About Bitfone
Bitfone is a company based in San Francisco (United States) founded in 2000 was acquired by HP in December 2006.. Bitfone has raised $40 million across 3 funding rounds from investors including Flex, Nokia and HP. Bitfone offers products and services including HPE GreenLake and HPE Networking.
- Headquarter San Francisco, 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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- Legal Name Hewlett Packard Enterprise Development Lp
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Products & Services of Bitfone
Bitfone offers a comprehensive portfolio of products and services, including HPE GreenLake and HPE Networking. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Hybrid cloud services are provided to deploy and manage resources across private and public clouds, ensuring control of data and flexibility in service consumption is maintained.
Secure, AI-native networks are offered to connect enterprises, protect devices and data, and support various business requirements from traditional to AI workloads.
Funding Insights of Bitfone
Bitfone has successfully raised a total of $40M across 3 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Last Round
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First Round
First Round
(16 Dec 2002)
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2005 | Amount | Series D - Bitfone | Valuation |
investors |
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| Mar, 2004 | Amount | Series C - Bitfone | Valuation | Prism Venture Partners | |
| Dec, 2002 | Amount | Series B - Bitfone | 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 Bitfone
Bitfone has secured backing from 9 investors, including venture fund and institutional investors. Prominent investors backing the company include Flex, Nokia and HP. 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 investing in technology sectors such as AI and automotive.
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Founded Year | Domain | Location | |
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Tech and Offline focused Early stage VC Firm investing in parts of Europe and the US
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Founded Year | Domain | Location | |
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Early and growth-stage startups are invested in by KTB Ventures.
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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 Bitfone
| 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 - Bitfone
| 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 |
Bitfone Comparisons
Competitors of Bitfone
| 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 Bitfone
When was Bitfone founded?
Bitfone was founded in 2000 and raised its 1st funding round 2 years after it was founded.
Where is Bitfone located?
Bitfone is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Is Bitfone a funded company?
Bitfone is a funded company, having raised a total of $40M across 3 funding rounds to date. The company's 1st funding round was a Series B of $19M, raised on Dec 16, 2002.
What does Bitfone do?
Bitfone was founded in 2000 and is headquartered in San Francisco, United States. Operations are focused on the telecommunications sector, where wireless services are delivered alongside repairs and upgrades for mobile devices. These services are extended through the companys domain, bitfone.com, supporting customers in the region with essential connectivity and maintenance solutions. Geographic emphasis is placed on the U.S. market.
What products or services does Bitfone offer?
Bitfone offers HPE GreenLake and HPE Networking.
Who are Bitfone's investors?
Bitfone has 9 investors. Key investors include Flex, Nokia, HP, 3i Group, and Qualcomm Ventures.