Seattle Washington based Teal Communications is raising $10,800,000.00 in New Equity Investment.
Seattle, WA – According to filings with the U.S. Securities and Exchange Commission, Teal Communications is raising $10,800,000.00 in new funding. Sources indicate as part of senior management President and Chief Executive Officer, Robert Hamblet played a key role in securing the recent investment and it will aid in aggressively expanding the company, as well as broaden and accelerate product development.
About Teal Communications
Teal is on a mission to end roaming and connect any device to any global carrier automatically. With our eSIM tech, customers can automate connectivity based on variables such as price, coverage maps, and network quality. We enable unparalleled ability for devices owners to control what networks they get connected on. Network vulnerabilities related to phone numbers & SMS are a serious threat to IoT security. Teals patented technology eliminates these vulnerabilities. Combined with custom VPNs, this industry-first network is built from the ground up as the most secure connectivity solution in the market. Teals platform enables IoT devices to connect on over 2,000+ home-equivalent networks in 195 countries ending roaming once and for all. No other platform has more operator agreements today. Teals platform is built to scale and evolve with the IoT industry. Unlike other solutions, our coverage options expand over time, with 2G, 3G, 4G, LTE-M and NB-IoT today, and 5G tomorrow. Once Teals eSIM is in your device, it can stay in that device for 15-20+ years lifecycle with no physical maintenance, even as devices move globally.
To learn more about Teal Communications, visit http://www.tealcom.io/
Contact:
Robert Hamblet, President and Chief Executive Officer
206-697-2020
https://www.linkedin.com/in/robert-hamblet-970582a1/
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