1nce
The first IoT network carrier to offer fast, secure and reliable connectivity services with a worldwide IoT Flat Rate.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor investor investor | €0.0 | round |
| investor investor | €0.0 | round | |
| investor | €0.0 | round | |
| N/A | €0.0 | round | |
* | $60.0m | Late VC | |
| Total Funding | 000k | ||
| EUR | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 | 0000 |
| % growth | - | - | - | - | 145 % |
| EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 |
| Profit | 0000 | 0000 | 0000 | 0000 | 0000 |
| % profit margin | - | - | - | (83 %) | (44 %) |
| 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: Company filings or news article
1NCE is a startup that provides managed connectivity services for low-bandwidth Internet of Things (IoT) applications. In simple terms, it helps devices that use the internet to communicate with each other, especially those that don't require high-speed internet. The company has a unique pricing model, the 1NCE IoT Lifetime Flat, which offers a prepaid service to connect IoT devices for up to 10 years at a cost of $10. This includes all necessary features such as data allowance, SIM card cost, APN, OpenVPN, and SMS.
1NCE also offers specialized SIM cards and chips designed for IoT devices. These are highly durable and can be used with the Lifetime Flat subscription at a minimal cost. The company is expanding its services rapidly, currently offering radio services in 165 countries and supporting all radio standards such as 2G, 3G, 4G/LTE-M, and NB-IoT.
The company's clients range from GPS tracking device suppliers like Mictrack to IoT solution providers like azeti and BibeCoffee. These businesses use 1NCE's services to ensure their devices stay connected and can transmit data reliably.
1NCE's business model is based on offering prepaid connectivity services for IoT devices. It makes money by charging a flat fee for its services, which includes the cost of the SIM card or chip, data allowance, and other necessary features.
Keywords: IoT Connectivity, Managed Services, Low-Bandwidth Applications, Prepaid Services, Flat Fee Pricing, SIM Cards for IoT, Global Coverage, Radio Services, Durable IoT Devices, IoT Solution Providers.