# Airgain

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/airgain

- Industry: Telecoms
- Headquarters: San Diego, US
- Website: www.airgain.com
- Total disclosed funding: $5M
- Latest round: Series F (Mar 5, 2007)
- Investors on record: 2

## About

Airgain delivers advanced wireless connectivity solutions, focusing on embedded modems and IoT devices for various sectors such as transportation, healthcare, and industrial applications.Founded in 1995 in San Diego, US, Airgain specializes in connectivity solutions. The company has operated independently without pivots in its core business strategy. Under the leadership of CEO Albert H, Airgain raised USD 12 mn through an IPO in August 2016, which constitutes the total amount raised to date. The firm has completed three significant deals since inception.Airgain specializes in advanced wireless connectivity solutions, providing a range of products tailored for diverse sectors including public safety, fleet management, industrial applications, and medical services. Their core offerings include embedded modems, cellular IoT solutions, asset tracking devices, internal and external antennas, and the AirgainConnect® platform, which integrates various connectivity technologies for optimal performance. The AirgainConnect® AC-HPUE™ enhances connectivity in vehicle networking applications, supporting critical data transfer in low-signal areas. Their products serve a wide client base across North America, Europe, and the Asia-Pacific region, addressing the needs of industries such as transportation, agriculture, energy, and enterprise solutions.In 2023, Airgain reported revenue of USD 56.04 mn and an EBITDA of USD -8.77 mn. The company generates revenue through direct sales and partnerships, primarily in B2B transactions across various industrial sectors, utilizing subscription models for sustained client relationships.Airgain plans to launch new products designed to enhance connectivity capabilities across its offerings, with specific release dates yet to be announced. The company aims to expand its reach into emerging markets, particularly in the Asia-Pacific region, by 2025. The recent funding from the IPO will be directed towards product development and market expansion initiatives, reinforcing Airgain's strategic objectives.

## Funding rounds

- Series F, Mar 5, 2007, $5M — Northwater Capital Management, Gen3Partners

## Investors

- Northwater Capital Management (https://capitalatlas.ai/funds/northwater-capital-management) — Series F
- Gen3Partners — Series F