About Hughes Telematics
Hughes Telematics is a company based in Atlanta (United States) founded in 2007 was acquired by Verizon in June 2012. Hughes Telematics has raised $74.81 million across 4 funding rounds from investors including Verizon and Apollo Global Management. The company has 517 employees as of December 31, 2022. Hughes Telematics operates in a competitive market with competitors including Valens, Ethernovia, Transatel, Excelfore and Intrepid Control Systems, among others.
- Headquarter Atlanta, United States
- Employees 517 as on 31 Dec, 2022
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Sectors
Transportation, Automotive & Logistics
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Phone
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Website
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Social
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- Legal Name Hughes Telematics, Inc.
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$74.81 M (USD)
in 4 rounds
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Latest Funding Round
$46.86 M (USD), Series C
Oct 19, 2011
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Investors
Verizon
& 2 more
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Employee Count
517
as on Dec 31, 2022
- Acquired by
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Funding Insights of Hughes Telematics
Hughes Telematics has successfully raised a total of $74.81M across 4 strategic funding rounds. The most recent funding activity was a Series C round of $46.86 million completed in October 2011. 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.
Investors in Hughes Telematics
Hughes Telematics has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include Verizon and Apollo Global Management.
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Buyouts are targeted through private equity investments by the firm.
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Mobile and internet services are provided to homes and businesses.
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Investor details for Hughes Telematics
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Investments & Acquisitions by Hughes Telematics
Investment portfolio details for Hughes Telematics
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Financial Statements - Hughes Telematics
Detailed financials for Hughes Telematics
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Hughes Telematics Comparisons
Peer comparison for Hughes Telematics
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Competitors of Hughes Telematics
Hughes Telematics 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 Valens, Ethernovia, Transatel, Excelfore and Intrepid Control Systems, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Provider of communication ICs for HD connectivity
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In-vehicle network middleware solutions are provided to OEMs.
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MVNO and MVNE solutions are provided across Europe.
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Cloud-enabled middleware solutions for automotive networks are provided.
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Provider of vehicle networking, autonomy & embedded solutions
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Detailed competitors of Hughes Telematics
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Latest news on Hughes Telematics
Complete news archive for Hughes Telematics
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Frequently Asked Questions about Hughes Telematics
Hughes Telematics was founded in 2007 and raised its 1st funding round 3 years after it was founded.
Hughes Telematics is headquartered in Atlanta, United States. It is registered at Atlanta, Georgia, United States.
Hughes Telematics is a funded company, having raised a total of $74.81M across 4 funding rounds to date.
As of Dec 31, 2022, the latest employee count at Hughes Telematics is 517.
Founded in 2007 and headquartered in Atlanta, United States, Hughes Telematics operates in the telematics sector. A suite of information-based and wireless services is provided, designed for compatibility with various vehicle platforms. An open-source architecture is utilized in the telematics platform, enabling interconnectivity among content providers, call centers, and in-vehicle hardware. Operations focus on enhancing vehicle connectivity and data management.
Hughes Telematics's top competitors include Valens, Transatel and Ethernovia.
Hughes Telematics has 2 investors. Key investors include Verizon, and Apollo Global Management.