Evolve Technology

Evolve Technology

Virtual production equipment rental and services

Overview

Evolve Technology delivers end-to-end virtual production services for the media and entertainment industry. It provides a full suite of offerings, including equipment rental, leasing, sales, and training, focused on virtual production technologies. Working with manufacturers like Stype and disguise, Evolve Technology creates integrated workflows that combine hardware, software, and production services to tell visual stories. The company operates on a B2B model, earning revenue from selling and renting equipment and from specialized training and partner support. What sets Evolve Technology apart is its combination of turnkey, partner-backed solutions and hands-on training and support that help studios deploy virtual production pipelines more efficiently. The goal is to help clients adopt and deploy virtual production workflows smoothly by supplying the right gear, expertise, and services.

About Evolve Technology

Simplify's Rating
Why Evolve Technology is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Hardware

Industrial & Manufacturing

Entertainment

Company Size

51-200

Company Stage

IPO

Headquarters

Orlando, Florida

Founded

2013

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Simplify's Take

What believers are saying

  • Q1 2026 revenue rose to $46.3 million from $32.0 million.
  • MidCap provided $75.0 million financing on July 29, 2025.
  • Evolv raised 2026 revenue guidance to $172 million-$178 million after investor day.

What critics are saying

  • January 2025 layoffs cut 41 workers, exposing cost pressure and execution strain.
  • Q1 2026 net loss reached $5.0 million despite $46.3 million revenue.
  • An explosive false-alarm or missed-detection headline could crush renewals within months.

What makes Evolve Technology unique

  • 2026: Evolv combines AI screening, subscription software, and security hardware.
  • Bank of America Stadium uses Evolv for high-throughput fan entry visibility.
  • $299.0 million remaining performance obligations signal sticky customer commitments.

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Funding

Total Funding

$759.3M

Above

Industry Average

Funded Over

0 Rounds

Benefits

Health Insurance

Dental Insurance

Vision Insurance

401(k) Company Match

Unlimited Paid Time Off

Equity as part of your total compensation package

Tuition Reimbursement

Wellness Program

Company News

Barco
Jun 8th, 2023
Evolve Technology celebrates 100th Barco E2 | Barco

A technology-focused sales, rental, leasing and training company, Evolve Technology has partnered with Barco since its inception.

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