What Azitek does

Azitek is a deep-tech company, founded in 2019 and headquartered at UPTEC in Porto, Portugal, that develops proprietary Real-Time Location System (RTLS) technology for industrial and logistics asset tracking. The company operates two complementary technology platforms: a High Accuracy tracking system using beacons and gateways for sub-meter indoor localization of material handling equipment, and a Long Range tracking system supporting detection up to 200 meters with up to six-year battery life for large-scale outdoor or yard deployments. A metal-resilient protocol, cloud-based software dashboard, and REST API integration with ERP, MES, and WMS systems round out the platform. Azitek monetizes through a combination of one-time IoT hardware sales (tags, beacons, gateways) and recurring software subscriptions, sold via quote-based multi-year enterprise contracts to manufacturing, logistics, and material handling operators across Europe and the US.

The company has secured a €750,000 seed round (June 2024) led by Beta Capital with Portugal Ventures and Cedrus Capital, and reports deployments across 10 countries with over 9 million asset movements tracked. Named enterprise engagements include a significant project with Ford Motor Company in Europe. Distribution is direct enterprise field sales supplemented by content marketing around the EU Packaging and Packaging Waste Regulation (EU 2025/40), for which Azitek has launched a dedicated PPWR-Ready compliance solution. R&D activity is partially co-financed through Portugal's Compete 2030 program (IoT-CHIMERA, STREAM projects) and the regional Norte 2020 program. Co-founders José Valente and Rui Gomes lead a team of 1-10 employees.

Name

Azitek

Legal name

Azitek

Website

https://azitek.io

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

11–50 employees

Short description

Azitek develops proprietary RTLS IoT technology combining high-accuracy indoor positioning and long-range outdoor tracking for industrial and logistics asset tracking, serving manufacturers, logistics operators, and material handling providers across Europe and the US.

Ownership category

akta.pro rank

Product category

Industrial IoT Asset Tracking (RTLS)

NAICS

Telephone Apparatus Manufacturing (334210)

SIC

Industrial Instruments For Measurement, Display, And Control (3823), Services-Computer Integrated Systems Design (7373)

akta.pro primary industry

IoT Sensor-Enabled Asset Monitoring (BLE/UWB/LoRaWAN/NB-IoT; Temp/Shock/Tilt) (TLAEAMAK)

akta.pro secondary industries

Returnable Transport Item (RTI) Pooling & Container Lifecycle Management (TLAEAMAA), Asset Tracking, RTLS & Industrial Visibility (IMAIAMAE), Asset Recovery, Reverse Logistics & Returns Tracking (RTI Retrieval/Exception Mgmt) (TLAEAMAL), Reusable Tote/Crate Tracking & Store/DC Circulation Management (TLAEAMAC)

Keywords

• Real-time location systems
• IoT asset tracking
• Industrial RFID solutions
• Indoor geolocation technology
• RTLS hardware devices

Headquarters

HQ city

Porto

HQ country

Portugal

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Technology or R&D, Supply Chain, Personnel, Operations, Marketing or Sales, Infrastructure

Revenue model

1. IoT Hardware and Software Solutions: Azitek generates revenue through the sale of proprietary IoT hardware (tags, beacons, gateways) combined with cloud-based software platform access. The system supports subscription-based software licensing alongside one-time hardware purchases for enterprise deployments.
2. Hardware Sales: One-time sales of IoT devices including High Accuracy Tags, Beacons, Gateways, Long Range Tags, and Long Range Gateways for industrial asset tracking deployments

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels5 records

Core offering

Azitek develops and sells a proprietary Real-Time Location System (RTLS) built on low-cost RFID technology, providing indoor and outdoor geolocation solutions for industrial environments. Its portfolio includes High Accuracy and Long Range tracking hardware (Tags, Beacons, Gateways) along with a cloud-based analytics platform, delivered as solutions for production/asset tracking, inventory management, material handling equipment monitoring, and PPWR compliance.

Product overview

Azitek is a deep-tech company specializing in proprietary RTLS (Real-Time Location Systems) technology, offering both High Accuracy Tracking and Long Range Tracking solutions. The product portfolio consists of two technology platforms (High Accuracy and Long Range), each comprising hardware components including Tags, Beacons, and Gateways, supported by a cloud-based software dashboard with API integration. Three primary solutions layer on top of these technologies: Production and Asset Tracking (using High Accuracy), Inventory Management (using Long Range), and Material Handling Equipment Monitoring (using High Accuracy). The company also offers PPWR-Ready, a specialized solution for reusable packaging compliance under EU regulations. All solutions integrate with ERP, MES, and WMS enterprise systems via REST API.

Differentiator

Problem solved

Functional benefit

Products and services

• High Accuracy Tracking

Quantifiable outcome

• Up to 6 years battery life for long-range tags
• +4 more outcomes

Named customers2 records

Segments3 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Feature5 records

Partnerships

One partnership is on record.

• UPTECcoreStrategic or Co-development PartnerAzitek was incubated at UPTEC, Porto's leading Science and Technology Park. The company is a deep-tech spin-out from a top technical university, leveraging the innovation ecosystem for R&D and growth.

Scale indicators5 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• Sewio Networks: Czech-based UWB RTLS provider focused on manufacturing and logistics asset tracking. Sewio is a direct competitor to Azitek's high-accuracy shop-floor offering, targeting similar enterprise use cases with comparable hardware-plus-software model.
• Litum: Turkey-headquartered RTLS vendor delivering UWB-based asset and personnel tracking for manufacturing, logistics, and healthcare. Litum directly competes with Azitek on production asset and warehouse tracking use cases.
• Eliko: Estonian UWB RTLS company offering precise indoor positioning for manufacturing, healthcare, and retail applications. Eliko overlaps directly with Azitek's high-accuracy tracking product family.
• Inpixon: US-based RTLS and indoor positioning company offering UWB, BLE, and hybrid tracking for industrial, government, and commercial customers. Inpixon competes with Azitek across both long-range RTI and high-accuracy indoor use cases.
• Quuppa: Finnish BLE-based RTLS provider serving industrial and healthcare customers with sub-meter positioning. Quuppa is a direct competitor in the high-accuracy indoor positioning segment where Azitek's beacons and gateways operate.
• Uwinloc: French UWB RTLS provider focused on industrial asset tracking and geolocation in manufacturing environments. Uwinloc directly competes with Azitek's high-accuracy shop-floor positioning for production assets.
• Kinexon: German-headquartered UWB RTLS company specializing in manufacturing, logistics, and material handling equipment tracking. Kinexon directly competes with Azitek across production asset and MHE use cases in European enterprises.

Emerging players

• BeWhere Holdings: Canadian IoT asset-tracking provider offering low-power cellular and BLE tags for supply chain visibility. BeWhere is an emerging player focused on long-range outdoor tracking that partially overlaps with Azitek's RTI and inventory management use cases.
• Trackonomy Systems: US-based IoT asset intelligence platform delivering connected sensor tags and workflow automation for supply chain operations. Trackonomy is an emerging player addressing similar industrial asset visibility problems with a different technology stack.

Broad incumbents

• Zebra Technologies: Global enterprise asset intelligence and tracking incumbent with MotionWorks RTLS and a broad portfolio of RFID, barcode, and location solutions. Zebra is a broad incumbent serving the same industrial and logistics customers as Azitek but at much greater scale.

Market position

Strengths1 record

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds2 records

Investors3 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Azitek