About Sierra Wireless
Sierra Wireless is a company based in Richmond (Canada) founded in 1993 was acquired by Semtech in August 2022.. The company has 127 employees as of April 06, 2024. Sierra Wireless has completed 11 acquisitions, including AirPrime, Flowthings.io and In Motion Technology. Sierra Wireless offers products and services including AirVantage Smart Connectivity, IoT Modules, and Router Solutions. Sierra Wireless operates in a competitive market with competitors including Qualcomm, U-blox, Truphone, Platform9 Systems and MaxLinear, among others.
- Headquarter Richmond, Canada
- Employees 127 as on 06 Apr, 2024
- Stage Public
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Sectors
Technology
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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 Sierra Wireless India Private Limited
- Date of Incorporation 25 May, 2022
- Jurisdiction Pune, Maharashtra, India
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Annual Revenue
$5.76 M (USD)0as on Mar 31, 2023
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Net Profit
$556.51 K (USD)0as on Mar 31, 2023
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EBITDA
$1.08 M (USD)0as on Mar 31, 2023
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Latest Funding Round
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Investors
Semtech
& 1 more
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Employee Count
127
as on Apr 06, 2024
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Investments & Acquisitions
AirPrime
& 10 more
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Acquired by
Semtech
(Aug 02, 2022)
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Products & Services of Sierra Wireless
Sierra Wireless offers a comprehensive portfolio of products and services, including AirVantage Smart Connectivity, IoT Modules, and Router Solutions. 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.
Simplifies global IoT deployments with one SIM and management platform.
Delivers high-performance modules for 4G, 5G, and LPWA networks.
Provides secure routers for industrial and mobile applications.
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Software Development Team
64 people
Sales and Marketing
42 people
Creative and Marketing Team
24 people
Leadership Team
15 people
Human Resources and Administration
12 people
Senior Team
8 people
Board Team
7 people
Product Management Team
7 people
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Funding Insights of Sierra Wireless
- Total Funding Total Funding
- Total Rounds 1
- Last Round Last Round
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2020 | Amount | Post-IPO - Sierra Wireless | 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 Sierra Wireless
Sierra Wireless has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include Semtech and Lion Point. 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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Founded Year | Domain | Location | |
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Semiconductor chipsets and IoT connectivity solutions are provided by Semtech.
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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 Sierra Wireless
Sierra Wireless has strategically engaged in corporate development activities, having acquired 11 companies. Notable acquisitions include AirPrime, Flowthings.io and In Motion Technology. 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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Edge & Cloud platform for Internet of Things solutions
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2014 | ||||
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IoT-based M2M connectivity solutions for device communication are provided.
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2011 | ||||
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Global M2M connectivity is enabled via multi-operator SIM cards.
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2010 |
| 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 - Sierra Wireless
| 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 |
Sierra Wireless Comparisons
Competitors of Sierra Wireless
Sierra Wireless 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 Qualcomm, U-blox, Truphone, Platform9 Systems and MaxLinear, 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 |
Provider of cloud and AI-based cellular communication ICs
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| domain | founded_year | HQ Location |
ICs for cellular communication and GPS solutions are provided.
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| domain | founded_year | HQ Location |
International mobile services are provided under various brands for enterprises.
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| domain | founded_year | HQ Location |
Container development and management platforms are provided for private clouds.
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| domain | founded_year | HQ Location |
Integrated circuits for cellular and broadband communications are provided.
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| domain | founded_year | HQ Location |
IoT and SaaS-based provider of application development solutions for connected ecosystems
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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 Sierra Wireless
Frequently Asked Questions about Sierra Wireless
When was Sierra Wireless founded?
Sierra Wireless was founded in 1993 and raised its 1st funding round 27 years after it was founded.
Where is Sierra Wireless located?
Sierra Wireless is headquartered in Richmond, Canada. It is registered at Richmond, British Columbia, Canada.
Who is the current CEO of Sierra Wireless?
Phil Brace is the current CEO of Sierra Wireless.
How many employees does Sierra Wireless have?
As of Apr 06, 2024, the latest employee count at Sierra Wireless is 127.
What is the annual revenue of Sierra Wireless?
Annual revenue of Sierra Wireless is $5.76M as on Mar 31, 2023.
What does Sierra Wireless do?
The company was founded in 1993 in Richmond, Canada, and operates in the IoT sector. Embedded modules supporting 2G, 3G, and 4G networks are offered, along with gateways that integrate secure cloud and connectivity services. These products support the development of connected architectures, remote asset management, and mission-critical deployments for enterprises. SIM solutions are also included in the portfolio to ensure reliable connectivity.
Who are the top competitors of Sierra Wireless?
Sierra Wireless's top competitors include Qualcomm, Platform9 Systems and U-blox.
What products or services does Sierra Wireless offer?
Sierra Wireless offers AirVantage Smart Connectivity, IoT Modules, and Router Solutions.
How many acquisitions has Sierra Wireless made?
Sierra Wireless has made 11 acquisitions, including AirPrime, Flowthings.io, and In Motion Technology.
Who are Sierra Wireless's investors?
Sierra Wireless has 2 investors. Key investors include Semtech, and Lion Point.
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