What is M87?
M87 is a pioneering technology firm specializing in next-generation mobile networking solutions designed to optimize existing network performance and facilitate seamless connectivity in challenging IoT environments. Its flagship product, SON, effectively transforms standard mobile devices into a carrier-grade, device-to-device network, significantly enhancing coverage and capacity while maintaining rigorous standards for security and billing accuracy. Beyond traditional mobile enhancements, M87 provides sophisticated software for the Internet of Things, enabling the creation of a Proximate Internet. This architecture allows for intelligent, localized connections among edge devices, ensuring operational continuity even in offline or low-connectivity scenarios. Following its acquisition by the XCOM family, M87 is now positioned to leverage deeper technical expertise and leadership to redefine the boundaries of wireless communication and edge computing.
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 Qualcomm Venture Partners, Trilogy Equity Partners, and Madrona Venture Group
Key Investors in M87
Qualcomm Ventures
Qualcomm Incorporated is a global technology leader developing advanced semiconductor technologies and wireless communication solutions that power connected devices across diverse industries.
Madrona Venture Group
Founded in 1995, Madrona Venture Group is a venture capitalist investment firm focused on consumer internet, commercial software, and enterprise services.
21Vianet
21Vianet Group, Inc. is a leading carrier- and cloud-neutral Internet data center services provider in China, offering hosting, cloud, and business VPN services.
What's next for M87?
With the backing of major strategic partners, M87 is poised to accelerate the deployment of its Proximate Internet technology across global enterprise and industrial sectors. The current funding context suggests a focus on scaling operations and deepening integration within the XCOM ecosystem, particularly under the guidance of former Qualcomm CEO Paul Jacobs. Future strategic initiatives will likely prioritize the expansion of M87's software capabilities to support the next wave of 5G and edge-computing applications. By focusing on high-growth areas such as industrial IoT and mission-critical connectivity, M87 is well-positioned to maintain its competitive edge in the evolving wireless landscape, ensuring that its device-to-device networking solutions remain at the forefront of digital infrastructure innovation.
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