About Soracom
Soracom is a company based in Tokyo (Japan) founded in 2014 by Ken Tamagawa was acquired by KDDI in August 2017.. Soracom has raised $11.38 million across 4 funding rounds from investors including Sony, Global Suzuki and Hitachi. The company has 176 employees as of March 31, 2024. Soracom offers products and services including IoT SIM Card, Onyx LTE USB Modem, and IoT Dashboard. Soracom operates in a competitive market with competitors including Truphone, Syniverse, 1NCE, Cubic Telecom and Cavli Wireless, among others.
- Headquarter Tokyo, Japan
- Employees 176 as on 31 Mar, 2024
- Founders Ken Tamagawa
- 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
*********
- Legal Name Soracom,Inc.
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Annual Revenue
$57.28 M (USD)13.42as on Mar 31, 2024
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Net Profit
$2.25 M (USD)-27.36as on Mar 31, 2024
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EBITDA
$4.96 M (USD)-4.54as on Mar 31, 2024
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Total Equity Funding
$11.38 M (USD)
in 4 rounds
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Latest Funding Round
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Investors
Sony
& 8 more
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Employee Count
176
as on Mar 31, 2024
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Acquired by
KDDI
(Aug 02, 2017)
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IPO & Listings of Soracom
Soracom is a publicly listed company on the TSE with ticker symbol 147A in Japan, operating in the Technology services 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 Soracom
Soracom offers a comprehensive portfolio of products and services, including IoT SIM Card, Onyx LTE USB Modem, and IoT Dashboard. 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.
Enables global cellular IoT connectivity for devices and sensors.
Facilitates cellular deployment without certification for IoT devices.
Platform for monitoring and managing IoT SIMs and networks.
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Funding Insights of Soracom
Soracom has successfully raised a total of $11.38M across 4 strategic funding rounds. 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 4
- Last Round Last Round
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First Round
First Round
(12 Jun 2015)
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2024 | Amount | Post-IPO - Soracom | Valuation |
investors |
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| Jun, 2021 | Amount | Series B - Soracom | Valuation |
investors |
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| Jun, 2016 | Amount | Series B - Soracom | Valuation | Pavilion Capital Partners |
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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 Soracom
Soracom has secured backing from 9 investors, including institutional and venture fund investors. Prominent investors backing the company include Sony, Global Suzuki and Hitachi. 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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Venture capital firm focused on SaaS, mobile tech, AI, and multiple sectors
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Founded Year | Domain | Location | |
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Growth-stage companies are invested in by this venture capital fund.
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Founded Year | Domain | Location | |
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Manufacturer of automotive products
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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 Soracom
| 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 - Soracom
| 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 |
Soracom Comparisons
Competitors of Soracom
Soracom 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 Truphone, Syniverse, 1NCE, Cubic Telecom and Cavli Wireless, 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 |
International mobile services are provided under various brands for enterprises.
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| domain | founded_year | HQ Location |
Cellular connectivity solutions for IoT and mobile transactions are provided.
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| domain | founded_year | HQ Location |
IoT connectivity solutions are provided via SIM cards and platforms.
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| domain | founded_year | HQ Location |
Global connectivity solutions for IoT and M2M are provided.
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| domain | founded_year | HQ Location |
Provider of cellular IoT modules, global connectivity, and modem cloud services
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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 Soracom
Frequently Asked Questions about Soracom
When was Soracom founded?
Soracom was founded in 2014 and raised its 1st funding round 1 year after it was founded.
Where is Soracom located?
Soracom is headquartered in Tokyo, Japan. It is registered at Tokyo, Tokyo, Japan.
Who is the current CEO of Soracom?
Ken Tamagawa is the current CEO of Soracom. They have also founded this company.
Is Soracom a funded company?
Soracom is a funded company, having raised a total of $11.38M across 4 funding rounds to date. The company's 1st funding round was a Series B of $5.7M, raised on Jun 12, 2015.
How many employees does Soracom have?
As of Mar 31, 2024, the latest employee count at Soracom is 176.
What is the annual revenue of Soracom?
Annual revenue of Soracom is $57.28M as on Mar 31, 2024.
What does Soracom do?
Founded in 2014 in Tokyo, Japan, Soracom operates in the IoT sector by offering cellular connectivity via SIM cards that support 2G, 3G, LTE, Cat1, LoRaWAN, and Sigfox networks. Standard form factors, including eSIM, are accommodated, along with tools for managing IoT connections. A data optimization platform is provided, as well as a platform for data collection and visualization, and Soracom Funnel for linking to cloud services.
What products or services does Soracom offer?
Soracom offers IoT SIM Card, Onyx LTE USB Modem, and IoT Dashboard.
Is Soracom publicly traded?
Yes, Soracom is publicly traded on TSE under the ticker symbol 147A.
Who are Soracom's investors?
Soracom has 9 investors. Key investors include Sony, Global Suzuki, Hitachi, KDDI, and Secom Group.
What is Soracom's ticker symbol?
The ticker symbol of Soracom is 147A on TSE.
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