About Prodea
Prodea is a company based in Richardson (United States) founded in 2006.. Prodea has raised $155.83 million across 5 funding rounds from investors including SWFI. The company has 20 employees as of December 31, 2022. Prodea has completed 1 acquisition, including Arrayent. Prodea operates in a competitive market with competitors including Particle, Hexagon, PTC, Software AG and Relayr, among others.
- Headquarter Richardson, United States
- Employees 20 as on 31 Dec, 2022
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Sectors
TechnologyIndustrial Goods & Manufacturing
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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 Prodea Systems, Inc.
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Funding Insights of Prodea
Prodea has successfully raised a total of $155.83M across 5 strategic funding rounds. The most recent funding activity was a Series D round of $100 million completed in April 2014. 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 — $100.0M
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First Round
First Round
(13 Nov 2009)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Apr, 2014 | Amount | Series D - Prodea | Valuation | SWFI |
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| Jan, 2013 | Amount | Series C - Prodea | Valuation |
investors |
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| Jul, 2011 | Amount | Series C - Prodea | Valuation |
investors |
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| 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 Prodea
Prodea has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include SWFI. 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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Professional platform for institutional investor data and global capital research.
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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 Prodea
Prodea has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Arrayent. 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 |
|---|---|---|---|---|---|
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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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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M2M platform/cloud device management platform
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2002 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Prodea
| 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 |
Prodea Comparisons
Competitors of Prodea
Prodea 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 Particle, Hexagon, PTC, Software AG and Relayr, 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 |
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| domain | founded_year | HQ Location |
IoT connectivity platform from prototype to production is developed.
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| domain | founded_year | HQ Location |
Threat detection and vulnerability assessment for ICS/DCS/SCADA are provided.
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| domain | founded_year | HQ Location |
PTC is recognized as a global leader in product lifecycle management software.
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| domain | founded_year | HQ Location |
Provider of data integration, application modernization, and digital transformation solutions
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| domain | founded_year | HQ Location |
Middleware and IoT solutions are provided for enterprise digital transformation.
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| domain | founded_year | HQ Location |
AI-based software for production data analysis and collaboration is provided.
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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 Prodea
Frequently Asked Questions about Prodea
When was Prodea founded?
Prodea was founded in 2006 and raised its 1st funding round 3 years after it was founded.
Where is Prodea located?
Prodea is headquartered in Richardson, United States. It is registered at Richardson, Texas, United States.
Is Prodea a funded company?
Prodea is a funded company, having raised a total of $155.83M across 5 funding rounds to date. The company's 1st funding round was a Series C of $8.18M, raised on Nov 13, 2009.
How many employees does Prodea have?
As of Dec 31, 2022, the latest employee count at Prodea is 20.
What does Prodea do?
Prodea provides cloud-based solutions for IoT applications. Provides real-time performance monitoring, data intelligence, predictive analytics solutions and enables service operators, enterprises, manufacturers, governments to add white-label IoT services top their existing offerings. Offers IoT Service X-Change Platform for launching connected products with services, to gain key insights from user product usage data and to enhance product value through cloud-to-cloud integration. Has use cases across smart home, smart city, security, digital health, energy, e-government, and other industries.
Who are the top competitors of Prodea?
Prodea's top competitors include Particle, Software AG and Cognite.
How many acquisitions has Prodea made?
Prodea has made 1 acquisition, including Arrayent.
Who are Prodea's investors?
Prodea has 1 investor. Key investors include SWFI.
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