About Promatory Communications
Promatory Communications is a company based in Fremont (United States) founded in 1996 was acquired by Nortel Networks in March 2000. It operates as a B2B. Promatory Communications has raised $25 million across 1 funding round from investors including Nortel Networks, Meritech Capital and Brentwood Associates. Promatory Communications operates in a competitive market with competitors including DAGAZ Technologies and Teleco, among others.
- Headquarter Fremont, United States
- SectorsTelecommunications
- Website promatory.com
- Acquired by Nortel Networks (Mar 2000)
- Total Equity Funding$25M (USD)
in 1 rounds
- Latest Funding Round$25M (USD), Series B
Aug 1999
- InvestorsNortel Networks
& 6 more
- Acquired byNortel Networks
(Mar 2000)
Funding Insights of Promatory Communications
Promatory Communications has successfully raised a total of $25M through 1 strategic funding round. The most recent funding activity was a Series B round of $25 million completed in August 1999. 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 $25M
- Total Rounds 1
- Last Round Series B — $25M
- First Round $25M
(Aug 1999)
- Investors Count 6
All 1 funding rounds of Promatory Communications 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 |
|---|---|---|---|---|---|
| Aug 1999 | $25M | Series B | – | Meritech |
7 investors in total: 7 institutional.
Investors in Promatory Communications
Promatory Communications has secured backing from 7 investors, including venture fund investors. Prominent investors backing the company include Nortel Networks, Meritech Capital and Brentwood Associates.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Private equity investments are directed toward US-based companies. | – | meritechcapital.com | Palo Alto, United States | |
Brentwood Associates is engaged in growth-oriented private equity investments. | – | brentwood.com | Los Angeles, United States | |
Growth in technology companies is supported through venture capital. | – | ivp.com | Menlo Park, United States | |
VC firm investing globally in early & expansion stage companies | – | waldenintl.com | San Francisco, United States | |
Generation Partners is engaged in private equity and growth investments. | 1995 | generation.com | Greenwich, United States | |
Private equity firm | – | telesoftvc.com | San Francisco, United States | |
Business strategy, technology, networking, and consulting services are provided. | 1914 | nortelnetworks.com | Brampton, Canada |
Investor details for Promatory Communications
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Timeline of Promatory Communications
3 dated milestones of Promatory Communications across 4 years, from founding to its latest funding, stage changes and deals.
- Founded Promatory Communications is founded.
- Funding First funding round of $25.0M.
- Exit Acquired by Nortel Networks.
Competitors of Promatory Communications
Promatory Communications 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 DAGAZ Technologies and Teleco, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| dagaztech.com | 1997 | Bridgewater, United States | – | – | Technology solutions for enhancing copper wire data capacity are provided. | |
| telecospa.it | 1958 | Trezzano Sul Naviglio, Italy | – | – | Offers data transmission systems, engineering, and network accessories for telecom. |
Detailed competitors of Promatory Communications
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Similar companies to Promatory Communications
10 companies that operate in the same segment as Promatory Communications (Telecom Infrastructure), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
IP networks and VoIP telephony are provided to wholesale customers. | 1998 | London, England, United Kingdom | USD 15 M | USD 1.73 B | – | |
Mobile tower infrastructure is provided for telecommunications networks. | 2001 | Lagos, Lagos State, Nigeria | USD 445 M | USD 1.58 B | 2,860 | |
Cables and components for telecommunication infrastructure are supplied. | 1902 | St. Louis, Missouri, United States | – | USD 2.72 B | 7,500 | |
Integrated manufacturing services provider for diverse markets | 1919 | London, England, United Kingdom | – | USD 1.23 B | 7,125 | |
Cables and wires are supplied by Nexans for diverse industries. | 1999 | Courbevoie, Hauts-de-seine, France | – | USD 9.18 B | 28,460 | |
Hardware and software solutions for telecommunications are provided by Nokia. | 1865 | United States | – | USD 23.37 B | – | |
Wholesale connectivity and data center services provider | 2007 | Lagos, Lagos State, Nigeria | USD 30 M | – | – | |
Communications infrastructure is owned, operated, and leased to carriers. | 2014 | Boca Raton, Florida, United States | USD 730 M | – | – | |
Integrated telecommunication services are provided across the Philippines. | 1928 | Makati, National Capital Region, Philippines | – | USD 3.7 B | – | |
Satellite telecommunication infrastructure services are provided globally. | 1964 | Mclean, Virginia, United States | – | USD 90.77 K | – |
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Frequently Asked Questions about Promatory Communications
Promatory Communications was founded in 1996 and raised its 1st funding round 3 years after it was founded.
Promatory Communications is headquartered in Fremont, United States. It is registered at Fremont, California, United States.
Promatory Communications is a funded company, having raised a total of $25M across 1 funding round to date. The company's 1st funding round was a Series B of $25M, raised on Aug 1999.
Promatory Communications provides a dsl aggregation platform for telecommunications services, focusing on providing telecom services, network services, platform provision, and dsl aggregation. It serves clients with dedicated solutions, emphasizing quality, innovation, and sustainable growth in its core markets. It continues to evolve, meeting industry challenges with strategic approaches.
Promatory Communications's top competitors include DAGAZ Technologies and Teleco.
Promatory Communications has 7 investors. Key investors include Nortel Networks, Meritech Capital, Brentwood Associates, IVP, and Walden International.
Yes. Promatory Communications was acquired by Nortel Networks in March 2000.