Overview

EMnify offers global network connectivity through its SIM cards, tailored for the Internet of Things (IoT) market. Their SIM cards connect to various cellular network providers worldwide, ensuring reliable and flexible connectivity for clients like businesses with sensor networks and utility companies. The EMnify platform allows clients to manage their SIM cards efficiently, providing data security and insights into network activity. The company's goal is to deliver future-proof solutions that reduce risks and speed up the deployment of connected devices.

Simplify's Take

What believers are saying

• Growing demand for eSIM technology boosts Emnify's market potential.
• Expansion into Latin America opens new growth opportunities.
• Partnership with Skylo enhances satellite IoT connectivity offerings.

What critics are saying

• Increased competition may erode Emnify's market share.
• Integration challenges from acquiring Cinco Telecom could disrupt operations.
• Geopolitical risks in Latin America may affect expansion efforts.

What makes Emnify unique

• Emnify offers operator-neutral SIM cards for global IoT connectivity.
• Their platform provides high data security and network management capabilities.
• Emnify's API allows seamless integration into clients' internal tools.

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Funding

Total Funding

$74.9M

Above

Industry Average

Funded Over

3 Rounds

$55,000,000

Series B

Jan 2022

Series B funding is typically for startups that have proven their business model and need more funding to expand rapidly—often by entering new markets or adding more products. Investors are usually venture capital firms that specialize in later-stage investments.

Series B Funding Comparison

Above Average

Industry standards

Ind Avg. $35M

$4M

$30M

$45M

$55M

$65M

$100M

View all funding stages