About Cradlepoint
Cradlepoint is a company based in Boise (United States) founded in 2004 was acquired by Ericsson in September 2020.. Cradlepoint has raised $154.85 million across 7 funding rounds from investors including Ericsson, The CAPROCK Group and TCV. The company has 165 employees as of March 28, 2024. Cradlepoint has completed 2 acquisitions, including Ericom and Pertino. Cradlepoint operates in a competitive market with competitors including Netskope, Aryaka Networks, Versa Networks, Masergy and Riverbed, among others.
- Headquarter Boise, United States
- Employees 165 as on 28 Mar, 2024
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Sectors
TechnologyTelecommunications
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Cradlepoint India Private Limited
- Date of Incorporation 18 May, 2021
- Jurisdiction Bangalore North, Karnataka, India
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Annual Revenue
$8.52 M (USD)255.97as on Mar 31, 2023
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Net Profit
$833.4 K (USD)242.42as on Mar 31, 2023
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EBITDA
$1.3 M (USD)280.19as on Mar 31, 2023
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Total Equity Funding
$154.85 M (USD)
in 7 rounds
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Latest Funding Round
$89.16 M (USD), Series C
Mar 09, 2017
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Investors
Ericsson
& 7 more
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Employee Count
165
as on Mar 28, 2024
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Investments & Acquisitions
Ericom
& 1 more
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Acquired by
Ericsson
(Sep 18, 2020)
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Software Development Team
315 people
Leadership Team
102 people
Sales and Marketing
64 people
Head Team
64 people
Senior Team
62 people
Operations Team
33 people
Human Resources and Administration
30 people
Legal and Compliance
29 people
Unlock access to complete
Funding Insights of Cradlepoint
Cradlepoint has successfully raised a total of $154.85M across 7 strategic funding rounds. The most recent funding activity was a Series C round of $89.16 million completed in March 2017. 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 7
- Last Round Series C — $89.2M
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First Round
First Round
(01 Oct 2007)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2017 | Amount | Series C - Cradlepoint | Valuation | TCV |
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| Feb, 2015 | Amount | Series B - Cradlepoint | Valuation | Sorenson Capital | |
| Jul, 2012 | Amount | Series B - Cradlepoint | 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 Cradlepoint
Cradlepoint has secured backing from 8 investors, including venture fund and institutional investors. Prominent investors backing the company include Ericsson, The CAPROCK Group and TCV. 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 is invested in global technology companies by TCV.
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Founded Year | Domain | Location | |
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Focus by Sorenson Capital is on software, healthcare, aerospace, energy.
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Founded Year | Domain | Location | |
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Growth-equity investments are targeted by the private firm Delta-v Capital.
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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 Cradlepoint
Cradlepoint has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Ericom and Pertino. 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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Cloud-based VPN services are provided for secure networking.
|
2011 | ||||
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Ericom is recognized for providing Zero Trust cloud security solutions.
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1993 |
| 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 - Cradlepoint
| 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 |
Cradlepoint Comparisons
Competitors of Cradlepoint
Cradlepoint 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 Netskope, Aryaka Networks, Versa Networks, Masergy and Riverbed, 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 security solutions are delivered for enterprise visibility and protection.
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| domain | founded_year | HQ Location |
Unified SASE solutions are delivered for enterprise connectivity and security.
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| domain | founded_year | HQ Location |
SASE network security solutions are delivered through cloud-based platform.
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| domain | founded_year | HQ Location |
Provider of IT service suite solutions
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| domain | founded_year | HQ Location |
Enterprise WAN optimization and application performance monitoring platforms are provided.
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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 Cradlepoint
Frequently Asked Questions about Cradlepoint
When was Cradlepoint founded?
Cradlepoint was founded in 2004 and raised its 1st funding round 3 years after it was founded.
Where is Cradlepoint located?
Cradlepoint is headquartered in Boise, United States. It is registered at Boise, Idaho, United States.
Is Cradlepoint a funded company?
Cradlepoint is a funded company, having raised a total of $154.85M across 7 funding rounds to date. The company's 1st funding round was a Series B of $1.5M, raised on Oct 01, 2007.
How many employees does Cradlepoint have?
As of Mar 28, 2024, the latest employee count at Cradlepoint is 165.
What is the annual revenue of Cradlepoint?
Annual revenue of Cradlepoint is $8.52M as on Mar 31, 2023.
What does Cradlepoint do?
Cradlepoint was founded in 2004 in Boise, United States, and operates in the IoT networking sector. Cloud-based solutions for network infrastructure are offered, including router hardware and management tools to oversee endpoints in distributed setups. Monitoring and control occur from a centralized point across various networks. Software-defined wireless WAN options are provided for service providers and mobile enterprises. The platforms application is supported on Android devices.
Who are the top competitors of Cradlepoint?
Cradlepoint's top competitors include Netskope, Cato Networks and Versa Networks.
How many acquisitions has Cradlepoint made?
Who are Cradlepoint's investors?
Cradlepoint has 8 investors. Key investors include Ericsson, The CAPROCK Group, TCV, Sorenson Capital, and Delta-v Capital.
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