About Openet
Openet is a company based in Dublin (Ireland) founded in 1999 was acquired by Amdocs in July 2020.. Openet has raised $61.5 million across 5 funding rounds from investors including Amdocs, Orange and Enterprise Ireland. Openet operates in a competitive market with competitors including LotusFlare, Intense Technologies, Ready, UXP Systems and Kinimovil, among others.
- Headquarter Dublin, Ireland
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Sectors
Telecommunications
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Email
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Phone
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Website
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Social
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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 Total Funding
- Total Rounds 5
- Last Round Series D — $16.0M
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First Round
First Round
(23 Nov 2001)
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2012 | Amount | Debt – Conventional - Openet | Valuation |
investors |
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| Jun, 2012 | Amount | Series D - Openet | Valuation | Nippon Steel & Sumitomo Metal | |
| Feb, 2010 | Amount | Series C - Openet | Valuation | Cross Atlantic Capital Partners |
| 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 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. 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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Multistage venture capital investments are focused on technology sectors.
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Founded Year | Domain | Location | |
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Investments are made in early to mid-stage US companies.
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Founded Year | Domain | Location | |
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Venture debt is provided to growth-stage companies across multiple sectors.
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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 Openet
| 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 - Openet
| 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 |
Openet Comparisons
Competitors of Openet
Openet 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 LotusFlare, Intense Technologies, Ready, UXP Systems and Kinimovil, 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.
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| domain | founded_year | HQ Location |
End-to-end OSS BSS solutions for MNOs MVNOs
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| domain | founded_year | HQ Location |
Customer-centric processes are digitalized via UniServe platform enhancements.
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| domain | founded_year | HQ Location |
A utility intelligence platform is provided for infrastructure management.
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| domain | founded_year | HQ Location |
Digital user lifecycle management solutions are provided to service providers.
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| domain | founded_year | HQ Location |
Offers carrier billing and mobile content monetization through operator partnerships.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Openet
Frequently Asked Questions about Openet
When was Openet founded?
Openet was founded in 1999 and raised its 1st funding round 2 years after it was founded.
Where is Openet located?
Openet is headquartered in Dublin, Ireland.
Is Openet a funded company?
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 C of $10.5M, raised on Nov 23, 2001.
What does Openet do?
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.
Who are the top competitors of Openet?
Openet's top competitors include LotusFlare, Intense Technologies and Ready.
Who are Openet's investors?
Openet has 9 investors. Key investors include Amdocs, Orange, Enterprise Ireland, Kreos Capital, and Balderton Capital.
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