Veniam
Veniam provides an intelligent networking SaaS platform and SDK that enables connected vehicles and mobile IoT devices to transfer 10x more data at 40–60% lower cost per gigabyte across 4G/5G, Wi-Fi, and V2X networks, serving auto OEMs, Tier 1 suppliers, telematics providers, and fleet operators.
- Company typePrivate
- Founded2012
- HeadquartersSan Francisco, United States
- Headcount51–100
- GTM typeB2B
- OfferingSoftware
What Veniam does
Veniam is a technology company that provides an intelligent networking platform for the Internet of Moving Things — software that enables mobile IoT devices and connected vehicles to transfer data automatically, securely, and cost-effectively across multiple wireless networks (4G/5G, Wi-Fi, and V2X). Founded in 2012 by João Barros, Robin Chase (former Zipcar CEO), Roy Russell (former Zipcar CTO), and Susana Sargento, and headquartered in Porto, Portugal with a North American office in San Francisco, Veniam built its technology around vehicle mesh networking — pioneered in the world's first commercial vehicular mesh in Porto's container terminal in 2013 — before pivoting in 2017 to become a software-only company focused 100% on the automotive industry. The core offering is an SDK for Linux and Android devices combined with cloud services that automate wireless network selection, policy management, security, and data flow management, with industry-specific modules for Video Telematics, Connected Fleets, Industrial IoT, and Auto OEM/Tier 1 customers. Veniam claims its platform delivers 10x more data transfer at 40–60% lower cost per gigabyte versus cellular-only approaches, supported by 130+ granted patents and production deployments across 200,000+ devices, 110M+ kilometers of data processed, and 15TB transferred monthly.
Veniam operates an enterprise SaaS and technology licensing model, selling quote-based multi-year contracts to automotive manufacturers, Tier 1 suppliers, telematics providers, and fleet operators. Named enterprise customers and integration partners include Robert Bosch, DENSO, TomTom (IndiGO digital cockpit), StarHub (Singapore Smart Nation), Nexar (AI dash cams and digital twin of roads), Nextbase (iQ smart dash cams), Voltaiq (battery data), and Single Digits (Wi-Fi hotspot access), alongside an undisclosed Asian Auto OEM. The company raised approximately $30.4M across a $500K seed grant (2013), $4.9M Series A led by True Ventures (2014), and $25M Series B led by Verizon Ventures with Cisco, Orange, Yamaha, Liberty Global, True Ventures, USV, and Cane (2016). On August 3, 2022, Veniam was acquired by Nexar, ending its independent operating status.
Veniam firmographics
Firmographics- Name
- Veniam
- Legal name
- Veniam
- Website
- https://veniam.com
- Company type
- Private
- Founded year
- 2012
- Operating status
- Acquired
- Headcount range
- 51–100 employees
- Short description
- Veniam provides an intelligent networking SaaS platform and SDK that enables connected vehicles and mobile IoT devices to transfer 10x more data at 40–60% lower cost per gigabyte across 4G/5G, Wi-Fi, and V2X networks, serving auto OEMs, Tier 1 suppliers, telematics providers, and fleet operators.
- Ownership category
- akta.pro rank
Veniam industry classification
Industry- Product category
- Connected Vehicle Networking Software
- NAICS
- Computer Systems Design and Related Services (54151), Wired and Wireless Telecommunications (except Satellite) (5171), Telecommunications (517)
- SIC
- Computer Communications Equipment (3576), Services-Computer Integrated Systems Design (7373)
- akta.pro primary industry
- V2X On-Board Units (OBUs) & Vehicle Connectivity Modules (TLAJAHAB)
- akta.pro secondary industries
- DSRC / IEEE 802.11p V2X Infrastructure (TLAJAHAD), Fault & Performance Monitoring (SNMP/Telemetry/APM for Networks) (HDAFAMAA)
Keywords
Where Veniam is headquartered
LocationHeadquarters
- HQ city
- San Francisco
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
Veniam business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Marketing or Sales, Infrastructure, Operations
Revenue model
- Intelligent Networking SaaS: Software-as-a-service model providing intelligent networking capabilities for mobile IoT devices and connected vehicles. Customers pay for data transfer services with reported savings of 40-60% per gigabyte compared to cellular-only solutions.
