About Martello Technologies
Martello Technologies is a company based in Ottawa (Canada) founded in 2009.. Martello Technologies has raised $11.25 million across 12 funding rounds from investors including RBC Royal Bank, Wesley Clover and FedDev Ontario. Martello Technologies has completed 3 acquisitions, including Elfiq Networks, GSX Solutions and Savision. Martello Technologies offers products and services including Vantage DX. Martello Technologies operates in a competitive market with competitors including NetScout, Neusoft, Sigma Systems, Synchronoss and Sandvine, among others.
- Headquarter Ottawa, Canada
- Stage Public
-
Sectors
Telecommunications
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Martello Technologies Group, Inc.
-
Annual Revenue
$10.12 M (USD)-7.88as on Mar 31, 2025
-
Net Profit
$-3.97 M (USD)0.83as on Mar 31, 2025
-
EBITDA
$-1.68 M (USD)-34.49as on Mar 31, 2025
-
Total Equity Funding
$11.25 M (USD)
in 12 rounds
-
Latest Funding Round
$1.4 M (USD), Post-IPO
Mar 07, 2025
-
Investors
RBC Royal Bank
& 2 more
-
Employee Count
Employee Count
-
Investments & Acquisitions
Elfiq Networks
& 2 more
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
IPO & Listings of Martello Technologies
Martello Technologies is a publicly listed company on the TSXV with ticker symbol MTLO in Canada, operating in the Technology services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Martello Technologies
Martello Technologies offers a comprehensive portfolio of products and services, including Vantage DX. 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.
Proactive tool for detecting and resolving Microsoft Teams issues.
Unlock access to complete
Unlock access to complete
Funding Insights of Martello Technologies
Martello Technologies has successfully raised a total of $11.25M across 12 strategic funding rounds. The most recent funding activity was a Post-IPO round of $1.4 million completed in March 2025. 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 12
- Last Round Post-IPO — $1.4M
-
First Round
First Round
(10 Sep 2014)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2025 | Amount | Post-IPO - Martello Technologies | Valuation |
investors |
|
| Mar, 2024 | Amount | Post-IPO - Martello Technologies | Valuation |
investors |
|
| Dec, 2023 | Amount | Post-IPO - Martello Technologies | 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 Martello Technologies
Martello Technologies has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include RBC Royal Bank, Wesley Clover and FedDev Ontario. 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 |
|---|---|---|---|---|
|
Investment management firm investing in startups and established companies
|
Founded Year | Domain | Location | |
|
It serves as a government backed investment fund focused on the economic growth of southern ontorio.
|
Founded Year | Domain | Location | |
|
Commercial banking services are provided to businesses and individuals.
|
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 Martello Technologies
Martello Technologies has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Elfiq Networks, GSX Solutions and Savision. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
IT infrastructure services are monitored through a dedicated platform.
|
2006 | ||||
|
Network performance is enhanced via link balancing and SD-WAN solutions.
|
2004 | ||||
|
Server monitoring, reporting, and management services are provided.
|
1996 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
OVO is recognized as a smart digital payment application.
|
2017 | ||||
|
Bionic investment advisor platform
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - Martello Technologies
| 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 |
Martello Technologies Comparisons
Competitors of Martello Technologies
Martello Technologies 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 NetScout, Neusoft, Sigma Systems, Synchronoss and Sandvine, 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 visual tools for network performance management are provided.
|
|
| domain | founded_year | HQ Location |
IT solutions and services are provided to multiple industries.
|
|
| domain | founded_year | HQ Location |
Product, order management, and network provisioning solutions are provided.
|
|
| domain | founded_year | HQ Location |
SaaS-based platform providing subscriber analytics, network asset management, and cloud services
|
|
| domain | founded_year | HQ Location |
Network policy control products are provided for broadband service providers.
|
|
| domain | founded_year | HQ Location |
Network testing platform is utilized for visibility and outage prevention.
|
| 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 Martello Technologies
Frequently Asked Questions about Martello Technologies
When was Martello Technologies founded?
Martello Technologies was founded in 2009 and raised its 1st funding round 5 years after it was founded.
Where is Martello Technologies located?
Martello Technologies is headquartered in Ottawa, Canada. It is registered at Ottawa, Ontario, Canada.
Is Martello Technologies a funded company?
Martello Technologies is a funded company, having raised a total of $11.25M across 12 funding rounds to date.
What is the annual revenue of Martello Technologies?
Annual revenue of Martello Technologies is $10.12M as on Mar 31, 2025.
What does Martello Technologies do?
Martello Technologies was founded in 2009 in Ottawa, Canada, and operates in the telecommunications and IT sector. Cloud-based and on-premise solutions for fault and performance management are offered, including Mitel Performance Analytics for monitoring network performance. Martello Vantage is utilized to assess network readiness for unified communications prior to deployment. UCScore is employed to establish stable UC network foundations, mitigating issues like echo, delay, and jitter from overcapacities.
Who are the top competitors of Martello Technologies?
What products or services does Martello Technologies offer?
Martello Technologies offers Vantage DX.
Is Martello Technologies publicly traded?
Yes, Martello Technologies is publicly traded on TSXV under the ticker symbol MTLO.
How many acquisitions has Martello Technologies made?
Martello Technologies has made 3 acquisitions, including Elfiq Networks, GSX Solutions, and Savision.
Who are Martello Technologies's investors?
Martello Technologies has 3 investors. Key investors include RBC Royal Bank, Wesley Clover, and FedDev Ontario.
What is Martello Technologies's ticker symbol?
The ticker symbol of Martello Technologies is MTLO on TSXV.