floLIVE, a London, UK-based provider of cloud-native global Connectivity Management Solutions for the Internet of Things (IoT), raised $21.5m in financing.
The round was led by 83North, with participation from Dell Technologies Capital, Saban Ventures and Qualcomm Ventures.
The company intends to use the funds to increase its presence in Europe, Asia and North America as well as accelerate its market awareness programs.
Led by newly appointed CEO Nir Shalom, floLIVE provides global, secure, cloud-native connectivity solutions to enterprises, mobile operators and cloud providers. Its platform comprises local core networks that provide local connectivity while being centrally managed and controlled over the cloud.
Prior to joining the company, Shalom served as General Manager of AT&T Israel and Vice President of Network Application Development of AT&T. He had previously led the EMEA operations for Interwise – a global provider of Voice, Video and Web Conferencing solutions over IP.