Cradlepoint Closes $89m Series C Funding

Funding Rounds

▤ Summary

Cradlepoint, a Boise, ID-based provider of cloud-based network solutions for connecting people, places, and things over wired and wireless broadband, closed an $89m Series C funding.In connection with the financing, Ted Coons, General Partner at TCV, and Doug Gilstrap, Venture Partner at TCV, joined Cradlepoint’s board of directors.The company intends to use the funds to expand product initiatives in Software-Defined Networking (SDN), advanced 4G and 5G wireless connectivity, and enterprise Internet of Things (IoT).Led by George Mulhern, CEO, Cradlepoint provides cloud-based network solutions for connecting people, places, and things over wired and wireless broadband.Over 15,000 enterprise and government organizations around the world use Cradlepoint’s solutions to keep critical sites, workforces, vehicles, and devices always connected and protected while major service providers use the company’s network as the foundation for innovative managed service offerings.

$ Funding

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Amount $89.0M Total raised
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Date March 9, 2017 Announcement date
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Investors CradlePoint, Technology Crossover Ventures Lead investors
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Company http://www.cradlepoint.com Funded company

▥ Classifications

industries
No industries detected
applications
Web and Content Management

◇ AskAI Classifications

Labels
Enterprise Software Network Security Cloud Management

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