrete industry, founded in 2010 in Ottawa, Canada.
The company, founded by Aali Alizadeh, has successfully raised CAD 5. 0 mn over several funding rounds, with its most recent deal on October 8, 2024, where it secured CAD 17. 5 mn in Grant funding from the Strategic Innovation Fund to support its growth initiatives. Giatec Scientific Inc.
specializes in innovative Wireless Concrete Sensors, aimed at enhancing the efficiency and effectiveness of concrete testing in construction projects. Their core offerings include the SmartRock® series, which provides temperature and strength monitoring, and the SmartMix™ AI-based mix optimization software. These products utilize advanced Internet of Things (IoT) technology to collect real-time data on concrete conditions and strength, facilitating informed decision-making for construction professionals. The company serves a diverse clientele, including concrete producers, contractors, and construction firms across various geographical markets, such as North America, Europe, and Asia.
Giatec Scientific Inc. operates through a business model that primarily focuses on B2B transactions, supplying advanced technology solutions to the concrete and construction sectors. Their revenue streams stem from direct sales of products such as the SmartRock® Pro, a self-calibrating concrete strength sensor, along with software solutions like Giatec 360™ and MixPilot™. Clients engage in structured transaction agreements, which may include one-time purchases or subscription-based services for ongoing support and software updates, targeting both small-scale contractors and large construction firms.
In October 2024, Giatec Scientific Inc. raised CAD 17. 5 mn in grant funding from the Strategic Innovation Fund, which will be utilized to support the development of its product offerings. The company plans to introduce new products designed to further enhance concrete testing capabilities, targeting expansion into international markets such as Europe and Asia by 2025.
Current Investors
Mistral Venture Partners, Sustainable Development Technology Canada, BDC Capital
Primary Industry
Software
Sub Industries
Analytics & Performance Software
Website
www.giatecscientific.com
Verticals
Artificial Intelligence, Big Data, IoT (Internet of Things), Mobile Apps
Company Stage
Angel & Seed
Total Amount Raised
Subscriber access only
Giatec Scientific Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Grant | Completed | Giatec Scientific Inc. | - | ||||||||
| Unspecified Round | Completed | Giatec Scientific Inc. | - | ||||||||
| Unspecified Round | Completed | Giatec Scientific Inc. | - | ||||||||
| Grant | Completed | Giatec Scientific Inc. | - | ||||||||
| Seed | Completed | Giatec Scientific Inc. | - |
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Giatec Scientific Inc. - employee data
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