When was Vertel founded?

Vertel was founded in 1996 and raised its 1st funding round within a year of its incorporation.

Where is Vertel located?

Vertel is headquartered in Los Angeles, United States.

Is Vertel a funded company?

Vertel is a funded company, having raised an undisclosed amount across 2 funding rounds to date. The company's 1st funding round was a $***** Series A round, raised on Jan 1996.

When was the latest funding round of Vertel?

Vertel's latest funding was a $***** Post IPO round on Sep 29, 1998, with participation from 2 investors.

Where does Vertel rank among its competitors?

Vertel ranks 222nd amongst 282 active competitors, of which 19 are funded. It stands 11th in terms of total funding among its competitors. The most recent competitor to raise funding was Telness, which secured $5.4M in Apr, 2024.

Who are the top competitors of Vertel?

Vertel's top competitors include Comviva, Synchronoss and Neusoft. Among them, Telness secured the most recent funding round in April, 2024.

Vertel - 2026 Company Profile, Funding & Competitors

Company Details

Vertel provides network management, service meditation, and OSS solutions to the telecom service providers and network operators. Its flagship product isTMN (telecom network management) software, M*Ware Core Platform. It also provides services like consulting, program management, and application development. Its customers include AT&T, Duetsche Telekom, Siemens, Nokia etc. Its products are supported and maintained by Xelas Software.

Website: vertel.com
Email ID: *****@xelas.com

Key Metrics

Founded Year

1996

Location

Los Angeles, United States

Stage

Series A

Latest Funding Round

Post IPO, Sep 29, 1998, $*****

Investors

Sierra Ventures & 1 more

Ranked

222^nd among 282 active competitors

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View Vertel's full profile

Vertel has raised funding over 2 rounds. Its first funding round was on Jan 1996. Its latest funding round was a Post IPO round on Sep 29, 1998 for $*****. 2 investors participated in its latest round. Vertel has 2 institutional investors.

Here is the list of recent funding rounds of Vertel:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Sep 29, 1998	9562322	Post IPO	2780313	9864514	5853772	2803206
Jan 1996	2343177	Series A	3227559	3062457	1688792	Sierra Ventures

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Top competitors of Vertel include Comviva, Synchronoss and Neusoft. Here is the list of Top 10 competitors of Vertel, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Comviva 1999, Gurugram (India), Acquired	Developer of platforms for digital payments, marketing, and business operations	$13.5M	Sequoia Capital, Cisco & 27 others	77/100
2nd	Synchronoss 2000, Bridgewater (United States), Acquired	SaaS-based platform providing subscriber analytics, network asset management, and cloud services	$34M	Adams Street Partners, Saints Capital & 12 others	71/100
3rd	Neusoft 1991, Shenyang (China), Public	IT solutions and service provider	-	Intel Capital, Legend Capital & 6 others	67/100
4th	Allot 1996, Hod Hasharon (Israel), Public	Cloud based platform offering network management software	-	Demtech, Walden Israel & 8 others	65/100
5th	NetScout 1985, Westford (United States), Public	Provider of network performance, observability, cybersecurity, and DDoS solutions	$6M	Silver Lake, Egan-Managed Capital & 4 others	65/100
6th	Telness 2020, Stockholm (Sweden), Series A	Provider of business phone systems and VoIP phone systems	$15.7M	Industrifonden, Forestum Capital & 3 others	62/100
7th	Mobileum 2000, Cupertino (United States), Acquired	Telecom analytics solutions provider, securing networks and unlocking data intelligence	$59M	MC Capital, World Innovation Lab & 10 others	61/100
8th	Comarch 1993, Krakow (Poland), Acquired	Cloud-based enterprise resource planning software for enterprises	-	CVC, Europa	60/100
9th	NTG Clarity 1992, Markham (Canada), Public	OSS/BSS products and system integration/consulting services provider	-	Royal Bank of Canada, Canadian Technology Accelerator ... Read more	60/100
10th	Amdocs 1982, Chesterfield (United States), Public	Cloud-based OSS and BSS solutions provider	-	SG Americas Securities, Welsh, Carson, Anderson & Stowe ... & 3 others	60/100
222nd	Vertel 1996, Los Angeles (United States), Series A	Network management and OSS solutions provider	-	Sierra Ventures, Pequot Capital Management	23/100