# BlackBerry

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

- Industry: Software
- Headquarters: Waterloo, Canada
- Website: www.rim.com
- Total disclosed funding: $3.6M
- Latest round: Series A (Jan 1, 1995)
- Investors on record: 1

## About

Based in Canada, BlackBerry Ltd specializes in secure communication solutions, mobile device management, and embedded software for various sectors, including healthcare, government, and automotive industries.BlackBerry Ltd, founded in 1984 by Oren Berkovich, operates from its headquarters in Waterloo, Canada. Initially recognized for its mobile devices, the company has pivoted towards software solutions. It has raised a total of CAD 100 million through its IPO on January 30, 1998, on the Toronto Stock Exchange under the ticker 'BB'.BlackBerry’s primary product offerings center around advanced secure communication solutions, mobile device management, and embedded systems software designed for various sectors, including government, healthcare, and automotive industries. The flagship product, BlackBerry UEM (Unified Endpoint Manager), provides organizations with a robust platform for managing and securing mobile devices and applications. This solution enables secure communications and protects data both at rest and in transit, catering to enterprises that require high assurance in their security infrastructure. Also notable are BlackBerry Work productivity apps, which facilitate secure access to essential work tools and data, ensuring isolation and an optimal user experience. BlackBerry Radar offers comprehensive asset tracking solutions for logistics, while BlackBerry AtHoc serves as a crisis communications platform for government and public safety entities. The company's products are marketed and utilized in North America, Europe, and Asia, reaching a diverse clientele that includes federal and state governments, law enforcement agencies, healthcare organizations, and automotive manufacturers.BlackBerry generates revenue primarily through subscription-based models, enterprise software licenses, and partnerships with solution providers across its various product lines. For instance, organizations using BlackBerry UEM subscribe to an annual licensing fee that allows them to manage and secure multiple devices, while BlackBerry Work and AtHoc also operate on similar subscription frameworks, enhancing customer engagement through continuous service and support. The revenue structure is further bolstered by partnerships with OEMs and ISVs, where BlackBerry collaborates to integrate its technology into third-party products, thereby expanding its market reach. Specific pricing plans for these services typically align with the scale of deployment and the number of devices managed, allowing for tailored solutions that meet the distinct needs of enterprises. As BlackBerry continues to focus on securing communications and the Internet of Things (IoT), its revenue streams are increasingly diversified across its embedded software and cybersecurity solutions, reinforcing its position in the market.In the coming years, BlackBerry Ltd aims to launch new products that enhance its existing solutions, particularly in security and mobile management. The company plans to expand its market presence in Asia and Europe by 2024, targeting sectors such as automotive and healthcare for new partnerships. The CAD 100 million raised during its IPO will be utilized to bolster research and development efforts for these initiatives.

## Funding rounds

- Series A, Jan 1, 1995, $3.6M — GrowthWorks Capital

## Investors

- GrowthWorks Capital (https://capitalatlas.ai/funds/growthworks-capital) — Series A