What RiPSIM Technologies does

RiPSIM Technologies is a privately held, venture-backed startup founded in 2021 and headquartered in Ashburn, Virginia, that has built what it describes as the world's first software-defined, end-to-end eSIM-as-a-Service platform. The cloud-native, microservices-based platform — built on AWS with Zero-Trust security architecture and FIPS 140-2 Level 3 HSM integration — is GSMA SAS-SM certified and compliant with SGP.21, SGP.22, SGP.31, and SGP.32 standards. It enables wireless service providers, private network operators, IoT fleet managers, and government/defense customers to design, generate, and deliver eSIM profiles in minutes rather than the months required by traditional SIM vendors, while giving customers full custody of root keys and credentials.

The product portfolio comprises three integrated modules (Profile Builder, Credential Generation, and Secure Packaging & Delivery/SM-DP+) plus a specialized Remote eSIM IoT Manager (eIM) for SGP.32-compliant unattended IoT devices. RiPSIM monetizes via a usage-based monthly subscription with no per-profile fees, offering both a self-serve SaaS interface for smaller carriers and an enterprise/API-first motion for Tier 1 operators, with a stated production capability of approximately 25 eSIMs per second.

The company has raised approximately $11.3 million in total funding across a 2022 SEC-exempt offering, a $5 million Series Seed led by Ten Eleven Ventures in October 2024, and a strategic investment from Swisscom Ventures in October 2025. It serves named customers and partners including GigSky (travel eSIM), mobi (Hawaii carrier), James Valley Wireless (South Dakota rural carrier), SEMPRE (DoD vendor), Cape (U.S.-sourced credentials), and Cumucore (private 5G/disaster recovery), with logo references including Verizon, Swisscom, Deutsche Bank, and Carolina Connect. The team of approximately 15 employees carries 175+ years of combined wireless industry experience, primarily sourced from Giesecke+Devrient and Thales DIS.

Name

RiPSIM Technologies

Legal name

RiPSIM Technologies Inc.

Website

https://ripsim.com

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

11–50 employees

Short description

RiPSIM Technologies is a U.S.-based eSIM-as-a-Service provider that delivers a cloud-native, GSMA-certified platform enabling carriers, private network operators, IoT fleet managers, and government/defense customers to design, generate, and provision eSIMs in minutes with full credential sovereignty.

Ownership category

akta.pro rank

Headquarters

HQ city

Ashburn

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Marketing or Sales, Operations, Infrastructure

Revenue model

1. eSIM-as-a-Service Subscription: RiPSIM operates on a simple monthly subscription based on system usage. Customers create unlimited profiles but pay only for what they use. Includes continuous feature upgrades and new capabilities at no additional cost. Designed for long-term partnership with predictable pricing and automatically renewing agreements.
2. Usage-Based / Pay-as-you-go: Pricing model based on actual system usage — not per profile. No profile fees, no hidden costs, no lock-ins. Eliminates waste from expired profiles. Customers can scale up or down without renegotiating contracts.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels6 records

Core offering

RiPSIM Technologies develops a cloud-native, software-defined eSIM-as-a-Service platform that enables wireless service providers, private network operators, and government entities to design, generate, and download eSIM profiles on demand. The platform replaces legacy SIM vendor workflows (months-long timelines, per-profile fees) with instant profile creation, credential sovereignty, and full lifecycle management compliant with GSMA SGP.21/SGP.22/SGP.31/SGP.32 standards.

Product overview

RiPSIM Technologies offers a unified eSIM-as-a-Service platform built around its cloud-native, microservices-based software. The core platform provides three integrated modules: Profile Builder (for creating reusable eSIM templates), Credential Generation (for large-scale profile production with secure key generation), and Secure Packaging & Delivery (for QR code activation, in-app enrollment, and SM-DS download). This platform is complemented by two specialized offerings: the RiPSIM SM-DP+ (Subscription Manager Data Preparation Plus), a GSMA-compliant solution for remote eSIM provisioning for consumer and IoT devices; and the RiPSIM eIM (Enterprise-Grade Remote eSIM IoT Manager), a GSMA SGP.32–compliant manager purpose-built for massive, unattended IoT fleets. Together, the platform serves wireless carriers, private networks, and government entities.

