# Thingstream

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

- Industry: Software
- Headquarters: UK
- Website: www.thingstream.io
- Latest round: Series A (Oct 29, 2019)
- Investors on record: 1

## About

Thingstream Ltd is a UK-based company that specializes in Internet of Things (IoT) connectivity solutions, providing a robust platform for efficient data communication across various devices.Founded in 2018, Thingstream Ltd operates as an IoT service delivery platform, facilitating seamless data communication for enterprises. The company, headquartered in the UK, was acquired by u-blox AG in April 2020 for CHF 10 million. The total amount raised by Thingstream through its funding rounds is CHF 10 million, encompassing 2 deals, with the latest round being a Trade Sale on 2020-04-01. The founder's previous entrepreneurial experience is not documented.Thingstream operates as a sophisticated IoT service delivery platform, providing a comprehensive range of products and services designed to facilitate efficient data communication and connectivity for enterprises. At the core of its offerings is a cloud-based platform that integrates IoT connectivity, security, and an enterprise-grade MQTT broker, allowing businesses to manage their IoT devices seamlessly. The platform supports managed services that enable bearer-agnostic connectivity across various IoT devices, including cellular, LoRaWAN, and IP-based systems. Additionally, Thingstream offers IoT Communication-as-a-Service and IoT Location-as-a-Service, which enhance GNSS positioning and provide reliable, scalable solutions for various applications. The company serves a diverse client base across multiple industries, including industrial automation, healthcare, automotive, and consumer technology, adeptly catering to markets in North America, Europe, and Asia-Pacific.In the most recent year, Thingstream reported a revenue of CHF 3,421,387.60 and an EBITDA of CHF 297,015.60. The revenue structure is derived primarily from subscription-based services, enabling businesses to access its IoT management capabilities on a recurring basis. Clients engage with the platform under various pricing plans that facilitate their specific needs, such as IoT Communication-as-a-Service, which allows for flexible connectivity options and cloud-based integration.Thingstream's future growth initiatives include plans for expanding its service offerings and targeting new geographic markets. The company aims to enhance its platform with new products designed for enhanced IoT connectivity. Future expansions are expected to focus on regions in North America and Asia-Pacific, aligning with the company’s strategic objectives as outlined in its recent acquisition by u-blox AG, which provides additional resources and support. The funding from the Trade Sale will be utilized to bolster these strategic initiatives.

## Funding rounds

- Series A, Oct 29, 2019 — Momenta Ventures

## Investors

- Momenta Ventures (https://capitalatlas.ai/funds/momenta-ventures) — Series A