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TapRoot Systems

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Mobile software for turning smartphones into hotspots.

Cary, United StatesFounded 2000Telecom
Valuation $25–50M Last recorded · 2005
Total funding $10–50M Disclosed equity funding
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About TapRoot Systems

TapRoot Systems Inc. was a software maker based in Research Triangle Park, N.C. The company specialized in developing technology to bridge the gap between Wi-Fi and cellular networks for mobile carriers.

The company's flagship product was 'WalkingHotSpot', a software package designed for wireless carriers to offer their customers. This software enabled smartphones to function as mobile Wi-Fi hotspots, allowing up to five Wi-Fi-enabled devices to connect to the internet through the phone's cellular broadband connection. The system worked on phones running Windows Mobile or Symbian S60 software. The CEO at the time of the WalkingHotSpot launch was Bob Bickster.

The WalkingHotSpot platform was developed to address carriers' concerns about network capacity by providing them with a server to control access, which also created a new business model for charging subscribers for the service. This addressed the growing demand for constant connectivity by leveraging existing 3G infrastructure and the smartphones already available in the market.

In 2010, TapRoot Systems was acquired by Research In Motion (RIM), the maker of BlackBerry, as part of a series of acquisitions to enhance its technology portfolio and develop a next-generation operating system.

Source: Dealroom company data

At a glance

Founded
2000
Headquarters
Cary, United States
Sector
Telecom

Investors

3 investors on the cap table

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

Series A3 investors entered at this stage

  • Intersouth Partners
  • Mid-Atlantic Venture Funds
  • Harbert Growth Partners
Team profiled 1 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators Hidden — book a demo quality score
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 · Cary HQ
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Market sentiment

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