About Sonim Technologies
Sonim Technologies is a company based in San Mateo (United States) founded in 1999.. Sonim Technologies has raised $106.11 million across 13 funding rounds from investors including Accel, B. Riley Financial and Apax Partners. The company has 160 employees as of December 31, 2024. Sonim Technologies offers products and services including XP Pro, H500 Mobile Hotspot, and XP10. Sonim Technologies operates in a competitive market with competitors including Motorola Mobility, Apple, Essential, Meizu and Lume Cube, among others.
- Headquarter San Mateo, United States
- Employees 160 as on 31 Dec, 2024
- Stage Public
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Sectors
Consumer
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Phone
*********
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Website
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Social
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- Legal Name Sonim Technologies, Inc.
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Annual Revenue
$58.3 M-37.74as on Dec 31, 2024
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Net Profit
$-33.65 M-37286.67as on Dec 31, 2024
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EBITDA
$-26.12 M-1060.54as on Dec 31, 2024
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Total Equity Funding
$106.11 M (USD)
in 13 rounds
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Latest Funding Round
$12.5 M (USD), Post-IPO
Jul 13, 2022
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Investors
Accel
& 6 more
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Employee Count
160
as on Dec 31, 2024
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IPO & Listings of Sonim Technologies
Sonim Technologies is a publicly listed company on the NASDAQ with ticker symbol SONM in USA, operating in the Electronic technology sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Sonim Technologies
Sonim Technologies offers a comprehensive portfolio of products and services, including XP Pro, H500 Mobile Hotspot, and XP10. 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.
Ultra-rugged 5G smartphone for tough industrial use
Provides high-speed connectivity in challenging environments
Durable mobile device for demanding work conditions
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Funding Insights of Sonim Technologies
Sonim Technologies has successfully raised a total of $106.11M across 13 strategic funding rounds. The most recent funding activity was a Post-IPO round of $12.5 million completed in July 2022. 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 13
- Last Round Post-IPO — $12.5M
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First Round
First Round
(16 Oct 2002)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2022 | Amount | Post-IPO - Sonim Technologies | Valuation |
investors |
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| Jan, 2019 | Amount | Series F - Sonim Technologies | Valuation |
investors |
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| Nov, 2018 | Amount | Series F - Sonim Technologies | Valuation |
investors |
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| 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 Sonim Technologies
Sonim Technologies has secured backing from 7 investors, including venture fund and institutional investors. Prominent investors backing the company include Accel, B. Riley Financial and Apax Partners. 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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Founded Year | Domain | Location | |
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Private equity firm focused on mid-market businesses
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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 Sonim Technologies
| 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 - Sonim Technologies
| 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 |
Sonim Technologies Comparisons
Competitors of Sonim Technologies
Sonim Technologies 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 Motorola Mobility, Apple, Essential, Meizu and Lume Cube, 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 |
Mobile devices, cases, tablets, and screen protectors are offered online.
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| domain | founded_year | HQ Location |
Consumer electronics, computers, and software are designed and sold worldwide.
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| domain | founded_year | HQ Location |
Manufacturer of smartphones and accessories
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| domain | founded_year | HQ Location |
Multi-category consumer electronics are provided by an internet-first brand.
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| domain | founded_year | HQ Location |
Multi-category consumer electronics are provided by an internet-first brand.
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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 Sonim Technologies
Frequently Asked Questions about Sonim Technologies
When was Sonim Technologies founded?
Sonim Technologies was founded in 1999 and raised its 1st funding round 3 years after it was founded.
Where is Sonim Technologies located?
Sonim Technologies is headquartered in San Mateo, United States. It is registered at San Mateo, California, United States.
Is Sonim Technologies a funded company?
Sonim Technologies is a funded company, having raised a total of $106.11M across 13 funding rounds to date. The company's 1st funding round was a Series F of $8.38M, raised on Oct 16, 2002.
How many employees does Sonim Technologies have?
As of Dec 31, 2024, the latest employee count at Sonim Technologies is 160.
What is the annual revenue of Sonim Technologies?
Annual revenue of Sonim Technologies is $58.3M as on Dec 31, 2024.
What does Sonim Technologies do?
Sonim Technologies specializes in workforce-critical communication tools for vertical industries including construction, security guarding, oil, gas, and chemical operations, utilities, transportation and logistics, forestry, agriculture, and defense. It provides rugged, water-submersible mobile phones designed specifically for workers in demanding and hazardous environments. Has partnered with application developers to provide a suite of high-performance workforce-critical applications such as push-to-talk, lone workerman-down safety services, mobile resource management and time and activity verification. Sonim phones are backed by a three-year comprehensive warranty, covering manufacturing defects and accidental damage. Sonim also pioneers in intrinsically safe phones, devices certified to operate in potentially explosive atmospheres.
Who are the top competitors of Sonim Technologies?
Sonim Technologies's top competitors include Apple, Motorola Mobility and Essential.
What products or services does Sonim Technologies offer?
Sonim Technologies offers XP Pro, H500 Mobile Hotspot, and XP10.
Is Sonim Technologies publicly traded?
Yes, Sonim Technologies is publicly traded on NASDAQ under the ticker symbol SONM.
Who are Sonim Technologies's investors?
Sonim Technologies has 7 investors. Key investors include Accel, B. Riley Financial, Apax Partners, 3i Group, and AJP Group.
What is Sonim Technologies's ticker symbol?
The ticker symbol of Sonim Technologies is SONM on NASDAQ.
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