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Digi International

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IoT Solutions, Software, Products, Services for the Industrial IoT | Digi International

Hopkins, United StatesFounded 1985Other B2B Software
Valuation $2.76B Market cap · 2026
Revenue $532M Latest reported FY
EBITDA $147M Latest reported FY

About Digi International

In 1985, long before the term "Internet of Things" entered the popular lexicon, a Minnesota-based company was founded by John Schinas, a former rocket scientist. This company, initially called DigiBoard, addressed a core inefficiency in the early days of personal computing: how to get a single computer to handle multiple devices at once. They developed intelligent circuit boards that allowed numerous users to connect to a single PC, a cost-effective alternative to expensive networks. The company found early success, and by 1989, it went public on the NASDAQ as Digi International, raising $11 million to fuel its growth. This event marked a pivotal moment, providing the capital to expand beyond its initial products. Throughout the 1990s, Digi grew by making strategic acquisitions, moving into Local Area Network (LAN) and Wide Area Network (WAN) connectivity, establishing itself as a key player in the I/O market. As technology evolved, so did Digi. The company astutely shifted its focus toward wireless communication and embedded systems, recognizing the massive potential of connecting machines to each other. This foresight positioned Digi as a foundational player in the M2M (machine-to-machine) and industrial IoT space. Rather than building flashy consumer gadgets, Digi focused on the critical, often unseen, hardware and software that enables industries like transportation, energy, and retail to operate more efficiently and reliably. Today, Digi International continues to operate as a public company, providing the essential building blocks for a connected world.

Source: Dealroom company data

At a glance

Status
Listed
Founded
1985
Headquarters
Hopkins, United States
Listing
IPO 1989
Employees
992
Open positions
8
Dealroom signal
48.4/100
Industry
Enterprise Software
Sector
Other B2B Software, Space Tech
Business model
Manufacturing, SaaS
Client focus
b2b
Investment activity
6 companies, latest Oct 2026
Capital deployed
—
Preferred round
ACQUISITION

Funding history

4 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
POST IPO DEBT✓Debt Aug 2026 $350M — Bank of America · BMO Capital Markets · BMO Harris Bank · MUFG Bank ↗
POST IPO DEBT✓Debt Dec 2023 $250M — Bank of America · Bank of Montreal · MUFG Innovation Partners ↗
Showing the latest 2 of 4 recorded eventsBook a demo for the full funding history →

Financials

Revenue, earnings and profit over time

Revenue, earnings and other financial measures where available. Years marked “E” are estimates.

YearRevenueGrowthEBITDAMarginProfitMarginR&D
2026 $532M +23.7% $147M 27.7% $57M 10.8% $64M
2025 $430M +1.5% $90M 21% $41M 9.5% $64M
2024 $424M -4.7% $82M 19.2% $23M 5.3% $60M
2023 $445M +14.6% $50M 11.3% $59M
2022 $388M +25.8% $26M 6.8%
2021 $309M +10.5% $13M 4.1%
2020 $279M — $12M 4.1%
Company filings, research estimates and Dealroom dataBook a demo for the full financial model →

Growth signals

Digi International website traffic

Latest recorded traffic for Digi International is 450K monthly website visits. Digi International's team grew 45.2% over the past year.

Latest monthly visits450K 1-year team growth+45.2%
Summary metrics are public; monthly history is available with a demoCompare with peers →

Investors

6 investors on the cap table

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

Series B and later6 investors entered at this stage

  • Bank of Montreal
  • BMO Harris Bank
  • Bank of America
  • MUFG Innovation Partners
  • BMO Capital Markets
  • MUFG Bank
Team profiled 54 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
🇺🇸 United States · Hopkins HQ
Book a demo for the full country breakdown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Digi International 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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