About Simulity
Simulity is a Technology company based in Bangor (United Kingdom) founded in 2009, and was acquired by Arm in July 2016. It operates as an operating System provider for SIMUSIMISIM M2M modules. It operates in the Technology and Telecommunications sectors. Simulity has raised $4.88 million across 2 funding rounds from investors including Arm, BMS Finance and Foresight Group. The company has 26 employees. Its focus areas include High Tech, Internet of Things Infrastructure, IoT Connectivity and Cellular. Its legal entity is SIMULITY LABS LIMITED. Its competitors include Truphone, Airalo, Airlinq, Telit Communications and Cavli Wireless and 4 more; 7 of its 9 listed competitors have raised funding.
Company details
Simulity was founded in 2009 in Bangor, United Kingdom, and operates within the embedded communications sector. SIMUSIMISIM solutions and OTA platforms are supplied to mobile network operators, alongside support for M2M modules. An Android-based virtual SIM platform named Pegasus, compliant with GSMA eUICC remote provisioning standards, was launched recently. The flagship eSIM operating system, SIMgine, was unveiled to enable secure remote provisioning and connectivity.
- Headquarters Bangor, United Kingdom
- Employees 26
- Stage Acquired
- SectorsTechnologyTelecommunications
- Website simulity.com
- Social LinkedIn X Facebook
- Acquired by Arm (Jul 2016)
- Legal Name Simulity Labs Limited
- Date of Incorporation 19 May, 2009
- Jurisdiction CAMBRIDGE, CAMBRIDGESHIRE, ENGLAND
Funding Insights of Simulity
Simulity has successfully raised a total of $4.88M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $4.88 million completed in November 2016. 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 $4.88M
- Total Rounds 2
- Last Round Series A — $4.88M
- First Round $2.27M
(Jan 2015)
- Investors Count 2
All 2 funding rounds of Simulity 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 |
|---|---|---|---|---|---|
| Nov 2016 | $4.88M | Series A | – | – | |
| Jan 2015 | $2.27M | Debt – Conventional | – | – |
3 investors in total: 3 institutional.
Investors in Simulity
Simulity has secured backing from 3 investors, including institutional investors. Prominent investors backing the company include Arm, BMS Finance and Foresight Group.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Foresight Group is engaged in sustainable investment management. | 1984 | foresightgroup.eu | - | |
Term loans are provided to SMEs by BMS Finance. | 2003 | bms-finance.com | London, United Kingdom | |
AI and cloud-based IPs for microprocessors and GPUs to develop AI applications | 1990 | arm.com | Cambridge, United Kingdom |
Investor details for Simulity
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Timeline of Simulity
4 dated milestones of Simulity across 7 years, from founding to its latest funding, stage changes and deals.
- Founded Simulity is founded.
- Funding First funding round of $2.3M.
- Exit Acquired by Arm.
- Funding Latest funding round, Series A, of $4.9M.
Competitors of Simulity
Simulity has 9 listed competitors in our database, 7 of them funded. They include Truphone, Airalo, Airlinq, Telit Communications and Cavli Wireless, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| truphone.com | 2006 | London, United Kingdom | $695.99M | 445 | International mobile services are provided under various brands for enterprises. | |
| airalo.com | 2019 | Delaware, United States | $287.3M | – | Operator of eSIM stores intended to provide connectivity to travellers | |
| airlinq.com | 2010 | San Ramon, United States | $23.17M | 143 | IoT and SaaS-based provider of application development solutions for connected ecosystems | |
| telit.com | 1986 | London, United Kingdom | – | 8 | Cellular IoT modules, connectivity, platforms, and custom solutions are provided. | |
| cavliwireless.com | 2016 | San Jose, United States | $10M | 95 | Provider of cellular IoT modules, global connectivity, and modem cloud services | |
| 1nce.com | 2017 | Cologne, Germany | $110M | 118 | IoT connectivity solutions are provided via SIM cards and platforms. | |
| soracom.io | 2014 | Tokyo, Japan | $11.38M | 5 | Provider of cellular connectivity for IoT | |
| syniverse.com | 1987 | Tampa, United States | – | – | Cellular connectivity solutions for IoT and mobile transactions are provided. | |
| cubictelecom.com | 2009 | Dublin, Ireland | $91.55M | – | Global connectivity solutions for IoT and M2M are provided. |
Detailed competitors of Simulity
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Top companies in Industrial IoT & Smart Manufacturing
10 companies that operate in the same segment as Simulity (Industrial IoT & Smart Manufacturing), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
AI-powered cloud-based vehicle tracking solutions are offered for fleet owners. | 2015 | San Francisco, California, United States | USD 915 M | USD 1.62 B | 5,792 | |
Cloud-based smart security cameras are manufactured for home use. | 1999 | Provo, Utah, United States | USD 172 M | USD 341.04 M | 11,275 | |
Cloud-based network infrastructure for IoT applications is provided. | 2004 | Boise, Idaho, United States | USD 154.85 M | USD 8.52 M | 165 | |
Wireless security platform for IoT applications is provided. | 2015 | Palo Alto, California, United States | USD 1.17 B | – | – | |
Blockchain-based connectivity for IoT applications is facilitated. | 2017 | Menlo Park, California, United States | USD 50 M | – | – | |
IoT connectivity platform from prototype to production is developed. | 2011 | San Francisco, California, United States | USD 134.87 M | – | 109 | |
Cloud-based smart locks for residential and commercial access are provided. | 2014 | New York, New York, United States | USD 152.78 M | USD 70.12 M | 266 | |
Keyless smart locks are developed for consumer and commercial applications. | 2015 | Singapore, Singapore | USD 32.28 M | – | – | |
Provider of cyber security solutions for asset visibility and threat management | 2000 | San Jose, California, United States | USD 120.28 M | USD 4.03 M | 1,330 | |
Mesh-based connectivity solutions for IoT applications are provided. | 2014 | San Francisco, California, United States | USD 90 M | – | – |
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Related news about Simulity
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Frequently Asked Questions about Simulity
Simulity was founded in 2009 and raised its 1st funding round 6 years after it was founded.
Simulity is headquartered in Bangor, United Kingdom. It is registered at Bangor, Wales, United Kingdom.
Simulity is a funded company, having raised a total of $4.88M across 2 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $2.27M, raised on Jan 2015.
Simulity has 26 employees.
Simulity was founded in 2009 in Bangor, United Kingdom, and operates within the embedded communications sector. SIMUSIMISIM solutions and OTA platforms are supplied to mobile network operators, alongside support for M2M modules. An Android-based virtual SIM platform named Pegasus, compliant with GSMA eUICC remote provisioning standards, was launched recently. The flagship eSIM operating system, SIMgine, was unveiled to enable secure remote provisioning and connectivity.
Simulity has 3 investors. Key investors include Arm, BMS Finance, and Foresight Group.
Simulity operates through Simulity Labs Limited.
Yes. Simulity was acquired by Arm in July 2016.