Kajeet
Financials
Estimates*
USD | 2019 | 2020 | 2021 | 2023 |
---|---|---|---|---|
Revenues | 25.2m | 37.2m | 41.8m | 43.5m |
% growth | - | 48 % | 12 % | - |
Date | Investors | Amount | Round |
---|---|---|---|
$27.0m | Series A | ||
$36.8m | Series B | ||
$10.0m | Debt | ||
$1.1m | Early VC | ||
N/A | $18.1m | Late VC | |
* | N/A | Grant | |
Total Funding | $82.9m |
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EditKajeet, founded in 2003, is a managed IoT (Internet of Things) connectivity services provider. The company specializes in connecting and managing IoT devices, which are gadgets that communicate with each other over the internet. Kajeet serves a diverse range of clients, including those in education, healthcare, industrial IoT, private networks, telecom, cable, and transportation sectors. Essentially, Kajeet helps these clients deploy wireless solutions quickly and efficiently.
The market Kajeet operates in is the IoT connectivity space, which is growing rapidly as more devices become internet-enabled. This market includes various industries that require reliable and secure connectivity for their devices to function optimally.
Kajeet's business model revolves around being a Mobile Virtual Network Operator (MVNO). This means they don't own the wireless infrastructure but lease it from major carriers to provide their services. They offer a platform called Sentinel IoT, which helps enterprises manage their IoT devices, ensuring they are connected, controlled, and monitored effectively.
Kajeet makes money by charging clients for the connectivity services they provide. This includes fees for data usage, device management, and other value-added services like security and analytics. By offering tailored solutions for different industries, Kajeet ensures that their clients get the most out of their IoT investments.
In summary, Kajeet is a key player in the IoT connectivity market, providing essential services to a wide range of industries. Their ability to offer customized, reliable, and secure connectivity solutions makes them a valuable partner for any organization looking to leverage IoT technology.
Keywords: IoT, connectivity, MVNO, Sentinel IoT, wireless solutions, education, healthcare, industrial IoT, telecom, transportation.