CyanConnode

Cambridge, United Kingdom
Provider of narrowband RF mesh networks for Omni IoT communications

About CyanConnode

CyanConnode is a company based in Cambridge (United Kingdom).. CyanConnode has raised $5.43 million across 7 funding rounds from investors including L&T, JST Group and Cambridge Gateway Fund. The company has 115 employees as of March 31, 2024. CyanConnode has completed 1 acquisition, including Connode. CyanConnode offers products and services including Narrowband RF mesh, Omnimesh, and Omni IoT Platform. CyanConnode operates in a competitive market with competitors including ecobee, Particle, eero, Signify and Landis+Gyr, among others.

  • Headquarter Cambridge, United Kingdom
  • Employees 115 as on 31 Mar, 2024
  • Stage Public
  • Sectors
    Technology
    Business Services Energy & Utilities
  • Email
    ***********
  • Phone
    *********
  • Website
    *********
  • Social
    *********
  • Legal Name Cyanconnode Holdings Plc
Operational Areas
Technology → Internet of Things (IoT) & Connectivity
Technology → Internet of Things (IoT) & Connectivity
Business Services → Facility, Security & Field Operations
Energy & Utilities → Energy Storage & Efficiency
Energy & Utilities → Power Generation & Infrastructure
Key Metrics
  • Annual Revenue
    $17.77 M (USD)
    -24.31
    as on Mar 31, 2024
  • Net Profit
    $-4.8 M (USD)
    0.13
    as on Mar 31, 2024
  • EBITDA
    $-4.17 M (USD)
    -20.55
    as on Mar 31, 2024
  • Total Equity Funding
    $5.43 M (USD)

    in 7 rounds

  • Latest Funding Round
    $7.13 M (USD), Post-IPO

    Oct 01, 2018

  • Investors
    L&T

    & 4 more

  • Employee Count
    115

    as on Mar 31, 2024

  • Investments & Acquisitions
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IPO & Listings of CyanConnode

CyanConnode is a publicly listed company on the LSE with ticker symbol CYAN in UK, operating in the Electronic technology sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.

Exchange: LSE · Ticker: CYAN . Sector: Electronic technology · UK

Products & Services of CyanConnode

CyanConnode offers a comprehensive portfolio of products and services, including Narrowband RF mesh, Omnimesh, and Omni IoT Platform. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.

Primary

Enables device connectivity for IoT smart metering applications.

Provides flexible wireless solutions for utility and lighting control.

Facilitates secure networking for smart city and utility management.

People of CyanConnode
Headcount 10-50
Employee Profiles 6
Board Members and Advisors 2
Employee Profiles
People
Heather Peacock
CFO & Company Secretary
People
Yuvaraj Asthana
Deputy Manager
People
John Cronin
Executive Chairman
People
Lorraine Stapelberg Acca
Group Financial Controller

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Board Members and Advisors
people
Peter Tyler
Non-Executive Director
people
David Johns-Powell
Non-Executive Director

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Funding Insights of CyanConnode

CyanConnode has successfully raised a total of $5.43M across 7 strategic funding rounds. The most recent funding activity was a Post-IPO round of $7.13 million completed in October 2018. 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 Rounds 7
  • Last Round Post-IPO — $7.1M
  • First Round

    (01 Jul 2000)

  • Investors Count 5
Date Amount Transaction Name Valuation Lead Investors Investors
Oct, 2018 Amount Post-IPO - CyanConnode Valuation

investors

May, 2018 Amount Post-IPO - CyanConnode Valuation

investors

L&T
Sep, 2017 Amount Post-IPO - CyanConnode Valuation

investors

Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Jan, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Investors in CyanConnode

CyanConnode has secured backing from 5 investors, including institutional and venture fund investors. Prominent investors backing the company include L&T, JST Group and Cambridge Gateway Fund. 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.

