About Underline
Underline is a company based in New York (United States) founded in 2002 by Bob Thompson. It operates as a IaaS (Infrastructure-as-a-Service), and Licensing Model. Underline has raised $35.5 million across 2 funding rounds from investors including Ares Management, FinTech Collective and Revolution. Underline offers products and services including Fiber Networks and Underline Software. Underline operates in a competitive market with competitors including Frontiir Communications, OpVista, Network Connex, Paradyn and Sheer Networks, among others.
- Headquarter New York, United States
- Founders Bob Thompson
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Sectors
Technology
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Underline Infrastructure Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$35.5 M (USD)
in 2 rounds
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Latest Funding Round
$35 M (USD), Series A
Aug 30, 2022
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Investors
Ares Management
& 2 more
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Employee Count
Employee Count
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Products & Services of Underline
Underline offers a comprehensive portfolio of products and services, including Fiber Networks and Underline Software. 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.
Fiber networks are provided for community connectivity needs.
Software is offered to enhance multi-purpose network functionality.
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Funding Insights of Underline
Underline has successfully raised a total of $35.5M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $35 million completed in August 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 2
- Last Round Series A — $35.0M
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First Round
First Round
(06 May 2020)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2022 | Amount | Series A - Underline | Valuation |
investors |
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| May, 2020 | Amount | Seed - Underline | 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 Underline
Underline has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include Ares Management, FinTech Collective and Revolution. 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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Investments in FinTech startups are managed by the firm.
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Founded Year | Domain | Location | |
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Revolution is recognized as a D.C.-based investment firm.
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Founded Year | Domain | Location | |
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Alternative asset investment management firm
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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 Underline
| 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 - Underline
| 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 |
Underline Comparisons
Competitors of Underline
Underline 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 Frontiir Communications, OpVista, Network Connex, Paradyn and Sheer Networks, 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 |
Internet connectivity and managed networking services are provided in Myanmar.
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| domain | founded_year | HQ Location |
Optical carrier technology is developed for high-speed communications.
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| domain | founded_year | HQ Location |
Network designing and implementation services are provided globally.
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| domain | founded_year | HQ Location |
Managed connectivity and infrastructure services are provided in Ireland.
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| domain | founded_year | HQ Location |
Provider of network design and management services
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| domain | founded_year | HQ Location |
Information and communication technology services are provided to various clients.
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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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Frequently Asked Questions about Underline
When was Underline founded?
Underline was founded in 2002 and raised its 1st funding round 18 years after it was founded.
Where is Underline located?
Underline is headquartered in New York, United States. It is registered at New York, New York, United States.
Who is the current CEO of Underline?
Bob Thompson is the current CEO of Underline. They have also founded this company.
Is Underline a funded company?
Underline is a funded company, having raised a total of $35.5M across 2 funding rounds to date. The company's 1st funding round was a Seed of $500K, raised on May 06, 2020.
What does Underline do?
Underline is involved in providing fiber networks and technology solutions to support community goals. Services are extended across internet access, modernized water systems, and responsible energy creation. Multi-purpose fiber networks are designed to serve residents, enterprises, transit systems, and utilities. Flexible solutions are offered, including engineering, private financing, construction, and operation of networks. Additionally, technology is licensed to other network owners to enable service choice and multi-purpose functionality in various U.S. cities.
Who are the top competitors of Underline?
Underline's top competitors include Frontiir Communications, Airowire Networks and Paradyn.
What products or services does Underline offer?
Underline offers Fiber Networks and Underline Software.
Who are Underline's investors?
Underline has 3 investors. Key investors include Ares Management, FinTech Collective, and Revolution.