Socket Mobile

Socket Mobile provides mobile data capture solutions, specializing in barcode scanning and NFC technology to enhance operational efficiency across various sectors. Socket Mobile, founded in 1992 in Newark, US, specializes in mobile data capture solutions. The company has not undergone any significant pivots in its business strategy. Socket Mobile has raised a total of USD 0.

50 mn through several rounds of funding, with the latest round being VENTURE DEBT amounting to USD 0. 40 mn. The company has completed a total of 6 funding deals, with its most recent deal occurring on January 10, 2003. The founder's individual history and previous ventures are not provided in the available data.

Socket Mobile specializes in providing mobile data capture solutions, with a focus on barcode scanning and NFC (Near Field Communication) technology. The company offers a range of products, including a free camera barcode scanner and enhanced Pro camera scanners, as well as dedicated hardware barcode and NFC readers designed for efficient data capture across various applications. Their solutions are applicable in retail, healthcare, logistics, and field services, facilitating seamless integration with existing systems. In the most recent fiscal year 2024, Socket Mobile generated revenue of USD 18,762.

52 mn, with an EBITDA of USD -1,373. 78 mn. Revenue is primarily derived from direct business-to-business transactions centered around the sale of portable barcode scanners and NFC readers, along with support services including their CaptureSDK for application integration. Socket Mobile's future growth strategy includes launching new products designed to broaden their mobile data capture capabilities and entering additional markets in North America, Europe, and Asia-Pacific by the end of 2025.

Recent funding from the VENTURE DEBT round will be utilized to support the development of these new offerings. Additionally, the company raised USD 6 mn in an IPO in January 2003, which has likely contributed to its long-term growth initiatives.