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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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.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Series C — $46.9M
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First Round
First Round
(07 Jan 2010)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Oct, 2011 | Amount | Series C - Hughes Telematics | Valuation |
investors |
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| Feb, 2011 | Amount | Series B - Hughes Telematics | Valuation |
investors |
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| May, 2010 | Amount | Series B - Hughes Telematics | Valuation | Apollo Global Management |
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| 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 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. 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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Buyouts are targeted through private equity investments by the firm.
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Founded Year | Domain | Location | |
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Mobile and internet services are provided to homes and businesses.
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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 Hughes Telematics
| 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 - Hughes Telematics
| 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 |
Hughes Telematics Comparisons
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. 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 |
Provider of communication ICs for HD connectivity
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| domain | founded_year | HQ Location |
In-vehicle network middleware solutions are provided to OEMs.
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| domain | founded_year | HQ Location |
MVNO and MVNE solutions are provided across Europe.
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| domain | founded_year | HQ Location |
Cloud-enabled middleware solutions for automotive networks are provided.
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| domain | founded_year | HQ Location |
Provider of vehicle networking, autonomy & embedded solutions
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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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Frequently Asked Questions about Hughes Telematics
When was Hughes Telematics founded?
Hughes Telematics was founded in 2007 and raised its 1st funding round 3 years after it was founded.
Where is Hughes Telematics located?
Hughes Telematics is headquartered in Atlanta, United States. It is registered at Atlanta, Georgia, United States.
Is Hughes Telematics a funded company?
Hughes Telematics is a funded company, having raised a total of $74.81M across 4 funding rounds to date. The company's 1st funding round was a Series B of $15.39M, raised on Jan 07, 2010.
How many employees does Hughes Telematics have?
As of Dec 31, 2022, the latest employee count at Hughes Telematics is 517.
What does Hughes Telematics do?
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.
Who are the top competitors of Hughes Telematics?
Hughes Telematics's top competitors include Valens, Transatel and Ethernovia.
Who are Hughes Telematics's investors?
Hughes Telematics has 2 investors. Key investors include Verizon, and Apollo Global Management.
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