Actility, a Paris, France-based provider of network solutions and managed information systems for the Internet of Things (IoT) market, secured $25m in funding.
The round was led by Ginko Ventures with participation from KPN, Orange, Swisscom and Foxconn, and existing investors Fonds Ecotechnologies managed by Bpifrance Investissement, Idinvest Partners, and Truffle Capital.
The company intends to use the funds to accelerate its go-to-market strategy for ThingPark, funding its operational resources, building a high level of service and continuing to develop technology partnerships.
Led by Olivier Hersent, Founder, CEO and CTO, Actility provides ThingPark, an integrated platform designed to enable IoT services for any market sector, offering connectivity plus a full set of applications. It includes:
– ThingPark Wireless LoRa service, which supports both monitoring and remote management of connected devices and Gateways (Base Station and Pico Cell), providing long-range coverage for low-power sensors used in SmartCity, SmartBuilding and SmartFactory applications.
– ThingPark Cloud, a cloud-based platform with a RESTful API for Apps.
– ThingPark Store, an IoT Marketplace.
Headquartered in Paris, the company has offices in Belgium, the UK and Singapore.