About Prodea
Prodea is a Technology company based in Richardson (United States) founded in 2006. Cloud-based IoT solutions with monitoring and analytics are provided. It operates in the Technology and Industrial Goods & Manufacturing sectors. Prodea has raised $155.83 million across 5 funding rounds from investors including SWFI. The company has 20 employees. Prodea has completed 1 acquisition, including Arrayent. Its focus areas include High Tech, Digital Twin, Digital Twin Platforms and Products. Its legal entity is PRODEA SYSTEMS, INC. Its competitors include Particle, Hexagon and PTC; 2 of its 3 listed competitors have raised funding.
Company details
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.
- Headquarters Richardson, United States
- Employees 20
- SectorsTechnologyIndustrial Goods & Manufacturing
- Email••••••••
- Website prodea.com
- Social LinkedIn X Facebook
- Legal Name Prodea Systems, Inc.
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 $155.83M
- Total Rounds 5
- Last Round Series D — $100M
- First Round $31.69M
(Nov 2009)
- Investors Count 1
All 5 funding rounds of Prodea 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 |
|---|---|---|---|---|---|
| Apr 2014 | $100M | Series D | – | SWFI | – |
| Jan 2013 | $5.95M | Series C | – | – | – |
| Jul 2011 | $8.18M | Series C | – | – | – |
| Jan 2010 | $10M | Series C | – | – | – |
| Nov 2009 | $31.69M | Series C | – | – | – |
1 investors in total: 1 institutional.
Investors in Prodea
Prodea has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include SWFI.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Professional platform for institutional investor data and global capital research. | 2008 | swfinstitute.org | Las Vegas, United States |
Investor details for Prodea
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Investments & Acquisitions by Prodea
Prodea has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Arrayent.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
M2M platform/cloud device management platform | arrayent.com | Redwood, United States | 2002 | Jul 2017 | •••• |
Complete acquisition details for Prodea
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
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Timeline of Prodea
4 dated milestones of Prodea across 11 years, from founding to its latest funding, stage changes and deals.
- Founded Prodea is founded.
- Funding First funding round of $31.7M.
- Funding Latest funding round, Series D, of $100.0M.
- Acquisition Acquires Arrayent.
Competitors of Prodea
Prodea has 3 listed competitors in our database, 2 of them funded. They include Particle, Hexagon and PTC.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| particle.io | 2011 | San Francisco, United States | $134.87M | 109 | IoT connectivity platform from prototype to production is developed. | |
| pas.com | 1993 | Houston, United States | $40M | 111 | Threat detection and vulnerability assessment for ICS/DCS/SCADA are provided. | |
| ptc.com | 1985 | Boston, United States | 353 | PTC is recognized as a global leader in product lifecycle management software. |
Detailed competitors of Prodea
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Web traffic of Prodea
Websites that share an audience with Prodea (prodea.com).
Websites whose visitors overlap most with Prodea. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| iconosquare.com | 100% | 680.7K | #219,844 | View details | |
| google.com | 60% | 85.8B | #1 | View details | |
istart.webssearches.com | istart.webssearches.com | 60% | – |
Top companies in Digital Twin & Simulation Platforms
3 companies that operate in the same segment as Prodea (Digital Twin & Simulation Platforms) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Provider of AI models to generate and understand interactive 3D environments | 2023 | San Francisco, California, United States | USD 1.23 B | 105 | ||
Provider of cloud and AI-based virtual tour solutions for construction professionals | 2011 | Sunnyvale, California, United States | USD 163.18 M | |||
Construction sites are monitored via AI-powered SaaS technology. | 2017 | San Francisco, California, United States | USD 198.7 M |
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Related news about Prodea
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Frequently Asked Questions about Prodea
Prodea was founded in 2006 and raised its 1st funding round 3 years after it was founded.
Prodea is headquartered in Richardson, United States. It is registered at Richardson, Texas, United States.
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 $31.69M, raised on Nov 2009.
Prodea has 20 employees.
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.
Prodea has made 1 acquisition, including Arrayent.
Prodea has 1 investor. Key investors include SWFI.
Prodea operates through Prodea Systems, Inc..