Actility, a Paris, France-based provider of Low Power Wide Area Networks (LPWAN) for the internet of Things (IoT), completed its Series D funding round raising $75M.
In the first closing, Creadev, Bosch and Inmarsat are among the new investors, alongside existing investors such as Idinvest, Bpifrance, Ginko Ventures, KPN, Orange Digital Ventures, Swisscom and Foxconn. A second closing later this month will see additional strategic investors joining the company in support of this raise.
The company intends to use the funds to enhance its portfolio of IoT solutions in such verticals as logistics and supply chain; smart buildings; and energy & utilities.
Led by CEO Mike Mulica, Actility provides global IoT solutions based on LoRaWAN, a dedicated radio network protocol for the IoT. Today, the company’s ThingPark IoT service orchestration platform is powering most national and large-scale LPWA rollouts worldwide. In addition, its software stack comprising the ThingPark OS service and business support manager, ThingPark X application integration enabler, and the ThingPark Market ecosystem-wide e-commerce platform, Actility offers an IoT ecosystem enablement platform supporting sensor to cloud application solution through the entire life cycle of automated connected object management and monetization.
FinSMEs
12/04/2017