About CoreNetworks
CoreNetworks is a company based in Halifax (Canada) founded in 1998 was acquired by SupportSoft in July 2004.. CoreNetworks has raised $18.2 million across 3 funding rounds from investors including SupportSoft, RBC Capital Markets and Skypoint Capital Corporation. CoreNetworks operates in a competitive market with competitors including NetScout, Neusoft, Sigma Systems, Synchronoss and Sandvine, among others.
- Headquarter Halifax, Canada
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Sectors
Telecommunications
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Phone
*********
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Website
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$18.2 M (USD)
in 3 rounds
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Latest Funding Round
$5.7 M (USD), Series B
Sep 11, 2003
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Investors
SupportSoft
& 5 more
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Employee Count
Employee Count
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Acquired by
SupportSoft
(Jul 20, 2004)
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Funding Insights of CoreNetworks
CoreNetworks has successfully raised a total of $18.2M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $5.7 million completed in September 2003. 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 Series B — $5.7M
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First Round
First Round
(07 Feb 2000)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2003 | Amount | Series B - CoreNetworks | Valuation | MMV Financial | |
| Mar, 2001 | Amount | Series B - CoreNetworks | Valuation |
investors |
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| Feb, 2000 | Amount | Series A - CoreNetworks | 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 CoreNetworks
CoreNetworks has secured backing from 6 investors, including institutional and venture fund investors. Prominent investors backing the company include SupportSoft, RBC Capital Markets and Skypoint Capital Corporation. 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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Early-stage equity funding is provided by Skypoint Capital Corporation.
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Founded Year | Domain | Location | |
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Tech & Life-Sciences focused Growth stage Venture Debt Firm investing in North America
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Founded Year | Domain | Location | |
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Investment in technology startups focusing on compute, AI, and related innovations.
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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 CoreNetworks
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
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 - CoreNetworks
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Corenetworks Comparisons
Competitors of CoreNetworks
CoreNetworks 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 NetScout, Neusoft, Sigma Systems, Synchronoss and Sandvine, 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 visual tools for network performance management are provided.
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| domain | founded_year | HQ Location |
IT solutions and services are provided to multiple industries.
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| domain | founded_year | HQ Location |
Product, order management, and network provisioning solutions are provided.
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| domain | founded_year | HQ Location |
SaaS-based platform providing subscriber analytics, network asset management, and cloud services
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| domain | founded_year | HQ Location |
Network policy control products are provided for broadband service providers.
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| domain | founded_year | HQ Location |
Network testing platform is utilized for visibility and outage prevention.
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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 CoreNetworks
When was CoreNetworks founded?
CoreNetworks was founded in 1998 and raised its 1st funding round 2 years after it was founded.
Where is CoreNetworks located?
CoreNetworks is headquartered in Halifax, Canada. It is registered at Halifax, Nova Scotia, Canada.
Is CoreNetworks a funded company?
CoreNetworks is a funded company, having raised a total of $18.2M across 3 funding rounds to date. The company's 1st funding round was a Series A of $2M, raised on Feb 07, 2000.
What does CoreNetworks do?
Core Networks was founded in 1998 in Halifax, Canada, as a provider of activation and network monitoring software for the high-speed internet over cable sector. Operations focus on the CoreOS Broadband Provisioning and Management System, which supports subscriber services, self-care options, and enhanced network monitoring. Solutions address key areas in internet service delivery for cable operators.
Who are the top competitors of CoreNetworks?
Who are CoreNetworks's investors?
CoreNetworks has 6 investors. Key investors include SupportSoft, RBC Capital Markets, Skypoint Capital Corporation, MMV Financial, and ACF.