MobileIron

MobileIron’s mobile-centric, zero trust security approach verifies every user, device, application, network, and threat before granting secure access to business resources.

Launch date

May 2007

Employees

201-500 people

Market cap

Enterprise valuation

€793m (Public information from Sep 2020)

Mountain View California (HQ)

https://mobileiron.com

https://twitter.com/mobileiron https://www.linkedin.com/company/mobileiron https://apps.apple.com/app/id1150035878 https://play.google.com/store/apps/details?id=com.mobileiron.android.docsatwork

Revenues, earnings & profits over time

USD	2016	2017	2018	2019	2020	2021	2022
Revenues	-	180m	193m	205m	209m	218m	240m
% growth	-	-	7 %	6 %	2 %	4 %	10 %
EBITDA	-	(47.0m)	(39.0m)	(41.0m)	(5.0m)	(5.0m)	-
% EBITDA margin	-	(26 %)	(20 %)	(20 %)	(2 %)	(2 %)	-
Profit	-	(53.0m)	(43.0m)	(48.0m)	(58.0m)	(67.0m)	-
% profit margin	-	(29 %)	(22 %)	(23 %)	(28 %)	(31 %)	-
R&D budget	70.4m	69.3m	74.8m	78.1m	-	-	-
R&D % of revenue	-	39 %	39 %	38 %	-	-	-

Source: Dealroom estimates

Date	Investors	Amount	Round
-	CBC Capital In-Q-Tel	N/A	-
Sep 2007	Storm Ventures	$500k	Seed
Mar 2008	Sequoia Capital Norwest Venture Partners Storm Ventures	$8.8m	Series A
Aug 2009	Sequoia Capital Norwest Venture Partners Storm Ventures Big Basin Partners	$11.0m	Series B
Jul 2010	Sequoia Capital Foundation Capital Norwest Venture Partners Storm Ventures	$16.0m	Series C
May 2011	Sequoia Capital Foundation Capital Norwest Venture Partners Storm Ventures	$20.0m	Series D
Jun 2011	Sequoia Capital Foundation Capital Norwest Venture Partners Storm Ventures	$19.7m	Series D
May 2012	Sequoia Capital Institutional Venture Partners Wing Venture Capital Foundation Capital Norwest Venture Partners Storm Ventures	$40.0m	Series E
Oct 2013	Northgate Capital Sequoia Capital Singtel Innov8 Norwest Venture Partners Toba Capital Storm Ventures Eastlink Capital	$48.0m	Series F
Jun 2014	N/A	$100m	IPO
Sep 2020	Ivanti	$872m Valuation: $872m 4.3x EV/LTM Revenues -21.3x EV/LTM EBITDA	Acquisition
Total Funding		€149m