About 724 Solutions
724 Solutions is a company based in Santa Barbara (United States) founded in 1997 was acquired by Mobixell Networks in January 2010.. 724 Solutions operates in a competitive market with competitors including RingCentral, Dialpad, Fuze, Metaswitch and Weave, among others.
- Headquarter Santa Barbara, United States
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Sectors
Telecommunications
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Phone
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Website
*********
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
$8 M (USD), Debt – Convertible
May 14, 2004
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Investors
Mobixell Networks
& 1 more
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Employee Count
Employee Count
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Acquired by
Mobixell Networks
(Jan 21, 2010)
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Funding Insights of 724 Solutions
- Total Funding Total Funding
- Total Rounds 1
- Last Round Debt – Convertible — $8.0M
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First Round
First Round
(14 May 2004)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2004 | Amount | Debt – Convertible - 724 Solutions | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in 724 Solutions
724 Solutions has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Mobixell Networks and Austin Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital investments in Texas-based companies.
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Founded Year | Domain | Location | |
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Mobile internet optimization solutions are provided to telecom operators.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by 724 Solutions
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - 724 Solutions
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
724 Solutions Comparisons
Competitors of 724 Solutions
724 Solutions operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as RingCentral, Dialpad, Fuze, Metaswitch and Weave, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cloud-based unified communication solutions are offered to diverse sectors.
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| domain | founded_year | HQ Location |
Cloud-based unified communication solutions including voice and video are provided.
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| domain | founded_year | HQ Location |
Fuze, under 8x8, Inc., is recognized for providing cloud-based communication and customer experience solutions.
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| domain | founded_year | HQ Location |
SoftSwitch and VOIP solutions are provided for cloud-based communication networks.
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| domain | founded_year | HQ Location |
Omnichannel software is delivered for customer engagement in healthcare businesses.
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| domain | founded_year | HQ Location |
An AI platform is utilized for connecting employees across organizations.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about 724 Solutions
When was 724 Solutions founded?
724 Solutions was founded in 1997 and raised its 1st funding round 7 years after it was founded.
Where is 724 Solutions located?
724 Solutions is headquartered in Santa Barbara, United States. It is registered at Santa Barbara, California, United States.
What does 724 Solutions do?
Founded in 1997 and headquartered in Santa Barbara, United States, 724 Solutions focuses on the telecommunications sector. Software platforms are developed for mobile network operators to support IP-based network and data services. Messaging delivery is enabled to users through mobile phones and handheld devices. Key offerings include the X-treme Mobility suite, comprising Mobility Gateway, MMS Accelerator, Service Activity Manager, Alerts Platform, and Multimedia Application Gateway products.
Who are the top competitors of 724 Solutions?
724 Solutions's top competitors include Dialpad, RingCentral and Weave.
Who are 724 Solutions's investors?
724 Solutions has 2 investors. Key investors include Mobixell Networks, and Austin Ventures.