# Planetary Network Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/planetary-network-technologies

- Industry: Telecoms
- Headquarters: San Jose, US
- Website: www.ignitiondl.com
- Total disclosed funding: $9.7M
- Latest round: Series A (Jul 19, 2016)
- Investors on record: 3

## About

Planetary Network Technologies, Inc. provides advanced telecommunications solutions focusing on smart gigabit-class WiFi systems for comprehensive coverage in residential and commercial settings.Planetary Network Technologies, Inc. specializes in advanced telecommunications solutions, particularly in smart gigabit-class WiFi systems. The company was founded in 2015 and is headquartered in San Jose, US. It has engaged in one notable funding round, raising USD 9.74 mn in Series A funding on July 19, 2016, from investors including 5Y Capital, Inventech Investments Co., and Sierra Ventures. The current valuation of the company is USD 39.414 mn.IgnitionDL specializes in providing advanced telecommunications solutions, primarily focusing on smart gigabit-class WiFi systems designed for whole home coverage. Their core product offerings include a comprehensive range of access points, switches, gateways, access controllers, routers, and a cloud-based management platform, all powered by EasyMesh technology. These products are engineered to address user experience challenges related to large-area WiFi coverage, scalability, cognitive radio management, and the convergence of 4G/5G networks. Leveraging AI technologies, they enhance network management and IoT security, ultimately improving customer serviceability and reducing maintenance costs. IgnitionDL's products are targeted at the Japanese market, notably through a partnership with SoftBank Japan for deployment in the greater Tokyo region.IgnitionDL generates revenue through a structured model encompassing partnerships, direct sales, and subscriptions for their comprehensive WiFi management solutions. Their business transactions are characterized by B2B relationships, particularly with telecommunications carriers and service providers, allowing them to serve a wide client base, including both commercial and residential end-users. The company's flagship products are offered under specific pricing plans that reflect the value of the technology and support provided. Revenue streams also include fees associated with their cloud-based management services, along with potential agreements for ongoing maintenance and upgrades to ensure continuous client support and enhancements for their WiFi systems.The company plans to strategically utilize the recent Series A funding of USD 9.74 mn raised on July 19, 2016, to support new product developments and market expansions. There are initiatives to enhance their product line with upcoming technologies aimed at improving WiFi performance and user experience. They also intend to expand their market presence into additional regions beyond Japan, targeting new geographical areas by the end of 2024 to broaden their customer reach and service offerings.

## Funding rounds

- Series A, Jul 19, 2016, $9.7M — Sierra Ventures, 5Y Capital, Inventech Investments Co.

## Investors

- Sierra Ventures (https://capitalatlas.ai/funds/sierra-ventures) — Series A
- 5Y Capital (https://capitalatlas.ai/funds/5y-capital) — Series A
- Inventech Investments Co. — Series A