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Afero

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IoT platform for developing cloud-connected devices in any industry.

Los Altos, United StatesFounded 2014Telecom
Valuation $250–500M Last recorded · 2021
Headcount <100 Current team size
Total funding $50–100M Disclosed equity funding
Unlock exact values This page shows ranges. Dealroom has the exact numbers for Afero and the history behind them.

About Afero

Afero.io is a technology startup that specializes in providing secure, efficient, and cost-effective solutions for connecting devices to the internet, a concept known as the Internet of Things (IoT). The company's patented technology serves a wide range of clients, from large corporations to individual consumers, and is designed to handle both stationary and mobile devices.

Afero's business model revolves around its IoT platform, which allows for rapid, secure, and scalable connectivity. This platform is particularly beneficial for businesses looking to integrate IoT technology into their products, as it simplifies the process of connecting these products to the internet and managing them remotely.

One of Afero's notable successes is its partnership with Home Depot on the Hubspace Smart Home platform. This platform makes it easier for consumers to set up and manage smart home products, such as door locks and lighting controls, and is compatible with voice-controlled operating systems.

In addition to its IoT platform, Afero also offers AI capabilities. The company uses AI to enhance connectivity, improve security, and make data more actionable. This means that the data collected by IoT devices can be analyzed and used to make informed decisions.

Afero's revenue comes from businesses that use its platform to connect their products to the internet. The company also has a significant intellectual property portfolio, with the 5th largest number of IoT patents, which provides another potential revenue stream.

In summary, Afero is a promising startup in the IoT space, offering secure, scalable, and user-friendly solutions for businesses and consumers alike.

Source: Dealroom company data

At a glance

Status
Operational
Founded
2014
Headquarters
Los Altos, United States
Employees
51
Open positions
4
Dealroom signal
73.4/100
Industry
Telecom
Sector
Telecom, SaaS, Platform, IoT
Technology
IoT InternetOfThings

Funding history

4 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
SERIES COther financing Dec 2021 $50M $200M Crosspoint Capital Partners ↗
SERIES BOther financing Jun 2019 $23M $92M Mistletoe —
Showing the latest 2 of 4 recorded eventsBook a demo for the full funding history →

Growth signals

Afero website traffic

Latest recorded traffic for Afero is 5.4K monthly website visits, up 107.7% over the last three months. Afero's team grew 4.1% over the past year.

Latest monthly visits5.4K 3-month web change+107.7% 1-year team growth+4.1%
Summary metrics are public; monthly history is available with a demoCompare with peers →

Similar companies

Closest operating peers by Dealroom taxonomy

Company identity and context are open; selected comparison metrics preview what is available on the platform.

Showing 8 of the closest matchesCompare every metric →

Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

8 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Series A7 investors entered at this stage

Series B and later1 investor entered at this stage

  • Crosspoint Capital Partners
Team profiled 17 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 3 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
3 countries with
team presence
🇺🇸 United States93.5%
🇬🇧 United Kingdom3.2%
🇨🇦 Canada3.2%
3 countries shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Afero on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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