When was Prodea founded?

Prodea was founded in 2006 and raised its 1st funding round 3 years after it was founded.

Where is Prodea located?

Prodea is headquartered in Richardson, United States. It is registered at Richardson, Texas.

How many employees does Prodea have?

As of Mar 01, 2026, the latest employee count at Prodea is 10 - 49.

Is Prodea a funded company?

Prodea is a funded company, having raised a total of $156M across 5 funding rounds to date. The company's 1st funding round was a $***** Series C round, raised on Nov 13, 2009.

When was the latest funding round of Prodea?

Prodea's latest funding was a $***** Series D round on Apr 08, 2014, with participation from 1 investor. Its primary sector is Manufacturing Tech. In United States, the Manufacturing Tech sector has seen $3.17B in funding in 2026 to date.

Where does Prodea rank among its competitors?

Prodea ranks 31st amongst 726 active competitors, of which 90 are funded. It stands 3rd in terms of total funding among its competitors. The most recent competitor to raise funding was Algo8, which secured $1.97M in Apr, 2026.

Who are the top competitors of Prodea?

Prodea's top competitors include Particle, Altair and Silicon Labs. Among them, Algo8 secured the most recent funding round in April, 2026.

Prodea - 2026 Company Profile, Team, Funding & Competitors

Company Details

Prodea provides cloud-based solutions for IoT applications. Provides real-time performance monitoring, data intelligence, & predictive analytics solutions and enables service operators, enterprises, manufacturers, & governments to add white-label IoT services top their existing offerings. Offers IoT Service X-Change Platform for launching connected products with services, to gain key insights from user & product usage data and to enhance product value through cloud-to-cloud integration. Has use cases across smart home, smart city, security, digital health, energy, e-government, and other industries.

Website: prodea.com
Social
Email ID: *****@prodea.com
Registered Address: Richardson, Texas

Key Metrics

Founded Year

2006

Location

Richardson, United States

Stage

Series D

Total Funding

$156M in 5 rounds

Latest Funding Round

Series D, Apr 08, 2014, $*****

Investors

SWFI & 6 more

Ranked

31^st among 726 active competitors

Employee Count

10 - 49 as on Mar 01, 2026

Investment & Acquisitions

Arrayent & 3 more

Similar Companies

Particle & 735 more

View Prodea's full profile

Prodea is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Reports
PRODEA SYSTEMS, INC. CIN: 204895950 , United States, Active	Aug 07, 2006	-	20 (As on Dec 31, 2021)	-

Prodea has raised a total funding of $156M over 5 rounds. Its first funding round was on Nov 13, 2009. Its latest funding round was a Series D round on Apr 08, 2014 for $*****. 1 investor participated in its latest round. Prodea has 7 institutional investors.

Here is the list of recent funding rounds of Prodea:

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Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Apr 08, 2014	7934376	Series D	3702785	5861692	9433949	5055729
Jan 22, 2013	3494203	Series C	3106266	1159654	3199709	1890452
Jul 05, 2011	9944815	Series C	4741415	7592263	2742281	3672982

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View details of Prodea's funding rounds and investors

The founders of Prodea are Anousheh Ansari, Amir Ansari and Hamid Ansari.

Here are the details of Prodea's key team members:

Anousheh Ansari: Former Co Founder & CEO of Prodea and founder of 1 other company.
Amir Ansari: Former Co-Founder & CTO of Prodea and founder of 1 other company.
Hamid Ansari: Co-Founder and President of Prodea and founder of 1 other company.

View details of Prodea's Founder profiles and Board Members

Prodea's employee count trend

Prodea has 10 - 49 employees as of Mar 26. Here is Prodea's employee count trend over the years:

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Top competitors of Prodea include Particle, Altair and Silicon Labs. Here is the list of Top 10 competitors of Prodea, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Particle 2011, San Francisco (United States), Acquired	Developer of a prototype to production connectivity platform for IoT	$135M	Root Ventures, Qualcomm Ventures & 20 others	78/100
2nd	Altair 1985, Troy (United States), Acquired	Provider of enterprise software for simulation, data analytics, AI, and HPC	$35.1M	General Atlantic, Shefa Capital & 3 others	77/100
3rd	Silicon Labs 1996, Austin (United States), Acquired	Developer of wireless and non-wireless technologies, software, tools, and services	-	Norwest, Silverton Partners & 6 others	75/100
4th	PTC 1985, Boston (United States), Public	Provider of software for product lifecycle management, CAD, IoT, and service	-	Bessemer Venture Partners, Norwest & 3 others	73/100
5th	MaintainX 2018, San Francisco (United States), Acquired	Provider of a platform for maintenance and operations management solutions	$254M	Bessemer Venture Partners, Bain Capital Ventures ... & 30 others	71/100
6th	Cognite 2016, Lysaker (Norway), Acquired	Provider of industrial artificial intelligence and data management platform solutions	$225M	TCV, Accel & 5 others	69/100
7th	Winjit 2004, Nashik (India), Seed	Provider of artificial intelligence, machine learning, and digital transformation solutions	$2.92M	RIB Software, MTWO & 25 others	67/100
8th	Ayla Networks 2010, Milpitas (United States), Series D	Provider of an IoT platform for smart home and device solutions	$144M	Crosslink Capital, IFC & 20 others	66/100
9th	Hexagon 1975, Stockholm (Sweden), Public	Provider of digital reality solutions combining measurement, positioning, and autonomous technologies	-	LIFT Ecosystem Accelerator, Aeternum & 7 others	66/100
10th	Algo8 2016, Houston (United States), Seed	Provider of industrial artificial intelligence platform for energy and manufacturing sectors	$2.59M	Chemelex, IIT Startups & 3 others	65/100
31st	Prodea 2006, Richardson (United States), Series D	Provider of cloud-based solutions for IoT applications	$156M	DCM Ventures, Synergy Growth & 5 others	46/100

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Prodea has made 3 investments in companies including Etrials and Cradle Technologies. Prodea has also acquired 1 companies including Arrayent.

Here is the list of investments & acquisitions:

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Date of Investment/Acquisition	Type	Company Name	Founded Year	Location
Jul 26, 2017	Acquisition	Arrayent	2002	Redwood City (United States)
Sep 02, 2013	Investments	Etrials	2003	Morrisville (United States)
May 27, 2004	Investments	Cradle Technologies	1998	Mountain View (United States)