AVESTEC Revenue

Automation Machinery Manufacturing • Burnaby, British Columbia, Canada • 11-20 Employees

AVESTEC revenue & valuation

Annual revenue	$1,625,545
Revenue per employee	$86,000
Estimated valuation?This valuation is estimated based on industry average for the Automation Machinery Manufacturing industry and current estimated revenues	$5,300,000
Total funding	$4,000,000

Key Contact at AVESTEC

Reza Tavakoli

Ceo

Company overview

Headquarters	4268 Lozells Ave, Burnaby, British Columbia V5A 0C6, CA
Phone number	+18888425151
Website	avestec.com
SIC	382
Keywords	Robotics, Non-Destructive Testing (Ndt), Visual Inspections, Drone Inspection, Drone Flare Inspection, Flying Robot, Industrial Asset Inspection, Ultrasonic Thickness Measurements
Founded	2016
Employees	11-20
Socials

AVESTEC Email Formats

AVESTEC uses 2 email formats. The most common is {first name} (e.g., john@avestec.com), used 66.7% of the time.

Format	Example	Percentage
{first name}	john@avestec.com	66.7%
{first initial}	j@avestec.com	33.3%

About AVESTEC

Avestec Technologies Inc. offers intelligent robotic solutions in remote non-destructive testing (NDT) for industrial asset owners and partner inspection service providers. Its flagship innovations include Skyron, a tethered, intelligent flying robot that performs both visual inspections and ultrasonic thickness measurements in elevated and confined spaces, and Avesoft™, a proprietary cloud-based reporting software that utilizes artificial intelligence to analyze data and generate reports. Applicable to industries such as oil & gas, nuclear, petrochemical, wind power, marine, and construction, the result is a safe, quick, and cost effective alternative to traditional inspection methods that require scaffolding or rope access.

Employees by Management Level

Total employees: 11-20

Seniority

Employees

Entry

Manager

C-Suite

Employees by Department

AVESTEC has 16 employees across 5 departments.

Departments

Number of employees

Funding Data

Explore AVESTEC's funding history, including investment rounds, total capital raised, and key backers.

Funding Date	Round	Amount	Link to Article
2023-05-20	9	$4,000,000

Funding Insights

$4,000,000

Total funding amount

$4,000,000

Most recent funding amount

Number of funding rounds

Frequently asked questions

AVESTEC is located in Burnaby, British Columbia, CA.

You can reach AVESTEC at +18888425151.

AVESTEC generates an estimated annual revenue of $1,625,545. This revenue figure reflects the company's market position and business performance in its industry.

AVESTEC has an estimated valuation of $5,300,000. This valuation is calculated based on industry-standard revenue multiples and reflects the company's growth potential and market positioning.

AVESTEC was founded in 2016, making it 10 years old. The company has established itself as a significant player in its industry over this time.

AVESTEC has approximately 11-20 employees. The company continues to grow its workforce to support its business operations and expansion.

AVESTEC has raised a total of $4,000,000 across 1 funding rounds. This investment has helped the company grow and expand its operations.

Key Contact at AVESTEC

Reza Tavakoli

Ceo

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