About iPass
iPass is a company based in Redwood City (United States) founded in 1996 was acquired by Pareteum in November 2018.. The company has 21 employees as of April 07, 2024. iPass offers products and services including Wi-Fi Switching Technology. iPass operates in a competitive market with competitors including Helium, iBUS, Boingo Wireless, TP-Link and WeLink, among others.
- Headquarter Redwood City, United States
- Employees 21 as on 07 Apr, 2024
- Stage Public
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Sectors
Telecommunications
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Ipass India Private Limited
- Date of Incorporation 21 Dec, 2000
- Jurisdiction Bangalore, Karnataka, India
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Annual Revenue
$3.37 M (USD)7.35as on Mar 31, 2018
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Net Profit
$310.08 K (USD)7.99as on Mar 31, 2018
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EBITDA
$735.52 K (USD)4.75as on Mar 31, 2018
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Latest Funding Round
$20 M (USD), Debt – Conventional
Jun 19, 2018
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Investors
Accel
& 2 more
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Employee Count
21
as on Apr 07, 2024
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Acquired by
Pareteum
(Nov 12, 2018)
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Products & Services of iPass
iPass offers a comprehensive portfolio of products and services, including Wi-Fi Switching Technology. 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.
System for automatic free Wi-Fi switching and data offload.
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Funding Insights of iPass
- Total Funding Total Funding
- Total Rounds 2
- Last Round Debt – Conventional — $20.0M
- First Round First Round
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2018 | Amount | Debt – Conventional - iPass | Valuation |
investors |
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| Jun, 1996 | Amount | Series B - iPass | 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 iPass
iPass has secured backing from 3 investors, including institutional and venture fund investors. Prominent investors backing the company include Accel, Fortress Investment and Pareteum. 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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Accel is recognized as a leading venture capital firm.
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Founded Year | Domain | Location | |
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Provider of credit, private equity, and capital investment services
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Founded Year | Domain | Location | |
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Software-defined cloud platform and MVNE services provider
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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 iPass
| 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 - iPass
| 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 |
Ipass Comparisons
Competitors of iPass
iPass 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 Helium, iBUS, Boingo Wireless, TP-Link and WeLink, 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 |
Cryptocurrency mining hardware is provided, connecting low-powered devices to gateways.
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| domain | founded_year | HQ Location |
Provider of digital infrastructure and connectivity solutions for businesses and institutions
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| domain | founded_year | HQ Location |
Wireless WiFi internet services are provided to users worldwide.
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| domain | founded_year | HQ Location |
Networking devices and accessories are manufactured for various users.
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| domain | founded_year | HQ Location |
Internet services are provided by WeLink in the United States.
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| domain | founded_year | HQ Location |
App for quickly connecting to wifi hotspots without a password
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 Ipass
Frequently Asked Questions about iPass
When was iPass founded?
iPass was founded in 1996.
Where is iPass located?
iPass is headquartered in Redwood City, United States. It is registered at Redwood City, California, United States.
Who is the current CEO of iPass?
Gary Griffiths is the current CEO of iPass.
How many employees does iPass have?
As of Apr 07, 2024, the latest employee count at iPass is 21.
What is the annual revenue of iPass?
Annual revenue of iPass is $3.37M as on Mar 31, 2018.
What does iPass do?
iPass was founded in 1996 in Redwood City, United States, as a provider in the telecommunications sector focused on Wi-Fi connectivity. Secure access to hotspots is delivered through a SaaS platform, covering fifty million locations across more than 100 countries. Unlimited devices are supported, with connections facilitated by a downloadable app and patented SmartConnect technology that selects optimal hotspots automatically.
Who are the top competitors of iPass?
iPass's top competitors include iBUS, Helium and Boingo Wireless.
What products or services does iPass offer?
iPass offers Wi-Fi Switching Technology.
Who are iPass's investors?
iPass has 3 investors. Key investors include Accel, Fortress Investment, and Pareteum.