IoT News Roundup

Actility raises $75 million of new capital to accelerate Industrial IoT solutions; Nedap, Huawei sign agreement to develop smart parking-management system; Companies lagging in Industrial IoT readiness, research indicates; Webinars to help attendees understand value of the Internet of Things; Kerlink provides IoT Challenge winners with indoor base stations; DroneDeploy announces drone-mapping system for agriculture.
By IOT Journal
Apr 21, 2017

PRESS RELEASE:

Actility Raises $75 Million in New Capital to Accelerate Industrial IoT Solutions

Actility, the industry leader in Low Power Wide Area Networks (LPWAN) for the internet of Things (IoT), today announced that it has successfully completed its Series D funding round, raising $75M to enhance its portfolio of IoT solutions. The company's expansion will focus on enabling industrial IoT solutions in key verticals: logistics and supply chain; smart buildings; and energy & utilities. In the first closing, Creadev, Bosch and Inmarsat are among the new investors, alongside existing investors such as Idinvest, Bpifrance, Ginko Ventures, KPN, Orange Digital Ventures, Swisscom and Foxconn. A second closing later this month will see additional strategic investors joining the company in support of this over-subscribed capital raise, which was achieved by the company without involving banks.

Since the 2015 Series C financing, Actility has become the clear leader in global IoT solutions based on LoRaWAN, a dedicated radio network protocol for the IoT, co-invented by Actility. Today, the ThingPark platform is powering most national and large-scale LPWA rollouts worldwide. ThingPark has grown increasingly more industrial, supporting LoRaWAN, LTE-M and NB-IoT, becoming the most powerful IoT service orchestration platform available today.

In addition, thanks to a cohesive software stack comprising the ThingPark OS service and business support manager, ThingPark X application integration enabler, and the ThingPark Market ecosystem-wide e-commerce platform, Actility stands alone as the sole turn-key IoT ecosystem enablement platform supporting sensor to cloud application solution on-ramping and monetisation through the entire life cycle of automated connected object management and monetisation. At the same time, the company has seen demand for IoT solutions growing rapidly around the world. The emergence of China as a vital market for IoT and rich source of ecosystem partners will accelerate the rapid adoption of LPWA technology globally.

"This fundraising will enable us to grow our IoT technology and ecosystem platform faster to meet the needs of service providers, solution providers and enterprises in large industry verticals, for example rolling out our disruptive global location and tracking service more quickly," explains Actility CEO Mike Mulica. "It will also allow us to accelerate our strategy for the US, and build strength in China. And last but by no means least, it will enable us to look at strategic acquisitions to broaden our technology portfolio and cement our leadership in LPWA."

Florent Thomann, a member of Creadev's management board, and in charge of new digital models, says: "We have been looking for the best project in the business of connectivity for the IoT for a while. In Actility, we found a company that offers an ideal solution and has made the perfect technology choices in LPWA and LTE-M to meet that growing connectivity market. We are convinced by both the company and its management, which shows a real visionary insight into the technology and business models and the way that connectivity will evolve. Furthermore, Actility's team is proving to be particularly agile at innovation, adapting to new technologies very efficiently. We are pleased to bring our culture of ambition, support and sharing best business practice to help nurture Actility's long-term growth."

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