We are backing Cubic Telecom to become a world leader in IoT
We are investing €11 million into Cubic Telecom
We are delighted strengthen our partnership with Cubic. As a seed investor since 2013, we have been privileged to support the leading innovations Cubic has created to become a world leader in IoT Mobile Connectivity.
We have watched as the team has achieved extraordinary annual revenue growth over the past three years in the explosive market of in-vehicle data, expected to be worth $750b by 2030, and believe Cubic can be the most significant technology company to emerge from Ireland over the coming years.
About Cubic Telecom
Cubic Telecom is a global connectivity management software supplier that offers mobility solutions powering connectivity for leading Internet of things (IoT), automotive and mobile device companies across the globe.
An expert in Connected Intelligence, Cubic Telecom enables global scalability with local connectivity anytime, anywhere. Cubic provides connectivity in over 180 countries; the most robust network, device and retail partnerships worldwide; and flexible over-the-air (OTA) device management for clients and partners.
Cubic creates connectivity where there was none before, with a belief in the future of things: a future where everything is connected. Clients which also believe in this work include Audi, Panasonic, Volkswagen, Woolworths, e.GO and Skoda.
Based in Dublin Ireland, Cubic Telecom’s partners and customers include some of the world’s leading Fortune 100 tablet and notebook manufacturers, retailers, and automotive companies. The company is privately held with over €100 million in funding by Audi Electronics Venture GmbH, Qualcomm, Valid, the European Investment Bank, Enterprise Ireland and the Ireland Strategic Investment Fund, among others.
