About Bitfone
Bitfone is a Telecommunications company based in San Francisco (United States) founded in 2000, and was acquired by HP in December 2006. Wireless services, mobile repairs, and upgrades are provided. 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. Its focus areas include Telecom and Telecom End User Equipment and Services. Its legal entity is Hewlett Packard Enterprise Development LP.
Company details
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.
Products & Services of Bitfone
Bitfone offers a comprehensive portfolio of products and services, including HPE GreenLake and HPE Networking.
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.
Apps and channels of Bitfone
its YouTube channel HPE has 68.2K subscribers and 30 videos.
Videos from Bitfone
The most watched videos on Bitfone's YouTube channel, HPE (68.2K subscribers). Click a video to play it here.
More on HPE.
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 $40M
- Total Rounds 3
- First Round $19M
(Dec 2002)
- Investors Count 8
All 3 funding rounds of Bitfone with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar 2005 | Series D | – | – | ||
| Mar 2004 | $21M | Series C | – | Prism Venture Partners | |
| Dec 2002 | $19M | Series B | – | – |
9 investors in total: 9 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital investing in technology sectors such as AI and automotive. | 2000 | qualcommventures.com | San Diego, United States | |
Tech and Offline focused Early stage VC Firm investing in parts of Europe and the US | nexitventures.com | Helsinki, Finland | ||
Early and growth-stage startups are invested in by KTB Ventures. | ktbvc.com | Palo Alto, United States | ||
Private equity firm focused on mid-market businesses | 1945 | 3i.com | London, United Kingdom | |
VC firm investing in the US | prismventure.com | Westwood, United States | ||
Investment firm focused on technology ventures and private equity. | 2002 | noventi.net | ||
Designer and producer of intelligent products, automotive electronics manufacturing, and logistics services | 1969 | flex.com | San Jose, United States | |
Hardware and software solutions for telecommunications are provided by Nokia. | 1865 | nokia.com | United States | |
Hardware, software, and IT services are provided globally to businesses. | 1939 | hp.com | Palo Alto, United States |
Investor details for Bitfone
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Timeline of Bitfone
4 dated milestones of Bitfone across 6 years, from founding to its latest funding, stage changes and deals.
- Founded Bitfone is founded.
- Funding First funding round of $19.0M.
- Funding Latest funding round, Series D,.
- Exit Acquired by HP.
Top companies in Telecom End User Equipment and Services
3 companies that operate in the same segment as Bitfone (Telecom End User Equipment and Services) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Telecommunication products and services are provided by Metro by T-Mobile. | 1994 | Richardson, Texas, United States | USD 822 M | |||
Electrical circuit components including timing and power solutions are manufactured. | 2009 | Spicewood, Texas, United States | USD 40.1 M | 69 | ||
Radio-style mobile communication services are provided globally. | 2003 | Austin, Texas, United States | USD 20 M | 46 |
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Related news about Bitfone
Complete news archive for Bitfone
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Frequently Asked Questions about Bitfone
Bitfone was founded in 2000 and raised its 1st funding round 2 years after it was founded.
Bitfone is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
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 2002.
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.
Bitfone offers HPE GreenLake and HPE Networking.
Bitfone has 9 investors. Key investors include Flex, Nokia, HP, 3i Group, and Qualcomm Ventures.
Bitfone operates through Hewlett Packard Enterprise Development Lp.
Yes. Bitfone was acquired by HP in December 2006.