ScanReach

Private

StraumeFrontier & Industrial Techhttps://scanreach.com/

Last Round

Grant

Dec 15, 2023

Est. Valuation

$28.6M

Total Funding Raised

$6.16M

Company Overview

ScanReach is a maritime IoT company that provides wireless connectivity solutions for complex and confined steel environments on vessels and offshore installations.

Sector

Frontier & Industrial Tech

Verticals

Maritime & Shipping, IoT Hardware, Supply Chain Tracking, Private Networks, Sensors

Business Model

B2B

Customer Profile

Subscription SaaS, Hardware + Subscription

AI Layer

Infrastructure

Keywords

wireless mesh networkpersonnel trackingindustrial IoTmaritime safetyasset trackingIIoTonboard connectivitymustering systemoffshore safetysmart shippingsensor connectivitymachine-to-machineM2MSaaSprivate networkdigital twin data

Historical Pricing

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Caplight Momentum Score

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ScanReach Comps

Public and private peers based on sector, stage, and business model.

ScanReach comps — public and private peers by sector, stage, and business model
Company	Status	Est. Valuation	Rev Multiple
OpenAI	Private	$86.0B	~40x
Cohere	Private	$5.0B	--
Competitor 1	Public	$XX.XB	XXx
Competitor 2	Public	$XX.XB	XXx

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ScanReach Funding Rounds

Historical fundraising activity

Data table
Round	Date	Amount Raised	Valuation	Investors	Sources
Grant	Dec 15, 2023
Grant	Jul 8, 2020
VC Round	May 28, 2019

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Key People

Founding team and executive leadership

Sven-Eric Brooks

Chief Executive Officer, Chief Commercial Officer (CCO)

Executive Team

Tom Hagesæther

Chief Technology Officer

Executive Team

ScanReach Investors

Notable investors and investment history

ScanReach investors
Investor	Rounds
Momentum Partners	Early Funding
Industrial Development Corporation of Norway	Grant
Innovasjon Norge	Grant
The Research Council of Norway	Grant

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Market signals

Structured signals derived from secondary market and firmographic data.

Jul 8, 2020
Secured $2M from Innovasjon Norge.
May 28, 2019
$4.6M round led by Sigurd Steen Aase

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ScanReach Filings

SEC and related filings with document metadata.

Data table
Typed	Date	Amount Offered	Amount Sold	Filling	Pages	Download
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ScanReach Filings

SEC and related filings with document metadata.

Frequently Asked Questions

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Firmographic Details

HeadquartersStraume

Employee Range19

Year Founded2015

Last FundingDec 15, 2023

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