About Veniam
Veniam is a company based in Mountain View (United States) founded in 2012 by Susana Sargento was acquired by Nexar in August 2022.. Veniam has raised $26.94 million across 2 funding rounds from investors including Nexar, Verizon and Cisco Investments. Veniam offers products and services including SDK and Cloud Services and Intelligent Networking Platform. Veniam operates in a competitive market with competitors including eero, goTenna, Rajant, GreenCom Networks and Wirepas, among others.
- Headquarter Mountain View, United States
- Founders Susana Sargento
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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
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Products & Services of Veniam
Veniam offers a comprehensive portfolio of products and services, including SDK and Cloud Services and Intelligent Networking Platform. 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 data transfer for IoT devices in vehicles and fleets.
Facilitates secure, cost-effective data management across networks.
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Funding Insights of Veniam
Veniam has successfully raised a total of $26.94M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $22 million completed in February 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 Total Funding
- Total Rounds 2
- Last Round Series B — $22.0M
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First Round
First Round
(01 Dec 2014)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2016 | Amount | Series B - Veniam | Valuation | Verizon | |
| Dec, 2014 | Amount | Series A - Veniam | Valuation | True Ventures |
| 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 Veniam
Veniam has secured backing from 8 investors, including institutional and venture fund investors. Prominent investors backing the company include Nexar, Verizon and Cisco Investments. 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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Technology investments and expertise in networking, cloud, and security services.
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Founded Year | Domain | Location | |
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Venture capital firm supporting AI founders through investments and community.
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Founded Year | Domain | Location | |
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Venture capital firm focused on blockchain, wellbeing, and multiple sectors
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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 Veniam
| 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 - Veniam
| 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 |
Veniam Comparisons
Competitors of Veniam
Veniam 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 eero, goTenna, Rajant, GreenCom Networks and Wirepas, 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 |
Mesh-based connectivity solutions for IoT applications are provided.
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| domain | founded_year | HQ Location |
Mobile mesh networking is enabled for off-grid smartphone use.
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| domain | founded_year | HQ Location |
A private wireless mesh network is provided for adaptive communications.
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| domain | founded_year | HQ Location |
Cloud & AI-based mesh networking management solutions provider
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| domain | founded_year | HQ Location |
Wireless connectivity software for industrial IoT deployments is 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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| 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 Veniam
Frequently Asked Questions about Veniam
When was Veniam founded?
Veniam was founded in 2012 and raised its 1st funding round 2 years after it was founded.
Where is Veniam located?
Veniam is headquartered in Mountain View, United States. It is registered at Mountain View, California, United States.
Is Veniam a funded company?
Veniam is a funded company, having raised a total of $26.94M across 2 funding rounds to date. The company's 1st funding round was a Series A of $4.94M, raised on Dec 01, 2014.
What does Veniam do?
Founded in 2012 and based in Mountain View, United States, Veniam operates in the wireless networking sector focused on connected and autonomous vehicles. Mesh networks are created using WiFi transmitters in vehicles, with products offered for fleet operators to enable WiFi access and for wireless Internet in confined spaces like ports. Data collection from operations is supported, along with V2X technologies. Clients such as Vodafone and Cisco are served.
What products or services does Veniam offer?
Veniam offers SDK and Cloud Services and Intelligent Networking Platform.
Who are Veniam's investors?
Veniam has 8 investors. Key investors include Nexar, Verizon, Cisco Investments, True Ventures, and Union Square Ventures.
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