By StartupChi Team | January 7, 2025

Introduction

In a significant leap towards revolutionizing identity and presence detection challenges through wireless technology, Ubiety Technologies has successfully raised $10 million in a Series A funding round. This strategic financing will bolster their mission to enhance data analytics solutions, making them a formidable player in the rapidly evolving analytics and IT landscape.

Background

Founded on the premise of unlocking the true potential of wireless device data, Ubiety Technologies began its journey to tackle critical market challenges that organizations face regarding accurate presence and identity detection. As more businesses migrate towards decentralized operations, the demand for reliable data solutions has skyrocketed. Driven by a team of seasoned professionals from the tech industry, Ubiety aims to harness advanced analytics to create innovative solutions that bridge the gap in identity verification and presence detection.

Funding Details

The Series A round saw participation from key investors, including Delta Global and Evolution Digital. With a pre-money valuation of $80 million and a total funding history now exceeding $26 million, Ubiety is positioning itself to disrupt the analytics space significantly. This infusion of capital is pivotal for steering product advancements and expanding market reach.

Competitive Landscape

In a crowded market filled with analytics solutions, Ubiety simply stands out. While competitors offer various data analytics services, Ubiety’s focus on identity and presence detection using wireless technology sets it apart. By specializing in this niche, the company is poised to meet a unique demand in an otherwise saturated analytics landscape.

Future Plans

Looking ahead, Ubiety plans to channel this funding towards product development, enhancing their existing analytics platform that leverages advanced wireless capabilities. Additionally, they intend to expand their team to fuel innovation and explore new market opportunities across various tech sectors. The company is eager to position itself as a leader in the analytics domain, significantly enhancing its product offerings and customer engagements.

With an eye on the future, Ubiety Technologies is more than poised to transform the identity and presence detection arena. To learn more about their innovations, visit www.ubiety.io.

Series A – Ubiety Technologies:

• Organization Name: Ubiety Technologies
• Organization Description: Ubiety Technologies is a data analytics and technology startup solving identity and presence detection challenges using wireless devices.
• Website: www.ubiety.io
• Funding Type: Series A
• Funding Round: Series A – Ubiety Technologies
• Money Raised: $10,000,000
• Announced Date: Jan 7, 2025
• Funding Stage: Early Stage Venture
• Pre-Money Valuation: Early Stage Venture
• Equity-Only Funding: Yes
• Industries: Analytics, Information Technology, Software, Wireless
• Revenue: $1B to $10B
• Total Funding: $26,478,759
• Funding Status: Early Stage Venture
• Number of Funding Rounds: 3
• Lead Investor:
• Investors: ,,, Delta Global, , Evolution Digital
• Number of Investors: 3
• Number of Partner Investors: 3