What is Cubic3?
Founded in 2005 and headquartered in Dublin, Ireland, Cubic Telecom operates as a global connectivity platform provider. The company specializes in offering robust solutions for the Internet of Things (IoT), machine-to-machine (M2M) communications, and device manufacturing industries worldwide. Cubic Telecom's core offering is an over-the-air (OTA) embedded solution that facilitates essential functions such as software updates, telematics services, advanced infotainment systems, location-based services, and real-time data management for its diverse user base. The company's focus on enabling seamless connectivity for connected devices positions it as a key player in the rapidly expanding IoT ecosystem.
How much funding has Cubic3 raised?
Cubic3 has raised a total of $118.1M across 8 funding rounds:
Private Equity
$2.2M
Private Equity
$5.2M
Series B
$5M
Private Equity
$20.2M
Series C
$45.1M
Other Financing Round
$26.4M
Private Equity
$12.2M
Private Equity (2008): $2.2M, investors not publicly disclosed
Private Equity (2013): $5.2M supported by Act Venture Capital, Enterprise Ireland, and QUALCOMM Incorporated
Series B (2014): $5M featuring Enterprise Ireland, Qualcomm, and Sierra Wireless
Private Equity (2015): $20.2M backed by Qualcomm and Audi Electronics Venture GmbH
Series C (2017): $45.1M with participation from Valid Soluciones Tecnologicas, Ireland Strategic Investment Fund, Qualcomm, and Audi Electronics Venture GmbH
Other Financing Round (2019): $26.4M led by European Investment Bank
Private Equity (2020): $12.2M supported by Act Venture Capital
Key Investors in Cubic3
Ireland Strategic Investment Fund
The Ireland Strategic Investment Fund (ISIF) is a sovereign development fund focused on investing to bolster economic activity and employment in Ireland, with a mandate to support sustainable development through various sectors.
Qualcomm
Qualcomm Incorporated is a global leader in wireless technologies, driving the evolution of digital communications and providing semiconductor solutions for connected devices.
Audi Electronics Venture GmbH
Audi Electronics Venture GmbH is an investment arm likely focused on technologies and companies that enhance automotive electronics and connectivity solutions.
What's next for Cubic3?
The substantial enterprise-level backing Cubic3 has received, particularly the recent strategic investment, signals a strong market confidence in its technology and growth trajectory. This capital infusion is likely to accelerate product development, expand global market reach, and enhance its platform capabilities to meet the escalating demand for connected solutions across various industries. Cubic3 is poised to further solidify its position as a leader in the IoT connectivity space, driving innovation and enabling the next generation of connected devices and services.
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