Eventech

What Eventech does

Eventech Ltd. is a Latvian deep-tech hardware company founded in 2011 as a spin-off from the Institute of Electronics and Computer Science (IECS) in Riga, specializing in picosecond-precision time tagging and event timing instrumentation. The company operates with a 6-person team (3 management + 3 R&D) and builds proprietary Time-to-Digital Conversion (TDC) systems descended from 40+ years of research by Prof. Yuri Artyukh. Its product portfolio includes the flagship ESTT 7 Series time tagger (1.5 ps single-shot RMS precision, 25 MEPS throughput), space-qualified modules (Space Ready Timing Module for ESA's HERA Mission, MPET, LSTM), the legacy A033-ET "Riga Timer," the ETTG-100 test pulse generator, the ETSC server console, and the Event Timer Daemon Linux software. Over 50% of all Satellite Laser Ranging (SLR) stations worldwide are equipped with Eventech equipment, and the company has been recommended by NASA ILRS for timing devices in satellite laser ranging networks.

The company monetizes through three primary revenue streams: (1) hardware sales of its custom timing instruments with optional modifications for specific user requirements, (2) ESA-funded R&D contracts for developing specialized timing modules for space missions (HERA, MPET, SPATILIDAS, HPE-GSM), and (3) on-demand engineering services solving precision timing challenges for clients worldwide. Technical support and documentation constitute a secondary recurring revenue stream. Pricing is not publicly disclosed and is negotiated directly through a sales-led motion managed by the COO and Business Development Manager.

Eventech serves three primary customer segments: satellite laser ranging stations (its dominant installed base), space agencies and mission prime contractors (ESA, NASA, OHB, Efacec), and downstream users including LiDAR system operators, quantum technology researchers, and scientific research institutions. The company pursues a sales-led go-to-market through direct engagement, conference participation (ESA Industry Space Days, ILRS Workshop, European Lidar Conference, International Astronautical Congress), and institutional partnerships (Riga Technical University, IECS, University of Warsaw). Geographic reach is global, with active customer relationships across Latvia, the UK, Italy, Portugal, Austria, Germany, and the United States.

Name

Eventech

Legal name

Eventech Ltd.

Website

https://eventechsite.com

Company type

Private

Founded year

2011

Operating status

Operating

Headcount range

1–10 employees

Short description

Eventech is a Latvian deep-tech company that designs and manufactures picosecond-precision time tagging instruments and space-qualified timing modules, serving satellite laser ranging stations, space agencies, and scientific research institutions worldwide.

Ownership category

akta.pro rank

Product category

Precision Timing Instruments

NAICS

Guided Missile and Space Vehicle Manufacturing (336414), Other Guided Missile and Space Vehicle Parts and Auxiliary Equipment Manufacturing (336419)

SIC

Guided Missiles & Space Vehicles & Parts (3760), Instruments For Meas & Testing Of Electricity & Elec Signals (3825)

akta.pro primary industry

Spacecraft Avionics, Flight Computers & Software (IMABACAI)

akta.pro secondary industries

Space Payloads & Instruments (Sensors, Comms, EO/IR) (IMABACAD), Grandmaster Clocks (PTP IEEE 1588) (HDAFAKAB), Oscillators & Frequency Standards (OCXO/Rubidium/Cesium/Chip-Scale Atomic) (HDAFAKAG)

Keywords

• Picosecond time tagging
• Satellite laser ranging
• Space timing modules
• Lidar timing systems
• Time-to-digital conversion

Headquarters

HQ city

Riga

HQ country

Latvia

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Hardware Sales: Sale of time tagging and timing hardware products including ESTT 7 Series, A033-ET Event Timer, LSTM Space Timing Module, and related accessories. Products are custom-made instruments with modifications for specific user requirements possible.
2. ESA Project Contracts: European Space Agency funded R&D contracts for developing specialized timing modules for space applications including HERA mission, MPET, SPATILIDAS, and other space technology projects.
3. On-Demand Engineering Services: Custom engineering services solving technological challenges and creating new market applications for clients worldwide.
4. Technical Support & Documentation: Provision of datasheets, manuals, software updates, and technical support for existing products.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels6 records

Core offering

Eventech develops and manufactures proprietary picosecond-precision time tagging and timing hardware for satellite laser ranging, space missions, atmospheric LiDAR, and scientific research. Its portfolio includes the ESTT 7 Series terrestrial time tagger (1.5 ps precision), space-qualified timing modules (Space Ready Timing Module, MPET, LSTM), and supporting instruments such as the ETTG-100 pulse generator and Event Timer Daemon software.