All
Venture Fund
Institutional
Investor Description Founded Year Domain Location
-
Founded Year Domain Location
Online slot gaming services are offered by ng24h platform.
Founded Year Domain Location
Investment in high-growth technology businesses in southern England.
Founded Year Domain Location
Investor Description Founded Year Domain Location
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
Founded Year Domain Location
Startup ecosystems are ignited through strategic investments by Signite Partners.
Founded Year Domain Location
Venture capital is directed toward companies in multiple sectors.
Founded Year Domain Location
Venture capital is invested in cybersecurity, fintech, and AI startups.
Founded Year Domain Location

Investments & Acquisitions by CyanConnode

CyanConnode has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Connode. 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.

Investments
Company Name Description Domain Location Founded Year Amount
Bionic investment advisor platform
2016
Fine Asian gourmet food is offered by an internet-first restaurant.
2016
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
2014
Fine Asian gourmet food is offered by an internet-first restaurant.
2016
Acquisitions
Company Name Description Domain Location Founded Year Amount
Wireless mesh networking for IoT and smart metering is provided.
2006
Company Name Description Domain Location Founded Year Amount
OVO is recognized as a smart digital payment application.
2017
Bionic investment advisor platform
2016
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
2014
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
2014

Financial Statements - CyanConnode

Tata Steel revenue growth over time
Tata Steel profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Jan, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Cyanconnode Comparisons

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Competitors of CyanConnode

CyanConnode 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 ecobee, Particle, eero, Signify and Landis+Gyr, 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
Provider of smart thermostats for commercial and residential applications
domain founded_year HQ Location
IoT connectivity platform from prototype to production is developed.
domain founded_year HQ Location
Mesh-based connectivity solutions for IoT applications are provided.
domain founded_year HQ Location
Signify is recognized as a global leader in lighting solutions.
domain founded_year HQ Location
End-to-end energy management solutions are provided for utilities worldwide.
domain founded_year HQ Location
Energy efficiency and smart grid management solutions
Company Name Domain Founded year HQ Location Description
domain founded_year HQ Location
Multiple services are booked via an app-based platform.
domain founded_year HQ Location
On-demand services are booked through an app-based platform.
domain founded_year HQ Location
App based platform offering on demand delivery and ride-hailing services
domain founded_year HQ Location
Operates an on-demand hyperlocal delivery app for food and groceries.

Latest news on Cyanconnode

Frequently Asked Questions about CyanConnode

Where is CyanConnode located?

CyanConnode is headquartered in Cambridge, United Kingdom. It is registered at Cambridge, Cambridgeshire, United Kingdom.

Is CyanConnode a funded company?

CyanConnode is a funded company, having raised a total of $5.43M across 7 funding rounds to date. The company's 1st funding round was a Post-IPO of $11.44M, raised on Jul 01, 2000.

How many employees does CyanConnode have?

As of Mar 31, 2024, the latest employee count at CyanConnode is 115.

What is the annual revenue of CyanConnode?

Annual revenue of CyanConnode is $17.77M as on Mar 31, 2024.

What does CyanConnode do?

Provider of narrowband RF mesh networks for Omni IoT communications. The company delivers solutions for smart cities, enabling monitoring and management of utilities. It offers technology for smart electricity, gas, and water metering. The company also provides solutions for smart lighting control.

Who are the top competitors of CyanConnode?

CyanConnode's top competitors include ecobee, Particle and Landis+Gyr.

What products or services does CyanConnode offer?

CyanConnode offers Narrowband RF mesh, Omnimesh, and Omni IoT Platform.

Is CyanConnode publicly traded?

Yes, CyanConnode is publicly traded on LSE under the ticker symbol CYAN.

How many acquisitions has CyanConnode made?

CyanConnode has made 1 acquisition, including Connode.

Who are CyanConnode's investors?

CyanConnode has 5 investors. Key investors include L&T, JST Group, Cambridge Gateway Fund, ng24h, and ET Capital.

What is CyanConnode's ticker symbol?

The ticker symbol of CyanConnode is CYAN on LSE.

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