floLIVE, a London, UK-based provider of global connectivity, network and connectivity management platforms for IoT, raised $47M in Series C funding.
The round was led by Greenfield Partners and existing investor 83North, with participation from Qualcomm Ventures, Dell Technologies Capital, Saban Ventures, and Hazelnut Partners.
The company intends to use the funds to increase its presence by partnering with additional MNOs, expand its multi-IMSI over eSIM technology, launch an integrated satellite connectivity offering and introduce solutions to the market such as advanced location-based applications, network-based cybersecurity services, secure data routing and more.
Led by CEO Nir Shalom, floLIVE operates a hyperlocal global network that spans across all continents and offers localized connectivity in a streamlined manner. This globally distributed and API-driven cellular data network serves as the underlying infrastructure for enterprises, OEMs, IoT Service Providers and MNOs – all who benefit from a modern carrier-grade, secure platform that allows them to build a profitable IoT business while introducing new revenue sources and value-added services. operates a hyperlocal global cellular data network, based on local POPs in locations worldwide. The network has been designed to comply with the emergence of privacy acts, data regulations and roaming restrictions.