Garmin
Partners & Customers
10About Garmin
Garmin (NASDAQ: GRMN) develops and sells navigation, communication, and information devices. It offers a range of products such as smartwatches, handheld global positioning systems (GPS), satellite communicators, and more. It was founded in 1989 and is based in Olathe, Kansas.
Want to inform investors similar to Garmin about your company?
Submit your Analyst Briefing to get in front of investors, customers, and partners on CB Insights’ platform.
Research containing Garmin
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Garmin in 3 CB Insights research briefs, most recently on Nov 11, 2022.
Nov 11, 2022 report
How tech is making women’s healthcare more equitable and accessible
Latest Garmin News
Sep 23, 2023
USA - English Share this article Share toX SHENZHEN, China, Sept. 23, 2023 /PRNewswire/ -- Mibro, the renowned smartwatch brand from Zhenshi Technology, a member of the Xiaomi ecological chain, has launched two new upgraded smartwatches -- Mibro T2, a lifestyle smartwatch to help people achieve the balance of life, work, and wellness; Mibro GS pro, a premium multisport GPS smartwatch designed for athletes and adventurers to perform at their best. Left: Mibro Watch T2; Right: Mibro Watch GS Pro The two smartwatches offer dual-strap options: the T2 has leather and silicone while the GS Pro has enhanced elastic silicone and woven. With REM tracking and a 4PD matrix heart rate sensor, these watches offer enhanced health and sleep monitoring, yielding more precise data. The T2's professional 6-Axis motion sensors and the GS Pro's professional 9-Axis motion sensors improve the precision of activity tracking. Both watches have an altitude barometer, making them good hiking and climbing companions. The T2's battery life in Daily mode can last up to 10 days, and the GS Pro's 20-day battery life significantly reduces the frequency of charging. These watches are highly waterproof, support global GPS satellite positioning, and high-resolution AMOLED displays. They enable Bluetooth calling, allowing users to answer calls directly from their watches, whether they're busy working or working out. The T2 combines a precision steel digital watch crown with a curved screen, exuding a high-end aesthetic. The GS Pro elevates this with 316L stainless steel, mirroring the quality of traditional high-end timepieces. The new watches also feature over 100 specialized sport modes for enhanced user exploration. As the excellent choices for anyone looking for a high-quality, feature-rich smartwatch that combines style and performance, the Mibro T2 and Mibro GS pro will be available in October for purchase through selected retailers worldwide. Founded in 2015, Zhenshi Information Technology (Shanghai) Co.,Ltd., has created two renowned brands, Xunkids and Mibro. With over 200 top R&D engineers focused on the most advanced technology development on smart wearable devices, Zhenshi is proudly serving over 30 million customers across more than 150 countries worldwide. In 2022, Mibro achieved a 500% sales growth compared to 2021. Mibro's impressive sales achievements also include being featured Thailand Shopee Birthday Sale's best-selling wearables brands along with Amazfit, Huawei, and Garmin on the 12th December, 2022. For more information, please visit https://www.mibrofit.com/ , or follow them on Facebook and Instagram . For business inquiries, please contact: [email protected] .
Garmin Acquisitions
23 Acquisitions
Garmin acquired 23 companies. Their latest acquisition was JL Audio on August 07, 2023.
Date | Investment Stage | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Total Funding | Note | Sources |
|---|---|---|---|---|---|---|
8/7/2023 | Acquired | 2 | ||||
1/3/2022 | Seed / Angel | $1.31M | Acquired | 9 | ||
5/25/2021 | Acquired | 8 | ||||
1/6/2021 | ||||||
6/30/2020 | Other |
Date | 8/7/2023 | 1/3/2022 | 5/25/2021 | 1/6/2021 | 6/30/2020 |
|---|---|---|---|---|---|
Investment Stage | Seed / Angel | Other | |||
Companies | |||||
Valuation | |||||
Total Funding | $1.31M | ||||
Note | Acquired | Acquired | Acquired | ||
Sources | 2 | 9 | 8 |
Garmin Partners & Customers
10 Partners and customers
Garmin has 10 strategic partners and customers. Garmin recently partnered with U.S. Space Force on August 8, 2023.
