OXIO

OXIO

Telecom-as-a-Service platform for wireless services

About OXIO

Simplify's Rating
Why OXIO is rated
A-
Rated B on Competitive Edge
Rated A on Growth Potential
Rated A on Rating Differentiation

Industries

Data & Analytics

Automotive & Transportation

Company Size

51-200

Company Stage

Series B

Total Funding

$52.5M

Headquarters

Mexico City, Mexico

Founded

2018

Overview

OXIO provides a platform called Telecom-as-a-Service (TaaS) that enables businesses, brands, and mobile network operators (MNOs) to offer wireless services without needing to build extensive infrastructure. The platform is cloud-native and programmable, allowing clients to launch and manage mobile services efficiently. OXIO's primary clients include enterprises and developers who want to quickly innovate and test new products, especially those requiring global connectivity for Machine-to-Machine (M2M) and Internet of Things (IoT) devices. Clients can use OXIO's fully documented API to integrate and deploy mobile services seamlessly. Unlike traditional telecom providers, OXIO offers a flexible and scalable solution that reduces the time and cost of telecom integration. The company's goal is to make telecom services accessible to a wide range of businesses, positioning itself as a key player in the global telecommunications market.

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Simplify's Take

What believers are saying

  • OXIO's global expansion connects M2M and IoT devices across 800 networks.
  • The company saw a 48% increase in network traffic in 2023.
  • OXIO's partnerships enhance transaction efficiency and connectivity solutions in Latin America.

What critics are saying

  • Increased competition from telecom giants could threaten OXIO's market share.
  • Potential regulatory changes in Mexico and the U.S. may impact operations.
  • The acquisition by Cogeco could lead to strategic shifts misaligned with OXIO's goals.

What makes OXIO unique

  • OXIO offers a unique Telecom-as-a-Service platform for brands and enterprises.
  • The platform unbundles mobile telecom infrastructure, providing custom networks in days.
  • OXIO's cloud-based solution enables full control and actionable intelligence for brands.

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Funding

Total Funding

$52.5M

Meets

Industry Average

Funded Over

3 Rounds

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

$35M
$40M
OXIO
$45M
Linktree
$65M
Substack
$100M
ClickUp

Benefits

Incentive stock options

Health & dental insurance

401(k)

Life insurance

Offices in amazing cities with a remote friendly option as well

Growth & Insights and Company News

Headcount

6 month growth

2%

1 year growth

2%

2 year growth

4%
Telecompaper
Apr 11th, 2024
Oxio launches Taas platform for M2M providers worldwide

Oxio launches taas platform for M2M providers worldwide.

Business Wire
Apr 10th, 2024
Oxio’S Telecom-As-A-Service Platform Expands To Connect M2M And Iot Devices Globally

NEW YORK--(BUSINESS WIRE)--OXIO, the leading telecom-as-a-service (TaaS) platform, today announced a global expansion to serve multinational M2M customers in North America for their connectivity needs across the world. OXIO now provides reliable connectivity to M2M and IoT devices across 800 networks in over 180 countries. The company has seen tremendous success in Mexico by enabling reliable and secure transactions at point-of-sale terminals throughout the country. With this global expansion, M2M companies can take advantage of resilient network coverage via one intuitive cloud-based platform and alleviate the need to work with multiple vendors across different countries. “Companies continue to seek smarter and more efficient ways to connect and manage their M2M devices and systems, but the legacy telecom model was not built to be tailored to their use cases,” said Nicolas Girard, OXIO’s founder and CEO. “That’s why OXIO takes a technology-first approach to telecom, giving companies the ability to manage, change and monitor their network from our turnkey platform

Business Wire
Feb 15th, 2024
Oxio Strengthens Leadership Team With Appointment Of Zain A. Manekia As Board Member And Head Of Strategic Investments

NEW YORK--(BUSINESS WIRE)--OXIO, the leading telecom-as-a-service (TaaS) platform, today announced Zain A. Manekia, a highly experienced investment professional and board advisor of 25 years, has joined as an independent Board Member and Head of Strategic Investments. With a proven track record of over 50 billion USD in domestic and cross-border transactions and extensive background in telecommunications and technology business transformations, Manekia will spearhead OXIO's global MA strategy, initially focusing on the Americas. “The world of the vertically integrated Mobile Network Operator (MNO) is poised for disruption,” said Sean Hannan-Bobe, Chief Corporate Development Officer. “MNOs must embark on a transformation journey which takes them from telco to techco, by focusing on delivering unique experiences to subscribers and advanced solutions to enterprises.”

