# Arrayent

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

- Industry: Software
- Headquarters: Redwood City, US
- Website: www.arrayent.com
- Total disclosed funding: $32M
- Latest round: Series C (Jan 21, 2016)
- Investors on record: 7

## About

Arrayent, Inc. specializes in providing innovative IoT solutions that enable businesses to connect, manage, and analyze their devices, enhancing operational efficiency and customer engagement.Founded in 2002 and headquartered in Redwood City, US, Arrayent, Inc. focuses on IoT platform services that help companies integrate devices into their operations. The company underwent a significant change when it was acquired by Prodea in July 2017. The founder's previous entrepreneurial endeavors are not publicly detailed. Arrayent has successfully completed 8 deals, with its most recent funding round being a Series C in July 2017, led by ORIX Growth Capital, raising a total of USD 4.00 mn.Arrayent's core offerings are centered around IoT solutions that allow businesses to connect and manage smart devices effectively. These services empower companies to collect data and streamline operations, enhancing customer engagement through integrated management tools. The primary customer base includes small and medium-sized enterprises (SMEs) and larger corporations across North America, Europe, and parts of Asia, where the demand for IoT solutions is continuously expanding.The company's revenue is structured around subscription-based models and service agreements, allowing clients to pay recurring fees for access to their suite of IoT solutions. Their pricing plans are tiered, enabling customers to choose packages that cater to their operational needs. Flagship services include specialized IoT management platforms that appeal to a broad audience, fostering steady revenue streams through established client relationships.Arrayent, Inc. plans to leverage its recent funding from the Series C round to enhance its product offerings and expand into new markets. The company is focusing on developing advanced IoT solutions set to launch in the coming year, aiming for better integration capabilities. Additionally, Arrayent is targeting expansion into European markets by the end of 2023 to increase its footprint in the rapidly growing IoT sector.

## Funding rounds

- Series C, Jan 21, 2016, $4M — ORIX Corporation USA
- Series C, Jun 26, 2015, $15M — DCM, Intel Capital, ORIX Growth Capital, Opus Capital Ventures, Comerica Bank
- Series B, Nov 21, 2013, $12M — DCM, Intel Capital, Opus Capital Ventures
- Series A, Mar 12, 2010, $0.3M — Band of Angels
- Series A, Dec 1, 2009, $0.5M — Band of Angels

## Investors

- Band of Angels (https://capitalatlas.ai/funds/band-of-angels) — Series A
- DCM (https://capitalatlas.ai/funds/dcm) — Series B, Series C
- Intel Capital (https://capitalatlas.ai/funds/intel-capital) — Series B, Series C
- Opus Capital Ventures (https://capitalatlas.ai/funds/opus-capital-ventures) — Series B, Series C
- ORIX Growth Capital — Series C
- Comerica Bank — Series C
- ORIX Corporation USA (https://capitalatlas.ai/funds/orix-corporation-usa) — Series C