About Electric Imp
Electric Imp is a company based in Los Altos (United States) founded in 2011 was acquired by Twilio in July 2020.. Electric Imp has raised $43.9 million across 3 funding rounds from investors including Twilio, Foxconn Electronics and Rampart Capital. Electric Imp offers products and services including imp006 and Electric Imp Platform. Electric Imp operates in a competitive market with competitors including Cradlepoint, Actility, Ondas Networks, Kajeet and Celona, among others.
- Headquarter Los Altos, United States
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Sectors
Technology
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Phone
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Website
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Social
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- Legal Name Kore Wireless
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Products & Services of Electric Imp
Electric Imp offers a comprehensive portfolio of products and services, including imp006 and Electric Imp 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.
Wireless module supporting cellular and WiFi for IoT connectivity.
System for IoT security, updates, and lifecycle management services.
Funding Insights of Electric Imp
Electric Imp has successfully raised a total of $43.9M across 3 strategic funding rounds. The most recent funding activity was a Series C round of $21 million completed in April 2016. 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 C — $21.0M
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First Round
First Round
(16 May 2012)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Apr, 2016 | Amount | Series C - Electric Imp | Valuation | Rampart Capital | |
| Aug, 2014 | Amount | Series B - Electric Imp | Valuation |
investors |
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| May, 2012 | Amount | Series A - Electric Imp | Valuation |
investors |
| 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 Electric Imp
Electric Imp has secured backing from 6 investors, including institutional and venture fund investors. Prominent investors backing the company include Twilio, Foxconn Electronics and Rampart Capital. 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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Redpoint Ventures is engaged in venture capital investments.
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VC & PE firm
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Investments & Acquisitions by Electric Imp
| 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 |
Financial Statements - Electric Imp
| 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 |
Electric Imp Comparisons
Competitors of Electric Imp
Electric Imp 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 Cradlepoint, Actility, Ondas Networks, Kajeet and Celona, 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 |
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| domain | founded_year | HQ Location |
Cloud-based network infrastructure for IoT applications is provided.
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Platform for IoT deployments and network connectivity management is provided.
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Broadband communication technologies for IoT are developed and deployed.
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| domain | founded_year | HQ Location |
IoT connectivity and management solutions are provided for various markets.
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| domain | founded_year | HQ Location |
Cloud-based WiFi infrastructure connectivity management software is provided.
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| domain | founded_year | HQ Location |
Cloud platform for M2M and IoT connectivity is offered.
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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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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 Electric Imp
Frequently Asked Questions about Electric Imp
When was Electric Imp founded?
Electric Imp was founded in 2011 and raised its 1st funding round 1 year after it was founded.
Where is Electric Imp located?
Electric Imp is headquartered in Los Altos, United States. It is registered at Los Altos, California, United States.
Is Electric Imp a funded company?
Electric Imp is a funded company, having raised a total of $43.9M across 3 funding rounds to date. The company's 1st funding round was a Series A of $7.9M, raised on May 16, 2012.
What does Electric Imp do?
Electric Imp is a provider of an end-to-end platform to connect any device to the internet and monitor, control and build apps on them. Starts with the imp, a Wifi module, and a processor which connects the device to the Imp Cloud, the central hub to all devices. Also provides an open API to build enhancements on these devices and an Ops console to maintain the latest software and push new code. Used by developers and organizations like Quirky, GE, Budweiser, Lockitron, and more.
Who are the top competitors of Electric Imp?
Electric Imp's top competitors include Cradlepoint, Hologram and EMnify.
What products or services does Electric Imp offer?
Electric Imp offers imp006 and Electric Imp Platform.
Who are Electric Imp's investors?
Electric Imp has 6 investors. Key investors include Twilio, Foxconn Electronics, Rampart Capital, Redpoint Ventures, and PTI Ventures.
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