About Fastback Networks
Fastback Networks is a company based in California City (United States) founded in 2010 was acquired by COMSovereign in August 2020. It operates as a IaaS (Infrastructure-as-a-Service), and Managed Services. Fastback Networks has raised $41 million across 3 funding rounds from investors including Juniper Networks, COMSovereign and Foundation Capital. The company has 19 employees as of December 31, 2022. Fastback Networks has completed 1 acquisition, including Fastback Networks. Fastback Networks offers products and services including Liberator Radios and IBR Backhauls. Fastback Networks operates in a competitive market with competitors including NEC, Ericsson, Mavenir, CommScope and Juniper Networks, among others.
- Headquarter California City, United States
- Employees 19 as on 31 Dec, 2022
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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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- Legal Name Fastback Networks
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$41 M (USD)
in 3 rounds
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Latest Funding Round
$15 M (USD), Series C
Jan 22, 2015
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Investors
Juniper Networks
& 5 more
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Employee Count
19
as on Dec 31, 2022
- Investments & Acquisitions
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Acquired by
COMSovereign
(Aug 24, 2020)
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Products & Services of Fastback Networks
Fastback Networks offers a comprehensive portfolio of products and services, including Liberator Radios and IBR Backhauls. 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.
Advanced millimeter wave solutions for urban deployment are provided.
High-performance temporary backhaul services for events are offered.
Funding Insights of Fastback Networks
Fastback Networks has successfully raised a total of $41M across 3 strategic funding rounds. The most recent funding activity was a Series C round of $15 million completed in January 2015. 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 — $15.0M
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First Round
First Round
(01 Jun 2011)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2015 | Amount | Series C - Fastback Networks | Valuation | Harmony Partners | |
| May, 2013 | Amount | Series B - Fastback Networks | Valuation | Matrix | |
| Jun, 2011 | Amount | Series A - Fastback Networks | 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 Fastback Networks
Fastback Networks has secured backing from 6 investors, including venture fund and institutional investors. Prominent investors backing the company include Juniper Networks, COMSovereign and Foundation 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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Venture capital is provided to expansion-stage software and tech firms.
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Founded Year | Domain | Location | |
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Venture capital firm focused on early-stage fintech, enterprise, web 3, consumer, and multiple sectors
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Founded Year | Domain | Location | |
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Early-stage ventures are funded by the investment firm.
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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 Fastback Networks
Fastback Networks has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Fastback Networks. 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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Wireless Ethernet bridges for mobile backhaul are supplied.
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2010 |
| 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 - Fastback Networks
| 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 |
Fastback Networks Comparisons
Competitors of Fastback Networks
Fastback Networks 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 NEC, Ericsson, Mavenir, CommScope and Juniper Networks, 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-based IT and networking solutions are provided globally.
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| domain | founded_year | HQ Location |
Telecom equipment and software solutions are provided for networks.
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| domain | founded_year | HQ Location |
Multi-access edge networking computing platform is provided for mobile services.
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| domain | founded_year | HQ Location |
Fiber-optic and wireless infrastructure products provider
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| domain | founded_year | HQ Location |
Cloud-based enterprise networking and firewall solutions are delivered.
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| domain | founded_year | HQ Location |
IP networking, ultra-broadband access, and cloud solutions 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 Fastback Networks
Frequently Asked Questions about Fastback Networks
When was Fastback Networks founded?
Fastback Networks was founded in 2010 and raised its 1st funding round 1 year after it was founded.
Where is Fastback Networks located?
Fastback Networks is headquartered in California City, United States. It is registered at California City, California, United States.
Is Fastback Networks a funded company?
Fastback Networks is a funded company, having raised a total of $41M across 3 funding rounds to date. The company's 1st funding round was a Series A of $11M, raised on Jun 01, 2011.
How many employees does Fastback Networks have?
As of Dec 31, 2022, the latest employee count at Fastback Networks is 19.
What does Fastback Networks do?
Fastback Networks is engaged in delivering advanced wireless backhaul solutions for both public and private networks. Services are focused on accelerating the deployment of 4G5G LTE services and high-capacity data networks. Operating in millimeter wave and sub-6 GHz bands, innovative technologies are combined to address urban deployment challenges. Solutions are tailored for macro cell upgrades, small cell fill-ins, temporary services, enterprise connectivity, security networks, and emergency services. Economic and technical breakthroughs are achieved to meet connectivity demands anywhere.
Who are the top competitors of Fastback Networks?
What products or services does Fastback Networks offer?
Fastback Networks offers Liberator Radios and IBR Backhauls.
How many acquisitions has Fastback Networks made?
Fastback Networks has made 1 acquisition, including Fastback Networks.
Who are Fastback Networks's investors?
Fastback Networks has 6 investors. Key investors include Juniper Networks, COMSovereign, Foundation Capital, Harmony Partners, and Matrix.