What is Inseego?
Inseego is a pioneer in the development of 5G technology, specifically engineered to revolutionize enterprise information technology (IT) and operational technology (OT) experiences. By focusing on distributed sites and workforces, the company provides the essential wireless infrastructure required for modern digital transformation. With a quarter-century of expertise, Inseego bridges the gap between complex network requirements and seamless connectivity, ensuring that businesses can effectively access and utilize data in real-time across global operations.
How much funding has Inseego raised?
Inseego has raised a total of $359.7M across 12 funding rounds:
Series D
$20M
Debt
$10M
Corporate Investment
$23.7M
Debt
$25M
Stock Offering
$116M
Debt
$20M
Debt
$48M
Series E
$25M
Debt
$50M
Series D (2000): $20M featuring Cornerstone Equity Investors and Aether Capital Investments
Debt (2001): $10M backed by Silicon Valley Bank
Corporate Investment (2014): $23.7M with participation from HC2 Holdings
Debt (2014): $25M led by Wells Fargo Bank
Stock Issuance/Offering (2015): $116M supported by Undisclosed
Debt (2017): $20M featuring Lakestar Semi Inc.
Debt (2017): $48M backed by Highbridge Capital Management
Series E (2020): $25M with participation from Tavistock Group, North Sound Partners, and Mubadala Capital
Debt (2022): $50M led by Siena Lending Group
Key Investors in Inseego
Mubadala Capital
Mubadala is a global investment company based in Abu Dhabi with a mandate to create sustainable financial returns through a globally integrated and diversified economy.
BMO Bank of Montreal
BMO provides diversified financial services across North America, offering comprehensive banking, investment, and wealth management advisory solutions to institutional and retail clients.
Wells Fargo Bank
Wells Fargo is a leading U.S. financial services firm providing a broad spectrum of banking, lending, and investment solutions to a diverse client base.
What's next for Inseego?
With the support of its latest strategic financing, Inseego is well-positioned to accelerate its product roadmap and expand its footprint in the enterprise 5G market. The company's focus remains on enhancing the reliability and performance of its wireless hardware and software solutions, which are increasingly vital for the industrial internet of things (IIoT) and remote workforce management. As the demand for high-speed, low-latency connectivity continues to surge, Inseego's ability to leverage its capital reserves will be pivotal in maintaining its competitive edge against emerging network infrastructure providers. Future growth will likely center on deepening its integration within the OT sector, where secure and resilient connectivity is becoming a non-negotiable operational requirement.
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