About In Motion Technology
In Motion Technology is a company based in New Westminster (Canada) founded in 2002 was acquired by Sierra Wireless in January 2014.. In Motion Technology has raised $5.64 million across 2 funding rounds from investors including Sierra Wireless, BC Discovery Fund and Discovery Capital. The company has 15 employees as of December 31, 2024. In Motion Technology operates in a competitive market with competitors including Cradlepoint, Aeris, Electric Imp, Actility and Ondas Networks, among others.
- Headquarter New Westminster, Canada
- Employees 15 as on 31 Dec, 2024
-
Sectors
Technology
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Total Equity Funding
$5.64 M (USD)
in 2 rounds
-
Latest Funding Round
$4.7 M (USD), Series A
Nov 20, 2009
-
Investors
Sierra Wireless
& 2 more
-
Employee Count
15
as on Dec 31, 2024
-
Acquired by
Sierra Wireless
(Jan 26, 2014)
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Funding Insights of In Motion Technology
In Motion Technology has successfully raised a total of $5.64M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $4.7 million completed in November 2009. 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 2
- Last Round Series A — $4.7M
-
First Round
First Round
(01 Jan 2005)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2009 | Amount | Series A - In Motion Technology | Valuation |
investors |
|
| Jan, 2005 | Amount | Seed - In Motion Technology | 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 In Motion Technology
In Motion Technology has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include Sierra Wireless, BC Discovery Fund and Discovery 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 |
|---|---|---|---|---|
|
Investments are focused on Canadian tech and energy companies.
|
Founded Year | Domain | Location | |
|
Early stage VC firm investing in the US
|
Founded Year | Domain | Location | |
|
Provider of communication modules for IoT applications
|
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 In Motion Technology
| 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 |
Financial Statements - In Motion Technology
| 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 |
In Motion Technology Comparisons
Competitors of In Motion Technology
In Motion Technology 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, Aeris, Electric Imp, Actility and Ondas 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 network infrastructure for IoT applications is provided.
|
|
| domain | founded_year | HQ Location |
Secure, scalable IoT solutions are provided for diverse industries.
|
|
| domain | founded_year | HQ Location |
Connectivity through embedded hardware and software platform
|
|
| domain | founded_year | HQ Location |
Platform for IoT deployments and network connectivity management is provided.
|
|
| domain | founded_year | HQ Location |
Broadband communication technologies for IoT are developed and deployed.
|
|
| domain | founded_year | HQ Location |
Universal remote control solutions for IoT devices are provided.
|
| 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 In Motion Technology
Frequently Asked Questions about In Motion Technology
When was In Motion Technology founded?
In Motion Technology was founded in 2002 and raised its 1st funding round 3 years after it was founded.
Where is In Motion Technology located?
In Motion Technology is headquartered in New Westminster, Canada. It is registered at New Westminster, British Columbia, Canada.
Is In Motion Technology a funded company?
In Motion Technology is a funded company, having raised a total of $5.64M across 2 funding rounds to date. The company's 1st funding round was a Seed of $939K, raised on Jan 01, 2005.
How many employees does In Motion Technology have?
As of Dec 31, 2024, the latest employee count at In Motion Technology is 15.
What does In Motion Technology do?
The company was founded in 2002 in New Westminster, Canada, focusing on wireless communication technology for mission-critical environments. An application suite and management platform were developed to enhance situational awareness. Wireless hotspot solutions are offered through the onBoard Mobile Gateway device, enabling connections for in-vehicle and mobile devices to extend corporate networks. Acquisition by Sierra Wireless occurred in March 2014.
Who are the top competitors of In Motion Technology?
In Motion Technology's top competitors include Cradlepoint, Hologram and Celona.
Who are In Motion Technology's investors?
In Motion Technology has 3 investors. Key investors include Sierra Wireless, BC Discovery Fund, and Discovery Capital.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.