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Novatel Wireless
Provider of wireless broadband access solutions for the worldwide mobile communications market
About Novatel Wireless
Novatel Wireless, operating under the brand Inseego, specializes in providing enterprise-grade Internet of Things (IoT) solutions that enhance visibility, connectivity, and operational efficiency for businesses. The company serves a diverse range of clients, including government agencies, telecom operators, and enterprises with complex network environments. Novatel Wireless operates in the global IoT market, offering solutions that connect fleets, people, devices, and assets. Their business model revolves around selling IoT hardware and software solutions, including mobile and home broadband devices, and generating recurring revenue through SaaS (Software as a Service) subscriptions. The company makes money by offering comprehensive IoT solutions that simplify business operations, reduce downtime, and improve asset management. Novatel Wireless is also a pioneer in mobile broadband technology, having played a significant role in the development and commercialization of 2G, 3G, 4G, and now 5G solutions.
Source: Dealroom company dataAt a glance
- Status
- Listed
- Founded
- 1996
- Headquarters
- San Diego, United States
- Listing
- IPO 2000
- Employees
- 7
- Open positions
- None listed
- Dealroom signal
- 34.8/100
- Industry
- Telecom
- Sector
- Telecom, Telecommunications, Fleet Management, Mobile Data, Space Tech
- Client focus
- b2b
- Investment activity
- 2 companies, latest Mar 2015
- Capital deployed
- —
- Preferred round
- ACQUISITION
Knowledge graph
More headlines
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| ACQUISITIONOther financing | Nov 2016 | $0 | — | Inseego | — |
| POST IPO EQUITYOther financing | Jun 2015 | $144M | — | Undisclosed | — |
Financials
Revenue, earnings and other financial measures where available. Years marked “E” are estimates.
| Year | Revenue | Growth |
|---|---|---|
| 2026 | $162M | 0% |
| 2025 | $162M | -16.7% |
| 2024 | $194M | -10.5% |
| 2023 | $217M | -16.5% |
| 2022 | $260M | -6.8% |
| 2021 | $279M | -6.4% |
| 2020 | $298M | — |
Growth signals
Latest recorded traffic for Novatel Wireless is 850 monthly website visits, down 89.6% over the last three months. Novatel Wireless's team declined 36.4% over the past year.
Similar companies
Company identity and context are open; selected comparison metrics preview what is available on the platform.
Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Feeney WirelessEugene, United StatesTeam of makers with big ambitions on a mission to connect things -
$25Mvaluation
EnforaRichardson, United StatesWireless networking solutions that enable enterprises to access, analyze and leverage information from their assets
$76Mvaluation
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Series B and later6 investors entered at this stage
- CICornerstone Equity Investors
- GIGemini Investors
Capital Group- MCMF Private Capital
- ASAether Systems
- ACArgo Global Capital
Other known investors1 additional known investor
Inseego
Source: Dealroom Talent Intelligence.
Global footprint
Market sentiment
An AI-synthesised read of the highest-engagement posts about Novatel Wireless 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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