# PCTEL

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

- Industry: Telecoms
- Headquarters: Bloomingdale, US
- Website: www.pctel.com
- Total disclosed funding: $8.9M
- Latest round: Series C (Feb 4, 1998)
- Investors on record: 1

## About

Based in Illinois, US, and founded in 1994 by Biju Nair, PC-TEL, INC. doing business as PCTEL, Inc. is a provider of wireless technology, including purpose-built industrial IoT devices, antenna systems, and test and measurement solutions. The company operates throughout the region of Europe, the Middle East, Africa, Asia Pacific, and America. The company’s CEO is David Neumann. 


In June 1995, The company sold 0.22 million series A shares to individual investors for USD 0.067 million. In January 1996, PCTEL, Inc raised USD 3.9 million series B financing from WK Technology Fund and its directors and executive officers. In February 1998, the company raised USD 5 million series C financing from WK Technology Fund and other investors. In December 2020, The company entered into a distributor agreement with Allied Electronics & Automation, Inc., a global distributor specializing in industrial automation. 


The company provides connectivity equipment. Its line of products includes communication sensors, radio modules, rugged access points, and other related products. The company also delivers performance-critical technology solutions to the wireless industry. The company operates through two segments: Connected Solutions and RF Solutions. 


The Connected Solutions segment designs and manufactures precision antennas that are used in small cells, enterprise Wi-Fi access points, fleet management, and transit systems, and in equipment and devices for the industrial Internet of things. The RF Solutions segment provides test tools and engineering services that improve the performance of wireless networks globally. region of Europe, Middle East, Africa, Asia Pacific, and America. 


In 2020, the company reported a revenue of $21.2 million in its last quarter and $77.5 million for the year, which is 7.5% lower compared to the fourth quarter of 2019 and 14.5% lower in the year compared to 2019. Revenue was higher by 9.5% for the test and measurement product line and lower by 15.2% for the antenna product line compared to the fourth quarter of 2019. The company’s Adjusted EBITDA is 15.1% of revenue in the fourth quarter of 2020 and 11.7% for the year which is lower compared to 16.3% in the fourth quarter and 12.4% for the year in 2019. 


The company’s future strategy includes increasing the demand for its antennas, IoT devices and 5G solutions in the market

## Funding rounds

- Series C, Feb 4, 1998, $5M — WK Innovation
- Series B, Jan 10, 1996, $3.9M — WK Innovation

## Investors

- WK Innovation (https://capitalatlas.ai/funds/wk-innovation) — Series B, Series C