- Technology Licensing: Licensing of intellectual property and technology to partners for integration into their products and platforms.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Multi-year contract | Enterprise SaaS platform for intelligent networking |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels4 records
Veniam product offering
Product offeringCore offering
Veniam provides an Intelligent Networking Platform composed of a software SDK for Linux and Android devices plus cloud services that enable mobile IoT devices and connected vehicles to transfer data automatically, securely, and cost-effectively across multiple wireless networks (4G/5G, Wi-Fi, V2X). The platform supports applications in video telematics, connected fleets, industrial IoT, and automotive connected vehicles, including vehicle mesh networking capabilities.
Product overview
Veniam offers a platform-plus-modules architecture built around its core Intelligent Networking Platform. The platform consists of a software SDK for Linux/Android devices combined with cloud services that automate wireless networking functions. Veniam's SDK and cloud services enable devices to transfer data automatically, securely and cost-effectively across all available networks (4G/5G, Wi-Fi, V2X). The core platform is complemented by industry-specific solutions including Video Telematics, Connected Fleets, Industrial IoT, and Auto OEM & Tier 1 solutions. Veniam's vehicle mesh networking technology enables vehicles to share data and expand coverage as a distributed network.
Differentiator
Problem solved
Functional benefit
Products and services
- Intelligent Networking Platform Veniam's core SaaS platform combining an SDK for Linux and Android devices with cloud services that enable mobile IoT devices and connected vehicles to transfer 10x more data at 40-60% lower cost per gigabyte. Includes policy management, security management, smart connection management, and data management across 4G/5G, Wi-Fi, and V2X networks.
- Video Telematics Solution Vertical-specific solution enabling dash cam and telematics providers to upload more and better quality video for AI training and customer applications while saving 40-60% per gigabyte. Designed for video telematics providers transferring high-volume video from dash cams and telematics units.
- Connected Fleets Solution Vertical-specific solution enabling fleet operators to transfer 10x more data for fleet operations and monitoring while saving 40-60% per gigabyte. Supports driver behavior data upload for coaching and vehicle data for predictive maintenance.
- Industrial IoT Solution Vertical-specific solution providing industry-grade connectivity for industrial IoT devices with 40-60% savings per gigabyte. Keeps IoT devices up-to-date and delivers new connected services for enterprise IoT operators.
- Auto OEM & Tier 1 Solution Vertical-specific solution enabling auto manufacturers and Tier 1 suppliers to transfer 10x more data at 40-60% lower cost per GB for connected vehicles. Supports over-the-air software updates, infotainment, maps, ADAS, and new digital features.
Quantifiable outcome
- 10x more data transfer at 40-60% lower cost per gigabyte
- +6 more outcomes
Companies that use Veniam
Customer profileNamed customers5 records
Segments4 records
Ideal customer profiles4 records
Veniam technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration5 records
AI capability7 records
Feature7 records
Veniam partnerships and signals
Strategic signalPartnerships
Seven partnerships are on record, tiered major and core.
- Single DigitsmajorPartnership enabling mobile IoT devices and connected vehicles to transfer data over millions of Wi-Fi hotspots on the move. Single Digits provides automated, seamless wireless connectivity while Veniam manages intelligent network switching.
- TomTomcoreIntegration with TomTom IndiGO, the world's first open digital cockpit software platform. Veniam's intelligent networking feature enables TomTom IndiGO customers to split data flows and charge separately for each application, with 60% lower cost per GB.
- NextbasecoreNextbase selected Veniam as partner for connection management and secure data transfers across multiple wireless networks for the Nextbase iQ smart dash cam. Veniam's technology enables the high-resolution video uploads required by Nextbase's AI-powered dash cam.
- NexarcoreStrategic partnership where Nexar uses Veniam's software APIs to collect images for AI-digital twin of US roads. Veniam's technology enables Nexar to make the most of all available wireless networks (4G/5G, Wi-Fi, mesh) and transfer massive amounts of data securely and cost-effectively.
- VoltaiqcorePartnership to provide global solution for transferring electrified vehicle battery data. Voltaiq leverages Veniam's intelligent networking platform to transfer 10x more data at 50-80% lower cost per gigabyte using 4G/5G, Wi-Fi, and V2X networks.
- Robert Bosch GmbHcoreIntegration projects with Robert Bosch GmbH for next-generation telematics units. Veniam's intelligent data networking platform is a key element for managing and transferring data between vehicles and the cloud. Selected as CES 2019 Innovation Award Honorees together.
- DENSOcoreIntegration projects with DENSO, one of the largest automotive suppliers, for intelligent networking solutions.
