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Cradlepoint is an acquired company based in Boise (United States), founded in 2004 by Ryan Adamson. It operates as a Provider of Cloud-based network infrastructure for IoT applications. Cradlepoint has raised $155M in funding from investors like TCV, Sorenson Capital and OVP Venture Partners. The company has 424 active competitors, including 73 funded and 60 that have exited. Its top competitors include companies like Netskope, Aryaka Networks and ZTE.
Company Details
Provider of Cloud-based network infrastructure for IoT applications. Its product portfolio includes router solutions and cloud management solutions to monitor and manage endpoints in a distributed environment, across networks from a single point. Its platform offers network infrastructure and software-defined wireless WAN solutions for service providers and mobile enterprises. The application is available on the Android platform.
- Website
- cradlepoint.com
- Social
- Part Of
- ericsson.com
Key Metrics
Founded Year
2004
Location
Boise, United States
Stage
Acquired
Total Funding
$155M in 7 rounds
Latest Funding Round
Ranked
1st among 424 active competitors
Employee Count
693 as on Dec 31, 2022
Exit Details
Acquired by Ericsson (Sep 18, 2020)
Legal entities associated with Cradlepoint
Cradlepoint is associated with 2 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Net Profit | Employee Count |
|---|---|---|---|---|
Feb 20, 2009 | $25M - $100M (as on Mar 09, 2017) | 499 | 101 | |
Dec 26, 999 | - | 783 | 530 |
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Cradlepoint's acquisition details
Cradlepoint got acquired by Ericsson on Sep 18, 2020 at an acquisition amount of $1.1B. It was facilitated by Evercore.
Click here to take a look at Cradlepoint's acquisition in detail
Cradlepoint's funding and investors
Filter this listCradlepoint has raised a total funding of $155M over 7 rounds. Its first funding round was on Oct 2007. Its latest funding round was a Series C round on Mar 09, 2017 for $89.2M. 1 investor participated in its latest round, lead by TCV.
Cradlepoint has 11 institutional investors including TCV, Sorenson Capital and OVP Venture Partners.
Here is the list of recent funding rounds of Cradlepoint:
Date of funding | Funding Amount | Round Name | Post money valuation | Revenue multiple | Investors |
|---|---|---|---|---|---|
Mar 09, 2017 | $89.2M | Series C | 6826239 | 4176489 | |
Feb 09, 2015 | $48M | Series B | 4013877 | 7699727 | |
Jul 24, 2012 | $1.5M | Series B | 9715256 | 6343253 |
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Cradlepoint's founders and board of directors
Founder? Claim ProfileThe founders of Cradlepoint is Ryan Adamson.
Here are the details of Cradlepoint's key team members:
- Ryan Adamson: Former Founder & CRO of Cradlepoint.
View details of Cradlepoint's Founder profiles and Board Members
Cradlepoint's employee count trend
Cradlepoint has 693 employees as of Dec 22. The total employee count is 22.0% more than what it was in Dec 21. Here is Cradlepoint's employee count trend over the years:Uncover Cradlepoint's growth story! Sign up today!Access Tracxn on any website
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Cradlepoint's Competitors and alternates
Top competitors of Cradlepoint include Netskope, Aryaka Networks and ZTE. Here is the list of Top 10 competitors of Cradlepoint, ranked by Tracxn score:
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Overall Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Cradlepoint 2004, Boise (United States), Acquired | Provider of Cloud-based network infrastructure for IoT applications | $155M | 76/100 | |
2nd | Netskope 2012, Santa Clara (United States), Series I | Cloud security platform for enterprises | $1.44B | 75/100 | |
3rd | Aryaka Networks 2009, San Mateo (United States), Series F | Provider of a Unified Secure Access Service Edge (SASE) solution that converges wide-area networking and security into a cloud-based service, enabling secure, agile, and scalable connectivity for enterprises | $192M | 70/100 | |
4th | Enterprise SD WAN network management solutions provider | - | 69/100 | ||
5th | Cato Networks 2015, Tel Aviv (Israel), Series G | Cloud network security management software | $773M | 68/100 | |
6th | Perimeter 81 2018, New York City (United States), Acquired | Provider of network security solutions | $165M | 66/100 | |
7th | Ondas Networks 2006, Sunnyvale (United States), Public | Developer of broadband communication technologies for IoT | $2.52M | 66/100 | |
8th | Provider of a platform for IoT deployments | $122M | 63/100 | ||
9th | Versa Networks 2012, Cupertino (United States), Series D | Cloud-based platform offering SASE network security solutions | $316M | 62/100 | |
10th | Cloud services for M2M and IoT | $80M | 61/100 |
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Cradlepoint's Investments and acquisitions
Cradlepoint has made 1 investment in Leary Firefighters and acquired Ericom and Pertino. Here is the list of these investments and acquisitions:
Date of Investment/Acquisition | Type | Company Name | Founded Year | Location |
|---|---|---|---|---|
Apr 05, 2023 | Acquisition | 1993 | Jerusalem, Israel | |
Apr 20, 2022 | Investments | 2000 | New York City, United States | |
Dec 08, 2015 | Acquisition | 2011 | Los Gatos, United States |
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Here is the latest report on Cradlepoint's sector:
News related to Cradlepoint
Filter this listMedia has covered Cradlepoint for a total of 3 events in the last 1 year, 2 of them have been about company updates and 1 about partnerships.
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Ericsson launches Cradlepoint X20 5G Router with network slicing capabilities for enterprise customersCartt.ca•Feb 13, 2025•Ericsson, Cradlepoint
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Cradlepoint Enhances Wyoming Highway Patrol Vehicle Connectivity with Cellular-to-Satellite FailoverGlobeNewswire•Aug 29, 2024•Cradlepoint
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T-Mobile Bolsters Connected Workplace with Addition of CradlepointGlobeNewswire•May 29, 2024•Cradlepoint, T-Mobile
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Westcon-Comstor to distribute Cradlepoint wireless network edge services in TaiwanTelecompaper•May 16, 2024•Westcon-Comstor, Cradlepoint
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UScellular Expands Portfolio With NetCloud Private Networks by CradlepointTelecom Talk•May 10, 2024•UScellular, Cradlepoint
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UScellular Adds Cradlepoint to its Private Cellular Network PortfolioPR Newswire•May 09, 2024•UScellular, Cradlepoint, T-Mobile
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