What is M87?
M87 specializes in the development of advanced mobile networking solutions designed to enhance the performance and capacity of existing wireless infrastructure. Its core offering, the SON platform, facilitates device-to-device connectivity, effectively creating a Proximate Internet that functions even in low-connectivity or offline scenarios. This technology is particularly vital for the Internet of Things, where intelligent, edge-based connections are required to maintain operational continuity. By enabling mobile devices to act as network extenders, M87 addresses the persistent challenges of coverage gaps and bandwidth limitations in dense or remote environments. Following its acquisition by XCOM, the company has further integrated its software expertise with broader wireless innovation initiatives, positioning itself as a key enabler of future-proof connectivity architectures.
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, Madrona Venture Group, and Trilogy Equity Partners
Key Investors in M87
Qualcomm Ventures
A global technology investment arm that focuses on semiconductor advancements, wireless communication solutions, and intelligent computing platforms to accelerate next-generation connectivity.
Madrona Venture Group
A long-standing venture capital firm specializing in early-stage investments across consumer internet, commercial software, and enterprise services.
21Vianet
A leading carrier-neutral data center and cloud services provider that supports critical Internet infrastructure for large enterprises and government entities.
What's next for M87?
Looking ahead, M87 is poised to leverage its integration within the XCOM ecosystem to scale its software solutions across a wider array of industrial and consumer applications. The strategic focus will likely shift toward deepening its footprint in the IoT sector, where the need for resilient, decentralized networking is becoming increasingly acute. With the backing of industry-leading partners and the leadership of former Qualcomm CEO Paul Jacobs, M87 is well-positioned to capitalize on the global transition toward 5G and beyond. Future growth will likely be driven by the commercialization of its edge-computing capabilities, ensuring that M87 remains a critical architect of the next generation of intelligent, connected environments.
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