About Covad Communications
Covad Communications is a company based in Cupertino (United States) founded in 1996 was acquired by USVP in June 2010.. Covad Communications has completed 5 acquisitions, including BlueStar Communications, Gobeam and Internet Connect. Covad Communications operates in a competitive market with competitors including KPN, Hong Kong Broadband Network, Cogeco, British Telecom and Ciena, among others.
- Headquarter Cupertino, United States
- Stage Public
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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
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Investors
USVP
& 1 more
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Employee Count
Employee Count
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Investments & Acquisitions
BlueStar Communications
& 4 more
- Acquired by
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Funding Insights of Covad Communications
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 Covad Communications
Covad Communications has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include USVP and Platinum Equity. 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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VC firm that focuses on early stage investments in the US
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Founded Year | Domain | Location | |
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Platinum Equity is engaged in private equity and credit investments.
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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 Covad Communications
Covad Communications has strategically engaged in corporate development activities, having acquired 5 companies. Notable acquisitions include BlueStar Communications, Gobeam and Internet Connect. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Provider of diversified event designing and management services
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2006 | ||||
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Limited information available
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2000 | ||||
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Fixed wireless broadband internet is delivered to businesses.
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1999 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Covad Communications
| 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 |
Covad Communications Comparisons
Competitors of Covad Communications
Covad Communications 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 KPN, Hong Kong Broadband Network, Cogeco, British Telecom and Ciena, 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 |
Mobile and fixed-line telecommunication services are provided across Europe.
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| domain | founded_year | HQ Location |
Provider of fibre optic broadband internet services
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| domain | founded_year | HQ Location |
Fiber-optic internet, TV, and fixed-line telephone services provider
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| domain | founded_year | HQ Location |
Provider of mobile phones and fiber broadband services for home & business
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| domain | founded_year | HQ Location |
Cloud-based network management software is provided for infrastructure planning.
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| domain | founded_year | HQ Location |
Datacenter colocation, communication technology, and managed services are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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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Latest news on Covad Communications
Frequently Asked Questions about Covad Communications
When was Covad Communications founded?
Covad Communications was founded in 1996.
Where is Covad Communications located?
Covad Communications is headquartered in Cupertino, United States. It is registered at Cupertino, California, United States.
Who is the current CEO of Covad Communications?
Pat Bennett is the current CEO of Covad Communications.
What does Covad Communications do?
Covad Communications was founded in 1996 in Cupertino, United States, as a telecommunications provider focused on broadband services. DSL broadband, Voice over IP, T1 lines, web hosting, managed security, IP and dial-up access, and integrated voice and data solutions are offered through its network. In 2010, the company was acquired by U.S. Venture, leading to a merger with MegaPath and Speakeasy to form MegaPath Corporation.
Who are the top competitors of Covad Communications?
How many acquisitions has Covad Communications made?
Covad Communications has made 5 acquisitions, including BlueStar Communications, Gobeam, and Internet Connect.
Who are Covad Communications's investors?
Covad Communications has 2 investors. Key investors include USVP, and Platinum Equity.