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Logo Firm Veniam
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Veniam

map marker logo Mountain View |  U.S.A.

Investor TypeFirm
InvestingUnited States

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What is Veniam?

Veniam is a technology company focused on transforming vehicles into mobile Wi-Fi hotspots and creating expansive vehicular networks which enhance wireless coverage and glean urban data across major cities. Their state-of-the-art technology comprises hardware, software, and cloud solutions, designed to serve intelligent transportation systems. By integrating these elements, Veniam turns various types of vehicles, such as taxis, waste collection trucks, and public buses, into connected units within the network.

A notable achievement includes establishing the world's largest network of connected vehicles in Porto, Portugal, serving over half a million users with free Wi-Fi. The firm's reach isn't limited to Porto, as they also operate networks in New York, USA, and Singapore. Veniam's innovative solutions support Video Telematics, Connected Fleets, Industrial IoT, and Auto OEM & Tier 1s, enabling massive data transfers and superior connectivity in automotive and industrial environments.

The intelligent data networking platform assists in cost-effective, secure, and abundant data transfer between vehicles and the cloud, which is essential for high-quality service and consumer satisfaction. Commitment to advancing connectivity can also be seen through strategic partnerships and collaborations, like those with Single Digits for mobile IoT Wi-Fi connections and TomTom to alleviate the data bottleneck in connected cars. Moreover, Veniam collaborates with Voltaiq to manage electrified vehicle battery data.

With over 15 years of R&D, 130+ patents, and several industry accolades, Veniam boasts more than 110 million kilometers of mobile IoT data and 15 TBs of vehicle-transferred data monthly.

They have a significant global footprint, with offices in New York, Porto, and Singapore, and are financially backed by major venture capital and corporate investors including True Ventures, Union Square Ventures, Verizon Ventures, Cisco Investments, Orange, Yamaha Motors, and Liberty Global.

Veniam aims to push the boundaries of the Internet of Moving Things, driving forward a vision of connected and intelligent transportation systems worldwide.

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