About Openet
Openet is a Telecommunications company based in Dublin (Ireland) founded in 1999, and was acquired by Amdocs in July 2020. Cloud-based digital services are provided to telecom providers. Openet has raised $61.5 million across 5 funding rounds from investors including Amdocs, Orange and Enterprise Ireland. Its focus areas include Telecom, OSS & BSS, Suite and Digital Services Platform.
Company details
Openet was founded in 1999 in Dublin, Ireland, and operates within the telecommunications sector. Cloud-based platforms are offered to service providers, enabling control and monetization of network resources and services. The portfolio includes digital OSSBSS solutions, 5G technology, real-time data management via data fabric, and policy, charging, and mediation tools. Consulting services are also provided to clients such as BT, Orange, Telia, and Bell across various regions.
- Headquarters Dublin, Ireland
- Stage Acquired
- SectorsTelecommunications
- Email••••••••
- Website openet.com
- Social LinkedIn X Facebook
- Acquired by Amdocs (Jul 2020)
Funding Insights of Openet
Openet has successfully raised a total of $61.5M across 5 strategic funding rounds. The most recent funding activity was a Series D round of $16 million completed in June 2012. 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 $61.5M
- Total Rounds 5
- Last Round Series D — $16M
- First Round $20M
(Nov 2001)
- Investors Count 8
All 5 funding rounds of Openet with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun 2012 | $5M | Debt – Conventional | – | – | |
| Jun 2012 | $16M | Series D | – | Nippon Steel & Sumitomo Metal | |
| Feb 2010 | $10.5M | Series C | – | Cross Atlantic Capital Partners | |
| Nov 2002 | $15M | Series C | – | SAIC Capital | |
| Nov 2001 | $20M | Series B | – | Balderton Capital | – |
9 investors in total: 9 institutional.
Investors in Openet
Openet has secured backing from 9 investors, including venture fund and institutional investors. Prominent investors backing the company include Amdocs, Orange and Enterprise Ireland.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Multistage venture capital investments are focused on technology sectors. | 2000 | balderton.com | London, United Kingdom | |
Investments are made in early to mid-stage US companies. | xacp.com | Radnor, United States | ||
Venture debt is provided to growth-stage companies across multiple sectors. | 1998 | kreoscapital.com | London, United Kingdom | |
Venture capital firm focused on big data, IoT, and human machine | saicvc.com | Menlo Park, United States | ||
| nssmc.com | ||||
PE and VC fund focused on fintech, Adtech, gaming, eCommerce, and multiple sectors | softbank.com | Newton, United States | ||
Support is provided to Irish manufacturing and service sector businesses. | 1998 | enterprise-ireland.com | Dublin, Ireland | |
Orange is recognized as a global telecommunications and technology provider. | 1988 | orange.com | Paris, France | |
Cloud-based OSS and BSS solutions are provided to communications providers. | 1982 | amdocs.com | Chesterfield, United States |
Investor details for Openet
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Timeline of Openet
4 dated milestones of Openet across 21 years, from founding to its latest funding, stage changes and deals.
- Founded Openet is founded.
- Funding First funding round of $20.0M.
- Funding Latest funding round, Series D, of $16.0M.
- Exit Acquired by Amdocs.
Web traffic of Openet
Websites that share an audience with Openet (openet.com).
Websites whose visitors overlap most with Openet. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| comverse.com | 100% | View details | |||
| alcatel-lucent.com | 91% | 44.3K | #657,260 | View details | |
heavyreading.com | heavyreading.com | 86% | – | ||
| interdigital.com | 82% | 18.5K | View details | ||
| juno.com | 82% | 6.4M | #8,215 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 16 similar websites and full traffic analytics for Openet
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- 16 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
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Related news about Openet
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Frequently Asked Questions about Openet
Openet was founded in 1999 and raised its 1st funding round 2 years after it was founded.
Openet is headquartered in Dublin, Ireland.
Openet is a funded company, having raised a total of $61.5M across 5 funding rounds to date. The company's 1st funding round was a Series B of $20M, raised on Nov 2001.
Openet was founded in 1999 in Dublin, Ireland, and operates within the telecommunications sector. Cloud-based platforms are offered to service providers, enabling control and monetization of network resources and services. The portfolio includes digital OSSBSS solutions, 5G technology, real-time data management via data fabric, and policy, charging, and mediation tools. Consulting services are also provided to clients such as BT, Orange, Telia, and Bell across various regions.
Openet has 9 investors. Key investors include Amdocs, Orange, Enterprise Ireland, Kreos Capital, and Balderton Capital.
Yes. Openet was acquired by Amdocs in July 2020.