Davra Networks develops Internet-of-Things and network-management solutions, drawing on the team behind Crannog Software. The company is headquartered in Dublin’s IFSC, was established in 2011, and maintains a presence in Silicon Valley and London. Davra has partnered with Cisco and closed several US deals as part of its go-to-market activity. The firm plans to extend its network to Germany, Dubai, South America and Australia and will use recent funding to bolster R&D. Employee headcount is set to rise to 26 (up from six a year earlier) with 20 new jobs planned by the end of 2016. Filed accounts for 2014 show a loss of €741,000 and accumulated losses of over €1.7m. Davra Networks develops an Internet of Everything Management Platform designed for Cisco network infrastructure with a particular focus on cellular (3G/4G/LTE) connected environments. The platform is built to scale to tens of millions of devices. The company cites a large market opportunity as only 1% of the world’s devices are currently connected and projects the Internet of Everything could create a $14 trillion market opportunity. Davra operates from Dublin, Ireland and Mountain View, California. Management says the funding will support expansion of global operations, further development of the platform, and immediate team growth. Cisco is a strategic partner and the company has added Cisco SVP Barry O’Sullivan to its board to help define strategy and support global growth.

Total raised

$4M

Funding rounds

2

Latest round

Equity

Latest activity

Nov 2015