Telensa, a Cambridge, UK-based provider of smart city solutions incorporating low power wide area (LPWA) wireless technology, raised $18M in funding.
The round included equity funding from Environmental Technologies Fund and debt funding from Silicon Valley Bank.
The company intends to use the funds to expand in the smart cities market.
Led by Will Gibson, CEO, Telensa makes wireless smart city control applications, including smart streetlight solution, with over 50 city and regional networks deployed in 8 countries and a project presence covering over 1 million streetlights.
Telensa’s apps are based on its LPWA Ultra Narrow Band (UNB) radio system, which combines low-cost, long range, long battery life and 2-way communication for massive numbers of devices.
The company’s smart parking solution, for example, already includes some of the world’s largest deployments such as Moscow and Shenzhen.
Together with industry leaders including Cisco, Accenture and BT, Telensa is a founding member of the Wireless Internet of Things Forum (WIoTF).