Phunware, Inc.

Phunware, Inc. is a technology company specializing in mobile application software and services, and mobile-app advertising. Founded in 2009, Phunware is a Delaware corporation headquartered in Austin, Texas. The company provides a cloud-based platform that offers solutions for companies to engage, manage, and monetize their mobile application portfolios and audiences. Phunware assists brands in defining, creating, launching, promoting, and monetizing their mobile application identities to enhance consumer journeys and brand interactions. The company's platform enables the sale, licensing, and creation of mobile experiences for customers and their application users globally. Phunware's offerings are delivered through mobile applications, software development kits (SDKs), cloud-based services, and related tools. While mobile applications serve as an interface, much of the functionality is provided via modular SDKs and software licenses supporting analytics, content management, messaging, location-based services, and emerging AI-enabled capabilities. Phunware's product and service offerings primarily include cloud-based recurring software license subscriptions, most of which are multi-year, along with application development and support services. These offerings are sold through an internal sales team and various sales partners, including value-added resellers and systems integrators. The company also provides in-application advertising services, charging advertisers to deliver ads to users of mobile connected devices. Fees from advertisers are typically based on the number of ads delivered, views, clicks, or actions by users on mobile advertisements, with revenue recognized when the user interacts with the ad. Ads are generally sold on a cost per thousand impressions basis, where advertisers are charged for each ad delivered to 1,000 consumers.