Last deal

$89M

Amount

Series C

Stage

09.03.2017

Date

3

all rounds

$162.8M

Total amount

date founded

Financing round

General

About Company
Cradlepoint provides cloud-based network solutions for wired and wireless connectivity.

Industry

Sector :

Subsector :

Also Known As

Cradlepoint Technology

founded date

01.01.2006

Number of employees

Company Type

For Profit

Last funding type

Series C

IPO status

Private

Description

Cradlepoint offers a range of cloud-based network solutions that enable businesses and government agencies to connect people, places, and things using wired and wireless broadband. Their NetCloud platform extends their routers and gateways with cloud-based management and software-defined network services, allowing customers to leverage the speed and economics of wired and wireless internet while maintaining visibility, security, and control. With over 36,000 customers worldwide, including Global 2000 organizations and top public sector agencies, Cradlepoint is a global leader in delivering 4G and 5G wireless network edge solutions. They serve various industries such as retail, healthcare, financial services, and transportation, and their solutions are also used by law enforcement, fire, and EMS personnel for public safety. Cradlepoint was founded in 2006 and operates as a standalone subsidiary within Ericsson's Business Area Technologies and New Business portfolio.
Legal Names

Legal name

Cradlepoint, Inc.
Similar Companies
1000
BATS

BATS

BATS Wireless provides intelligent, autonomous, and mobile wireless core networks for organizations worldwide.

Sector

Telecommunications Equipment

Subsector

Telecommunications Equipment

Keywords

Wireless, Telecommunications, Manufacturing

Location

Indianapolis, IN, USA

total rounds

1

total raised

$154.98K

Proquent Systems

ProQuent Systems Corporation is a wireless networking solutions provider.

Sector

Telecommunications Equipment

Subsector

Telecommunications Equipment

Location

Marlborough, MA, USA

total rounds

2

total raised

$36M
Exalt Communications

Exalt Communications

Exalt Communications designs wireless backhaul systems and interconnect solutions for various sectors.

Sector

Telecommunications Equipment

Subsector

Telecommunications Equipment

Keywords

Telecommunications, Wireless, Information Technology

Location

Campbell, CA, USA

total rounds

4

total raised

$29.5M
IPWireless

IPWireless

IPWireless provides wireless solutions including silicon, software and network infrastructure.

Sector

Telecommunications Equipment

Subsector

Telecommunications Equipment

Location

Chippenham, UK

total rounds

5

total raised

$58.58M
M&A Details
1

Transaction name

Acquired by

Ericsson

announced date

17.09.2020

price

$1.1B

Financials

Funding Rounds
9
3

Number of Funding Rounds

$162.8M

Money Raised

Their latest funding was raised on 09.03.2017. Their latest investor TCV. Their latest round Series C

Date 
Funding Round 
Investors 
Money Raised 
Lead 
09.03.2017
1
$89M
17.02.2017
3
$675K
01.08.2016
1
TCV

TCV

TCV is a venture capital firm that provides capital and support to growth-stage technology companies.

Sector

Investment Banking and Brokerage Services

Subsector

Asset Managers and Custodians

Keywords

Venture Capital, Financial Services

Location

Menlo Park, CA, USA

count Of Investments

476

count Of Exists

163
Co-Investors
Investors
11
3

Number of lead investors

11

Number of investors

Investor 
Lead 
Round 
Partners 
No
Venture - Series Unknown
No
Debt Financing
Yes
Series B
TCV

TCV

TCV is a venture capital firm that provides capital and support to growth-stage technology companies.

Sector

Investment Banking and Brokerage Services

Subsector

Asset Managers and Custodians

Keywords

Venture Capital, Financial Services

Location

Menlo Park, CA, USA

count Of Investments

476

count Of Exists

163
Trinity Capital

Trinity Capital

Trinity Capital Investment provides venture debt and equipment financing to emerging growth stage companies.

Sector

Investment Banking and Brokerage Services

Subsector

Diversified Financial Services

Location

Phoenix, AZ, USA

total rounds

5

total raised

$380M

count Of Investments

113

count Of Exists

25
Delta-v Capital

Delta-v Capital

Delta-v Capital provides liquidity solutions and growth equity to private technology companies and their shareholders.

Sector

General Industrials

Subsector

Diversified Industrials

Location

Boulder, CO, USA

count Of Investments

49

count Of Exists

20
Acquisitions
3
Acquiree Name 
Date 
Price 
Acquisition Name 
Ericom Software acquired by Cradlepoint

Ericom Software acquired by Cradlepoint

acquirer

Cradlepoint
Cradlepoint

date

04.04.2023

type

Acquisition
Ericom Software

Ericom Software

Ericom Software is a global leader in securing and connecting the unified workspace.

Sector

Software and Computer Services

Subsector

Software

Location

Closter, NJ 07624, USA
Quortus acquired by Cradlepoint

Quortus acquired by Cradlepoint

acquirer

Cradlepoint
Cradlepoint

date

21.12.2021

type

Acquisition
Quortus

Quortus

Quortus is a company that enables flexible and agile mobile communications networks.

Sector

Telecommunications Service Providers

Subsector

Telecommunications Services

Location

Camberley, UK
Pertino acquired by Cradlepoint

Pertino acquired by Cradlepoint

acquirer

Cradlepoint
Cradlepoint

date

08.12.2015

type

Acquisition
Pertino

Pertino

Pertino enables businesses to build private cloud networks that overlay the public internet and workloads everywhere..

Sector

Telecommunications Service Providers

Subsector

Telecommunications Services

Location

Los Gatos, CA, USA

total rounds

2

total raised

$28.85M

People

Founders
3
Gary Oliverio
Gary Oliverio

Gary Oliverio

Gary Oliverio is the Director of Electrical Engineering at Ventiva, Inc.

current job

Ventiva
Ventiva

organization founded

1

Gary Oliverio

Ryan Adamson
Ryan Adamson

Ryan Adamson

Ryan has been a leader in the technology industry for over 20 years, including senior management positions at Kestrelink and Portsmith. Prior to that he was Director of Business Development and Professional Services at Rightnow Technologies, a Bozeman-based CRM software company, where he also served on the original board of directors and helped raise $31M in venture funding. Ryan holds a Bachelor's degree in Electrical Engineering from Montana State.

current job

Cradlepoint
Cradlepoint

organization founded

1

Ryan Adamson

Pat Sewall
Pat Sewall

Pat Sewall

current job

Sewall Bond, LLLP

organization founded

2

Pat Sewall

Employee Profiles
239

James Johnson

R and d engineer

Jason Floyd

Partner solutions architect

Rik Walters

Rik Walters

VP, Demand Marketing

James Bristow

Senior vice president emea

Ed Walton

Vice president sales

Ann Hunter

Regional sales manager

Penny Garrison

Director of engineering

Gabrielle Van De Kop

Isr mid atlantic commercial

Activity

Recent News
21
News Timeline

The graph reveals the ratio (%) of positive news articles in a chosen time range

week