What is M87?
M87 is at the forefront of mobile networking innovation, developing solutions that significantly boost the performance of existing mobile networks and establish robust connectivity for the Internet of Things (IoT). Their proprietary SON technology transforms mobile devices into a carrier-grade device-to-device network, thereby improving coverage and capacity while maintaining stringent security and billing accuracy. Furthermore, M87's software for IoT applications creates a 'Proximate Internet,' facilitating intelligent communication among edge devices, even in scenarios with limited or no connectivity. The company's recent integration into the XCOM family, under the guidance of former Qualcomm CEO Paul Jacobs, is expected to further amplify its technological capabilities and market reach.
How much funding has M87 raised?
M87 has raised a total of $16.3M across 3 funding rounds:
Private Equity
$4.7M
Series A
$3M
Private Equity
$8.6M
Private Equity (2013): $4.7M, investors not publicly disclosed
Series A (2014): $3M led by 21Vianet and Qualcomm Ventures
Private Equity (2016): $8.6M supported by Madrona Venture Group, Qualcomm Venture Partners, and Trilogy Equity Partners
Key Investors in M87
Madrona Venture Group
Madrona Venture Group, established in 1995, is a venture capital firm with a focus on consumer internet, commercial software, and services, likely bringing strategic guidance and market access to M87's growth.
Qualcomm Venture Partners
Qualcomm Ventures, the investment arm of a global leader in wireless technology, provides M87 with deep industry expertise and potential strategic partnerships within the mobile and semiconductor ecosystem.
Trilogy Equity Partners
Trilogy Equity Partners is an investment firm that likely supports M87's strategic objectives by providing capital and operational insights to foster its expansion in the mobile networking sector.
What's next for M87?
The substantial enterprise-level funding and recent strategic investment position M87 for accelerated expansion and technological advancement. This capital infusion is likely to fuel further research and development into advanced mobile networking and IoT solutions, potentially leading to new product iterations and market penetration strategies. The company's focus on enhancing existing infrastructure and enabling connectivity in difficult environments suggests a strategic push towards enterprise clients and telecommunication providers seeking to optimize their networks and expand their IoT service offerings. M87's integration with the XCOM family also signals potential synergies and collaborative opportunities that could redefine mobile and edge computing paradigms.
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