# CommSolid

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

- Industry: Marketing/Advertising
- Headquarters: Dresden, Germany
- Website: www.commsolid.com
- Latest round: Seed (Jul 21, 2016)
- Investors on record: 2

## About

CommSolid GmbH is a technology company specializing in advanced connectivity solutions and cellular IoT systems, emphasizing low power consumption tailored for diverse IoT applications.Founded in 2015 in Dresden, Germany, CommSolid GmbH focuses on cellular IoT solutions. The company was established by Matthias Weiss and Thomas Konrad, who have backgrounds in technology and innovation. In December 2018, High-Tech Gründerfonds sold their shares in CommSolid GmbH to Shenzhen Goodix Technology Co., Ltd. Financial terms of the deal were not disclosed.CommSolid specializes in providing advanced connectivity and cellular IoT solutions, focusing on ultra-low power consumption tailored for the rapidly evolving IoT markets. Their main product offerings include the Commsolid by Goodix NB-IoT solution, which enables seamless and reliable communication for a wide range of applications. These solutions leverage extensive industry experience, allowing for integration into various devices such as wearables, smart home devices, and industrial equipment. The company addresses critical use cases like gesture recognition through the integration of AIfES® technology, making it possible for users to classify gestures using their Android fitness devices or smartwatches. CommSolid's client base spans international customers across Europe, North America, and Asia, catering to industries that require optimized communication solutions for IoT applications.CommSolid generates revenue primarily through B2B transactions, partnering with manufacturers and developers in the IoT space to implement its solutions. Transactions typically occur through direct sales agreements or partnerships, where clients acquire the company's technology to integrate into their own products. This model allows clients to leverage CommSolid's proprietary technology, including its flagship NB-IoT solutions, enhancing their product offerings while providing secure and efficient connectivity. In addition to direct sales, CommSolid may engage in subscription-based models for ongoing support and updates, ensuring that clients remain at the forefront of IoT advancements. The company’s revenue structure is built on delivering value through innovation, catering to a diverse range of end-users across multiple sectors.CommSolid is focused on innovating and launching new products, particularly in the field of IoT, with plans to enhance its NB-IoT offerings further. The company is strategically targeting expansion into North America and Asia by 2025, aiming to increase its client base in these regions. The recent funding from the sale of shares to Shenzhen Goodix Technology Co., Ltd. will be utilized to support these initiatives, allowing for the enhancement of product development and market outreach.

## Funding rounds

- Seed, Jul 21, 2016 — High-Tech Gruenderfonds, Mittelstandische Beteiligungsgesellschaft Sachsen

## Investors

- High-Tech Gruenderfonds (https://capitalatlas.ai/funds/high-tech-gruenderfonds) — Seed
- Mittelstandische Beteiligungsgesellschaft Sachsen (https://capitalatlas.ai/funds/mittelstandische-beteiligungsgesellschaft-sachsen) — Seed