Tracxn's proprietary taxonomy brings to you top Business Models in Telecom rebrand.ly/eid4r Get our free reports on Practice Area or sector of your interest to your mailbox regularly https://rb.gy/cx2upn

1. TRACXN TOP BUSINESS MODELS REPORT
January 07, 2021
TELECOM

2. Telecom - Top Business Models Report Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Contents
Telecom Funding - Overview 3
Top Funded Business Models 4
One pagers 7
Appendix 31
2

3. Telecom - Top Business Models Report Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Telecom - Funding in last 1 year
3
Telecom Infrastructure Tech $805M
OSS & BSS $324M
Y-o-Y Funding
Top Investors by Funding Rounds
Seed
Stage
Y Combinator
Telecom Infra Project
Ben Franklin Technology P..
2
2
1
Early
Stage
Intel
Khosla Ventures
Viola Group
1
1
1
Late
Stage
Liberty Global
Sequoia Capital
Mayfield
2
1
1
Funding by Geography
Top Feeds by $ Funding
Top Funding Rounds
United States (74%)
China (19%)
Israel (3%)
Canada (2%)
France (1%)
United Kingdom (1%)
Spain (0%)
Others (0%)
$ Funding # Rounds
Kymeta
(2012, United States)
$215M - Series E
AsiaInfo
(1993, China)
$181M - Series D
Vapor
(2015, United States)
$90.0M - Series C
Kymeta
(2012, United States)
$85.2M - Angel
Plume
(2015, United States)
$77.9M - Series D
Versa Networks
(2012, United States)
$52.0M - Series D
Source Photonics
(2007, United States)
$40.0M - Series C
Cellwize
(2012, Israel)
$32.0M - Series B
Ubicquia
(2014, United States)
$30.0M - Series C
Tarana
(2009, United States)
$30.0M - Series B
Kymeta
(2012, United States)
$30.0M - Series E
Movandi
(2016, United States)
$29.6M - Series C

4. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.Telecom - Top Business Models Report
Top Funded Business Models - last 1 year (1/3)
4
Rank Business Model $ Funding # Rounds Top Funding Round Details
1▲14 Satellite Communication Antenna System $330M 3 Kymeta | $215M | Series E Link
2▲3 OSS and BSS Suite $202M 6 AsiaInfo | $181M | Series D Link
3▲18 Mobile Edge Computing (MEC) $97.3M 6 Vapor | $90.0M | Series C Link
4-- Smart Wi-Fi Management $77.9M 1 Plume | $77.9M | Series D Link
5▼1 Wireless Access Equipment $54.1M 3 Tarana | $30.0M | Series B Link
6▼4 Software-Defined Wide Area Network $52.0M 1 Versa Networks | $52.0M | Series D Link
7▼6 Optical Networking Equipment $40.0M 1 Source Photo.. | $40.0M | Series C Link
8▲4
Telecom Infrastructure Tech > Radio Access
Network (RAN) > Equipment > Antenna > 5G
$33.0M 3 Movandi | $29.6M | Series C Link
9-- Self Organized Networks (SON) $32.0M 1 Cellwize | $32.0M | Series B Link
10▲4 Light Fidelity (Li-Fi) $30.0M 1 Ubicquia | $30.0M | Series C Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.

5. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.Telecom - Top Business Models Report
Top Funded Business Models - last 1 year (2/3)
5
Rank Business Model $ Funding # Rounds Top Funding Round Details
11▲9 Network Orchestration $27.0M 2 Telescent | $16.0M | Series B Link
12▼3 Network as a Service $24.9M 3 PacketFabric | $10.0M | Series B Link
13▼10 Cloud RAN $21.8M 2 Dali Wireless | $21.8M | Series C Link
14▼7 Spectrum Efficiency Solutions $21.7M 4 Federated Wi.. | $13.7M | Series C Link
15▼5 SDN Controller $20.0M 1 128 Technology | $20.0M | Series D Link
16-- Removable SIM $9.0M 1 IDEMIA | $9.0M | Series A Link
17-- Network in a Box $8.8M 1 Vanu | $8.8M | Series B Link
18--
Telecom Network Performance Management
Software
$8.2M 2 OSPInsight | $6.7M | Series A Link
19▼3
Telecom Infrastructure Tech > Core Network >
Software Defined Networking (SDN) > Switch
$7.0M 1 Corsa Security | $7.0M | Series C Link
20-- Remote Telecom Network Management Software $6.0M 1 AiDash | $6.0M | Series A Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.

6. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.Telecom - Top Business Models Report
Top Funded Business Models - last 1 year (3/3)
6
Rank Business Model $ Funding # Rounds Top Funding Round Details
21-- Wireless Networking Equipment $4.7M 1 Mixed-Signal .. | $4.7M | Series A Link
22▼4 Network Bandwidth Optimization Software $2.9M 1 Galgus | $2.9M | Seed Link
23-- Telecom Network Security $200K 1 RF CHECK | $200K | Series A Link
24-- OSS & BSS > Suite > Digital Services Platform $150K 1 Ready | $150K | Seed Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.

7. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.Telecom - Top Business Models Report
Recent Funding Rounds
Satellite Communication Antenna
System01
7
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$330M (▲2238%)
3(▲200%)
Funded CompaniesCompanies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$607M
11
2
24
2
Telecom Infrastructure Tech (Cisco)
(# Cos: 1565 | $22.9B)
Core Network (Avaya)
(# Cos: 844 | $13.9B)
Equipment (Infinera)
(# Cos: 486 | $8.8B)
Satellite Communication (SATCOM) (KVH)
(# Cos: 67 | $741M)
Antenna (Isotropic Systems)
(# Cos: 24 | $607M)
Isotropic Systems
(2013, United Kingdom, $20.1M)
Kymeta
(2012, United States, $548M)
Magnolia Broadband
(2000, United States, $38.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Kymeta (2012, United States)
$215M - Series E - Sep 2020
Kymeta (2012, United States)
$85.2M - Angel - Aug 2020
Kymeta (2012, United States)
$30.0M - Series E - Dec 2020

8. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.Telecom - Top Business Models Report
Recent Funding Rounds
OSS and BSS Suite02
8
Back to index
OSS & BSS (Plume)
(# Cos: 997 | $5.4B)
Suite (eero)
(# Cos: 265 | $1.9B)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$202M (▲187%)
6(▲20%)
Funded CompaniesCompanies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
59
$1.9B
96
15
265
12
eero
(2014, United States, $90.0M)
Plume
(2015, United States, $123M)
Synchronoss
(2000, United States, $34.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
AsiaInfo (1993, China)
$181M - Series D - Apr 2020
Plume (2015, United States)
$77.9M - Series D - Feb 2020
Green Network Informa.. (2003, China)
$21.4M - Series B - Jul 2020
Ready (2020, United States)
$150K - Seed - Aug 2020
Ukama (2013, United States)
$150K - Seed - Aug 2020
Digitalk (1996, United Kingdom)
Undisclosed - Seed - Oct 2020

9. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.Telecom - Top Business Models Report
Recent Funding Rounds
Mobile Edge Computing (MEC)03
9
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$97.3M (▲1845%)
6(▲200%)
Funded CompaniesCompanies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$315M
14
-
17
4
Telecom Infrastructure Tech (Avaya)
(# Cos: 1565 | $22.9B)
Radio Access Network (RAN) (Movandi)
(# Cos: 285 | $3.2B)
Software (Flash Networks)
(# Cos: 74 | $1.0B)
Mobile Edge Computing (MEC)
(Vasona Networks)
(# Cos: 17 | $315M)
Vasona Networks
(2010, Israel, $48.0M)
Qwilt
(2010, United States, $65.1M)
Vapor
(2015, United States, $100M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Vapor (2015, United States)
$90.0M - Series C - Jan 2020
EdgeMicro (2017, United States)
$5.0M - Series A - May 2020
Mutable (2016, United States)
$1.5M - Seed - Mar 2020
Red Mountain .. (2019, United States)
$500K - Seed - Apr 2020
Red Mountain .. (2019, United States)
$250K - Seed - Jan 2020
Quortus (2009, Canada)
Undisclosed - Seed - May 2020

10. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.Telecom - Top Business Models Report
Recent Funding Rounds
Plume (2015, United States)
$77.9M - Series D - Feb 2020
Smart Wi-Fi Management04
10
Back to index
OSS & BSS (Matrixx)
(# Cos: 997 | $5.4B)
Suite (Plume)
(# Cos: 265 | $1.9B)
Wi-Fi Management (eero)
(# Cos: 24 | $333M)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$77.9M ( -- )
1( -- )
Funded CompaniesCompanies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
4
$333M
9
-
24
2
eero
(2014, United States, $90.0M)
Plume
(2015, United States, $123M)
ASSIA
(2003, United States, $117M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

11. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.Telecom - Top Business Models Report
Recent Funding Rounds
Wireless Access Equipment05
11
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$54.1M (▼38.5%)
3( <> 0% )
Funded CompaniesCompanies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
25
$1.6B
82
14
140
5
Telecom Infrastructure Tech (Avaya)
(# Cos: 1565 | $22.9B)
Transport Network (Siklu)
(# Cos: 337 | $4.9B)
Equipment (AOI)
(# Cos: 295 | $4.5B)
Wireless (Cambium Networks)
(# Cos: 140 | $1.6B)
Cambium Networks
(2011, United States, $15.0M)
Siklu
(2008, Israel, $49.0M)
BridgeWave
(1999, United States, $42.7M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Tarana (2009, United States)
$30.0M - Series B - Oct 2020
Tarana (2009, United States)
$24.0M - Series B - Feb 2020
Airfide (2016, United States)
$150K - Seed - Jun 2020

12. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.Telecom - Top Business Models Report
Recent Funding Rounds
Software-Defined Wide Area Network06
12
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$52.0M (▼62.3%)
1(▼75%)
Funded CompaniesCompanies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
8
$1.1B
16
1
23
5
Telecom Infrastructure Tech (Cisco)
(# Cos: 1565 | $22.9B)
Core Network (Avaya)
(# Cos: 844 | $13.9B)
Software Defined Networking (SDN)
(Arista)
(# Cos: 104 | $2.5B)
SD-WAN (Cradlepoint)
(# Cos: 23 | $1.1B)
Cradlepoint
(2004, United States, $155M)
VeloCloud
(2012, United States, $83.0M)
Silver Peak
(2004, United States, $251M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Versa Networks (2012, United States)
$52.0M - Series D - May 2020

13. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.Telecom - Top Business Models Report
Recent Funding Rounds
Optical Networking Equipment07
13
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$40.0M (▼71.6%)
1(▼66.7%)
Funded CompaniesCompanies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
47
$3.5B
85
23
138
1
Telecom Infrastructure Tech (Cisco)
(# Cos: 1565 | $22.9B)
Core Network (Avaya)
(# Cos: 844 | $13.9B)
Equipment (2Wire)
(# Cos: 486 | $8.8B)
Optical Technology (Infinera)
(# Cos: 138 | $3.5B)
Infinera
(2000, United States, $271M)
Ciena
(1992, United States)
Xtera
(1998, United States, $349M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Source Photon.. (2007, United States)
$40.0M - Series C - Apr 2020

14. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.Telecom - Top Business Models Report
Recent Funding Rounds
Telecom Infrastructure Tech > Radio Access Network (RAN) >
Equipment > Antenna > 5G08
14
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$33.0M (▲57%)
3( <> 0% )
Funded CompaniesCompanies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$201M
16
2
22
4
Telecom Infrastructure Tech (Avaya)
(# Cos: 1565 | $22.9B)
Radio Access Network (RAN) (ip.access)
(# Cos: 285 | $3.2B)
Equipment (Baicells)
(# Cos: 211 | $2.2B)
Antenna (Metawave)
(# Cos: 127 | $860M)
5G (Movandi)
(# Cos: 22 | $201M)
Movandi
(2016, United States, $69.1M)
Metawave
(2017, United States, $17.0M)
Pivotal Commware
(2016, United States, $72.7M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Movandi (2016, United States)
$29.6M - Series C - Apr 2020
Wupatec (2016, France)
$3.3M - Series A - Jan 2020
Bei Jing Wei Technology (2014, China)
Undisclosed - Series A - Apr 2020

15. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.Telecom - Top Business Models Report
Recent Funding Rounds
Self Organized Networks (SON)09
15
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$32.0M ( -- )
1( -- )
Funded CompaniesCompanies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
10
$128M
16
-
23
1
Telecom Infrastructure Tech (Avaya)
(# Cos: 1565 | $22.9B)
Radio Access Network (RAN) (Movandi)
(# Cos: 285 | $3.2B)
Software (Flash Networks)
(# Cos: 74 | $1.0B)
Self-Organized Network (SON)
(Cellwize)
(# Cos: 23 | $128M)
Cellwize
(2012, Israel, $56.5M)
Intucell
(2008, Israel, $8.5M)
M87
(2010, United States, $13.8M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Cellwize (2012, Israel)
$32.0M - Series B - Nov 2020

16. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.Telecom - Top Business Models Report
Recent Funding Rounds
Light Fidelity (Li-Fi)10
16
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$30.0M (▲66.7%)
1( <> 0% )
Funded CompaniesCompanies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$111M
5
1
17
2
Telecom Infrastructure Tech (Cisco)
(# Cos: 1565 | $22.9B)
Core Network (Avaya)
(# Cos: 844 | $13.9B)
Equipment (Infinera)
(# Cos: 486 | $8.8B)
Optical Wireless (fSONA)
(# Cos: 26 | $997M)
Light Fidelity (Li-Fi) (PureLiFi)
(# Cos: 17 | $111M)
PureLiFi
(2012, United Kingdom, $44.2M)
Velmenni
(2013, India)
Ubicquia
(2014, United States, $30.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Ubicquia (2014, United States)
$30.0M - Series C - Sep 2020

17. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.Telecom - Top Business Models Report
Recent Funding Rounds
Telescent (2008, United States)
$16.0M - Series B - May 2020
Volta Networks (2015, United States)
$11.0M - Series B - Apr 2020
Network Orchestration11
17
Back to index
OSS & BSS (eero)
(# Cos: 997 | $5.4B)
Operation Support System (OSS) (NetScout)
(# Cos: 433 | $2.1B)
Network Orchestration (Blue Planet)
(# Cos: 36 | $235M)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$27.0M (▲343%)
2( <> 0% )
Funded CompaniesCompanies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
4
$235M
18
1
36
5
Blue Planet
(2000, United States, $97.6M)
Sedona Systems
(2014, United States, $19.6M)
Volta Networks
(2015, United States, $11.4M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

18. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.Telecom - Top Business Models Report
Recent Funding Rounds
Network as a Service12
18
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$24.9M (▼34%)
3(▼25%)
Funded CompaniesCompanies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
11
$336M
21
1
29
4
Telecom Infrastructure Tech (Cisco)
(# Cos: 1565 | $22.9B)
Core Network (Avaya)
(# Cos: 844 | $13.9B)
Software Defined Networking (SDN)
(Arista)
(# Cos: 104 | $2.5B)
Network-as-a-Service (Luminate
Wireless)
(# Cos: 29 | $336M)
Luminate Wireless
(2013, United States, $48.0M)
Megaport
(2013, Australia, $7.4M)
Pertino
(2011, United States, $29.1M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
PacketFabric (2015, United States)
$10.0M - Series B - Jul 2020
PacketFabric (2015, United States)
$9.9M - Series C - Nov 2020
PacketFabric (2015, United States)
$5.0M - Series B - Oct 2020

19. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.Telecom - Top Business Models Report
Recent Funding Rounds
Cloud RAN13
19
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$21.8M (▼81.5%)
2( <> 0% )
Funded CompaniesCompanies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$551M
7
-
9
4
Telecom Infrastructure Tech (Avaya)
(# Cos: 1565 | $22.9B)
Radio Access Network (RAN) (Baicells)
(# Cos: 285 | $3.2B)
Equipment (Movandi)
(# Cos: 211 | $2.2B)
Cloud RAN (C-RAN) (Parallel
Wireless)
(# Cos: 9 | $551M)
Parallel Wireless
(2012, United States)
Dali Wireless
(2006, United States, $68.0M)
ASOCS
(2003, Israel, $29.3M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Dali Wireless (2006, United States)
$21.8M - Series C - Apr 2020
ASOCS (2003, Israel)
Undisclosed - Series C - Jan 2020

20. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.Telecom - Top Business Models Report
Recent Funding Rounds
Spectrum Efficiency Solutions14
20
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$21.7M (▼57.7%)
4(▲300%)
Funded CompaniesCompanies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
6
$525M
28
2
32
7
Telecom Infrastructure Tech (Avaya)
(# Cos: 1565 | $22.9B)
Radio Access Network (RAN) (Movandi)
(# Cos: 285 | $3.2B)
Software (Accelercomm)
(# Cos: 74 | $1.0B)
Spectrum Efficiency (Flash
Networks)
(# Cos: 32 | $525M)
Flash Networks
(1996, United States, $30.5M)
Accelercomm
(2016, United Kingdom, $10.7M)
Federated Wireless
(2013, United States, $134M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Federated Wir.. (2013, United States)
$13.7M - Series C - Apr 2020
Spectrum Effect (2015, United States)
$8.0M - Series A - Dec 2020
Accelercomm (2016, United Kingdom)
$7.5M - Series A - Sep 2020
GenXComm (2016, United States)
Undisclosed - Series B - Jul 2020

21. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.Telecom - Top Business Models Report
Recent Funding Rounds
SDN Controller15
21
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$20.0M (▼41.2%)
1(▼50%)
Funded CompaniesCompanies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
4
$388M
11
-
15
2
Telecom Infrastructure Tech (Cisco)
(# Cos: 1565 | $22.9B)
Core Network (Avaya)
(# Cos: 844 | $13.9B)
Software Defined Networking (SDN)
(Arista)
(# Cos: 104 | $2.5B)
Controller (Pluribus Networks)
(# Cos: 15 | $388M)
Pluribus Networks
(2010, United States, $96.0M)
Big Switch Networks
(2010, United States, $126M)
128 Technology
(2014, United States, $113M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
128 Technology (2014, United States)
$20.0M - Series D - Jul 2020

22. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.Telecom - Top Business Models Report
Recent Funding Rounds
IDEMIA (2007, France)
$9.0M - Series A - Apr 2020
Removable SIM16
22
Back to index
Telecom Infrastructure Tech (Avaya)
(# Cos: 1565 | $22.9B)
SIM Providers (Skyroam)
(# Cos: 47 | $266M)
Removable SIM (IDEMIA)
(# Cos: 20 | $16.0M)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$9.0M ( -- )
1( -- )
Funded CompaniesCompanies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
3
$16.0M
10
4
20
1
IDEMIA
(2007, France, $9.0M)
Gemalto
(2006, Netherlands)
Workz
(1997, United Arab Emi..)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

23. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.Telecom - Top Business Models Report
Recent Funding Rounds
Network in a Box17
23
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$8.8M ( -- )
1( -- )
Funded CompaniesCompanies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
3
$67.5M
13
1
19
1
Telecom Infrastructure Tech (Cisco)
(# Cos: 1565 | $22.9B)
Core Network (Avaya)
(# Cos: 844 | $13.9B)
Equipment (Infinera)
(# Cos: 486 | $8.8B)
Network-in-a-box (Vanu)
(# Cos: 19 | $67.5M)
Vanu
(1998, United States, $51.0M)
NuRAN Wireless
(2013, Canada)
Virtual Network Commun..
(2014, United States, $1.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Vanu (1998, United States)
$8.8M - Series B - Mar 2020

24. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.Telecom - Top Business Models Report
Recent Funding Rounds
OSPInsight (1993, United States)
$6.7M - Series A - Dec 2020
Tupl (2014, United States)
$1.6M - Series A - Mar 2020
Telecom Network Performance
Management Software18
24
Back to index
OSS & BSS (eero)
(# Cos: 997 | $5.4B)
Operation Support System (OSS) (Sandvine)
(# Cos: 433 | $2.1B)
Suite (NetScout)
(# Cos: 46 | $155M)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$8.2M ( -- )
2( -- )
Funded CompaniesCompanies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
14
$155M
20
4
46
2
NetScout
(1985, United States, $6.0M)
Sandvine
(2001, Canada, $48.0M)
InfoVista
(1996, France, $10.3M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

25. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.Telecom - Top Business Models Report
Recent Funding Rounds
Telecom Infrastructure Tech > Core Network > Software
Defined Networking (SDN) > Switch19
25
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Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$7.0M (▼36.4%)
1(▼50%)
Funded CompaniesCompanies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
6
$415M
10
1
12
1
Telecom Infrastructure Tech (Cisco)
(# Cos: 1565 | $22.9B)
Core Network (Avaya)
(# Cos: 844 | $13.9B)
Software Defined Networking (SDN)
(Cradlepoint)
(# Cos: 104 | $2.5B)
Switch (Arista)
(# Cos: 12 | $415M)
Arista
(2004, United States, $1.5M)
Barefoot Networks
(2013, United States, $225M)
Circet
(1993, France)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Corsa Security (2013, Canada)
$7.0M - Series C - Jun 2020

26. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.Telecom - Top Business Models Report
Recent Funding Rounds
AiDash (2019, United States)
$6.0M - Series A - Oct 2020
Remote Telecom Network Management
Software20
26
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OSS & BSS (eero)
(# Cos: 997 | $5.4B)
Operation Support System (OSS) (NetScout)
(# Cos: 433 | $2.1B)
Asset Management (AiDash)
(# Cos: 30 | $29.5M)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$6.0M ( -- )
1( -- )
Funded CompaniesCompanies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
7
$29.5M
11
-
30
0
AiDash
(2019, United States, $6.0M)
Azeti Networks
(2006, Germany, $21.0M)
Galooli
(2009, Israel)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

27. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.Telecom - Top Business Models Report
Recent Funding Rounds
Wireless Networking Equipment21
27
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Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$4.7M ( -- )
1( -- )
Funded CompaniesCompanies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
5
$157M
19
3
41
0
Telecom Infrastructure Tech (Cisco)
(# Cos: 1565 | $22.9B)
Core Network (Avaya)
(# Cos: 844 | $13.9B)
Equipment (Infinera)
(# Cos: 486 | $8.8B)
Wireless (Ubiquiti)
(# Cos: 41 | $157M)
Ubiquiti
(2005, United States)
IPWireless
(1999, United Kingdom, $138M)
Icomera
(1999, Sweden)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Mixed-Signal .. (2010, United States)
$4.7M - Series A - May 2020

28. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.Telecom - Top Business Models Report
Recent Funding Rounds
Network Bandwidth Optimization
Software22
28
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Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$2.9M (▼67.4%)
1( <> 0% )
Funded CompaniesCompanies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
10
$354M
29
2
39
2
Telecom Infrastructure Tech (Avaya)
(# Cos: 1565 | $22.9B)
Transport Network (Cambium Networks)
(# Cos: 337 | $4.9B)
Software (Ortiva Wireless)
(# Cos: 42 | $354M)
Optimization (Seven Networks)
(# Cos: 39 | $354M)
Seven Networks
(2000, United States, $62.0M)
Ortiva Wireless
(2004, United States, $29.4M)
Altobridge
(2002, Ireland, $19.8M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Galgus (2017, Spain)
$2.9M - Seed - Nov 2020

29. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.Telecom - Top Business Models Report
Recent Funding Rounds
RF CHECK (2008, United States)
$200K - Series A - Nov 2020
Telecom Network Security23
29
Back to index
OSS & BSS (eero)
(# Cos: 997 | $5.4B)
Operation Support System (OSS) (NetScout)
(# Cos: 433 | $2.1B)
Network Security (Clavister)
(# Cos: 19 | $164M)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$200K ( -- )
1( -- )
Funded CompaniesCompanies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
4
$164M
10
1
19
0
Clavister
(1997, Sweden)
Nakina Systems
(2002, Canada, $36.1M)
Stoke
(1999, United States, $104M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

30. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.Telecom - Top Business Models Report
Recent Funding Rounds
Ready (2020, United States)
$150K - Seed - Aug 2020
OSS & BSS > Suite > Digital Services
Platform24
30
Back to index
OSS & BSS (Plume)
(# Cos: 997 | $5.4B)
Suite (eero)
(# Cos: 265 | $1.9B)
Digital Services Platform (LotusFlare)
(# Cos: 10 | $126M)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$150K ( -- )
1( -- )
Funded CompaniesCompanies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
3
$126M
7
1
10
3
LotusFlare
(2013, United States, $10.0M)
Openet
(1999, Ireland, $46.5M)
ItsOn
(2008, United States, $53.4M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

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