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§ Public · 2200 University Ave. E Waterloo, ON, Canada N2K 0A7
Software and services company developing secure solutions for communications and IoT, serving enterprises, governments, and automakers.
BlackBerry Limited is a Waterloo, Ontario-based technology company that develops secure software, communications services, and Internet of Things solutions for global enterprises and governments. Operating as a publicly traded entity on the NYSE and TSX, the firm transitioned away from its legacy mobile hardware division in 2016 to focus entirely on software licensing and embedded automotive technology. The company previously faced intense smartphone market competition from Apple and Google, which caused its global user base to decline from a peak of 85 million in 2013 to 23 million by 2016. Under the leadership of CEO John Giamatteo, the organization now provides critical infrastructure tools and its QNX operating system, which currently powers more than 275 million vehicles worldwide. The enterprise was originally founded in 1984 as Research In Motion by Mike Lazaridis and Douglas Fregin.
Blackberry has raised $297.0M across 5 funding rounds.
Key people at Blackberry.
Blackberry has raised $297.0M in total across 5 funding rounds.
Blackberry has raised $297.0M across 5 funding rounds. Most recently, it raised $120.0M Cylance - Series E in June 2018.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Dec 12, 2023 | CorrActions | $7.3M Series A | Alexander Petrofski | BlackBerry, Orlie SOL (dahan) Gruper, Next Gear Ventures, Nextleap Ventures, OurCrowd, Regah Ventures, Stone Ventures |
| Feb 24, 2023 | Electra Vehicles | $21.0M Other Equity | Stellantis Ventures, Damiano Coletti | BlackBerry, Club Degli Investitori, LIFTT |
| Jun 29, 2022 | COMPREDICT | $5.8M Series A | BlackBerry | — |
| Aug 1, 2021 | Car IQ | $15.0M Series B | Louis Rajczi | Plug & Play Ventures, Ally Financial, Alpana Ventures, Avanta Ventures, BlackBerry, Citi Ventures, Quest Venture Partners, Scrum Ventures, State Farm Ventures, TELUS Ventures |
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Jun 19, 2018 | $120M Series E | Blackstone | — | Announced |
| Jun 1, 2016 | $100M Series D | Insight Partners, Viral Patel | Accel, CRV, Dell Technologies Capital, DFJ, DNX Ventures, Menlo Ventures, Meritech Capital Partners, Redpoint Ventures, SYN Ventures, TEN Eleven Ventures | Announced |
| Jul 1, 2015 | $42M Series C | Mark Bailey | Accel, Amplify.LA, CoinFund, Cota Capital, CRV, Dell Technologies Capital, DFJ, DNX Ventures, FF Venture Capital, Flex Capital, Idealab, IVP, Kleiner Perkins, Menlo Ventures, Meritech Capital Partners, Outlander Labs, Redpoint Ventures, Science, Howard Lindzon, SYN Ventures, TEN Eleven Ventures, The Finger Group, TOM Mcinerney, JAY Leek, Adam Boutin, Fairhaven Capital, Khosla Ventures, Herald Chen, Thomvest Ventures | Announced |
| Feb 1, 2014 | $20M Series B | — | SYN Ventures, TEN Eleven Ventures, JAY Leek, Fairhaven Capital, Khosla Ventures | Announced |
| Feb 1, 2013 | $15M Series A | Mark Hatfield, Vinod Khosla | TEN Eleven Ventures | Announced |
Blackberry has raised $297.0M in total across 5 funding rounds.
Blackberry's investors include Blackstone, Insight Partners, Viral Patel, Accel, CRV, Dell Technologies Capital, DFJ, DNX Ventures, Menlo Ventures, Meritech Capital Partners, Redpoint Ventures, SYN Ventures.
BlackBerry Limited, originally founded as Research In Motion (RIM) in 1984, pioneered wireless email and connectivity devices, starting with pagers and modems before launching the iconic BlackBerry smartphone in 1999.[1][2][6] At its peak in the mid-2000s, it dominated the premium smartphone market with over 50% U.S. share and 20% global, selling 50 million devices annually, earning the nickname "CrackBerry" for its addictive push-email and secure thumb-keyboard design targeted at business professionals like investment bankers.[1][2][5] Today, after exiting the consumer hardware business in 2016, BlackBerry focuses on enterprise cybersecurity, IoT software, and QNX embedded systems, serving governments, enterprises, and industries needing secure communications.[4][6]
The company solves critical problems in secure mobility and connected devices, powering systems in 235 million vehicles via QNX and providing endpoint management for over 8 million devices through BlackBerry UEM and Cylance AI-driven security.[4] Growth has shifted from hardware to software subscriptions, with momentum in cybersecurity amid rising cyber threats, though stock prices remain volatile in single digits post its dramatic fall to iPhone and Android competition.[2]
BlackBerry's roots trace to 1984 in Waterloo, Ontario, when childhood friends Mike Lazaridis (a University of Waterloo engineering dropout) and Douglas Fregin (University of Windsor student) founded Research In Motion with seed funding from a $600,000 General Motors contract for barcode tech and family investments.[1][3][5][7] Lazaridis, inspired by wireless data dreams after missing a satellite TV call, started with modems, protocol converters, and the Emmy-winning DigiSync Film KeyKode Reader for Hollywood in 1988.[3][5]
Jim Balsillie joined in 1992 as co-CEO with a $125,000 investment, bringing business acumen to Lazaridis's engineering focus.[3][5] Pivotal traction came with the 1996 Inter@ctive Pager 900 (first two-way pager), 1999 BlackBerry 850 (wireless email on Mobitex), and 2002 BlackBerry 5810 (first smartphone with voice).[1][3][4] RIM went public on TSX in 1997 and Nasdaq in 1999, hitting 1 million subscribers by 2004 and 4 million by 2005, with Lazaridis and Balsillie named Time's most influential.[3] Renamed BlackBerry in 2013 amid struggles.[6]
BlackBerry stands out through its evolution from hardware innovator to enterprise software leader:
BlackBerry rode the mobile productivity wave of the 2000s, enabling anytime-anywhere email that freed executives from desks and defined the pre-app-store smartphone era, influencing secure mobile standards for governments and finance.[1][2][5] Timing was perfect amid wireless data boom (Mobitex/DataTAC networks), but it faltered against 2007 iPhone's touch/app revolution and Android's openness, losing monopoly as consumers prioritized multimedia over enterprise security.[1][2][3]
Today, it influences cybersecurity and IoT trends, capitalizing on rising threats (e.g., ransomware) and connected vehicle boom (autonomous driving, EVs), where QNX provides deterministic real-time OS amid chip shortages and supply chain shifts.[4] Market forces like regulatory demands for data sovereignty and zero-trust architectures favor its Canadian-rooted, patent-rich secure stack, positioning it as an enabler in edge computing ecosystems rather than a consumer disruptor.[6]
BlackBerry's pivot to high-margin software positions it for steady growth in cybersecurity (Cylance) and automotive IoT (QNX), with trends like AI-driven threats, 5G/6G connectivity, and software-defined vehicles accelerating demand.[4][6] Next steps likely include acquisitions in AI security, partnerships with hyperscalers, and QNX expansion into aviation/medtech, potentially doubling recurring revenue if execution matches its engineering legacy.
As enterprise security budgets swell amid geopolitical tensions, BlackBerry could reclaim influence as the secure backbone for critical infrastructure—echoing its "CrackBerry" heyday but in a B2B world where reliability trumps flash. Watch for stock catalysts in QNX licensing wins and Cylance adoption.[2][6]
Key people at Blackberry.
