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1. TRACXN TOP BUSINESS MODELS REPORT
August 03, 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 30
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 $786M
OSS & BSS $332M
Y-o-Y Funding
Top Investors by Funding
Rounds
Seed
Stage
Y Combinator
Telecom Infra Project
Qualcomm Ventures
2
2
1
Early
Stage
Qualcomm Ventures
Verizon Ventures
Lenovo
2
2
1
Late
Stage
Fidelity Investments
Insight Partners
Sequoia Capital
1
1
1
Funding by Geography
Top Feeds by $ Funding
Top Funding Rounds
United States (87%)
United Kingdom (5%)
Israel (4%)
France (2%)
Belgium (1%)
Denmark (0%)
Spain (0%)
Others (0%)
$ Funding # Rounds
Plume
(2015, United States)
$270M - Series
E
Kymeta
(2012, United States)
$215M - Series
E
Kymeta
(2012, United States)
$85.2M - Angel
Versa Networks
(2012, United States)
$84.0M - Series
D
Pivotal Commware
(2016, United States)
$50.6M - Series
C
Tarana
(2009, United States)
$50.0M - Series
C
Isotropic Systems
(2013, United Kingdom)
$42.0M - Series
B
Cellwize
(2012, Israel)
$32.0M - Series
B
Tarana
(2009, United States)
$30.0M - Series
B
Kymeta
(2012, United States)
$30.0M - Series
E
Ubicquia
(2014, United States)
$30.0M - Series
C
Pica8
(2009, United States)
$20.0M - 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▲21 Satellite Communication Antenna Systems $372M 6 Kymeta | $215M | Series E Link
2▲2 Smart Wi-Fi Management Solutions $270M 1 Plume | $270M | Series E Link
3▲2 SD-WAN $84.0M 1 Versa Networks | $84.0M | Series D Link
4▲9 Wireless Backhaul Equipment $80.0M 2 Tarana | $50.0M | Series C Link
5▲3 5G Antenna Systems $50.6M 1 Pivotal Comm.. | $50.6M | Series C Link
6-- Self Organized Networks $32.0M 1 Cellwize | $32.0M | Series B Link
7▲10 Light Fidelity Equipment $30.0M 1 Ubicquia | $30.0M | Series C Link
8▲2 Telecom Network Orchestration $21.8M 2 Itential | $20.0M | Series B Link
9-- SDN Operating System $20.0M 1 Pica8 | $20.0M | Series C Link
10▲10 Unified Communication Software $16.0M 2 Alianza | $16.0M | Series D 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▲3 Software Defined Network-as-a-Service $14.9M 2 PacketFabric | $9.9M | Series C Link
12-- Removable SIM $12.8M 1 IDEMIA | $12.8M | Series A Link
13▼10 Optical Network Equipment $12.2M 2 viaPhoton | $6.2M | Series A Link
14▼13 OSS and BSS Solutions $12.2M 5 Plume | $270M | Series E Link
15▼9 Spectrum Efficiency Solutions $9.5M 2 Spectrum Effect | $9.5M | Series A Link
16-- Business Support System $8.3M 2 Opencell | $8.3M | Series A Link
17▼6 Cloud RAN $8.2M 1 Accelleran | $8.2M | Series B Link
18-- Telecom Network Asset Management $6.0M 1 AiDash | $6.0M | Series A Link
19▼7 Telecom Network Function Virtualization $3.4M 2 ZeroTier | $2.0M | Seed Link
20▼2 Telecom Traffic Optimization Software $2.9M 1 Galgus | $2.9M | Seed 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-- Base Stations $1.7M 1 BLUETOWN | $1.7M | Series B Link
22-- Telecom Antenna Systems $1.5M 3 Pivotal Comm.. | $50.6M | Series C Link
23-- Telecom Network Security Management $200K 1 RF CHECK | $200K | Series A 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
Systems
01
7
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$372M (▲ >10K%)
6 (▲500%)
Funded
Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn
Club
2
$662M
12
2
25
2
Telecom Infrastructure Tech (Cisco)
(# Cos: 1597 | $22.7B)
Core Network (Avaya)
(# Cos: 853 | $13.6B)
Equipment (Ciena)
(# Cos: 491 | $8.9B)
Satellite Communication (SATCOM)
(Isotropic Systems)
(# Cos: 69 | $815M)
Antenna (Kymeta)
(# Cos: 25 | $662M)
Kymeta
(2012, United States, $548M)
Isotropic Systems
(2013, United Kingdom, $74.5M)
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
Isotropic Sy.. (2013, United Kingdom)
$42.0M - Series B - Feb 2021
Kymeta (2012, United States)
$30.0M - Series E - Dec 2020
Isotropic Sy.. (2013, United Kingdom)
Undisclosed - Series B - Jul 2021
Helix Techno.. (2016, United
Kingdom)
Undisclosed - Seed - Apr 2021

8. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Telecom - Top Business Models Report
Recent Funding Rounds
Plume (2015, United States)
$270M - Series E - Feb 2021
Smart Wi-Fi Management Solutions
02
8
Back to index
OSS & BSS (Sandvine)
(# Cos: 1004 | $5.8B)
Suite (Fon)
(# Cos: 266 | $2.2B)
Wi-Fi Management (Plume)
(# Cos: 25 | $679M)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$270M (▲247%)
1 ( <> 0% )
Funded
Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn
Club
5
$679M
10
-
25
2
Plume
(2015, United States, $397M)
Fon
(2006, Spain, $71.7M)
eero
(2014, United States, $90.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

9. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Telecom - Top Business Models Report
Recent Funding Rounds
SD-WAN
03
9
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$84.0M (▲12%)
1 (▼66.7%)
Funded
Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn
Club
8
$1000.0
M
14
1
23
4
Telecom Infrastructure Tech (Cisco)
(# Cos: 1597 | $22.7B)
Core Network (Avaya)
(# Cos: 853 | $13.6B)
Software Defined Networking
(SDN) (Arista)
(# Cos: 106 | $2.4B)
SD-WAN (Cradlepoint)
(# Cos: 23 | $1000.0M)
Cradlepoint
(2004, United States, $155M)
VeloCloud
(2012, United States, $83.0M)
Versa Networks
(2012, United States, $196M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Versa Networks (2012, United States)
$84.0M - Series D - Jun 2021

10. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Telecom - Top Business Models Report
Recent Funding Rounds
Wireless Backhaul Equipment
04
10
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$80.0M (▲231%)
2 ( <> 0% )
Funded
Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn
Club
25
$1.6B
83
14
140
5
Telecom Infrastructure Tech (Cisco)
(# Cos: 1597 | $22.7B)
Transport Network (Tejas Networks )
(# Cos: 340 | $4.9B)
Equipment (UTStar)
(# Cos: 296 | $4.6B)
Wireless (Cambium Networks)
(# Cos: 140 | $1.6B)
Cambium Networks
(2011, United States, $15.0M)
Cel-Fi
(2006, United States, $23.0M)
Mimosa
(2012, United States, $19.2M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Tarana (2009, United States)
$50.0M - Series C - May 2021
Tarana (2009, United States)
$30.0M - Series B - Oct 2020

11. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Telecom - Top Business Models Report
Recent Funding Rounds
5G Antenna Systems
05
11
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$50.6M (▲17.9%)
1 (▼80%)
Funded
Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn
Club
2
$251M
16
2
22
4
Telecom Infrastructure Tech (Cisco)
(# Cos: 1597 | $22.7B)
Radio Access Network (RAN) (Cellwize)
(# Cos: 290 | $3.3B)
Equipment (Airspan)
(# Cos: 216 | $2.2B)
Antenna (SkyCross)
(# Cos: 131 | $913M)
5G (Movandi)
(# Cos: 22 | $251M)
Movandi
(2016, United States, $69.1M)
Pivotal Commware
(2016, United States, $123M)
Metawave
(2017, United States, $17.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Pivotal Commw.. (2016, United
States)
$50.6M - Series C - Feb 2021

12. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Telecom - Top Business Models Report
Recent Funding Rounds
Self Organized Networks
06
12
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$32.0M ( -- )
1 ( -- )
Funded
Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn
Club
10
$128M
16
-
23
1
Telecom Infrastructure Tech (Cisco)
(# Cos: 1597 | $22.7B)
Radio Access Network (RAN) (Airspan)
(# Cos: 290 | $3.3B)
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

13. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Telecom - Top Business Models Report
Recent Funding Rounds
Light Fidelity Equipment
07
13
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$30.0M (▲66.7%)
1 ( <> 0% )
Funded
Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn
Club
1
$111M
7
1
18
2
Telecom Infrastructure Tech (Cisco)
(# Cos: 1597 | $22.7B)
Core Network (Avaya)
(# Cos: 853 | $13.6B)
Equipment (Ciena)
(# Cos: 491 | $8.9B)
Optical Wireless (AOptix)
(# Cos: 27 | $997M)
Light Fidelity (Li-Fi) (Lucibel)
(# Cos: 18 | $111M)
Lucibel
(2008, France, $36.8M)
PureLiFi
(2012, United Kingdom, $44.2M)
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

14. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Telecom - Top Business Models Report
Recent Funding Rounds
Itential (2014, United States)
$20.0M - Series B - Apr 2021
Kenmei (2018, Spain)
$1.8M - Series A - Mar 2021
Telecom Network Orchestration
08
14
Back to index
OSS & BSS (Plume)
(# Cos: 1004 | $5.8B)
Operation Support System (OSS)
(Sandvine)
(# Cos: 435 | $2.2B)
Network Orchestration (Blue Planet)
(# Cos: 35 | $257M)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$21.8M (▼34.3%)
2 (▼60%)
Funded
Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn
Club
5
$257M
17
1
35
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.

15. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Telecom - Top Business Models Report
Recent Funding Rounds
SDN Operating System
09
15
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$20.0M ( -- )
1 ( -- )
Funded
Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn
Club
2
$208M
6
-
7
1
Telecom Infrastructure Tech (Cisco)
(# Cos: 1597 | $22.7B)
Core Network (Avaya)
(# Cos: 853 | $13.6B)
Software Defined Networking
(SDN) (Cradlepoint)
(# Cos: 106 | $2.4B)
OS (Cumulus Networks)
(# Cos: 7 | $208M)
Cumulus Networks
(2009, United States, $134M)
IP Infusion
(1999, United States, $20.4M)
6WIND
(2000, France, $9.7M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Pica8 (2009, United States)
$20.0M - Series C - Apr 2021

16. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Telecom - Top Business Models Report
Recent Funding Rounds
Unified Communication
Software
10
16
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$16.0M (▲100%)
2 (▲100%)
Funded
Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn
Club
51
$1.4B
83
9
180
4
Telecom Infrastructure Tech (Cisco)
(# Cos: 1597 | $22.7B)
Core Network (Cradlepoint)
(# Cos: 853 | $13.6B)
Software (Ribbon)
(# Cos: 226 | $1.8B)
Unified Communication
(Avaya)
(# Cos: 180 | $1.4B)
Avaya
(2000, United States, $401M)
Ribbon
(1997, United States, $18.0M)
Metaswitch
(1981, United Kingdom, $19.6M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Alianza (2009, United States)
$16.0M - Series D - Mar 2021
ng-voice (2011, Germany)
Undisclosed - Seed - Aug 2020

17. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Telecom - Top Business Models Report
Recent Funding Rounds
Software Defined
Network-as-a-Service
11
17
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$14.9M (▼32%)
2 ( <> 0% )
Funded
Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn
Club
11
$332M
20
1
28
3
Telecom Infrastructure Tech (Cisco)
(# Cos: 1597 | $22.7B)
Core Network (Avaya)
(# Cos: 853 | $13.6B)
Software Defined Networking
(SDN) (Cradlepoint)
(# Cos: 106 | $2.4B)
Network-as-a-Service
(Luminate Wireless)
(# Cos: 28 | $332M)
Luminate Wireless
(2013, United States, $48.0M)
Megaport
(2013, Australia, $7.4M)
Meta Networks
(2016, Israel, $10.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
PacketFabric (2015, United States)
$9.9M - Series C - Nov 2020
PacketFabric (2015, United States)
$5.0M - Series B - Oct 2020

18. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Telecom - Top Business Models Report
Recent Funding Rounds
IDEMIA (2007, France)
$12.8M - Series A - May 2021
Removable SIM
12
18
Back to index
Telecom Infrastructure Tech (Cisco)
(# Cos: 1597 | $22.7B)
SIM Providers (IDEMIA)
(# Cos: 48 | $272M)
Removable SIM (Gemalto)
(# Cos: 20 | $19.8M)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$12.8M ( -- )
1 ( -- )
Funded
Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn
Club
3
$19.8M
10
4
20
1
Gemalto
(2006, Netherlands)
IDEMIA
(2007, France, $12.8M)
Workz
(1997, United Arab Emi..)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

19. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Telecom - Top Business Models Report
Recent Funding Rounds
Optical Network Equipment
13
19
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$12.2M (▼84.9%)
2 (▼33.3%)
Funded
Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn
Club
48
$3.5B
86
23
139
1
Telecom Infrastructure Tech (Cisco)
(# Cos: 1597 | $22.7B)
Core Network (Avaya)
(# Cos: 853 | $13.6B)
Equipment (Infinera)
(# Cos: 491 | $8.9B)
Optical Technology (Ciena)
(# Cos: 139 | $3.5B)
Ciena
(1992, United States)
Infinera
(2000, United States, $271M)
Calient
(1999, United States, $464M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
viaPhoton (2020, United States)
$6.2M - Series A - Apr 2021
viaPhoton (2020, United States)
$6.0M - Series A - Feb 2021

20. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Telecom - Top Business Models Report
Recent Funding Rounds
OSS and BSS Solutions
14
20
Back to index
OSS & BSS (Fon)
(# Cos: 1004 | $5.8B)
Suite (Plume)
(# Cos: 266 | $2.2B)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$12.2M (▼94%)
5 (▲66.7%)
Funded
Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn
Club
62
$2.2B
97
15
266
11
Plume
(2015, United States, $397M)
Fon
(2006, Spain, $71.7M)
Amdocs
(1982, United States)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Plume (2015, United States)
$270M - Series E - Feb 2021
Connected2Fiber (2015, United
States)
$12.0M - Series B - Mar 2021
Ready (2020, United States)
$150K - Seed - Aug 2020
Ukama (2013, United States)
$150K - Seed - Aug 2020
Digitalk (1996, United Kingdom)
Undisclosed - Seed - Oct 2020

21. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Telecom - Top Business Models Report
Recent Funding Rounds
Spectrum Efficiency Solutions
15
21
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$9.5M (▼85.4%)
2 (▼33.3%)
Funded
Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn
Club
6
$527M
28
2
32
7
Telecom Infrastructure Tech (Cisco)
(# Cos: 1597 | $22.7B)
Radio Access Network (RAN) (Airspan)
(# Cos: 290 | $3.3B)
Software (Cellwize)
(# Cos: 74 | $1.0B)
Spectrum Efficiency (Flash
Networks)
(# Cos: 32 | $527M)
Flash Networks
(1996, United States, $30.5M)
Mobixell Networks
(2000, Israel, $39.0M)
Kumu Networks
(2011, United States, $45.6M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Spectrum Effect (2015, United
States)
$9.5M - Series A - Dec 2020
Accelercomm (2016, United
Kingdom)
$7.5M - Series A - Sep 2020

22. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Telecom - Top Business Models Report
Recent Funding Rounds
Business Support System
16
22
Back to index
OSS & BSS (Plume)
(# Cos: 1004 | $5.8B)
Business Support System (BSS)
(OpenSignal)
(# Cos: 303 | $1.3B)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$8.3M ( -- )
2 ( -- )
Funded
Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn
Club
78
$1.3B
125
14
303
18
OpenSignal
(2010, United States, $14.4M)
Matrixx
(2008, United States, $100M)
CSG International
(1994, United States)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Opencell (2015, France)
$8.3M - Series A - Jan 2021
Rev.io (2002, United States)
Undisclosed - Seed - Sep 2020

23. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Telecom - Top Business Models Report
Recent Funding Rounds
Cloud RAN
17
23
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$8.2M (▼68.3%)
1 (▼66.7%)
Funded
Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn
Club
2
$562M
9
-
11
5
Telecom Infrastructure Tech (Cisco)
(# Cos: 1597 | $22.7B)
Radio Access Network (RAN) (Cellwize)
(# Cos: 290 | $3.3B)
Equipment (Airspan)
(# Cos: 216 | $2.2B)
Cloud RAN (C-RAN) (Parallel
Wireless)
(# Cos: 11 | $562M)
Parallel Wireless
(2012, United States)
Altiostar
(2011, United States, $317M)
SpiderCloud
(2007, United States, $136M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Accelleran (2013, Belgium)
$8.2M - Series B - May 2021

