CommSolid, a Dresden, Germany-based cellular IoT IP company, completed its first funding round of undisclosed amount.
Backers included High-Tech Gründerfonds and MBG Invest.
The company intends to use the funds for product development.
Founded in 2015 by Dr. Matthias Weiss and Lars Melzer, CommSolid provides edge ultra-low power solutions for the cellular IoT market, which demands highly optimized and easy to integrate communication solutions for the newly defined NarrowBand-IoT* standard, allowing every sensor and actuator to be directly connected to the Internet.
The NB-IoT technology, also known as Cat NB1, has been specifically defined by 3GPP for smart communication between devices. It provides the basis for complete new communication solutions in areas like health care, smart home, transport, logistic systems, or industrial applications.
FinSMEs
20/07/2016