Launch story · SmartWitness
IoT platform launch results in a $200M exit.
Summary
Smart early-stage partnership with Modularis
In 2015, SmartWitness was a small startup with the ambition and brains to design and create telematic IoT devices for fleet management. The first goal was to create a foundation that connects rich-data devices and allow partners to easily access and digest the data.
Building a video telematics and an IoT platform together
Together, SmartWitness and Modularis needed to connect video, audio, and telematics data for vehicle fleets around the world. To build the platform, the architecture required an evolution from point-to-point to dynamic multi-directional data flows… and that required true partnership and flexibility.
What Modularis does best is create a platform that’s incredibly expandable and easy to add on.
Nick Mirchef
President, SmartWitness
A successful launch… in under 6 months
Early delivery of a reliable core platform allowed SmartWitness to start testing and scaling quickly. They spent resources capitalizing on opportunities, not scrambling to solve daily support for a shaky MVP.
5 years of partnership → 500x growth
The system scaled elastically without re-architecting… Modularis and SmartWitness evolved to a relationship of shared development and even contributing code back. The product grew from prototype to a million-device scale.
Instead of training and losing developers, we focused our people on creating new value.
President, SmartWitness
A successful $200M exit
The modular, scalable platform and strong partnership positioned SmartWitness for a high-value acquisition. The infrastructure, reliability, and speed-to-market advantages created by Modularis’ platform were essential to this success.
Modularis has been a terrific strategic partner for us.They have the leadership, experience, discipline, and technology we needed to build and grow our global IoT platform.
President, SmartWitness
Unmatched value
Value isn’t determined by what software can do, but by how well it does it.
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IoT platform,
$200M exit
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