When was TeraGo founded?

TeraGo was founded in 1999 and raised its 1st funding round 4 years after it was founded.

Where is TeraGo located?

TeraGo is headquartered in Thornhill, Canada. It is registered at 55 COMMERCE VALLEY DRIVE WEST, THORNHILL.

How many employees does TeraGo have?

As of May 27, 2025, the latest employee count at TeraGo is 49.

Is TeraGo a funded company?

TeraGo is a funded company, having raised a total of $2.31M across 4 funding rounds to date. The company's 1st funding round was a $***** Series A round, raised on Dec 04, 2003.

When was the latest funding round of TeraGo?

TeraGo's latest funding was a $***** Post IPO round on Apr 14, 2025, with participation from 0 investor.

Where does TeraGo rank among its competitors?

TeraGo ranks 24th amongst 2371 active competitors, of which 36 are funded. It stands 9th in terms of total funding among its competitors. The most recent competitor to raise funding was Elsight, which secured $39.1M in Jul, 2025.

Who are the top competitors of TeraGo?

TeraGo's top competitors include Viatel, TPx Communications and Aureon. Among them, Elsight secured the most recent funding round in July, 2025.

TeraGo - 2026 Company Profile, Funding & Competitors

TeraGo is an acquired company based in Thornhill (Canada), founded in 1999. It operates as an Internet, colocation and cloud services. TeraGo has raised $2.31M in funding. The company has 2371 active competitors, including 36 funded and 366 that have exited. Its top competitors include companies like Viatel, TPx Communications and Aureon.

Company Details

TeraGo Networks provides internet, colocation, and cloud services to businesses in Canada through its own network. Provides internet access using fibre, wireless, and Ethernet over cable technology. Its voice solutions include SIP trunking and Hosted PBX. Claims to have 4,100 business customers in 46 cities.

Website: terago.ca
Social
Email ID: *****@terago.ca
Registered Address: 55 COMMERCE VALLEY DRIVE WEST, THORNHILL

Key Metrics

Founded Year

1999

Location

Thornhill, Canada

Stage

Acquired

Total Funding

$2.31M in 4 rounds

Latest Funding Round

Post IPO, Apr 14, 2025, $*****

Investors

Second Alpha & 3 more

Ranked

24^th among 2371 active competitors

Employee Count

49 as on May 27, 2025

Investment & Acquisitions

Mobilexchange & 3 more

Similar Companies

6WIND & 39 more

Exit Details

Acquired by Hut 8 (Jan 20, 2022)

View TeraGo's full profile

TeraGo is associated with 2 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Reports
TERAGO INC. CIN: 1950723 , United States, Active		$25M - $100M (As on Oct 14, 2022)	-	-
Terago Networks Inc. CIN: 11774808 , Canada, Active	Jan 01, 2020	-	-	-

TeraGo got acquired by Hut 8 on Jan 20, 2022.

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

TeraGo has raised a total funding of $2.31M over 4 rounds. Its first funding round was on Dec 04, 2003. TeraGo has 4 institutional investors.

Here is the list of recent funding rounds of TeraGo:

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Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Apr 14, 2025	1967272	Post IPO	8846145	6995244	9546267	5406993
Mar 31, 2025	5046327	Post IPO	7442937	4525986	7665440	5414649
Jun 18, 2018	7707221	Post IPO	6368466	5684704	4121993	7396717

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TeraGo's employee count trend

TeraGo has 49 employees as of May 25. Here is TeraGo's employee count trend over the years:

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Top competitors of TeraGo include Viatel, TPx Communications and Aureon. Here is the list of Top 10 competitors of TeraGo, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Viatel 1991, Dublin (Ireland), Acquired	Connectivity, voice and data center solutions provider	$52M	Macquarie, Morgan Stanley & 2 others	73/100
2nd	TPx Communications 1998, Los Angeles (United States), Acquired	Managed IT and Business communication services provider	$308M	Investcorp, Point Financial & 9 others	68/100
3rd	Aureon 1988, West Des Moines (United States), Acquired	Midwest-based provider of connectivity, IT, consulting, and contact center solutions	$50.8M	Sprout Group, Atlas Venture & 1 others	65/100
4th	altafiber 2021, Cincinnati (United States), Series D	Provider of voip, internet, tv, and other services	$600M	Ares Management, Macquarie & 1 others	62/100
5th	ITS Technology Group 2011, Chester (United Kingdom), Series C	Internet, managed IT, and telephony services provider	$191M	Aviva Investors, Maven Capital Partners & 8 others	60/100
6th	Fusion Telecommunications 1997, New York City (United States), Public	Ip based digital Voice and Data communication platforms	-	Morgan Stanley, Ripple Capital & 9 others	60/100
7th	Onecom 2002, Fareham (United Kingdom), Late Stage	Business communication services provider	$125M	LDC, Ares Capital Corporation & 9 others	58/100
8th	GCI 2000, Lincoln (United Kingdom), Acquired	Provider of cloud-based IT solutions and managed services for logistics	$76.8M	RBS Group, HSBC & 1 others	57/100
9th	Tango Networks 2005, Frisco (United States), Series C	Enterprise mobility,mobile business continuity and Mobile call forwarding solutions for service providers and enterprises.	$103M	Signature Capital, TWJ Capital & 5 others	56/100
10th	Elsight 2009, Or Yehuda (Israel), Public	Provider of secure & uninterrupted connectivity solutions for unmanned and autonomous systems	$600K	Jade Ventures, 5G Open Innovation Lab & 1 others	56/100
24th	TeraGo 1999, Thornhill (Canada), Acquired	Internet, colocation and cloud services	$2.31M	Second Alpha, Charter Ventures & 2 others	52/100

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TeraGo has not made any investments yet. TeraGo has made 4 acquisitions.

Here is the list of latest three $acquisitions:

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Date of Investment/Acquisition	Type	Company Name	Founded Year	Location
Sep 24, 2018	Acquisition	Mobilexchange	2000	Toronto (Canada)
Aug 18, 2015	Acquisition	BoxFabric Hosting	2009	Ottawa (Canada)
Mar 19, 2015	Acquisition	RackForce	2001	Kelowna (Canada)