CradlePoint Technology

CradlePoint Technology

The Global Leader in 3G/4G Network Solutions for Business Including Enterprise Branch, Retail POS, Transportation, M2M and Small Business.. Learn more
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DateInvestorsAmountRound
N/A

$350k

Early VC
N/A

$7.5m

Early VC
N/A

$11.5m

Early VC
N/A

$4.3m

Early VC

$1.5m

Debt

$48.0m

Series B

N/A

-
N/A

$675k

Early VC

$89.0m

Series C

$1.1b

Valuation: $1.1b

Acquisition
Total Funding€147m

Recent News about CradlePoint Technology

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Cradlepoint, founded in 2006, is a leading technology company specializing in wireless networking solutions. The company operates primarily in the enterprise market, providing advanced networking equipment and services to businesses of all sizes, including large enterprises and rapidly growing companies. Cradlepoint's core offerings include Wireless WAN (Wide Area Network) and 5G solutions, which are essential for modern, high-speed, and reliable internet connectivity.

Cradlepoint's business model revolves around selling hardware, such as LTE and 5G edge routers, and offering subscription-based software services. These software services include AI-powered image and video transformation, media management, and advanced security features. The company leverages AI (Artificial Intelligence) to enhance its products, providing features like visual search, smart cropping, object detection, and contextual transformations. This makes Cradlepoint's solutions highly valuable for clients needing robust and scalable networking capabilities.

The company's clients span various industries, including retail, healthcare, public safety, and transportation. These clients rely on Cradlepoint's technology to maintain seamless and secure connectivity, which is crucial for their operations. Cradlepoint's solutions help organizations connect beyond traditional networks, enabling them to better serve their customers and communities.

Cradlepoint generates revenue through the sale of its hardware products and recurring subscription fees for its software services. This dual revenue stream ensures a steady income while fostering long-term relationships with clients through ongoing service contracts.

In summary, Cradlepoint is a key player in the wireless networking industry, providing innovative and reliable solutions to enterprises. Its focus on AI and 5G technologies positions it well for future growth in an increasingly connected world.

Keywords: Wireless WAN, 5G, AI, LTE routers, enterprise networking, connectivity, media management, security, subscription services, edge solutions.

Tech stack

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Tech stackLearn more about the technologies and tools that this company uses.

Investments by CradlePoint Technology

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Ericom Software
ACQUISITION by CradlePoint Technology Apr 2023