About Penten
Penten is a company based in Canberra (Australia) founded in 2014 by Matthew Wilson and Ben Whitham.. Penten has raised $50 million across 2 funding rounds from investors including AustCyber and Five V Capital. Penten offers products and services including AltoCrypt Stik, AltoCrypt Phone, AltoCrypt pBox, HoneyTrace, and Deception.ai. Penten operates in a competitive market with competitors including Vox Mobile, Asqella, Synchrologic, VectoIQ and ProMDM, among others.
- Headquarter Canberra, Australia
- Founders Matthew Wilson, Ben Whitham
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Sectors
Technology
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Email
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Phone
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Website
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Social
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- Legal Name Penten Pty Ltd
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$50 M (USD)
in 2 rounds
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Latest Funding Round
$50 M (USD), Series C
Nov 01, 2021
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Investors
AustCyber
& 1 more
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Employee Count
Employee Count
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Products & Services of Penten
Penten offers a comprehensive portfolio of products and services, including AltoCrypt Stik, AltoCrypt Phone, AltoCrypt pBox, HoneyTrace, and Deception.ai. 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.
Portable device for secure wireless access to classified networks.
Mobile tool disrupting audio and video capture while enabling access.
Compact electronics for on-the-go data protection and cryptography.
AI tool for tracking and alerting on data breaches in real time.
AI-driven system for electronic deception to confuse adversaries.
Platform for realistic cyber training simulations and education.
AI-generated mimics for enhancing asset survivability in warfare.
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Funding Insights of Penten
Penten has successfully raised a total of $50M across 2 strategic funding rounds. The most recent funding activity was a Series C round of $50 million completed in November 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 2
- Last Round Series C — $50.0M
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First Round
First Round
(15 Feb 2020)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2021 | Amount | Series C - Penten | Valuation |
investors |
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| Feb, 2020 | Amount | Grant - Penten | 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 Penten
Penten has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include AustCyber and Five V 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 |
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Private equity investments are made in Australia and New Zealand.
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Founded Year | Domain | Location | |
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A suite of IT services is provided to clients.
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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 Penten
| 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 - Penten
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Penten Comparisons
Competitors of Penten
Penten 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 Vox Mobile, Asqella, Synchrologic, VectoIQ and ProMDM, 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 |
Enterprise mobility management consulting services are provided to businesses.
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| domain | founded_year | HQ Location |
Sub-millimeter/terahertz video cameras are developed for physical security screening.
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| domain | founded_year | HQ Location |
Mobile infrastructure solutions are provided for various applications.
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| domain | founded_year | HQ Location |
Mobility services are provided by VectoIQ in the United States.
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| domain | founded_year | HQ Location |
Offers comprehensive mobility management services for efficient operations.
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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 Penten
Frequently Asked Questions about Penten
When was Penten founded?
Penten was founded in 2014 and raised its 1st funding round 6 years after it was founded.
Where is Penten located?
Penten is headquartered in Canberra, Australia. It is registered at Canberra, Australian Capital Territory, Australia.
Who is the current CEO of Penten?
Matthew Wilson is the current CEO of Penten. They have also founded this company.
Is Penten a funded company?
Penten is a funded company, having raised a total of $50M across 2 funding rounds to date. The company's 1st funding round was a Grant of $3.5M, raised on Feb 15, 2020.
What does Penten do?
Penten was founded in 2014 in Canberra, Australia, as a provider of mobility services. Operations are focused on delivering transportation and related solutions within the mobility sector. Services are extended to clients across Australia, with emphasis placed on reliable infrastructure support. The company is led by co-founders Matthew Wilson, serving as CEO, and Ben Whitham, as director. Geographic activities remain centered in the Australian capital region.
Who are the top competitors of Penten?
Penten's top competitors include Vox Mobile, VectoIQ and Synchrologic.
What products or services does Penten offer?
Penten offers AltoCrypt Stik, AltoCrypt Phone, AltoCrypt pBox, HoneyTrace, and 3 more products and services.
Who are Penten's investors?
Penten has 2 investors. Key investors include AustCyber, and Five V Capital.