Thingstream, a Zurich, Switzerland-based provider of IoT Connectivity-as-a-Service, received an investment from Momenta Ventures.
The amount of the deal was not disclosed.
The company intends to use the funds to accelerate its go-to-market activity and get ready for a Series A funding round.
Led by Philipp Bolliger, CEO, Thingstream is a provider of Connectivity-as-a-Service for the Internet of Things (IoT) applications. The company offers connectivity solutions, supporting asset tracking, remote monitoring and related Industrial IoT use cases. Its solutions support low-power, secure connectivity with coverage across more than 190 countries.
The company supports connectivity through license spectrum cellular technologies today and are in the process of adding unlicensed LPWAN technologies including LoRaWAN to their offering.