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Situm, among the finalists of South Summit 2018

Situm has been invited to South Summit as one of the 100 best startups in the world

Situm will participate in the next edition of South Summit, to be held in Madrid from October 3–5, where the 100 best startups in the world will meet corporations in active search for innovation and international investors.

In 2015, Situm was chosen as one of the top 5 startups in Digital Solutions for Mass Markets, and since then, relevant investors such as Amadeus IT Group have joined the project. Situm also has the support of investment funds Unirisco and Xesgalicia.

Situm’s indoor positioning technology, based on mobile, offers maximum precision with minimum hardware and deployment time, and has been successfully implemented in thousands of buildings around the world to improve the customer experience in malls, airports and stadiums; facilitate transit and assistance for people with reduced mobility; optimize work procedures in security and cleaning services, and increase productivity through more efficient assets management in industries 4.0.

Situm has a portfolio of clients with companies and organizations referents in its sectors: leading healthcare services providers in Spain and Turkey, the largest GSM mobile phone operator in Thailand, top car factories in Europe and the main global security companies, among many others.

In 2018, Situm has been included in Gartner’s “Magic Quadrant for Indoor Location Services” as one of the top 10 providers of indoor positioning services worldwide

Situm seeks to attract new investors in South Summit to accelerate its expansion plan in the indoor positioning market, where some analysts expect a turnover over 36,000 million dollars in 2022, with a compound annual growth rate (CAGR) over 40.0%.

Abouth South Summit

South Summit is the leading platform for innovation and business development that connects the most disruptive startups with investors and corporations around the world which looking to improve their competitiveness through innovation. South Summit will be held in Madrid, Spain, October 3-5 2018. In its last edition, it hosted more than 450 speakers of recognized international prestige, more than 12,500 attendees, 6,700 entrepreneurs and 650 investors with an investment portfolio that exceeded 34,000 million dollars.

There are many novelties in this 2018 edition, among which the Open Innovation Forum stands out, an exclusive meeting that will bring together leaders in open innovation in the world to promote open innovation culture among corporations, learn from the most disruptive strategies and discuss some of the challenges of the future.

In addition, South Summit will host this year the first edition of enlightED, a meeting organized by Fundación Telefónica, IE University and South Summit that will bring a transversal and participatory approach to business leaders, academics, innovators, students and futurists in a debate on new learning opportunities and development of the EdTech world. In South Summit the enligthED Awards will be also given to the best startups in education.

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