• 1NCE

  Participated · Equity · Apr 2025

  1NCE offers a cloud-based software platform for connected products and connectivity, managing 30 million devices for more than 24,000 customers across 170+ countries. The company operates what it calls the world’s largest privately run IoT network in the cloud and reports endpoint availability of 99.97%. Since launching in 2018 the platform has been used to accelerate time-to-market for data collection projects and to manage devices across their lifecycle. 1NCE plans to broaden its product portfolio with a next‑generation SaaS platform and to add new AI tools and features for customers using its 1NCE OS. The company is focused on continued global expansion—having team members in 30 countries, branches in 11 countries, digital support in 25 languages, and a user base in 50+ countries—and intends to further grow its presence in the United States. 1NCE was recognized as “Best Innovation in the Internet of Things” at the 2024 SaaS Awards and recently strengthened its leadership and advisory roster. 1NCE provides global cellular connectivity and software for the Internet of Things via a flat-rate offering designed to last the lifetime of a device (one-off $10 for 10 years). The company sells fast, secure, and reliable connectivity and related software services across more than 100 countries and employs about 200 staff with offices in multiple cities. 1NCE is expanding its footprint and in 2022 targeted growth to more than 140 countries (up from 104) and a 25% increase in Tier‑1 wireless operators in its network. Its next product phase centers on intelligent software connectivity and over‑the‑top (OTT) services to enable customers to develop and manage IoT solutions on the 1NCE platform. The company was founded in 2017 and is headquartered in Cologne, Germany. The article does not disclose revenue or other operating financial metrics. 1NCE is a Germany-based IoT network carrier that offers fixed-price cellular device connectivity in over 100 countries. Its core product is cloud-based IoT software paired with cellular connectivity, and it says it manages more than 10 million connections for over 7,000 business customers. The company was founded in 2017 with Deutsche Telekom as a seed-stage backer; Deutsche Telekom remains an investor and a customer. 1NCE employs more than 100 staff across cities including Cologne, Hamburg, Amsterdam, London, Rome, Paris, Warsaw and Riga. It will use the fresh capital to grow its business in the US and Asia, continue developing its cloud-based IoT software, and ramp up recruitment. The company raised $50 million in new funding from SoftBank, Deutsche Telekom and other investors.

No current team members are available.