Ayla Networks Raises $20M in Growth Equity Financing

Ayla Networks

Ayla Networks, a Milpitas, Calif.-based leader in enterprise Internet of Things (IoT) platforms that accelerate digital transformation for consumer brands and Internet service providers (ISPs), raised $20m in financing.

The round was led by Arrowroot Capital with participation from existing investors Trinity Power Limited, Voyager Capital and SJF Ventures.

The company intends to use the funds to further its strategic positioning in key IoT markets through incremental sales and marketing, product innovation, and geographic expansion.

Led by Jonathan Cobb, CEO, Ayla Networks enables consumer brand manufacturers (OEMs) and Internet service providers (ISPs) to improve its business outcomes through IoT solutions. The software platform includes device, cloud, application, analytics & machine learning capabilities to drive the development and launch of differentiated connected products and services.

Ayla Networks powers many consumer brands’ IoT initiatives including SharkNinja, Owlet, Canadian Tire, Kenmore, Hunter Fan, Fujitsu, Schneider Electric, and is deployed in some of the world’s largest Internet Service Providers.