Senet Completes $18M Series A Funding

senetSenet, a Hudson, NH-based IoT network services provider for low cost, long range IoT applications, completed $18m Series A Funding with an A-2 offering of $5m.

Fisk Ventures joined earlier investors Milestone Venture Partners, City Light Capital and Harbor Light Capital Partners.

The company intends to use the funds to continue the build-out of hardware and software necessary to support the Senet Network as a Service (NaaS), Low Power Wide Area Network (LPWAN) offering.

Senet operates an Internet of Things (IoT) / Machine-to-Machine (M2M) marketplace and is a public Network as a Service (NaaS) provider for a low cost / long range ISM network. Through its countrywide network, the company offers monitoring services for environmentally-conscious businesses to manage and measure the status of widely distributed assets businesses such as residential fuel oil and propane tank automation, water and gas metering, commercial lubrications distribution, solar irradiance, etc.



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