What is Cradlepoint?
Headquartered in Boise, Idaho, Cradlepoint operates at the intersection of cloud computing and telecommunications. The company specializes in delivering robust, software-defined network solutions that empower businesses, government agencies, and service providers to maintain seamless connectivity across branch, mobile, and IoT environments. By leveraging cloud-native management platforms, Cradlepoint enables enterprises to deploy secure, high-performance wide-area networks that are both scalable and resilient, effectively bridging the gap between traditional hardware-centric networking and the demands of the modern digital enterprise.
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 The CAPROCK Group, Mercato Partners, Sorenson Capital Partners, and Delta-v Capital
Series C (2016): $89M featuring Technology Crossover Ventures
Debt (2020): $5M backed by PPP
Key Investors in Cradlepoint
Sorenson Capital Partners
A growth-oriented firm that collaborates with B2B product-first founders to address scaling bottlenecks through technical expertise and go-to-market support.
Technology Crossover Ventures
A Menlo Park-based investment firm specializing in late-stage growth capital, mergers, and recapitalization strategies for technology companies.
Trinity Capital Investment
An international alternative asset manager providing specialized financial solutions, including tech lending and equipment financing for high-growth enterprises.
What's next for Cradlepoint?
With a foundation built on major enterprise-level funding, Cradlepoint is well-positioned to accelerate its innovation roadmap in the 5G and edge computing sectors. The company's strategic focus remains on enhancing its software-defined perimeter capabilities and expanding its footprint within the rapidly evolving IoT ecosystem. As organizations continue to prioritize decentralized operations and remote workforce agility, Cradlepoint's ability to provide reliable, cloud-managed connectivity will likely remain a primary driver of its long-term growth and market dominance.
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