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

Prodea Overview

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

United StatesDallas, TX

Website

prodea.com

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

Prodea funding rounds
DateStageRaised
Apr 2014Undisclosed stage$100M
Jan 2013Series A$6M

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Acquisitions 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

Arrayent
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 CountryUnited States
HQ City
San Francisco, CA
Deal Date26 Jul 2017
Valuationundisclosed
EV/Revenue
EV/EBITDA

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Prodea Competitors

Prodea competitors include listed companies like BOE, Samsara, Lite-On Technology and Sharetronic, and private ones like UNISOC and Verkada.

Public and private companies comparable to Prodea
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
BOEChinaChinaPublicly listed$31B$7B$32B1.6x
SamsaraUnited StatesUnited StatesPublicly listed$1.6B($29M)$23B12.0x
Lite-On TechnologyTaiwanTaiwanPublicly listed$5.2B$700M$20B2.9x
SharetronicChinaChinaPublicly listed$1.8B$325M$19B-
UNISOCChinaShanghaiPrivate--$9.1B-
VerkadaUnited StatesSan Francisco, CAPrivate--$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 FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Johnson Controls$24B$3B4.0x3.7x31.0x20.0x
BOE$31B$7B1.7x1.6x7.5x7.3x
Samsara$1.6B($29M)14.0x12.0x(794.5x)55.7x
Lite-On Technology$5.2B$700M3.6x2.9x26.5x19.7x
Sharetronic$1.8B$325M12.2x-68.8x-
Advantech$2.2B$428M8.2x6.1x42.5x30.4x
PTC$2.7B$1.1B5.8x5.8x14.0x11.8x
Huaqin Co$26B$900M0.6x0.5x16.5x14.4x

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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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