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To solve connectivity challenges for OEMs so they can capitalise on the enormous commercial opportunities the SDCV era will deliver the industry.
17% employee growth in 12 months
Cubic³ develops IoT-based global connected software that allows vehicles to automatically connect to local mobile networks. Since the company’s acquisition in 2008, Cubic³ has built up a strong customer base, including Audi, Bentley, Lamborghini, Microsoft, Porsche, and Volkswagen.
Cubic³'s IoT solutions have proven to be a hit in the automotive, agricultural, and transportation industries. This is in part because they allow vehicle and device manufacturers to avoid making agreements with multiple mobile service operators. This, in turn, solves tech complexities with integration and worries about compliance from country to country.
The connected car market, forecast to surpass $50B, highlights Cubic³'s strong position. SoftBank's €473M acquisition of a controlling stake in 2023 values Cubic³ at over €900M. This strategic move positions the company well for further expansion, with plans to bolster staff numbers in Ireland, mainland Europe, and the US.
Kirsty
Company Specialist at Welcome to the Jungle
Jan 2020
$12.4m
LATE VC
Aug 2017
$47m
SERIES C
This company has top investors
Barry Napier
(CEO & Executive Chairman)Acquired Cubic Telecom in late 2008. Prior to this, they were the CEO of a tech company where they led the acquisition and integration of the Irish Arm (Brightpoint Ireland).
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