Differentiator

Problem solved

Functional benefit

Products and services

• RiPSIM SM-DP+ (Subscription Manager Data Preparation Plus) A GSMA-compliant SM-DP+ solution for secure, scalable remote eSIM provisioning for consumer and IoT devices at global scale. Combines a cloud-native, modular architecture with hardened cryptography, compliant with GSMA SGP.22 and SAS-SM, and integrates with existing BSS/OSS systems.
• RiPSIM eIM (Enterprise-Grade Remote eSIM IoT Manager) A GSMA SGP.32–compliant Remote eSIM IoT Manager purpose-built for constrained, unattended IoT devices. Automates secure eSIM provisioning and lifecycle control across large, geographically distributed IoT fleets, integrating with SM-DP+, IPA (IPAd and IPAe), and SM-DS components.
• RiPSIM eSIM-as-a-Service Platform RiPSIM's cloud-native, software-defined eSIM management platform. Enables wireless service providers and private network operators to design, develop, and deliver eSIMs at any time, in any quantity, for any device, at the highest security level in the wireless industry. Includes Profile Builder, Credential Generation, and Secure Packaging & Delivery modules.

Quantifiable outcome

• eSIM creation time reduced from months to minutes
• +4 more outcomes

Named customers11 records

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

Three partnerships are on record, tiered core.

• CumucorecoreStrategic or Co-development Partner · 4 March 2026RiPSIM partnered with Cumucore to deploy a resilient private mobile network restoring critical connectivity in Western North Carolina after Hurricane Helene. The partnership provided eSIM credentialing for communications hubs supporting emergency response. The deployment earned the TeckNexus 'Private Network Excellence in Public Safety' award.
• CapecoreStrategic or Co-development Partner · 3 March 2026RiPSIM and Cape partnered to provide U.S.-sourced SIM credentials to consumers, enterprises, and government customers. The partnership aims to enhance telecom security by moving credentialing into a cloud-native environment, ensuring full customer custody and reducing supply chain risks. This addresses data sovereignty concerns for customers who need domestic SIM credentialing.
• GigSkycoreTechnology or Integration · 14 October 2024GigSky, the gold standard in eSIMs for international travel, uses the GSMA-certified RiPSIM platform to generate travel eSIMs. The partnership includes a multi-IMSI applet enabling multiple IMSI profiles on a single eSIM, making it easier for GigSky subscribers to switch among cellular providers while traveling internationally.

Scale indicators7 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Thales: Thales (via its Thales DIS / former Gemalto division) is one of the largest global SIM and eSIM providers serving Tier-1 carriers, IoT, and government customers. It is the most direct incumbent competitor to RiPSIM, offering GSMA-certified SM-DP+ and eIM products through established carrier relationships.
• IDEMIA: IDEMIA is one of the top global SIM and eSIM vendors, with a strong GSMA-certified footprint serving carriers, IoT, financial, and government markets. It competes head-to-head with RiPSIM in carrier eSIM provisioning and IoT/M2M credentialing.
• Giesecke+Devrient (G+D): G+D is a leading global SIM/eSIM vendor where RiPSIM co-founder Chris Jahr previously spent 20+ years. G+D offers GSMA-certified eSIM management solutions for carriers, enterprises, and IoT, making it a direct comparable both in product and in the talent pool from which RiPSIM drew its leadership.
• Workz: Workz is a GSMA-certified eSIM provider serving carriers, MVNOs, and IoT providers globally with cloud-based eSIM management platforms. It competes directly with RiPSIM in carrier and MVNO eSIM provisioning.
• Valid: Valid is a global provider of SIM cards, eSIM platforms, and secure connectivity solutions serving mobile operators, IoT, and government clients. It is a relevant direct peer in eSIM lifecycle management.
• Truphone / 1Global: 1Global (the corporate successor to Truphone) is a GSMA-accredited mobile network operator with a strong eSIM platform serving carriers, MVNOs, enterprises, and travel eSIM providers. It is comparable to RiPSIM in eSIM-as-a-Service delivery and carrier-grade credentialing.

Emerging players

• Kigen: Kigen (a subsidiary of Sierra Wireless) provides GSMA-certified eSIM and integrated SIM (iSIM) solutions focused on IoT and cellular connectivity. It is a relevant emerging peer in the SGP.32 / IoT eIM category where RiPSIM also competes.
• Oasis Smart SIM: Oasis Smart SIM (a division of OJSC Systech / Eastcom) provides cloud-based eSIM platforms (Smart Connect Hub) for mobile operators and IoT, with GSMA certifications. It is an emerging peer in carrier-grade eSIM management.

Broad incumbents

• Tata Communications (MOVO / IoT): Tata Communications offers eSIM and global IoT connectivity platforms at scale to enterprises and carriers, including managed eSIM solutions. As a broad incumbent with global reach, it overlaps with RiPSIM in IoT/M2M eSIM provisioning.
• Deutsche Telekom IoT (T IoT): Deutsche Telekom's IoT division operates a global eSIM and connectivity management platform serving enterprise and carrier customers. It is a broad incumbent comparable to RiPSIM for IoT-grade eSIM services, especially in Europe.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights6 records

Customer concentration

Compliance8 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Funding overview

Funding rounds3 records

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about RiPSIM Technologies