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 Jul 31, 2026, the latest employee count at Italtel is 1399.

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. Globally, the Internet of Things Infrastructure sector has seen $1.86B in funding in 2026 to date.

Where does Italtel rank among its competitors?

Italtel ranks 10th amongst 316 active competitors, of which 32 are funded. It stands 10th 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, Soracom and Sierra Wireless. Among them, Altair secured the most recent funding round in April, 2026.

Italtel - 2026 Company Profile, Team, Funding & Competitors

Italtel is an acquired company based in Milan (Italy), founded in 1921. It operates as a Provider of network evolution, cyber security, and digital communication solutions. Italtel has raised an undisclosed amount in funding. The company has 316 active competitors, including 32 funded and 68 that have exited. Its top competitors include companies like Altair, Soracom and Sierra Wireless.

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

10^th among 316 active competitors

Employee Count

1,399 as on Jul 31, 2026

Similar Companies

Altair & 367 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	8297237	Grant (prize money)	6065621	7807181	1807407	3676954
Jan 01, 2023	6912687	Grant (prize money)	1241086	9945867	7215662	Europa
Jan 01, 2021	6789801	Grant (prize money)	5868054	8022433	1895077	Europa

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View details of Italtel's funding rounds and investors

Italtel's employee count trend

Italtel has 1,399 employees as of Jul 26. Here is Italtel's employee count trend over the years:

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Top competitors of Italtel include Altair, Soracom and Sierra Wireless. 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, Bessemer Venture Partners & 13 others	70/100
2nd	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
3rd	Sierra Wireless 1993, Richmond (Canada), Acquired	Provider of communication modules for IoT applications	-	CampVentures, Granite Ventures & 3 others	67/100
4th	Eseye 2007, Guildford (United Kingdom), Series C	IoT connectivity solutions for businesses	$81.8M	Eikon Capital, Sandleton & 31 others	67/100
5th	Syniverse 1987, Tampa (United States), Acquired	Provider of connectivity, mobility, and messaging solutions for various industries	-	Qualcomm Ventures, Thecarlylegroup.fr & 1 others	66/100
6th	1NCE 2017, Cologne (Germany), Series D	Provider of managed connectivity services for low bandwidth hardware devices	$160M	SoftBank Group, I Squared & 13 others	63/100
7th	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	62/100
8th	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	60/100
9th	CSL 1996, Nottingham (United Kingdom), Acquired	Provider of IoT connectivity solutions for critical infrastructure and operations	-	ECI Partners, Bowmark Capital & 1 others	58/100
10th	Italtel 1921, Milan (Italy), Acquired	Provider of network evolution, cyber security, and digital communication solutions	-	Advent International, Brera Capital Partners ... & 1 others	58/100