About Covigo
Covigo is a company based in United States founded in 1999 was acquired by Symbol Technologies in July 2003.. Covigo has raised $4 million across 1 funding round from investors including Nokia, Norwest Venture Partners and Symbol Technologies. Covigo operates in a competitive market with competitors including Good Technology, MobileIron, Jamf, Ivanti and Kandji, among others.
- Headquarter California, United States
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Sectors
Technology
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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
$4 M (USD)
in 1 rounds
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Latest Funding Round
$4 M (USD), Series B
Jan 08, 2002
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Investors
Nokia
& 2 more
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Employee Count
Employee Count
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Acquired by
Symbol Technologies
(Jul 28, 2003)
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Funding Insights of Covigo
Covigo has successfully raised a total of $4M through 1 strategic funding round. The most recent funding activity was a Series B round of $4 million completed in January 2002. 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 1
- Last Round Series B — $4.0M
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First Round
First Round
(08 Jan 2002)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2002 | Amount | Series B - Covigo | 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 Covigo
Covigo has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include Nokia, Norwest Venture Partners and Symbol Technologies. 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 and growth equity firm providing investments and resources to entrepreneurs in various sectors.
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Founded Year | Domain | Location | |
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Hardware and software solutions for telecommunications are provided by Nokia.
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Founded Year | Domain | Location | |
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Limited information available
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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 Covigo
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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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.
|
2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Covigo
| 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 |
Covigo Comparisons
Competitors of Covigo
Covigo 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 Good Technology, MobileIron, Jamf, Ivanti and Kandji, 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 |
Secure MDM and MAM solutions for enterprise mobility are delivered.
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| domain | founded_year | HQ Location |
MDM and endpoint management solutions are delivered for enterprise devices.
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| domain | founded_year | HQ Location |
Cloud-based enterprise device management solutions are offered.
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| domain | founded_year | HQ Location |
Cloud-based IT asset and service management software is offered.
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| domain | founded_year | HQ Location |
Mobile device management is facilitated through a cloud-based platform.
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| domain | founded_year | HQ Location |
IT asset management and endpoint security solutions are offered.
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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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Latest news on Covigo
Frequently Asked Questions about Covigo
When was Covigo founded?
Covigo was founded in 1999 and raised its 1st funding round 3 years after it was founded.
Where is Covigo located?
Covigo is headquartered in United States. It is registered at California, United States.
Is Covigo a funded company?
Covigo is a funded company, having raised a total of $4M across 1 funding round to date. The company's 1st funding round was a Series B of $4M, raised on Jan 08, 2002.
What does Covigo do?
Covigo provided software to manage and track mobile assets like PDAs, mobile applications, network roaming and user authentication. Its Covigo Platform was used to deploy applications over multiple channels including the web, wireless, voice and multiple modes leveraging Java, J2EE, and J2ME standards. The solution included messaging, content and transactional services over mobile devices, Covigo Mobile Application Engine as server software, Covigo Insight as a reporting and analysis tool for gathering BI monitoring wireless user activity and transaction information. Software vendors and systems integrators developed workflow-based multi-channel applications leveraging its solutions. Main customers included CMG Wireless and the State of Texas. Acquired by Symbol Technologies in Jul 2003, which in turn was acquired by Motorola.
Who are the top competitors of Covigo?
Covigo's top competitors include Jamf, MobileIron and Kandji.
Who are Covigo's investors?
Covigo has 3 investors. Key investors include Nokia, Norwest Venture Partners, and Symbol Technologies.
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