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2023 Revenue

$13M

Funding

$0

Team

82

Founded

2018

How Adastec Corp. CEO Ali Ufuk Peker grew to $13M revenue with a 82 person team in 2023.

ADASTEC's SAE Level-4 Automated Driving Software Platform paves the way for Original Equipment Manufacturers (OEMs) to pioneer in the development of modern, automated, shared, and connected commercial vehicles. Our mission is to create a cleaner, more modern, and socially inclusive transportation platform that is available 24/7. Our goals include enhancing safety, reducing congestion, and fostering significant economic benefits for businesses and communities alike. We are dedicated to forging a safer, more efficient, and environmentally sustainable future.

**About ADASTEC:** ADASTEC specializes in delivering the SAE Level-4 Automated Driving Software Platform, specifically designed for commercial vehicles. This empowers OEMs to craft state-of-the-art, automated, shared, and connected commercial vehicles. Our platform, known as flowride.ai, is leading the charge in innovation, with integrated buses already operational on public roads across five countries in Europe & North America.

Flowride.ai is engineered at the forefront of technology, incorporating a diverse array of high-precision sensors from the global market, and is fully compliant with the stringent safety standards and regulations in place. With a robust technology and operational framework in the United States, alongside R&D and EU Operations based in Turkey, ADASTEC is set to revolutionize the transportation industry on a global scale.

For further details about our groundbreaking work and vision for the future of transportation, please visit our website: [www.adastec.com](http://www.adastec.com).

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Adastec Corp. Revenue

In 2023, Adastec Corp.'s revenue reached $13M. Since its launch in 2018, Adastec Corp. has shown consistent revenue growth.

Adastec Corp. Revenue GrowthReported revenue / ARR over time$0$3M$6M$9M$12M$15M201820192020202120222023$0$13MSource: GetLatka.com
YearMilestoneQuote
2023Adastec Corp. Hit $13m revenue in December 2023
2018Launched with $0 revenue

Adastec Corp. Valuation, Funding Rounds

Adastec Corp. is a bootstrapped Other IoT Software startup. Founded in 2018, Adastec Corp. has grown to $13M in revenue without raising any venture capital or outside funding.

As a self-funded Other IoT Software SaaS company, Adastec Corp. has built its business with no outside investment.

Adastec Corp. Capital Raised & ValuationCumulative capital raised and post-money valuation by roundCapital raised (cum.)Valuation$0$0$0.2$0.2$0.4$0.4$0.6$0.6$0.8$0.8$1$12018Source: GetLatka.com
YearRoundAmountValuation% SoldQuote

Founder / CEO

Ali Ufuk Peker

Ali Ufuk Peker is listed as Founder / CEO at Adastec Corp..

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Customers

We do not have customer count information for Adastec Corp. yet.

Adastec Corp. Employees & Team Size

Adastec Corp. employs approximately 82 people as of 2026, up from 46 in 2022.

Adastec Corp. Team GrowthReported headcount over time0204060801002018201920202021202220230046468282Source: GetLatka.com
YearMilestone
2023Reached 82 employees (December 2023)
2022Reached 46 employees (December 2022)

Frequently Asked Questions about Adastec Corp.

What is Adastec Corp.'s revenue?

Adastec Corp. generates $13M in revenue.

Who founded Adastec Corp.?

Adastec Corp. was founded by Ali Ufuk Peker.

Who is the CEO of Adastec Corp.?

The CEO of Adastec Corp. is Ali Ufuk Peker.

How much funding does Adastec Corp. have?

Adastec Corp. raised $0.

How many employees does Adastec Corp. have?

Adastec Corp. has 82 employees.

Where is Adastec Corp. headquarters?

Adastec Corp. is headquartered in San Francisco, California, United States.

Compare Adastec Corp. to the industry

Adastec Corp. operates across multiple industries. Browse revenue, funding, and growth data for Adastec Corp. in each sector below.

Data and Sources

All figures on this page are taken directly from interviews or are estimates from public sources and proprietary models. Not financial advice. Read full disclaimer.

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Adastec Corp. Revenue 2023: $13M ARR (Bootstrapped)