
SEVEN Networks
Mobile software solutions helping carriers and device manufacturers reduce network traffic.
Date | Investors | Amount | Round |
---|---|---|---|
investor investor | €0.0 | round | |
investor | €0.0 | round | |
N/A | €0.0 | round | |
investor investor | €0.0 | round | |
$42.0m | Late VC | ||
Total Funding | 000k |
USD | 2019 | 2020 | 2021 | 2022 | 2023 |
---|---|---|---|---|---|
Revenues | 0000 | 0000 | 0000 | 0000 | 0000 |
EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 |
Profit | 0000 | 0000 | 0000 | 0000 | 0000 |
EV | 0000 | 0000 | 0000 | 0000 | 0000 |
EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 |
Source: Dealroom estimates
Related Content
Established in 2000, SEVEN Networks operates as a mobile software solutions provider headquartered in Marshall, Texas, with additional research and development facilities in Finland. Initially founded as Leap Corporation by Bill Nguyen and Trevor Fiatal, the company rebranded to SEVEN Networks, Inc. in December of the same year. Nguyen departed in 2005 to launch another venture, and since 2006, Ross Bott has been at the helm as President and CEO, having joined the board of directors in 2002. Bott's background includes leadership roles at Phone.com, Onebox.com, Adobe Systems, and Silicon Graphics, along with experience in venture capital.
SEVEN Networks develops software designed for device-centric mobile traffic management and analytics, catering primarily to wireless carriers and device manufacturers. The company's business model is centered on licensing its software solutions to these clients. Its core product suite, Open Channel, aims to optimize wireless network traffic by managing data flow at the device level. This approach is designed to alleviate network congestion by reducing unnecessary signaling from applications, which can improve network efficiency and enhance device battery life. The platform functions by creating a buffer that determines when an application genuinely needs to access the network, thereby reducing constant data requests. Early assessments suggested this could lower a device's network connection time by up to 40% and cut mobile traffic by as much as 70%.
Over its history, the company has secured significant partnerships and achieved notable milestones. In 2006, Sprint became a customer, followed by Verizon Wireless in early 2011. A key collaboration was established in 2010 with Samsung Electronics, which integrated SEVEN's push technology into its Social Hub service. The company has also been an active acquirer, purchasing Smartner Information Systems, and later SNRLabs in 2013. Financially, SEVEN Networks is privately funded by venture capital firms, having raised approximately $185 million through multiple funding rounds, including investments from Greylock, Ignition Partners, and Hercules Capital. The company holds a substantial intellectual property portfolio, with over three hundred patents and pending applications, and has engaged in patent assertion lawsuits against major technology companies like Apple, Google, and Samsung.
Keywords: mobile traffic management, wireless network optimization, device-centric analytics, Open Channel, signaling optimization, mobile software solutions, wireless carriers, device manufacturers, push notifications, data traffic reduction, network congestion, mobile battery life, mobile data offloading, policy enforcement, telecom software, Ross Bott, Trevor Fiatal, Bill Nguyen, mobile messaging, ad blocking
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Investments by SEVEN Networks
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