About RigNet
RigNet is a company based in Houston (United States) founded in 2001 was acquired by ViaSat in December 2020.. RigNet has raised $10 million across 3 funding rounds from investors including ViaSat, HitecVision and Houston Ventures. The company has 295 employees as of December 31, 2022. RigNet has completed 7 acquisitions, including Automation Communications Engineering Corporation, Cyphre and DTS. RigNet offers products and services including Managed Communications, IIoT and Apps, Cybersecurity and Encryption, and Data and AI Systems. RigNet operates in a competitive market with competitors including AspenTech, Aker Solutions, CSE Global, ComboCurve and SitePro, among others.
- Headquarter Houston, United States
- Employees 295 as on 31 Dec, 2022
- Stage Public
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Sectors
Energy & Utilities
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Rignet, Inc.
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Annual Revenue
$207.92 M-14as on Dec 31, 2020
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Net Profit
$-45.53 M-142as on Dec 31, 2020
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EBITDA
$-6.88 M-124as on Dec 31, 2020
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Total Equity Funding
$10 M (USD)
in 3 rounds
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Latest Funding Round
$6 M (USD), Series C
Jul 05, 2005
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Investors
ViaSat
& 2 more
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Employee Count
295
as on Dec 31, 2022
- Investments & Acquisitions
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Acquired by
ViaSat
(Dec 21, 2020)
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Products & Services of RigNet
RigNet offers a comprehensive portfolio of products and services, including Managed Communications, IIoT and Apps, Cybersecurity and Encryption, and Data and AI Systems. 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.
Provides secure and reliable communications for remote sites.
Enables data collection and analytics for industrial assets.
Offers protection against threats for operational data.
Delivers machine learning for real-time operational insights.
Unlock access to complete
Leadership Team
5 people
Finance and Accounting
3 people
Legal and Compliance
2 people
Sales and Marketing
1 people
Human Resources and Administration
1 people
Software Development Team
1 people
Product Management Team
1 people
Operations Team
1 people
Unlock access to complete
Funding Insights of RigNet
RigNet has successfully raised a total of $10M across 3 strategic funding rounds. The most recent funding activity was a Series C round of $6 million completed in July 2005. 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 3
- Last Round Series C — $6.0M
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First Round
First Round
(01 Jun 2002)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2005 | Amount | Series C - RigNet | Valuation |
investors |
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| Jun, 2004 | Amount | Series B - RigNet | Valuation |
investors |
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| Jun, 2002 | Amount | Series A - RigNet | 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 RigNet
RigNet has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include ViaSat, HitecVision and Houston Ventures. 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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HitecVision is focused on investments in the European energy sector.
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location | |
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Satellite-based communication services are provided to diverse business 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 RigNet
RigNet has strategically engaged in corporate development activities, having acquired 7 companies. Notable acquisitions include Automation Communications Engineering Corporation, Cyphre and DTS. 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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Encryption gateway based cloud data security and encrypted file sharing service
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2014 | ||||
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Data analytics platform for energy industry is provided.
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2008 | ||||
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Communication and information technology services are provided by DTS.
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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 - RigNet
| 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 |
Rignet Comparisons
Competitors of RigNet
RigNet 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 AspenTech, Aker Solutions, CSE Global, ComboCurve and SitePro, 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 |
AI-based software for manufacturing process optimization is offered.
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| domain | founded_year | HQ Location |
Diversified solutions for oil and gas operations are provided worldwide.
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| domain | founded_year | HQ Location |
System integration and automation solutions are provided for industrial applications.
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| domain | founded_year | HQ Location |
Cloud-based solutions for oil and gas operations are provided.
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| domain | founded_year | HQ Location |
Provider of cloud-based software solutions for water and wastewater management
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 Rignet
Frequently Asked Questions about RigNet
When was RigNet founded?
RigNet was founded in 2001 and raised its 1st funding round 1 year after it was founded.
Where is RigNet located?
RigNet is headquartered in Houston, United States. It is registered at Houston, Texas, United States.
Is RigNet a funded company?
RigNet is a funded company, having raised a total of $10M across 3 funding rounds to date. The company's 1st funding round was a Series A of $4M, raised on Jun 01, 2002.
How many employees does RigNet have?
As of Dec 31, 2022, the latest employee count at RigNet is 295.
What is the annual revenue of RigNet?
Annual revenue of RigNet is $207.92M as on Dec 31, 2020.
What does RigNet do?
RigNet was founded in 2001 and is headquartered in Houston, United States. Managed remote communications, telecoms systems integration, and collaborative applications are offered by the company, with a focus on the oil and gas sector. Services target offshore and onshore drilling rigs, offshore production facilities, and energy maritime vessels, supporting operations in remote environments.
Who are the top competitors of RigNet?
RigNet's top competitors include AspenTech, SitePro and CSE Global.
What products or services does RigNet offer?
RigNet offers Managed Communications, IIoT and Apps, Cybersecurity and Encryption, and Data and AI Systems.
How many acquisitions has RigNet made?
RigNet has made 7 acquisitions, including Automation Communications Engineering Corporation, Cyphre, and DTS.
Who are RigNet's investors?
RigNet has 3 investors. Key investors include ViaSat, HitecVision, and Houston Ventures.