# GenXComm

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

- Industry: Telecoms
- Headquarters: Austin, US
- Website: www.genxcomm.com
- Total disclosed funding: $29M
- Latest round: Series B (Jul 29, 2021)
- Investors on record: 10

## About

GenXComm Inc. is a US-based company specializing in private 5G and LTE network solutions designed for enterprises, enhancing their telecommunications infrastructure and operational efficiency.GenXComm Inc., founded in 2016, is headquartered in Austin, US, and focuses on delivering private cellular network solutions. The company has executed a total of 8 deals, with its most recent funding round being a Series B in July 2023, raising USD 8.222 mn, bringing the total amount raised to USD 8.222 mn and valuing the company at USD 38.454 mn. The founders include Hardik Jain and Sriram V., with Allen Proithis and Sriram Vishwanath serving as the current CEOs.GXC Onyx offers comprehensive end-to-end private 5G and LTE cellular network solutions tailored for enterprises. Their core products include an integrated private LTE/5G network, encompassing Radio Access Network (RAN), Core, Mesh, Network Management Systems (NMS), and Subscriber Identity Module (SIM) functionalities. The GXC Mesh architecture enables quick deployment and scalability across industries like manufacturing, logistics, healthcare, and entertainment, serving clients in the US, Europe, and Asia.GXC Onyx operates on a business-to-business (B2B) model, generating revenue through partnerships and direct sales of its private cellular network solutions. The company relies on long-term contracts and subscription models, offering various service levels that include hardware, software, and ongoing support for network management. Their flagship products, such as the ONYX platform and GXC mesh nodes, are central to their revenue strategy, ensuring enterprises can access reliable private network solutions while maintaining budget control.Following the recent Series B funding round in July 2023, which raised USD 8.22 million, GenXComm Inc. plans to utilize these funds to develop new products, enhance their existing offerings, and expand into new markets. They are targeting geographic regions including North America and Europe for expansion, with plans to launch additional solutions aimed at improving enterprise connectivity by the end of 2024.

## Funding rounds

- Series B, Jul 29, 2021, $20M — Intel Capital, Azure Capital Partners, The Raine Group, BMW i Ventures, Bandgap Ventures, Motive Companies
- Series A, Nov 15, 2017, $7M — Intel Capital, Azure Capital Partners, WS Investments, Capital Factory, UT Horizon Fund, Bandgap Ventures, FAM Capital Partners
- Seed, Jun 20, 2017, $1.5M — UT Horizon Fund, FAM Capital Partners

## Investors

- UT Horizon Fund (https://capitalatlas.ai/funds/ut-horizon-fund) — Seed, Series A
- FAM Capital Partners — Seed, Series A
- Intel Capital (https://capitalatlas.ai/funds/intel-capital) — Series A, Series B
- Azure Capital Partners (https://capitalatlas.ai/funds/azure-capital-partners) — Series A, Series B
- WS Investments (https://capitalatlas.ai/funds/ws-investments) — Series A
- Capital Factory (https://capitalatlas.ai/funds/capital-factory) — Series A
- Bandgap Ventures (https://capitalatlas.ai/funds/bandgap-ventures) — Series A, Series B
- The Raine Group (https://capitalatlas.ai/funds/the-raine-group) — Series B
- BMW i Ventures (https://capitalatlas.ai/funds/bmw-i-ventures) — Series B
- Motive Companies — Series B