Valdosta Daily Times
Feb 15th, 2024
OXIO Strengthens Leadership Team with Appointment of Zain A. Manekia as Board Member and Head of Strategic Investments

OXIO strengthens leadership team with appointment of Zain A. Manekia as Board Member and Head of Strategic Investments.

Business Wire
Jan 23rd, 2024
Oxio Registra Un Crecimiento Significativo En Los Mercados De Telecomunicaciones De Ee. Uu. Y Latam”; Anuncia Un Aumento Del 48% En El Tráfico De Red En 2023, Destacando La Adopción De Clientes De Telecom-As-A-Service.

NUEVA YORK--(BUSINESS WIRE)--OXIO, la plataforma líder de Telecom-as-a-service, anunció hoy que cerró el año 2023 con un crecimiento significativo en su base de usuarios en EE. UU., así como con el doble de marcas activas, resaltando la creciente importancia estratégica de una plataforma de telecomunicaciones global y rentable."El futuro de las telecomunicaciones se asemeja a un servicio SaaS de nivel operador que funciona a escala, como Stripe, Shopify o AWS", dijo Nicolas Girard, CEO y cofundador de OXIO. “A las empresas les gusta tener control total sobre cada aspecto de su red de telecomunicaciones, de una manera simple y moderna. La capacidad de entender a sus usuarios como nunca antes y presentarles productos y servicios hiper personalizados en contexto es una oferta atractiva”.En los últimos 12 meses, OXIO ha demostrado un extraordinario rendimiento y crecimiento, incluyendo:Casos de Exito de ClientesUn aumento del 55% en las activaciones de líneas máquina-a-máquina (M2M), un signo de que las empresas dependen cada vez más de una red confiable, segura y manejable de dispositivos, ya sean terminales de pago, máquinas expendedoras o seguimiento de flotas.El total de datos consumidos en la red de OXIO aumentó en un 48%, y las llamadas telefónicas aumentaron en un 67% mientras los usuarios de OXIO realizaban llamadas a 194 de los 195 países del mundo.Uno de los mayores fabricantes de alimentos del mundo logró un 22% más transacciones de pago exitosas como resultado de migrar su conectividad a OXIO.moBig: Como un aliado comercial estratégico, moBig aprovecha las soluciones de telecomunicaciones de OXIO para atraer a clientes destacados como Huawei y VEMO. Esta colaboración ha avanzado notablemente a VEMO, un pionero mexicano en tecnología limpia, integrando la tecnología de OXIO en el ecosistema integral de movilidad limpia de VEMO.Mercado Pago: En un movimiento significativo para mejorar la eficiencia de las transacciones en toda América Latina, Mercado Pago se ha asociado con OXIO para proporcionar soluciones de conectividad más robustas para una parte de sus terminales punto de venta en México, atendiendo a negocios de diferentes escalas.Red Clic: En colaboración con OXIO, Red Clic, un servicio del gigante minorista mexicano Casa Ley ha lanzado dos innovadores MVNOs: uno dedicado a la conectividad interna para empleados y otro para el mercado de consumidores más amplio, mostrando las soluciones de telecomunicaciones versátiles de OXIO.Terra Energy: Terra Energy, líder en tecnología de paneles solares, se ha unido a OXIO utilizando sus soluciones de conectividad avanzadas para gestionar y optimizar eficientemente sus operaciones como proveedor de energía sustentable.Fortalecimiento del Equipo DirectivoPara guiar a OXIO a través de este período de crecimiento, la compañía ha fortalecido su equipo ejecutivo con varias contrataciones clave y promociones:Adil Belihomji, ex VP de Tecnología en Verizon y CTO en Visible, fue contratado como Director de Tecnología (CTO).Glenn Teuber se unió como Director de Operaciones (COO) después de servir como COO en Google Fi.Se contrataron cuatro nuevos VPs, incluyendo a Sergio Mejía (Ventas), Katie Smart (Marketing), Sidney Boumendil (Telecomunicaciones e Infraestructura) y Zaira Estrada (Ingeniería de Soluciones).Expansión a Nuevos MercadosLa compañía continuó su crecimiento internacional con una nueva oficina en Colombia y un pipeline de rápida expansión en los Estados Unidos y México.OXIO potenció las nuevas ofertas de servicio prepago de MobileX en Walmart, proporcionando la IA que predice cuántos datos necesitan los clientes para que puedan ahorrar dinero con un plan telefónico personalizado.Excelencia Corporativa y de ProductoOXIO continuó combinando una cultura corporativa fuerte con productos destacados. Entre los aspectos más destacados de 2023:Lanzamiento de Dynamic Traffic Labels , la primera herramienta para simplificar la creación y gestión de etiquetas de tráfico personalizadas en tiempo real, sin necesidad de conocimientos técnicos

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