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- Prodea
Prodea Funding, Investors & Competitors
Prodea has raised $106M across 2 funding rounds, most recently a $100M undisclosed-stage round in April 2014.
Last Prodea funding round
$100M
Undisclosed stage · Apr 2014
Cumulative funding Prodea raised
$106M
across 2 funding rounds
About Prodea
Prodea is a Richardson, Texas-headquartered company that operates the Residential Operating System platform for Internet of Things connectivity. The unified system enables service providers in New York, Los Angeles, Mumbai, London, Dubai, and Johannesburg to deliver device-agnostic services between people, data, and home ecosystems.
Founded
2006
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Prodea Funding History
Prodea has raised a total of $106M across 2 funding rounds.
Prodea's first fundraising round was a $6M Series A in January 2013. The most recent completed round was a $100M undisclosed-stage round in April 2014.
Prodea funding rounds
| Date | Stage | Raised |
|---|---|---|
| Apr 2014 | Undisclosed stage | $100M |
| Jan 2013 | Series A | $6M |
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialAcquisitions by Prodea
Prodea has acquired 1 company to date.
Last acquisition by Prodea was on July 26th 2017. Prodea acquired Arrayent for undisclosed valuation.
Latest Acquisitions by Prodea
| Description | Arrayent is an IoT platform connecting consumer devices to cloud services for home healthcare, fitness, and smart appliances. It provides gateway software, APIs, and backend hosting for brands to launch connected products rapidly. Incorporated in 2002 and headquartered in Redwood City, California, Arrayent supports protocols like Zigbee and Bluetooth Low Energy, enabling remote monitoring in North America and Europe for devices from blood pressure cuffs to thermostats. |
| HQ Country | |
| HQ City | San Francisco, CA |
| Deal Date | 26 Jul 2017 |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all Prodea acquisitions and their M&A valuation multiples. Start Free Trial | |
Prodea Competitors
Prodea competitors include listed companies like BOE, Samsara, Lite-On Technology and Sharetronic, and private ones like UNISOC and Verkada.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $31B | $7B | $32B | 1.6x | ||
| Publicly listed | $1.6B | ($29M) | $23B | 12.0x | ||
| Publicly listed | $5.2B | $700M | $20B | 2.9x | ||
| Publicly listed | $1.8B | $325M | $19B | - | ||
| Private | - | - | $9.1B | - | ||
| Private | - | - | $5.8B | - |
Prodea Public Comps
Prodea is still privately-owned, but its public comps include Johnson Controls, BOE, Samsara, Lite-On Technology, Sharetronic, Advantech, PTC, Huaqin Co, CIG Shanghai and Acuity.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $24B | $3B | 4.0x | 3.7x | 31.0x | 20.0x | |||
| $31B | $7B | 1.7x | 1.6x | 7.5x | 7.3x | |||
| $1.6B | ($29M) | 14.0x | 12.0x | (794.5x) | 55.7x | |||
| $5.2B | $700M | 3.6x | 2.9x | 26.5x | 19.7x | |||
| $1.8B | $325M | 12.2x | - | 68.8x | - | |||
| $2.2B | $428M | 8.2x | 6.1x | 42.5x | 30.4x | |||
| $2.7B | $1.1B | 5.8x | 5.8x | 14.0x | 11.8x | |||
| $26B | $900M | 0.6x | 0.5x | 16.5x | 14.4x | |||
This data is available for Pro users. Sign up to see all Prodea competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Prodea
| When was Prodea founded? | Prodea was founded in 2006. |
| Where is Prodea headquartered? | Prodea is headquartered in Dallas, TX, United States. |
| Is Prodea publicly listed? | No, Prodea is a private company. |
| How much funding has Prodea raised? | Prodea has raised $106M across 2 funding rounds. |
| What was Prodea's last funding round? | Prodea's last funding round was a $100M undisclosed-stage round in April 2014. |
| Which companies are comparable to Prodea? | Companies comparable to Prodea include BOE, Samsara, Lite-On Technology, Sharetronic, UNISOC and Verkada. |
| How many companies has Prodea acquired? | Prodea has acquired 1 company, including Arrayent. |
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