OpenVault Funding: How Much Did They Raise & Key Investors

How Much Did OpenVault Raise?
Funding & Key Investors

OpenVault, a provider of HSD usage data solutions, has secured $392K in total capital, with its most recent funding round amounting to $0. This significant investment underscores the company's established position in the market and its ongoing efforts to support broadband operators globally in managing network resources and enhancing subscriber experiences.

The company's financial history includes two distinct debt financing rounds, totaling $392 million, indicating a strategic approach to capital acquisition for operational scaling and development.

What is OpenVault?

OpenVault

Software

Business Intelligence (BI) Software

Networking Software

Founded in 2010 and headquartered in Hoboken, NJ, OpenVault specializes in tracking broadband data usage consumption for millions of subscribers. Its comprehensive solution suite empowers operators worldwide to optimize network management, leading to substantial savings in time and costs. Furthermore, OpenVault's platform is designed to drive revenue growth and improve subscriber satisfaction by providing actionable insights into data consumption patterns.

How much funding has OpenVault raised?

OpenVault has raised a total of $392K across 2 funding rounds:

2020

Debt

$150K

2021

Debt

$242K

Debt (2020): $150K with participation from PPP

Debt (2021): $242K led by PPP

Key Investors in OpenVault

PPP

Public-Private Partnership

PPP

Public-Private Partnership

What's next for OpenVault?

With its substantial backing and a clear focus on network efficiency and revenue enhancement for broadband providers, OpenVault is well-positioned for continued expansion. The company's large-scale, late-stage funding context suggests a strategic phase focused on market penetration and potentially new service development. Future growth is likely to involve deeper integration with operator systems and the introduction of advanced analytics to further refine network performance and customer engagement strategies.

See full OpenVault company page

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