About iWire Connect
iWire Connect is a company based in Dubai (United Arab Emirates) founded in 2018 by Vyomesh Thakkar, Ahmed Fasih Akhtar, Vyomesh Thakker, and Firoz Karumannil.. iWire Connect has raised $34 million across 1 funding round from investors including Bpifrance and Noor Capital. iWire Connect offers products and services including Sigfox Network and Digital Transformation Services. iWire Connect operates in a competitive market with competitors including Sigfox, Thinxtra, WND, Xperanti and Engie M2M, among others.
- Headquarter Dubai, United Arab Emirates
- Founders Vyomesh Thakkar, Ahmed Fasih Akhtar, Vyomesh Thakker, Firoz Karumannil
-
Sectors
Technology
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Iwire Connect L.L.C.
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Total Equity Funding
$34 M (USD)
in 1 rounds
-
Latest Funding Round
$34 M (USD), Series A
Jun 29, 2021
-
Investors
Bpifrance
& 1 more
-
Employee Count
Employee Count
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
Products & Services of iWire Connect
iWire Connect offers a comprehensive portfolio of products and services, including Sigfox Network and Digital Transformation Services. 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.
Provides global network for low-energy IoT device connectivity.
Offers solutions for enterprise automation and data analytics.
Funding Insights of iWire Connect
iWire Connect has successfully raised a total of $34M through 1 strategic funding round. The most recent funding activity was a Series A round of $34 million completed in June 2021. 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 1
- Last Round Series A — $34.0M
-
First Round
First Round
(29 Jun 2021)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2021 | Amount | Series A - iWire Connect | Valuation | Noor Capital |
| 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 iWire Connect
iWire Connect has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Bpifrance and Noor 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 |
|---|---|---|---|---|
|
Noor Capital is recognized as a regulated Forex and investment brokerage firm based in Dubai.
|
Founded Year | Domain | Location | |
|
Corporate consultancy, advisory, and funding services are provided to businesses.
|
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 iWire Connect
| 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 - iWire Connect
| 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 |
Iwire Connect Comparisons
Competitors of iWire Connect
iWire Connect 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 Sigfox, Thinxtra, WND, Xperanti and Engie M2M, 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 |
Wireless connectivity solutions for IoT and M2M devices are provided.
|
|
| domain | founded_year | HQ Location |
Provides network solutions for IOT Applications in Australia and New Zealand
|
|
| domain | founded_year | HQ Location |
Provider of a solution to deploy and manage Sigfox Network
|
|
| domain | founded_year | HQ Location |
Offers IoT solutions for smart cities, facilities, agriculture, and resource monitoring.
|
|
| domain | founded_year | HQ Location |
Sigfox network operations are authorized and managed by Engie M2M.
|
| 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 Iwire Connect
Frequently Asked Questions about iWire Connect
When was iWire Connect founded?
iWire Connect was founded in 2018 and raised its 1st funding round 3 years after it was founded.
Where is iWire Connect located?
iWire Connect is headquartered in Dubai, United Arab Emirates. It is registered at Dubai, Dubai, United Arab Emirates.
Who is the current CEO of iWire Connect?
Ahmed Fasih Akhtar is the current CEO of iWire Connect. They have also founded this company.
Is iWire Connect a funded company?
iWire Connect is a funded company, having raised a total of $34M across 1 funding round to date. The company's 1st funding round was a Series A of $34M, raised on Jun 29, 2021.
What does iWire Connect do?
iWire Connect was established in 2018 in Dubai, United Arab Emirates. Sigfox-based connectivity solutions for IoT are delivered, with focus on network deployment in the Middle East, particularly UAE. Ecosystem development and support channels are maintained to serve sectors including agriculture, industries, smart homes, logistics, smart buildings, smart cities, and utilities. Partnerships with entities such as Siemens, Sigfox, Microsoft, TSME, and Flashnet are utilized.
Who are the top competitors of iWire Connect?
What products or services does iWire Connect offer?
iWire Connect offers Sigfox Network and Digital Transformation Services.
Who are iWire Connect's investors?
iWire Connect has 2 investors. Key investors include Bpifrance, and Noor Capital.