M87 is a pioneering startup that leads the way in shaping the Proximate Internet. Founded in 2010 and headquartered in the United States, M87 specializes in providing software solutions that facilitate the self-discovery and dynamic formation of device-to-device networks among billions of mobile devices. Their innovative software enhances the performance of current mobile networks and fosters connectivity in challenging IoT environments. The company offers two core applications for their groundbreaking technology. Firstly, a full stack software solution that allows the wireless industry to economically enhance coverage, throughput, and capacity by utilizing smartphones for routing and bridging data paths to the network. Secondly, an SDK with exposed APIs that can be leveraged by app developers and IoT companies to harness the potential of proximate device discovery, authentication, communication, and location, thus enabling new features for their applications – termed Communication as a Platform. M87 recently secured a $5.00M Series B investment on 17 November 2016, with contributions from prominent investors such as Madrona, Trilogy Equity Partners, Qualcomm Ventures, and Family Angel Investment Fund. Overall, M87's cutting-edge solutions and strategic investments position it as a significant player in the mobile industry, with the potential to drive substantial advancements in wireless technology and IoT connectivity.
Funding Stage | Amount | No. Investors | Investors | Date |
---|---|---|---|---|
Series B | $5.00M | 4 | Family Angel Management Fund | 17 Nov 2016 |
Series B | $3.00M | 2 | 13 Feb 2015 | |
Venture Round | Unknown | 1 | Peter Zandan | 15 Jun 2014 |
Series A | $3.00M | 3 | 21viaNet | 16 Apr 2014 |
Convertible Note | Unknown | 1 | 01 Jan 2013 |
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