About Senet
Senet is a company based in Portsmouth (United States) founded in 2009 was acquired by WESROC Monitoring Solutions in December 2017.. Senet has raised $61.86 million across 8 funding rounds from investors including Harbor Light Capital Partners, Activate Venture Partners and City Light Capital. Senet operates in a competitive market with competitors including The Things Industries, eleven-x, Hivello Holdings, OrbiWise and Everynet, among others.
- Headquarter Portsmouth, United States
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Sectors
Technology
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Phone
*********
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Website
*********
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$61.86 M (USD)
in 8 rounds
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Latest Funding Round
$16 M (USD), Series B
Sep 22, 2020
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Investors
Harbor Light Capital Partners
& 3 more
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Employee Count
Employee Count
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Acquired by
WESROC Monitoring Solutions
(Dec 11, 2017)
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Funding Insights of Senet
Senet has successfully raised a total of $61.86M across 8 strategic funding rounds. The most recent funding activity was a Series B round of $16 million completed in September 2020. 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 8
- Last Round Series B — $16.0M
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First Round
First Round
(01 Aug 2011)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2020 | Amount | Series B - Senet | Valuation |
investors |
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| Mar, 2017 | Amount | Series A - Senet | Valuation |
investors |
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| Oct, 2015 | Amount | Series A - Senet | 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 Senet
Senet has secured backing from 4 investors, including venture fund investors. Prominent investors backing the company include Harbor Light Capital Partners, Activate Venture Partners and City Light 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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Tech & Life Science focused early stage VC firm investing in the US
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Founded Year | Domain | Location | |
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Early-stage venture capital is provided by Activate Venture Partners.
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Founded Year | Domain | Location | |
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Venture capital firm investing in environmental, education & safety care 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 Senet
| 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 - Senet
| 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 |
Senet Comparisons
Competitors of Senet
Senet 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 The Things Industries, eleven-x, Hivello Holdings, OrbiWise and Everynet, 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 |
LoRaWAN network server software and support services are provided.
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| domain | founded_year | HQ Location |
Wireless telecommunications software for IoT connectivity is developed.
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| domain | founded_year | HQ Location |
LoRaWAN technology is developed for decentralized IoT networks.
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| domain | founded_year | HQ Location |
Network software solutions for LoRaWAN-based IoT connectivity are provided.
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| domain | founded_year | HQ Location |
IoT connectivity is enabled via LPWA solutions and LoRaWAN infrastructure.
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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 Senet
Frequently Asked Questions about Senet
When was Senet founded?
Senet was founded in 2009 and raised its 1st funding round 2 years after it was founded.
Where is Senet located?
Senet is headquartered in Portsmouth, United States. It is registered at Portsmouth, Virginia, United States.
Is Senet a funded company?
Senet is a funded company, having raised a total of $61.86M across 8 funding rounds to date. The company's 1st funding round was a Series A of $18M, raised on Aug 01, 2011.
What does Senet do?
Senet was founded in 2009 in Portsmouth, United States, within the IoT sector. Connectivity platforms and business models are supplied to enable deployment of carrier-grade LoRaWAN networks. IoT networks are delivered, with adherence to LoRaWAN standards maintained. Operations focus on low-power wide-area networking for various applications, supporting scalable infrastructure across the region.
Who are the top competitors of Senet?
Senet's top competitors include Hivello Holdings, The Things Industries and SenRa.
Who are Senet's investors?
Senet has 4 investors. Key investors include Harbor Light Capital Partners, Activate Venture Partners, City Light Capital, and Anova.