Product overview

Eventech develops and manufactures proprietary picosecond-precision time tagging and timing products. The core portfolio includes the ESTT 7 Series (flagship terrestrial time tagger with 1.5 ps precision) and specialized space products (Space Ready Timing Module for Hera Mission, MPET, LSTM). Legacy products include the A033-ET Event Timer series. The product line spans time taggers, specialized timing modules for LiDAR/altimetry, test equipment (ETTG-100 pulse generator), server accessories (ETSC), and software (Event Timer Daemon). All products serve satellite laser ranging, space missions, atmospheric LiDAR, and scientific measurement applications.

Differentiator

Problem solved

Functional benefit

Products and services

• Eventech Stream Time Tagger ESTT 7 Series New generation terrestrial time tagging device with 1.5 ps single-shot RMS precision, Full Recording Option for real-time data streaming, 25 Mevent/s continuous event rate, and USB 3.0 interface. Available for orders as the successor to the A033-ET/Riga Timer.
• Eventech Space Ready Timing Module Space-qualified timing module developed for the ESA Hera Mission's Planetary Altimeter (PALT) instrument, designed for extreme precision in planetary defence and asteroid research.
• Multi-Purpose Event Timer (MPET) Space-qualified event timer for space applications with <10-12 ps RMS resolution, RS-422 or Spacewire interface, designed for radiation hardening, wide temperature range (-40°C to +60°C), up to 100 Krad radiation tolerance.
• LIDAR Specialized Timing Module (LSTM) Specialized timing module for LiDAR and altimetry systems with <10 ps RMS precision, minimum 60 ns measurable time interval, designed for space environments with parametric stabilization.
• Event Timing Server Console (ETSC) Embedded server system providing TCP/IP interface to Event Timer A033-ET devices, based on Raspberry Pi 2 Model B, with 160,000 time-tags per second average measurement rate.
• Test Pulse Generator ETTG-100 High-precision test pulse generator with picosecond jitter (<1.5 ps for periods 20 ns to 100 µs), supporting period generation, time interval generation, and multistop modes.
• Event Timer Daemon (ETD) Linux-based replacement for ET Server software providing TCP/IP communication protocol, supports A032-ET and A033-ET event timers, with real-time capability for SLR systems.
• Mini Time Tagger Compact four-channel time tagging system with USB 3.x interface, <30 ps RMS precision specification, programmable input gating, configurable SSP and dead time settings. R&D project targeting laboratory, industrial, and field measurements.
• Event Timer A033-ET (Riga Timer) Third generation event timer with precision better than 5 picoseconds, measurement rate up to 20 MSPS. Legacy product replaced by ESTT 7 Series.
• Event Timer A033-ET/USB USB interface version of A033-ET with improved calibration, USB2 interface for up to 1.3 M events per second continuous measurement rate.
• On-Demand Engineering Services Custom engineering services that solve technological challenges and create new market applications for clients worldwide.

Quantifiable outcome

• >50% of global SLR stations equipped with Eventech equipment
• +3 more outcomes

Named customers6 records

Segments5 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Ten partnerships are on record, tiered core and minor.

