Cradlepoint builds networking solutions that deliver consistent internet connectivity over cellular networks, offering fixed wireless access and failover when wired broadband is limited. Its platform handles network management and security as a cloud service. The company’s products are used in branch offices, vehicles (for example police cars and school buses), and machine-to-machine IoT scenarios such as factory sensors. Cradlepoint has around 500 employees, is headquartered in Boise, Idaho, and serves roughly 15,000 customers. Management says it plans to expand internationally and invest in research to enhance 4G/LTE coverage while preparing for 5G. The firm has raised over $157 million in total to date. Cradlepoint builds cloud-managed 4G/LTE wireless networking and security solutions for distributed and mobile enterprises, delivered and managed via its Enterprise Cloud Manager (ECM) platform. The company’s products support business continuity, application-specific or parallel networks, transportation, and M2M/IoT deployments. Cradlepoint reports over 1,000,000 successful deployments with well-known enterprise customers. Management says the business has experienced strong momentum, quadrupling its revenue over the past three years. The company plans to use new capital to accelerate international expansion and further develop its cloud-managed WWAN and security offerings. Cradlepoint is a privately held company based in Boise, Idaho. CradlePoint Technology, based in Boise, Idaho, engineers and manufactures cellular routers and software platforms that facilitate secure mobile computing over 3G and 4G mobile broadband networks. Led by CEO Pat Sewall, the company has developed the WiPipe™ technology to provide access and traffic management to improve the security and quality of the online mobile experience. CradlePoint closed a $7.5m Series B venture funding round to accelerate its growth. The company intends to use the funds to accelerate deployment of its 4G/3G routers and services into enterprise retail and branch locations. In conjunction with the financing, Gerry Langeler, Managing Director of OVP Venture Partners, joined CradlePoint’s board.

Total raised

$145M

Funding rounds

3

Latest round

Series C

Latest activity

Mar 2017