Senet Overview

  • Year Founded
  • 2009

Year Founded

  • Status
  • Acquired/​Merged

  • Employees
  • 39

Employees

  • Latest Deal Type
  • M&A

Senet General Information

Description

Developer of cloud-based software designed to offer cloud-based managed network services for highly scalable LoRaWAN. The company's sensors help devices to connect over long ranges while delivering long battery life, enabling enterprises to manage and measure the status of widely distributed assets in businesses such as residential fuel oil and propane tank automation, water and gas metering, commercial lubrication distribution and solar irradiance.

Contact Information

Website
www.senetco.com
Formerly Known As
EnerTrac
Ownership Status
Acquired/Merged
(Operating Subsidiary)
Financing Status
Formerly VC-backed
Corporate Office
  • 100 Market Street
  • Suite 104
  • Portsmouth, NH 03801
  • United States
+1 (603)
Primary Industry
Other Communications and Networking
Other Industries
Systems and Information Management
Connectivity Products
Parent Company
Netmore Group
Vertical(s)
LOHAS & Wellness, SaaS, Impact Investing, Internet of Things
Corporate Office
  • 100 Market Street
  • Suite 104
  • Portsmouth, NH 03801
  • United States
+1 (603)

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Senet Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
8. Merger/Acquisition 06-Feb-2024 Completed Generating Revenue
7. Secondary Transaction - Private 27-Apr-2022 Completed Generating Revenue
6. Later Stage VC (Series 1) 22-Sep-2020 Completed Generating Revenue
5. Later Stage VC (Series A3) 15-Mar-2017 Completed Generating Revenue
4. Later Stage VC (Series A2) 29-Oct-2015 Completed Generating Revenue
3. Later Stage VC 17-Dec-2014 Completed Generating Revenue
2. Early Stage VC 21-Aug-2013 $5.28M $9.6M Completed Generating Revenue
1. Early Stage VC (Series A) 01-Aug-2011 $4.27M $4.27M Completed Startup
To view Senet’s complete valuation and funding history, request access »

Senet Cap Table

Stock # of Shares
Authorized		 Par Value Dividend Rate ($) Original
Issue Price		 Liquidation Liquidation
Pref. Multiple		 Conversion Price % Owned
Series 1
To view Senet’s complete cap table history, request access »

Senet Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
Developer of cloud-based software designed to offer cloud-based managed network services for highly scalable LoRaWAN. Th
Other Communications and Networking
Portsmouth, NH
39 As of 2024

Boulder, CO
 

Waterloo, Canada
 
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Senet Competitors (4)

One of Senet’s 4 competitors is Freewave Technologies, a Formerly PE-Backed company based in Boulder, CO.

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Freewave Technologies Formerly PE-Backed Boulder, CO
eleven-x Venture Capital-Backed Waterloo, Canada
Telit Communications Private Equity-Backed Irvine, CA
Sierra Wireless Formerly VC-backed Richmond, Canada
To view Senet’s complete competitors history, request access »

Senet Patents

  • 3

    Total Documents Applications and Grants

  • Total Patents Families

  • 3

    Granted

  • Pending

  • Expiring in next 12 mo

Senet Recent Patent Activity

Publication ID Patent Title Status First Filing Date Technology (CPC) Citations
US-10778752-B1 System and method for low power wide area virtual network for iot Active 16-Nov-2018
US-11044607-B1 Method for gateway onboarding for iot networks Active 04-Dec-2017
US-10735521-B1 Iot network controller / server Active 20-Nov-2017 H04L67/02

Senet Signals

Growth Rate

Weekly
Growth
Weekly Growth

Size Multiple

Median
Size Multiple

Key Data Points

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Senet Former Investors (8)

Investor Name Investor Type Holding Investor Since Participating Rounds
Activate Venture Partners Venture Capital Minority
Angel Investors Venture Capital Minority
City Light Capital Venture Capital Minority
Fisk Ventures Family Office Minority
Harbor Light Capital Partners Venture Capital Minority
You’re viewing 5 of 8 investors. Get the full list »

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Senet FAQs

  • When was Senet founded?

    Senet was founded in 2009.

  • Where is Senet headquartered?

    Senet is headquartered in Portsmouth, NH.

  • What is the size of Senet?

    Senet has 39 total employees.

  • What industry is Senet in?

    Senet’s primary industry is Other Communications and Networking.

  • Is Senet a private or public company?

    Senet is a Private company.

  • What is Senet’s current revenue?

    The current revenue for Senet is .

  • How much funding has Senet raised over time?

    Senet has raised $49.1M.

  • Who are Senet’s investors?

    Activate Venture Partners, Angel Investors, City Light Capital, Fisk Ventures, and Harbor Light Capital Partners are 5 of 8 investors who have invested in Senet.

  • Who are Senet’s competitors?

    Freewave Technologies, eleven-x, Telit Communications, and Sierra Wireless are competitors of Senet.

  • When was Senet acquired?

    Senet was acquired on 06-Feb-2024.

  • Who acquired Senet?

    Senet was acquired by Netmore Group.

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