KORE has about 500 employees, nearly 100 of them in Georgia. It works with about 3,600 companies in a range of industries to help them acquire, set up and manage connected devices securely.
There are 12 billion so-called internet-of-things devices globally, by one estimate, and the number is expected to growth sharply in coming years. Bahl describes this as “the decade of IOT.”
Setting up and managing systems for devices can be a slow and cumbersome process for companies, involving lots of players, Bahl said in an interview. KORE’s promise is to speed up and simplify the work for its customers.
The company reported 2020 revenue of $214 million, with a net loss of $35 million. It continues to report growing sales.