RiPSIM Secures $5M Seed Funding to Revolutionize eSIM Management
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Slice of Technology Team
11/03/2024
Key Highlights:
- $5 million Seed funding led by cybersecurity-focused Ten Eleven Ventures.
- Expansion of RiPSIM's eSIM-as-a-Service management platform for real-time, secure credential generation.
- New board members: Alex Doll, Ten Eleven, and Malte Pollmann, cybersecurity expert.
- Strategic support from partners like GigSky, mobi, and SEMPRE.
Source: Business Wire
Quotes
“ “RiPSIM is transforming the creation and delivery of an overlooked aspect of digital identity authentication in our day-to-day lives.” ”
Alex Doll, Managing Partner at Ten Eleven Ventures
Our Take:
This $5 million Seed funding round positions RiPSIM Technologies as a critical player in eSIM management, especially as the demand for eSIMs surges. Backed by Ten Eleven Ventures, RiPSIM's platform brings a much-needed shift in digital identity verification by offering real-time, on-demand eSIM provisioning. With influential industry leaders joining its board and partnerships with major network operators, RiPSIM is poised to deliver secure, scalable solutions essential for the growth of 5G and IoT sectors. This advancement not only reduces operational lag for network operators but opens doors for new services and market expansions in the mobile ecosystem.
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