# MMB Networks

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/mmb-networks

- Industry: Software
- Headquarters: Toronto, Canada
- Website: www.mmbnetworks.com
- Total disclosed funding: $10M
- Latest round: Series B (Jan 7, 2016)
- Investors on record: 5

## About

MMB Networks provides advanced connectivity solutions tailored for smart energy applications, facilitating efficient communication through various technologies including Zigbee, WiFi, and Bluetooth.Founded by Alireza Motamed, MMB Networks is headquartered in Toronto, Canada, focusing on smart energy applications. The company received USD 7.00 mn in SERIES B funding on January 7, 2016, led by Roadmap Capital, with participation from ArcTern Ventures, NXP Semiconductors N.V., and VentureLink. The company has successfully completed two deals to date.MMB Networks specializes in providing advanced connectivity solutions for smart energy applications through a range of communication modules and gateways, including Zigbee, WiFi, Bluetooth, and Thread technologies. Their core product offerings focus on enabling seamless, scalable, and secure communication networks that support diverse use cases such as smart metering, street lighting, solar tracking, and distribution automation. By integrating their technologies, municipalities, utilities, and businesses can efficiently manage energy consumption and enhance operational sustainability. The company's products are designed to be pre-certified and tested, allowing quick deployment with minimal engineering effort, ultimately catering to a global client base across markets in North America, Europe, and Asia.MMB Networks operates on a B2B model, generating revenue through the sale of its communication modules and development services, which are provided to Fortune 500 companies and innovative enterprises within the energy sector and Internet of Things (IoT) industries. Transactions typically involve direct sales agreements whereby clients purchase pre-certified modules or engage in design and development partnerships to create tailored solutions. The company’s flagship products, such as the Wi-SUN Module and various Zigbee solutions, support customers in launching their smart energy projects efficiently. MMB Networks also offers full-turnkey manufacturing services, allowing clients to outsource production while focusing on their strategic goals, thereby enhancing the overall value proposition for their commercial partners.MMB Networks plans to leverage its recent funding of USD 7.00 mn from the SERIES B financing led by Roadmap Capital to enhance its product offerings and expand into new markets. Upcoming products are expected to be designed to further integrate smart energy solutions by the end of 2017. The company aims to increase its presence in Europe and Asia, targeting specific energy sectors in these regions to establish partnerships and offer its advanced connectivity solutions. This strategic growth will utilize the funding to drive innovation and market expansion.

## Funding rounds

- Series B, Jan 7, 2016, $7M — VentureLink, NXP Semiconductors N.V., ArcTern Ventures, Roadmap Capital
- Series A, Dec 1, 2013, $3M — Plaza Ventures

## Investors

- Plaza Ventures (https://capitalatlas.ai/funds/plaza-ventures) — Series A
- VentureLink — Series B
- NXP Semiconductors N.V. — Series B
- ArcTern Ventures (https://capitalatlas.ai/funds/arctern-ventures) — Series B
- Roadmap Capital (https://capitalatlas.ai/funds/roadmap-capital) — Series B