• Cubic Telecom

  Participated · Series C · Aug 2017

  Cubic Telecom provides a global connectivity platform (PACE) that lets OEMs monitor, manage and update vehicles and devices in real time via mobile connectivity and deliver features over-the-air. Its platform launched in 2016 and currently connects more than 17 million vehicles across over 190 countries and regions, adding about 450,000 new vehicles monthly. The company serves automotive, transportation and agriculture OEMs and has agreements with more than 90 mobile network operators. Cubic plans to expand services and distribution through a strategic partnership with SoftBank, including exploring satellite and stratospheric Non-Terrestrial Network (NTN) solutions for areas beyond ground networks. The partnership is intended to drive new services for software-defined vehicles and other high-value IoT assets and to give Cubic access to SoftBank’s customer base in Japan and Asia-Pacific. After the closing, Cubic will become a consolidated subsidiary of SoftBank while continuing to operate its PACE platform under current leadership. Cubic Telecom provides connectivity management and mobility solutions via its software platform PACE to Internet of Things, automotive and mobile device customers worldwide. The company offers flexible over-the-air (OTA) device management, connectivity services and analytics across more than 180 countries through global network, device and retail partnerships. Cubic works with OEMs and large device manufacturers and lists partners and customers such as Audi, Panasonic, Volkswagen, Woolworths, e.GO and Skoda. Led by CEO Barry Napier, the firm is investing in R&D to further develop its PACE connectivity platform. The company intends to use recent financing to expand its software platform and global network operations and to incentivize job creation in software and network engineering. Cubic Telecom is a Dublin-based global Internet of Things (IoT) connectivity platform providing mobility solutions that power connectivity for IoT, machine-to-machine (M2M) and connected devices, including autonomous vehicle technologies and LTE connectivity solutions. Its global tier-one network delivers high-speed 4G LTE voice and data services through partnerships with over 30 mobile operators across more than 180 countries. The company serves OEMs, technology and automotive customers, including Audi, Volkswagen, Porsche, HP, Lenovo, Panasonic, Rakuten, Woolworths and Qualcomm Technologies. Founded in 2006 and led by Chairman and CEO Barry Napier, Cubic Telecom has raised a total of $88M to date. The company raised $47M in a Series C round and intends to use the funds to expand market and engineering capabilities. Cubic Telecom is a Dublin, Ireland-based company that provides a cloud-based machine-to-machine (M2M) platform enabling global connectivity for enterprise customers. Its platform delivers connectivity across automotive, computer OEM and retail sectors via applications and technologies embedded at the manufacturing stage. Led by CEO Barry Napier, the company works with Fortune 100 tablet and notebook manufacturers including HP and Lenovo, and with Australia’s number one retailer Woolworths. Cubic secured €18m in funding from new backers Audi Electronics Venture GmbH (AEV) and Qualcomm alongside existing investors Sierra Wireless, ACT Venture Capital, TPS Investment Limited and Enterprise Ireland. The company plans to use the funds to continue investing in its software platform and global connectivity network and to expand operations worldwide. Cubic Telecom builds embedded connectivity technology that can be integrated into partner tablets and notebooks to enable low-cost global roaming and seamless device connectivity. Its platform functions as a licensed mobile network operator (not an MVNO) and partners with Tier 1 mobile operators to deliver coverage in 230 countries. The company’s Software Defined Network (SDN) works across multiple technologies including 3G, 4G-LTE, CDMA and WiFi, and supports over-the-air (OTA) updates to internal SIMs. Cubic has secured contracts with several Fortune 100 tablet and notebook manufacturers to have its service built into devices, though those partners have not been announced. The recent funding will be used to expand globally and further develop the underlying technology. As part of the investment, Cubic plans to create more than 70 new jobs over the next three years with support from Enterprise Ireland and the Department of Jobs, Enterprise and Innovation.

No current team members are available.