myDevices, a Los Angeles, CA-based Internet of Things (IoT) solutions company, raised a Series A funding of approximately $3m.
Semtech Corporation (Nasdaq: SMTC), a supplier of analog and mixed-signal semiconductors, made the investment.
The company intends to use the funds to advance the functionality of its Cayenne™ platform. Semtech and myDevices will collaborate to accelerate the prototyping and commercialization of smart IoT applications by providing a platform to developers and organizations that connect sensors enabled by Semtech’s LoRa technology to private and public low power, wide area networks (LPWANs).
Led by Kevin Bromber, CEO, myDevices provides Cayenne, a drag-and-drop IoT Project Builder, which enables customers to bring their IoT projects from prototype to mass production. Its connectivity and device-agnostic technology empowers engineers and enterprise partners to develop and deploy IoT solutions into their existing infrastructure and business.
The company also hosts an online community of IoT developers where users collaborate and share information.
FinSMEs
08/01/2017