Scale indicators12 records
Recent moves3 records
Expansion highlights5 records
Veniam competitors and assessment
Company assessmentDirect peers
- Sierra Wireless: Sierra Wireless provides cellular IoT modules, gateways, and connectivity services for connected vehicles, fleet telematics, and industrial IoT. Like Veniam, it bridges physical devices to cloud services, though primarily via cellular rather than multi-network Wi-Fi/4G/5G/V2X switching.
- Aeris Communications: Aeris offers IoT and M2M connectivity management platforms with cellular and multi-network support for connected vehicles and fleet operators. Comparable to Veniam's intelligent networking SaaS layer for managing cost-effective device-to-cloud data transfer.
- Samsara: Samsara provides connected fleet telematics with video and sensor data, addressing the same high-data-cost challenges Veniam solves. Both target fleet operators with technology that improves data transfer economics for video and IoT workloads.
- Lytx: Lytx is a video telematics provider using dash cams and AI for fleet safety. Veniam's video telematics solution is a complementary networking layer for exactly this category of high-volume video data transfer.
- Geotab: Geotab is a major fleet telematics platform that ingests high-volume vehicle data. Comparable as a downstream consumer of intelligent connectivity that enables cost-effective data offload from commercial vehicles.
- Motive (formerly KeepTruckin): Motive offers connected fleet management with dash cam video and telematics, serving the same video telematics customer segment that Veniam targets with its intelligent networking platform.
- Nauto: Nauto provides AI-powered video telematics for fleets with a focus on driver behavior and safety data. Like Nexar and Nextbase, Nauto is the type of high-volume video data customer that depends on intelligent networking solutions like Veniam's.
Broad incumbents
- HERE Technologies: HERE provides location data, HD maps, and connected vehicle cloud services to global OEMs. TomTom's IndiGO partner integration with Veniam indicates comparable positioning in the connected vehicle software stack with broader scope.
- Bosch: Bosch is a major automotive Tier-1 supplier integrating Veniam into its next-generation telematics unit. Comparable as a much larger incumbent with broader automotive electronics, but uses Veniam as a software component for connectivity optimization.
- Harman International: Harman (a Samsung company) provides connected car solutions, telematics control units, and OTA platforms to global OEMs. Comparable as a broad incumbent in the same connected vehicle software and hardware ecosystem Veniam targets.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks7 records
Key highlights7 records
Customer concentration
Veniam social profiles
Digital presenceVeniam financial estimates
Financial estimateRevenue estimate
Valuation estimate
Veniam leadership team
Management profileNumber of profiles
Profiles13 records
Veniam funding detail
Funding detailFunding overview
Funding rounds2 records
Investors9 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Veniam M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Veniam
What does Veniam do?
Veniam provides an Intelligent Networking Platform composed of a software SDK for Linux and Android devices plus cloud services that enable mobile IoT devices and connected vehicles to transfer data automatically, securely, and cost-effectively across multiple wireless networks (4G/5G, Wi-Fi, V2X). The platform supports applications in video telematics, connected fleets, industrial IoT, and automotive connected vehicles, including vehicle mesh networking capabilities.
Is Veniam a public or private company?
Veniam is a private company. It is classified as corporate owned and is currently acquired.
When was Veniam founded?
Veniam was founded in 2012. It employs 51 to 100 people.
Where is Veniam based?
Veniam is headquartered in San Francisco, United States, in the North America region.
How does Veniam make money?
Two revenue lines are on record. Intelligent Networking SaaS are the primary driver. The others are technology Licensing.
Who are Veniam's main competitors?
Direct peers on record are Sierra Wireless, Aeris Communications, Samsara, Lytx, Geotab, Motive (formerly KeepTruckin) and Nauto. Broad incumbents are HERE Technologies, Bosch and Harman International.
Does Veniam have an API?
Yes. Veniam provides easy-to-use APIs for connection management, data management, security management and policy management. The APIs allow applications to make the most out of all available networks (4G/5G, Wi-Fi, V2X), maximize quality of service, reduce data costs and enable separate billing for different applications. Application developers can use Veniam's software APIs to collect images and transfer massive amounts of data to the cloud in a secure and cost-effective way.
What industry is Veniam in?
Veniam's product category is Connected Vehicle Networking Software. Its primary akta.pro industry code is TLAJAHAB, V2X On-Board Units (OBUs) & Vehicle Connectivity Modules, with a secondary code of TLAJAHAD, DSRC / IEEE 802.11p V2X Infrastructure. Its NAICS code is 54151 and its SIC code is 3576.