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. What distinguishes EMnify from competitors is its operator-neutrality and comprehensive management capabilities, aiming to deliver future-proof solutions that reduce risks and speed up time to market.

Simplify's Take

What believers are saying

• Emnify's eSIM platform aligns with the rise of flexible IoT connectivity solutions.
• Cloud-native IoT connectivity in Brazil expands Emnify's market presence.
• Partnership with Skylo enhances coverage in remote areas through satellite connectivity.

What critics are saying

• Increased competition may pressure Emnify's market share and pricing strategies.
• Rapid eSIM advancements require continuous innovation to maintain competitiveness.
• Regulatory changes in key markets like Brazil could impact operations and expansion.

What makes Emnify unique

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

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Funding

Total Funding

$77M

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