# CradlePoint

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

- Industry: Telecoms
- Headquarters: Boise, US
- Website: www.cradlepoint.com
- Total disclosed funding: $156M
- Latest round: Series C (Mar 9, 2017)
- Investors on record: 6

## About

CradlePoint, Inc. specializes in providing advanced wireless communication solutions, focusing on private cellular networks and WAN solutions to enhance connectivity in various business environments.Founded in 2006 in Boise, US, CradlePoint, Inc. delivers wireless communication technologies. The company was acquired by Ericsson for USD 1.1 billion in September 2020. CEO George Mulhern has led the company through its strategic developments, positioning it prominently in the wireless solutions sector.CradlePoint, Inc. offers a range of advanced wireless communication products, including routers, adapters, and cellular access points designed for private cellular networks and WAN solutions. These products are aimed at enhancing connectivity across multiple industries such as retail, logistics, and manufacturing. Their solutions are marketed globally, with notable deployments in North America, Europe, and parts of Asia, enabling businesses to achieve reliable, high-speed connectivity tailored to operational requirements. The company also specializes in Private 5G solutions that help organizations establish secure, dedicated networks.In the most recent year of 2019, CradlePoint, Inc. reported a revenue of USD 150,000,000, primarily generated through direct sales to enterprise customers and supported by service agreements that ensure ongoing maintenance and updates.Post-acquisition, CradlePoint plans to leverage Ericsson's global footprint to expand its market presence, focusing on introducing new products within the next year aimed at enhancing operational efficiencies for enterprise clients. The recent funding from the acquisition will be utilized to support these initiatives, aiming for expansion in North America and Europe by 2022.

## Funding rounds

- Series C, Mar 9, 2017, $89M — TCV
- Series B, Apr 13, 2015, $48M — Sorenson Capital, Delta-v Capital, Caprock Group
- Series B, Apr 8, 2011, $11M — Highway 12 Ventures, OVP Venture Partners
- Series B, Dec 14, 2010, $7.5M — Highway 12 Ventures, OVP Venture Partners
- Seed, Jul 1, 2009 — Highway 12 Ventures

## Investors

- Highway 12 Ventures (https://capitalatlas.ai/funds/highway-12-ventures) — Seed, Series B
- OVP Venture Partners (https://capitalatlas.ai/funds/ovp-venture-partners) — Series B
- Sorenson Capital (https://capitalatlas.ai/funds/sorenson-capital) — Series B
- Delta-v Capital (https://capitalatlas.ai/funds/delta-v-capital) — Series B
- Caprock Group — Series B
- TCV (https://capitalatlas.ai/funds/tcv) — Series C