CloudStreet
Carrier-grade Network Slicing Platform deployable in 4G networks for any 5G-envisioned network slicing use cases.
| Date | Investors | Amount | Round |
|---|---|---|---|
| investor | €0.0 | round | |
| investor investor | €0.0 | round | |
€1.6m | Grant | ||
| Total Funding | 000k | ||
| EUR | 2016 | 2017 | 2018 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % growth | (68 %) | 133 % | (71 %) | - | - | - | - |
| EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % EBITDA margin | (467 %) | (301 %) | (418 %) | - | - | - | - |
| Profit | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % profit margin | (1133 %) | (600 %) | (1009 %) | (600 %) | - | - | - |
| EV | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
Source: Company filings or news article, Dealroom estimates
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Originating as a spin-off from Nokia in Finland, Cloudstreet was founded in 2012 by Mika Skarp. The company established itself as a specialized technology provider in the telecommunications sector, focusing on network slicing to enhance mobile data services.
Cloudstreet's core business revolves around providing a platform that allows mobile network operators to commercialize and manage on-demand, quality-assured bandwidth for their customers. This addresses a key challenge for carriers: delivering a consistent and high-quality mobile internet experience amid surging bandwidth demand. The company's business model enables operators to monetize service quality across various user tiers and applications, creating new revenue streams. Clients include mobile operators serving consumers, businesses, and government entities that require reliable connectivity for applications like OTT video streaming (Netflix, Amazon), video conferencing, and critical communications.
The company's flagship product is the Dynamic Profile Controller™ (DPC™), a patented platform that leverages Software Defined Networks (SDN) and Network Function Virtualization (NFV) technologies. The DPC™ identifies the specific data requirements of any device or application in real-time and automates network optimization to meet those needs. This allows for the creation of dynamic, application-aware network slices, ensuring dedicated performance levels for services sensitive to latency and capacity, such as HD video, IoT, public safety communications, and augmented reality. The system is designed to improve process efficiency, reduce operational costs for carriers, and provide precision control over network parameters. Cloudstreet's technology was recognized with the EU's Horizon 2020 grant and named Best Connectivity Solution for IoT at the 2016 World Communications Awards. In March 2020, the company entered into bankruptcy liquidation.
Keywords: network slicing, telecom, mobile network operators, Dynamic Profile Controller, DPC, SDN, NFV, bandwidth on-demand, quality of experience, 5G, application-aware networks, mobile data, critical communications, OTT video, IoT connectivity, M2M, public safety networks, Mika Skarp, Nokia spin-off, VersoVentures