Date | Type | Business Partner | Country | News Snippet | Sources |
|---|---|---|---|---|---|
8/28/2023 | Client | United States | US Space Force opts for Garmin fitness tracking The partnership between Garmin and the US Space Force marks an important step in the evolution of fitness assessment within the military . | 1 | |
8/28/2023 | Client | United States | Google in collaboration with Garmin Since Garmin has already developed an entire ecosystem of communication products via satellite , the idea of a collaboration could be that Google joins Garmin 's technology to offer emergency texting via Google . | 1 | |
7/12/2023 | Client | United States | Sportsman Boats selects Garmin as exclusive marine audio supplier `` With a full suite of Garmin Ltd. marine electronics already onboard Sportsman Boats , the addition of Fusion audio entertainment products will bring a new level of sound quality and seamless integration to Sportsman Boats 's customers . | 2 | |
1/5/2023 | Vendor | ||||
1/4/2023 | Licensor |
Date | 8/28/2023 | 8/28/2023 | 7/12/2023 | 1/5/2023 | 1/4/2023 |
|---|---|---|---|---|---|
Type | Client | Client | Client | Vendor | Licensor |
Business Partner | |||||
Country | United States | United States | United States | ||
News Snippet | US Space Force opts for Garmin fitness tracking The partnership between Garmin and the US Space Force marks an important step in the evolution of fitness assessment within the military . | Google in collaboration with Garmin Since Garmin has already developed an entire ecosystem of communication products via satellite , the idea of a collaboration could be that Google joins Garmin 's technology to offer emergency texting via Google . | Sportsman Boats selects Garmin as exclusive marine audio supplier `` With a full suite of Garmin Ltd. marine electronics already onboard Sportsman Boats , the addition of Fusion audio entertainment products will bring a new level of sound quality and seamless integration to Sportsman Boats 's customers . | ||
Sources | 1 | 1 | 2 |
Garmin Team
3 Team Members
Garmin has 3 team members, including former Controller, Ryan Shreve.
Name | Work History | Title | Status |
|---|---|---|---|
Ryan Shreve | Controller | Former | |
Name | Ryan Shreve | ||
|---|---|---|---|
Work History | |||
Title | Controller | ||
Status | Former |
Compare Garmin to Competitors
STAT Health is a digital health company. It offers in-ear wearable that measures blood flow to the head to understand symptoms such as dizziness, brain fog, headaches, fainting, and fatigue that can occur upon standing. In addition to the optical sensors, the device incorporates an accelerometer, a pressure sensor, temperature sensors, AI edge computing, and a micro solar panel. The company was formerly known as Pre Health. It was founded in 2020 and is based in Boston, Massachusetts.
Controlant offers solutions for supply chain monitoring. The Controlant centralized wireless sensor network provides a way to monitor assets and the environment. The system has a single infrastructure - whether it is used for local, cold chain, or vehicle monitoring. It was founded in 2007 and is based in Kópavogi, Iceland
NYX Technologies has developed a wearable device to help users improve their sleep and reduce stress. The device is a wearable brain-tech headset that stimulates and monitors the user's brain activity.
Empatica develops artificial (AI) systems to monitor human health through wearable sensors. Its platform offers solutions such as forecasting, monitoring, and treatment of medical conditions. It designs and builds wearable devices with clinical-quality sensing capabilities, targeting the neurological disease space with a focus on epilepsy. The company was formerly known as Physiio International. It was founded in 2011 and is based in Cambridge, Massachusetts.
WHOOP operates as a fitness and wellness service provider. It provides a personalized digital fitness and health coach enabling users to track daily activities, calibrate data over time, and monitor recovery, sleep, training, and health. WHOOP was formerly known as Bobo Analytics. It was founded in 2012 and is based in Boston, Massachusetts.
JOIN offers a solution for creating, distributing, and monetizing web stories. Its platform allows users to create web stories from pre-designed templates, publish them automatically and also measure analytics for visitors, session times, completion, and conversion rates. The company was founded in 2018 and is based in Paris, France.
Discover the right solution for your team
The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution.
