RiPSIM, an Ashburn, VA-based provider of a software platform for generating and delivering mobile network authentication credentials on demand, raised $5M in Seed funding.
The round was led by Ten Eleven Ventures. Alex Doll, co-founder and managing partner of Ten Eleven Ventures, will now join the RiPSIM board of directors along with Malte Pollmann, the former CEO of Utimaco, a global cybersecurity and compliance solutions and services provider, and a member of the Strategic Advisory Board of Ten Eleven Ventures.
The company intends to use the funds to accelerate the expansion of its eSIM-as-a-Service management platform, a solution modernizing the eSIM generation and delivery process.
Led by CEO Chris Jahr, RiPSIM Technologies has developed and patented an end-to-end eSIM-aaS management platform which enables wireless service providers and 4G/5G private network operators of any size to design, develop and deliver eSIMs at any time, in any quantity, for any device and at the highest security level in the wireless industry. Its GSMA-certified, cloud-native, microservices-based software features intuitive and easy-to-use interfaces that allow users, regardless of skill level, to develop eSIMs with confidence.
Also joining the RiPSIM board is Malte Pollmann, the former CEO of Utimaco, a global cybersecurity and compliance solutions and services provider, and a member of the Strategic Advisory Board of Ten Eleven Ventures.
Recent customers announced include GigSky, mobi, James Valley Wireless and SEMPRE.
