About Telit Communications
Telit Communications is a company based in London (United Kingdom) founded in 1986.. Telit Communications has completed 4 acquisitions, including Dai Telecom, Gainspan and ILS Technologies. Telit Communications offers products and services including IoT Modules, Connectivity Plans, and deviceWISE Platforms. Telit Communications operates in a competitive market with competitors including Truphone, Cognex, Soracom, Syniverse and 1NCE, among others.
- Headquarter London, United Kingdom
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Sectors
TechnologyIndustrial Goods & Manufacturing
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Phone
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Website
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Social
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- Legal Name Telit Communications Limited
- Date of Incorporation 30 Nov, 2004
- Jurisdiction LONDON, ENGLAND
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
$50.26 M (USD), Post-IPO
May 05, 2017
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Investors
HSBC
& 2 more
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Employee Count
Employee Count
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Investments & Acquisitions
Dai Telecom
& 3 more
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Products & Services of Telit Communications
Telit Communications offers a comprehensive portfolio of products and services, including IoT Modules, Connectivity Plans, and deviceWISE Platforms. 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.
Secure certified modules for cellular and Wi-Fi connectivity
Global plans for IoT device management and data services
Tools for AI integration and industrial visualization
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Funding Insights of Telit Communications
- Total Funding Total Funding
- Total Rounds 4
- Last Round Post-IPO — $50.3M
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First Round
First Round
(09 Sep 2016)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| May, 2017 | Amount | Post-IPO - Telit Communications | Valuation |
investors |
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| Oct, 2016 | Amount | Debt – Conventional - Telit Communications | Valuation |
investors |
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| Sep, 2016 | Amount | Debt – Conventional - Telit Communications | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 Telit Communications
Telit Communications has secured backing from 3 investors, including institutional investors. Prominent investors backing the company include HSBC, Bank Hapoalim and sviluppoeconomico.gov.it. 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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Secondary fund investments are emphasized by this Israeli commercial bank.
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Founded Year | Domain | Location | |
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Universal banking and financial advisory services are provided globally.
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Founded Year | Domain | Location | |
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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 Telit Communications
Telit Communications has strategically engaged in corporate development activities, having acquired 4 companies. Notable acquisitions include Dai Telecom, Gainspan and ILS Technologies. 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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Networking hardware for IoT applications is developed and manufactured.
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2011 | ||||
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Software development services are provided by ILS Technologies since 2009.
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2009 | ||||
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Low Energy embedded WiFi modules and chips
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2006 |
| 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 - Telit Communications
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Telit Communications Comparisons
Competitors of Telit Communications
Telit Communications 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, Cognex, Soracom, Syniverse and 1NCE, 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 |
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| domain | founded_year | HQ Location |
International mobile services are provided under various brands for enterprises.
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Machine vision systems are developed for industrial automation and tracking.
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Provider of cellular connectivity for IoT
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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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| 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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On-demand services are booked through an app-based platform.
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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 Telit Communications
Frequently Asked Questions about Telit Communications
When was Telit Communications founded?
Telit Communications was founded in 1986 and raised its 1st funding round 30 years after it was founded.
Where is Telit Communications located?
Telit Communications is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
What does Telit Communications do?
Founded in 1986 and headquartered in London, United Kingdom, Telit Communications operates in the IoT telecommunications sector. Cellular modules for Wi-Fi, Bluetooth, and positioning applications are supplied, alongside connectivity services such as global plans, eSIM provisioning, and a management platform. Platforms supporting Industry 4.0 initiatives, including connected factories and AI-integrated machines, are offered. Custom solutions in engineering, manufacturing, security, and device certification are also provided.
Who are the top competitors of Telit Communications?
What products or services does Telit Communications offer?
Telit Communications offers IoT Modules, Connectivity Plans, and deviceWISE Platforms.
How many acquisitions has Telit Communications made?
Telit Communications has made 4 acquisitions, including Dai Telecom, Gainspan, and ILS Technologies.
Who are Telit Communications's investors?
Telit Communications has 3 investors. Key investors include HSBC, Bank Hapoalim, and sviluppoeconomico.gov.it.
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