Openet company logo

The profile is currenly unclaimed by the seller. All information is provided by CB Insights.

openet.com

Founded Year

1999

Stage

Acquired | Acquired

Total Raised

$53.5M

Valuation

$0000 

About Openet

Openet is a global provider of transaction management software for network operators, delivering real-time network engagement, insight, monetization, and control. The company's software-based solutions empower operators to create new business models, simplify and personalize the subscriber experience, and maximize the value of network resources as they transform legacy infrastructures to embrace the challenges to LTE, cloud computing, and other types of technology.On July 24th, 2020, Openet was acquired by Amdocs at a valuation of $180M.

Openet Headquarter Location

6 Beckett Way Park West Business Park

Dublin, D12 VX26,

Ireland

+353 (0)1 620 4600

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Openet Patents

Openet has filed 56 patents.

The 3 most popular patent topics include:

  • Network protocols
  • Wireless networking
  • Computer networking
patents chart

Application Date

Grant Date

Title

Related Topics

Status

7/9/2018

10/19/2021

Wireless networking, Software design patterns, Network protocols, Computer networking, Car classifications

Grant

Application Date

7/9/2018

Grant Date

10/19/2021

Title

Related Topics

Wireless networking, Software design patterns, Network protocols, Computer networking, Car classifications

Status

Grant

Latest Openet News

A space-age tool aims to bring water use down to Earth

Nov 29, 2021

By JESSE VADSJV Water New satellite technology could be a critical piece to the future of water trading in the San Joaquin Valley, according to those working on the tech. OpenET, an online platform that uses satellite imagery to estimate how much water is used by different crops, can now be viewed by the public. The platform is already being tested in the San Joaquin Valley. And in January, the state will allow landowners in the Sacramento-San Joaquin Delta to use OpenET data instead of metering their water usage. “In California, we still have a long ways to go in many places to enable water trading programs,” said Christina Babbitt, director of climate resilient water systems for nonprofit Environmental Defense Fund. “One of the biggest needs is having consistent data that can be used to inform management actions across these very local boundaries if we want to enable things like water trading.” OpenET uses satellite imagery to calculate evapotranspiration, when water evaporates from the surface of the Earth and off of plants. “The basic physical principles used to calculate evapotranspiration from satellites are familiar to anyone who has run through a sprinkler on a hot summer day,” wrote Robyn Grimm, project lead on OpenET and director of climate resilient water systems for EDF, in an email. “After you run through a sprinkler, the water evaporates and cools your skin.This same process occurs across the Earth’s surface.” That cooling effect is visible by satellites and can be used to calculate plants’ water consumption. Cooler temperatures mean more water is being used. The platform has been in development for the past four years. It is a combined effort that includes entities such as, NASA, EDF, the United States Geological Survey, the S. D. Bechtel, Jr. Foundation, multiple universities and more. The platform targets the western U.S. and other regions around the globe. OpenET could be of use to the San Joaquin Valley, in particular, in multiple ways, wrote Grimm. The data can help to inform irrigation management and water scheduling to save water and reduce costs, Grimm wrote. It can also help water managers, landowners and communities develop more accurate water budgets, conservation programs and, of course, trading platforms, Grimm added. The data could also potentially be used to inform groundwater pumping restrictions as the state begins to cut back on pumping in hopes of bringing its overpumped aquifers into sustainability. Rosedale-Rio Bravo Water Storage District in Kern County has already been using OpenET. The district is using the platform so landowners can track their own water budgets by parcel. Rosedale has also been experimenting with an online water trading market simulation. “We are doing our homework and comparing it to what else is out there,” wrote Markus Nygren, engineer tech at Rosedale on OpenET, in an email. “But we are not 100% sold on it.” OpenET is not the only platform available to estimate evapotranspiration. Land IQ provides a similar service and is being used by multiple water districts in the San Joaquin Valley including Laguna Irrigation District in Kings County and Semitropic Water Storage District in Kern County. Relying on just the platform isn’t enough, said Jason Gianquinto, general manager of Semitropic. Semitropic started using satellite data in 2016 but didn’t go fully online with the platform until 2018. The Land IQ system is paired with ground base station information gathered throughout the district for maximum accuracy. The system works well, said Gianquinto. But it took time to get there and was far from perfect at first. As for OpenET, Gianquinto thinks it could be useful on a large scale, such as for understanding trends across large areas. “But if you want to drill down to a specific parcel or field I think that’s a shortcoming of OpenET,” said Gianquinto. “You just have to understand the limitations of what the dataset is and I think that’s where I get concerned.” OpenET has released accuracy information about its data. Its data was compared to nearly 150 ground measurement stations across the U.S. At sites measured during the growing season, there was very little error at all. But at sites measured during monthly and daily time periods, some average error rates increased to slightly over OpenET’s targets. What is considered a good margin of error for this type of tech? There is no right answer to that question, according to Josue Medellin-Azuara, associate professor of civil and environmental engineering at University of California, Merced. “It would really depend on the application,” said Medellin-Azuara. Even small percentages of error can equate to significant amounts of water in some areas, he said. “It is real water to many people.” Still, the platform is a great step forward for water management, said Medellin-Azuara. And OpenET’s accuracy will only improve with time as it incorporates more on-the-ground verification and partnerships, he added. “These kinds of approaches improve transparency,” said Medellin-Azuara. “They help for water management, for research, for many other things to improve water use in California.” To view the satellite imagery, visit https://openetdata.org . Jesse Vad is the reporting intern at SJV Water, a nonprofit, independent online news publication dedicated to covering water issues in the San Joaquin Valley. Lois Henry, SJV Water’s CEO and editor, can be reached at  lois.henry@sjvwater.org . The website is  sjvwater.org . Deaths: 1,781 Percentage of all cases that are unvaccinated: 92.72 Percentage of all hospitalizations that are unvaccinated: 93.17

  • When was Openet founded?

    Openet was founded in 1999.

  • Where is Openet's headquarters?

    Openet's headquarters is located at 6 Beckett Way, Dublin.

  • What is Openet's latest funding round?

    Openet's latest funding round is Acquired.

  • How much did Openet raise?

    Openet raised a total of $53.5M.

  • Who are the investors of Openet?

    Investors of Openet include Bayside Capital.

Discover the right solution for your team

The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution.

Request a demo

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.