What is iNet?
Infrastructure Networks (iNet), founded in 2011, specializes in delivering broadband wireless connectivity to upstream oil and gas operators in remote and challenging environments. The company has successfully expanded its network coverage to span over 130,000 miles across key shale basins like the Permian, Bakken, Eagle Ford, and Scoop/Stack. iNet's objective is to provide unparalleled reliability, availability, and throughput, bringing data center-grade performance to industries operating in remote locations. Their services are now utilized across a diverse range of remote industries, demonstrating the versatility and essential nature of their infrastructure.
How much funding has iNet raised?
iNet has raised a total of $22.6M across 5 funding rounds:
Private Equity
$10.6M
Debt
$462K
Private Equity
$3.3M
Private Equity
$3.8M
Debt
$4.5M
Private Equity (2013): $10.6M, investors not publicly disclosed
Debt (2014): $462K led by Texas Ventures and Altira Group
Private Equity (2015): $3.3M, investors not publicly disclosed
Private Equity (2016): $3.8M, investors not publicly disclosed
Debt (2017): $4.5M, investors not publicly disclosed
Key Investors in iNet
Texas Ventures
Texas Ventures is a private equity and venture capital firm specializing in structured finance, capital markets, and technology. The firm invests in various technology sectors including Communications, FinTech, Software, Healthcare & Life Sciences, Specialty Finance, and Energy Transition & Renewables. Texas Ventures provides investment capital and expertise to companies that may be underserved by traditional financing sources, focusing on creating long-term value for investors and stakeholders. With significant operating experience, the firm acts efficiently to support entrepreneurs and managers in building world-class companies.
Altira Group
Altira Group LLC is a venture capital firm that specializes in funding energy technology products and services. The company partners with innovative entrepreneurs to drive advancements in the energy sector, leveraging a vast network of industry leaders. With over $1 billion invested in more than 50 portfolio companies, Altira focuses on disruptive technologies that enhance operational efficiency and sustainability. Their expertise and commitment to innovation position them as a key player in shaping the future of energy.
What's next for iNet?
With a substantial enterprise-level funding context, iNet is well-positioned for continued expansion and technological advancement. The recent financing, though undisclosed, signals strong investor confidence in the company's growth trajectory and its ability to serve critical infrastructure needs. Future strategic initiatives are likely to focus on further network densification, exploring new remote industry verticals, and potentially enhancing their service offerings with next-generation wireless technologies. This capital infusion will be instrumental in solidifying iNet's market leadership and driving innovation in connectivity for underserved regions.
See full iNet company page
