What is Cradlepoint?
Founded in 2006 and headquartered in Boise, Idaho, Cradlepoint specializes in providing robust, cloud-managed 4G LTE and 5G wireless network solutions. The company serves a diverse clientele, including businesses, service providers, and government organizations, offering comprehensive solutions for branch networks, mobile environments, and the Internet of Things (IoT). Cradlepoint's platform is designed to deliver reliable, secure, and high-performance connectivity, enabling organizations to leverage wireless networks as a primary or backup WAN connection.
How much funding has Cradlepoint raised?
Cradlepoint has raised a total of $147.8M across 5 funding rounds:
Unspecified
$4.3M
Other Financing Round
$1.5M
Series B
$48M
Series C
$89M
Debt
$5M
Unspecified (2011): $4.3M with participation from Undisclosed
Other Financing Round (2012): $1.5M led by Trinity Capital Investment
Series B (2015): $48M supported by Sorenson Capital Partners, Mercato Partners, Delta-v Capital, and The CAPROCK Group
Series C (2016): $89M featuring Technology Crossover Ventures
Debt (2020): $5M backed by PPP
Key Investors in Cradlepoint
Trinity Capital Investment
Trinity Capital Investment is an international alternative asset manager specializing in private credit markets, offering financial solutions like tech lending and equipment financing to high-growth companies.
Sorenson Capital Partners
Sorenson Capital Partners focuses on B2B software companies, providing investment and technical expertise to revolutionize business operations, particularly in cybersecurity, applications, and AI.
Technology Crossover Ventures
Technology Crossover Ventures (TCV) is a venture capital firm that specializes in growth equity investments in technology companies, often participating in later-stage funding rounds.
What's next for Cradlepoint?
The recent strategic investment in Cradlepoint signals a strong confidence from its backers in the company's trajectory and the burgeoning market for advanced wireless networking. With a history of consistent capital raises, Cradlepoint is well-positioned to scale its operations, enhance its product offerings, and expand its market reach. The focus on cloud-delivered solutions aligns with current industry trends, suggesting a continued emphasis on innovation in 5G and IoT connectivity to address the evolving demands of enterprise networks.
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