Valuation
$1.6M
2021 Revenue
$546K
Funding
$0
Team
17
Founded
2011
How Simitu CEO Martin Elsborg grew Simitu to $546K revenue with a 17 person team in 2021.
WeCloud offers cloud based IT security solutions.
Last updated
Simitu Revenue
In 2021, Simitu's revenue reached $546K. Since its launch in 2011, Simitu has shown consistent revenue growth.
| Year | Milestone |
|---|---|
| 2021 | Simitu Hit $546k revenue in April 2021 |
| 2011 | Launched with $0 revenue |
Simitu Valuation, Funding Rounds
Simitu's most recent disclosed valuation is $1.6M.
Simitu is a bootstrapped Cloud Management Platforms startup. Founded in 2011, Simitu has grown to $546K in revenue without raising any venture capital or outside funding.
As a self-funded Cloud Management Platforms SaaS company, Simitu has built its business with no outside investment.
| Year | Round | Amount | Valuation | % Sold |
|---|
Simitu Employees & Team Size
Simitu employs approximately 17 people as of 2026.
Simitu has 17 total employees in different roles and functions.
| Year | Milestone |
|---|---|
| 2021 | Reached 17 employees (April 2021) |
Founder / CEO
Martin Elsborg
Martin Elsborg is listed as Founder / CEO at Simitu.
Q&A
| Question | Answer |
|---|---|
| What's your age? | - |
| Favorite online tool? | - |
| Favorite book? | - |
| Favorite CEO? | - |
| Advice for 20 year old self | - |
Customers
We do not have customer count information for Simitu yet.
Frequently Asked Questions about Simitu
What is Simitu's revenue?
Simitu generates $546K in revenue.
Who founded Simitu?
Simitu was founded by Martin Elsborg.
Who is the CEO of Simitu?
The CEO of Simitu is Martin Elsborg.
How much funding does Simitu have?
Simitu raised $0.
How many employees does Simitu have?
Simitu has 17 employees.
Where is Simitu headquarters?
Simitu is headquartered in Malmoe, Denmark.
People Also Viewed
DoxyChain
Next-generation blockchain document management system (DMS)
MightyScout
MightyScout helps marketers effortlessly run influencer marketing campaigns with a suite of campaign management, influencer tracking, influencer relationship management, and analytics & reporting tools.
Webproof
The company primarily operates in the Software industry. Webproof is headquartered in Miami, FL.
RTB-Media
RTB-Media is a cross-channel trading desk and reporting platform for brands and agencies.
OpsVantage Digital
X-CITE S.A.
We merged the IoT & AI SYSTEM ENABLER and DESIGN HOUSE view, creating a unique positioning to enable private and public clients ’cross industries to deploy IoT, AI & 5G solutions in a reliable way, “Out of the Box”. Regrouping multiple expertise – IoT, Cloud technologies, Mass data, AI, ML, Security, NG telco networks incl. 5G & xPON, automatization - our offer is unique! From idea generation, over fast prototypes, POCs’, followed by large implementations using X-BRAiN as a Connectivity, Mass-data and AI Accelerator incl. NEF-SCEF 5G integration. X-CITE is official Google Cloud partner. Our aim is to build a library of +200 AI & 5G use cases covering the most essential verticals, allowing our multi-disciplinary teams together with customers to rapidly formulate ideas or use-cases and implement them in X-BRAiN with low TTM. X-BRAiN uses ML and AI algorithms to address IoT and its associated problems, all available in a subscription model. Our Foundational Technology Platform is blockchain enabled. Learn more on www.x-brain.io Our offer includes a growing Edge hardware portfolio integr. with X-BRAiN and available in subscription model. It includes a world first advanced 5G Google Coral Module which can be mounted straight on devices including Drones; modular 4G LTE Cat. M1/Cat. NB2/EGPRS & GNSS high-speed Tracker and environmental Sensor, NB1/NB2 and M1 cellular LPWAN vehicle and health tracker. We are accelerating our move to a Digital Business Platform model and open-up X-BRAiN to developers that can make more of the data, assets, and services available – Become part of our “Firestarters” developer community. We design and build your future IoT, AI, 5G and circular economy strategy and products. X-CITE is headquartered in Luxembourg, with offices in Munich and Belgrade and strong links to UK.
Compare Simitu to the industry
Simitu operates across multiple industries. Browse revenue, funding, and growth data for Simitu in each sector below.
Source Attribution
Source: all data was collected from GetLatka company research and founder interviews. Revenue, funding, team, and customer figures are presented as company-reported or GetLatka-estimated metrics where the profile data identifies them that way.
Company data last updated .