24. 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
Telecom Network Asset
Management
18
24
Back to index
OSS & BSS (Plume)
(# Cos: 1004 | $5.8B)
Operation Support System (OSS)
(Sandvine)
(# Cos: 435 | $2.2B)
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
Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn
Club
7
$29.5M
11
-
30
0
AiDash
(2019, United States, $6.0M)
Azeti Networks
(2006, Germany, $21.0M)
Ihiji
(2009, United States, $2.1M)
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
ZeroTier (2011, United States)
$2.0M - Seed - Feb 2021
NFWare (2014, Russia)
$1.4M - Series A - Jan 2021
Telecom Network Function
Virtualization
19
25
Back to index
Telecom Infrastructure Tech (Cisco)
(# Cos: 1597 | $22.7B)
Core Network (Avaya)
(# Cos: 853 | $13.6B)
Network Function Virtualization
(NFV) (Affirmed Networks)
(# Cos: 29 | $477M)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$3.4M (▼86.4%)
2 (▲100%)
Funded
Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn
Club
12
$477M
20
1
29
2
Affirmed Networks
(2010, United States, $155M)
Embrane
(2009, United States, $41.0M)
Enea
(1968, Sweden)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

26. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Telecom - Top Business Models Report
Recent Funding Rounds
Telecom Traffic Optimization
Software
20
26
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$2.9M (▼67.4%)
1 ( <> 0% )
Funded
Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn
Club
10
$354M
29
2
39
2
Telecom Infrastructure Tech (Cisco)
(# Cos: 1597 | $22.7B)
Transport Network (UTStar)
(# Cos: 340 | $4.9B)
Software (LiveQoS)
(# Cos: 42 | $354M)
Optimization (Seven Networks)
(# Cos: 39 | $354M)
Seven Networks
(2000, United States, $62.0M)
LiveQoS
(2004, Canada, $4.0M)
Ortiva Wireless
(2004, United States, $29.4M)
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

27. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Telecom - Top Business Models Report
Recent Funding Rounds
Base Stations
21
27
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$1.7M ( -- )
1 ( -- )
Funded
Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn
Club
8
$282M
17
5
27
1
Telecom Infrastructure Tech (Cisco)
(# Cos: 1597 | $22.7B)
Radio Access Network (RAN) (Cellwize)
(# Cos: 290 | $3.3B)
Equipment (Airspan)
(# Cos: 216 | $2.2B)
Base Station (Redline
Communications)
(# Cos: 27 | $282M)
Redline Communications
(1999, Canada, $71.0M)
Telrad
(1951, Israel, $16.8M)
BLUETOWN
(2006, Denmark, $43.8M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
BLUETOWN (2006, Denmark)
$1.7M - Series B - Nov 2020

28. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Telecom - Top Business Models Report
Recent Funding Rounds
Telecom Antenna Systems
22
28
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$1.5M ( -- )
3 ( -- )
Funded
Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn
Club
23
$913M
59
13
131
6
Telecom Infrastructure Tech (Cisco)
(# Cos: 1597 | $22.7B)
Radio Access Network (RAN) (Cellwize)
(# Cos: 290 | $3.3B)
Equipment (Airspan)
(# Cos: 216 | $2.2B)
Antenna (Movandi)
(# Cos: 131 | $913M)
Movandi
(2016, United States, $69.1M)
SkyCross
(2000, United States, $69.6M)
Pivotal Commware
(2016, United States, $123M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Pivotal Commw.. (2016, United
States)
$50.6M - Series C - Feb 2021
Eahison (2009, China)
$1.5M - Seed - Jan 2021
Poynting (2001, South Africa)
Undisclosed - Seed - May 2021

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 Security
Management
23
29
Back to index
OSS & BSS (Plume)
(# Cos: 1004 | $5.8B)
Operation Support System (OSS)
(Sandvine)
(# Cos: 435 | $2.2B)
Network Security (Clavister)
(# Cos: 19 | $164M)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$200K ( -- )
1 ( -- )
Funded
Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn
Club
6
$164M
10
1
19
0
Clavister
(1997, Sweden)
Stoke
(2004, United States, $104M)
Nakina Systems
(2002, Canada, $36.1M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

30. Telecom - Top Business Models Report Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
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Telecom - Top Business Models Report
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