As the avalanche of mobile data continues to threaten telecoms operators worldwide, Stoke is one of the few independent vendors creating solutions for the modern communications era.We are creating a legend.
Stoke develops transformative, future-focused mobile broadband gateways that dramatically improve the business value of operators’ mobile data services. Stoke’s approach is based on pioneering Business-Crossover™ Thinking and its technology is used worldwide in 3G and LTE mobile edge and core applications. Headquartered in Santa Clara, California, Stoke is a late-stage startup backed by prominent venture capital firms and carriers including Kleiner Perkins, Sequoia Capital, Focus Ventures, and NTT Docomo. The company currently holds #1 market share in deployed LTE security gateway devices and is winner of awards including 4GWE Product of the Year and Frost & Sullivan’s Best Practices 2010.
The introduction of the iPhone and similar ‘superphones’ changed the mobile broadband world dramatically. Mobile network operators are competing more fiercely but the avalanche of data is overwhelming their infrastructure and profitability. Traditional network equipment can’t solve this problem. Stoke was founded in 2004 to address this challenge. Our technology is expressly built for 4G/LTE and future mobile networks but today is also deployed to improve the performance and ROI of 3G (current) networks. We describe our offering as a ‘transformation platform’.
Our product is unique and highly differentiated, designed to take advantage of a booming mobile data market: it’s estimated that there will be 50 billion connected devices by 2015 and by 2014 Informa Telecoms suggests that the global market will be worth at least $340 billion. We are the only independent company in the world creating precise solutions that can be applied in any mobile network: we are free to innovate and make a difference in the mobile space.
Stoke is revolutionizing the way mobile broadband networks operate with the industry`s first multi-access convergence gateway purpose-built for massive global mobile data usage. The Stoke Session Exchange (SSX) platform is the only product suite of its kind engineered to perform converged, multimedia IP session management and mobility across multiple access technologies - including fixed, cellular, Wi-Fi and WiMAX – and is powered by contemporary, high performance hardware. It delivers an unprecedented combination of security, application control, mobility and charging capabilities, resulting in lower costs for operators and a far superior user experience.
Stoke’s success has compelled major partners and operators to consider us in the same field as much bigger players, and we are now achieving rapid growth.
We continue to be backed by the most prominent venture capitalists in the business. We have secured several uprounds of investor financing during the country’s most severe financial crisis, the most recent, Series E, for $17 million in January 2011, bringing total financing to over $90m. We quadrupled revenue in 2010 over 2009 and are looking for a similar performance in 2011.
Our business model is based not only on using our unique technology to seize opportunity, but also on building a global reputation for reliability. The long sales cycle and difficulty of testing with these entities is another reason why few startups in our space succeed – Stoke’s resilience and patience in overcoming these hurdles is another differentiator. We are now parlaying our first major success, in Japan, into engagements in North Asia, Europe and the US.
The future of Stoke lies in building a strong company with a diversified, reputable customer base. Whether our exit strategy is M&A or IPO, the logic is simple: to be an attractive prospect, we have to be the best in our space, to remain innovative, and continue to perform.