When was Italtel founded?

Italtel was founded in 1921 and raised its 1st funding round 94 years after it was founded.

Where is Italtel located?

Italtel is headquartered in Milan, Italy.

Who is the current CEO of Italtel?

Benedetto Di Salvo and Stefano Pileri s of Italtel.

How many employees does Italtel have?

As of Sep 30, 2026, the latest employee count at Italtel is 1398.

Is Italtel a funded company?

Italtel is a funded company, having raised an undisclosed amount across 6 funding rounds to date. The company's 1st funding round was a $***** Grant (prize money) round, raised on Jul 01, 2015.

When was the latest funding round of Italtel?

Italtel's latest funding was a $***** Grant (prize money) round on Oct 01, 2023, with participation from 1 investor. Its primary sector is Internet of Things Infrastructure. In Italy, the Internet of Things Infrastructure sector has seen $272M in funding in 2026 to date.

Where does Italtel rank among its competitors?

Italtel ranks 17th amongst 361 active competitors, of which 33 are funded. It stands 11th in terms of total funding among its competitors. The most recent competitor to raise funding was Altair, which secured $50M in Apr, 2026.

Who are the top competitors of Italtel?

Italtel's top competitors include Altair, Syniverse and Soracom. Among them, Altair secured the most recent funding round in April, 2026.

Italtel - 2026 Company Profile, Team, Funding & Competitors

Company Details

Provider of network evolution, cyber security, and digital communication solutions. The company delivers technologies enhancing connectivity, efficiency, and infrastructure security for applications and services. It offers solutions designed to meet business needs in the evolving digital landscape. The company supports industries with technologies enhancing efficiency, sustainability, and competitiveness.

Website: www.italtel.com/
Social
Email ID: *****@italtel.com
Phone Number: +39 **********

Key Metrics

Founded Year

1921

Location

Milan, Italy

Stage

Acquired

Latest Funding Round

Grant (prize money), Oct 01, 2023, $*****

Investors

Advent International & 2 more

Ranked

17^th among 361 active competitors

Employee Count

1,398 as on Sep 30, 2026

Similar Companies

Altair & 412 more

Exit Details

Acquired by Next Alias (Jun 26, 2024)

View Italtel's full profile

Italtel got acquired by Next Alias on Jun 26, 2024.

Click here to take a look at Italtel's acquisition in detail

Italtel has raised funding over 6 rounds. Its first funding round was on Jul 01, 2015. Its latest funding round was a Grant (prize money) round on Oct 01, 2023 for $*****. 1 investor participated in its latest round. Italtel has 3 institutional investors.

Here is the list of recent funding rounds of Italtel:

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Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Oct 01, 2023	8088191	Grant (prize money)	6867927	9835023	7070161	7718559
Jan 01, 2023	6985728	Grant (prize money)	3255539	4727307	8502112	Europa
Jan 01, 2021	4009655	Grant (prize money)	2799293	2573600	3131838	Europa

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View details of Italtel's funding rounds and investors

Italtel's employee count trend

Italtel has 1,398 employees as of Sep 26. Here is Italtel's employee count trend over the years:

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Top competitors of Italtel include Altair, Syniverse and Soracom. Here is the list of Top 10 competitors of Italtel, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Altair 2005, Hod Hasharon (Israel), Acquired	Developer of LTE chipsets	$124M	JVP, BRM & 13 others	72/100
2nd	Syniverse 1987, Tampa (United States), Acquired	Provider of connectivity, mobility, and messaging solutions for various industries	$2.19M	Qualcomm Ventures, Thecarlylegroup.fr & 1 others	70/100
3rd	Soracom 2014, Tokyo (Japan), Public	Provider of IoT connectivity solutions and platform services for device management	$11.4M	World Innovation Lab, Pavilion Capital Partners ... & 9 others	69/100
4th	Sierra Wireless 1993, Richmond (Canada), Acquired	Provider of communication modules for IoT applications	-	CampVentures, Granite Ventures & 3 others	67/100
5th	Eseye 2007, Guildford (United Kingdom), Series C	IoT connectivity solutions for businesses	$81.8M	Eikon Capital, Sandleton & 31 others	67/100
6th	Teal Communications 2018, Bellevue (United States), Series A	Provider of network orchestration service and eSIM for IoT connectivity	$27.1M	StageDotO, Stormbreaker Ventures & 5 others	61/100
7th	1NCE 2017, Cologne (Germany), Series D	Provider of managed connectivity services for low bandwidth hardware devices	$160M	SoftBank Group, I Squared & 13 others	60/100
8th	GCT Semiconductor 1998, San Jose (United States), Public	Developer of chips and modules for 4G LTE and 5G	$351M	Samsung Venture Investment, BoKwang & 25 others	59/100
9th	CSL 1996, Nottingham (United Kingdom), Acquired	Provider of IoT connectivity solutions for critical infrastructure and operations	-	ECI Partners, Bowmark Capital & 1 others	59/100
10th	Kigen 2020, Cambridge (United States), Seed	Provider of eSIM and iSIM solutions for connected devices	-	SoftBank Vision Fund, Salica Investments & 2 others	58/100
17th	Italtel 1921, Milan (Italy), Acquired	Provider of network evolution, cyber security, and digital communication solutions	-	Advent International, Brera Capital Partners ... & 1 others	55/100