Pelion, a Glasgow, Scotland, UK-based Internet of Things (IoT) connectivity business, received an Equity funding from Scottish Equity Partners (SEP).
The amount of the deal was not disclosed.
The company intends to use the funds to grow independently, and invest further in product development, sales and customer support.
Led by CEO David Weidner, Pelion has developed a global connectivity management platform enabling enterprise customers to connect end devices to applications through cellular connectivity. Its 500 customers span a wide range of sectors, including industrials, utilities, transport and logistics, and healthcare. Use cases supported by the platform include infrastructure monitoring, connected industrial equipment, vehicle telematics, remote building access and patient monitoring.
With presence in the UK and North America, Pelion is a partner to over 500 enterprise clients.
FinSMEs
21/10/2022