Flo Live Limited, a London, UK-based provider of end-to-end solutions that secure the integrity of IoT networks, raised USD 4.2m in a Series A funding round.
The round was led by Arie Capital and Golden Sunflower Capital.
The company intends to use the funds to continue to grow its development, sales and after-sales teams, and to build identified IoT verticals, as well as to enhance their cloud offer to MNOs and OEMs for eUICC-compliant eSIM integration and subscription management.
Led by Percy Grundy, Flo Live works with MNOs, MVNOs, OEMs and chipset manufacturers to provide end-to-end IoT solutions and to operate core networks in the cloud optimized for IoT. The current offering includes device management, applications and analytics.
The compant is present in London, Paris, Limassol, Hyderabad and Tel Aviv and is setting up a US office in California.