What is Cubic3?
Founded in 2005 and headquartered in Dublin, Ireland, Cubic Telecom is a global connectivity platform company specializing in solutions for the Internet of Things (IoT), machine-to-machine (M2M) communication, and device manufacturing sectors. Their proprietary over-the-air embedded solution facilitates essential functions such as software updates, telematics, infotainment, location-based services, and real-time data management for a diverse user base. The company's strategic focus on enabling seamless connectivity for connected devices positions it as a key player in the evolving digital landscape.
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 QUALCOMM Incorporated, Enterprise Ireland, and Act Venture Capital
Series B (2014): $5M featuring Sierra Wireless, Enterprise Ireland, and Qualcomm
Private Equity (2015): $20.2M backed by Qualcomm and Audi Electronics Venture GmbH
Series C (2017): $45.1M with participation from Audi Electronics Venture GmbH, Qualcomm, Valid Soluciones Tecnologicas, and Ireland Strategic Investment Fund
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
Sierra Wireless
Sierra Wireless is a leading IoT solutions provider that integrates devices, network services, and software to drive value in the connected economy. They specialize in developing industry-specific IoT solutions, from edge device connectivity to cloud management platforms.
Enterprise Ireland
Enterprise Ireland is a government agency dedicated to fostering the growth and development of Irish businesses in manufacturing and internationally traded services. They support companies in expanding their global reach and competitiveness.
Qualcomm
Qualcomm Incorporated is a global leader in wireless technology innovation, developing advanced digital communication systems. Their expertise spans licensing and semiconductor businesses, providing cutting-edge solutions for mobile devices, networks, and connected ecosystems.
What's next for Cubic3?
With a history of consistent capital raises, including a recent strategic investment, Cubic3 appears poised for its next phase of scaling and market penetration. The company's established presence in the IoT and M2M space, coupled with its robust platform capabilities, suggests a strategic direction focused on expanding its service offerings and global reach. Future developments are likely to involve enhancing its connectivity solutions and forging new partnerships to capitalize on the growing demand for connected devices across various industries.
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