• European Space Agency (ESA)coreStrategic or Co-development Partner · 1 May 2020Multiple ESA contracts including LSTM (LIDAR and Altimetry Specialized Timing Module) for HERA mission PALT instrument, SPATILIDAS project, and HPE-GSM optical communication project. Eventech serves as both prime contractor and subcontractor in various ESA initiatives.
• Institute of Electronics and Computer Science (IECS)coreStrategic or Co-development PartnerEventech originated as a spin-off from IECS in 2011. Continued collaboration on R&D activities, with IECS supporting ESA projects including MPET development. Strong cooperative relationship for technology development.
• Czech Space Research Centre (CSRC)minorStrategic or Co-development PartnerPartner in ESA MPET (Multi-Purpose Event Timer) project starting February 2016. CSRC (now BD Sensors) contributed expertise to space-qualified timer development.
• EfaceccoreStrategic or Co-development PartnerPortuguese company as main contractor for HERA mission PALT (Planetary Altimeter) project. Eventech developed Space Timing Module for the altimeter instrument as subcontractor to Efacec.
• Politecnico di Bari (IT)minorStrategic or Co-development PartnerPartner in SPATILIDAS project together with The Paradigm Factor and Eventech as prime contractor. Collaboration for space LiDAR and autocorrelation sensor evaluation.
• The Paradigm Factor (UK)minorStrategic or Co-development PartnerUK partner in SPATILIDAS project and Correlation Wind LiDAR development. Published joint article on CWL LiDAR technique with DSP processing.
• Riga Technical University (RTU)coreStrategic or Co-development PartnerCollaboration on joint seminars about precise timing technology and applications. RTU established 'Space electronics and signal processing laboratory' in partnership with Eventech. Joint presentations and research collaboration.
• University of Warsaw (Institute of Geophysics)minorStrategic or Co-development PartnerCollaboration within ACTRIS/TNA call for LiDAR signal registration device (EPC) prototype development. Joint presentation at ELC2025 conference by Mateusz Winkowski.
• Commercialization ReactorminorStrategic or Co-development PartnerStartup incubator where Eventech originated. Organizer of Deep Tech Atelier conference where Eventech presented. Adam Adamovitch involved as main organizer of deep-tech events.
• Harvard Business SchoolminorOthersCEO Nikolai Adamovitch completed Owner-President Management program (OPM28) at Harvard Business School.

Scale indicators4 records

Recent moves7 records

Expansion highlights5 records

Broad incumbents

• Microchip Technology (Microsemi): Through the former Microsemi timing division, Microchip supplies space-grade timing, frequency, and synchronization products. Competes in adjacent space-grade timing and atomic clock categories with much broader portfolio.
• Oscilloquartz (ADVA): Supplier of cesium and rubidium atomic clocks and grandmaster PTP devices for telecom and infrastructure. Comparable in atomic-clock and PTP timing domains serving adjacent precision markets.
• Safran Trusted 4D (formerly Orolia): Vendor of resilient PNT solutions including high-precision atomic clocks (Rb, Cs) and timing modules for space, defense, and critical infrastructure. Comparable in space-grade timing systems with a much larger installed base.
• Meinberg Funkuhren: German manufacturer of PTP/NTP time servers, grandmaster clocks, and synchronization solutions for telecom, power, and space applications. Comparable in time synchronization and SLR network markets but with a broader portfolio.

Emerging players

• Jackson Labs Technologies: Specialist in GPS-disciplined oscillators, time and frequency reference equipment, and space-grade timing solutions. Comparable niche focus on precision timing for space and defense applications.

Direct peers

• ID Quantique: Swiss vendor of single-photon detectors and quantum timing systems. Comparable on picosecond timing-class products, with overlap in quantum communication and research instrumentation end markets.
• Picoquant: German manufacturer of picosecond-precision time-correlated single photon counting and time tagging instrumentation. Directly comparable on resolution class (ps precision) and overlap on single-photon detection and quantum timing use cases.
• Swabian Instruments: Producer of Time Tagger and Pulse Streamer products for high-resolution event timing and synchronization. Closest direct competitor in the time-tagging domain, serving quantum optics, quantum communication, and single-photon detection applications.

Others

• Beyond Gravity (formerly RUAG Space): Major European space equipment supplier of structures, mechanisms, and payload electronics. Adjacent peer for space instrument supply chain and ESA contracting ecosystem rather than direct timing competition.
• OHB System: European space prime contractor and customer of Eventech (Hera mission). Adjacent in ESA ecosystem rather than timing-product competitor, but represents the tier of contractor that Eventech supplies or partners with.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/eventechh

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

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 Eventech