Actility, a Paris, France-based company which specializes in low-power industrial IoT connectivity solutions, raised $17.3M in funding.
This latest fundraise followed the company’s €70M raise in 2017 with telecom operators (Orange, KPN, Inmarsat, Foxconn, Swisscom), Venture Capital (BPI, BNP Paribas, Ginko Ventures, Indinvest), and industrial players (Bosch, Cisco, Mulliez Creadev).
The company intends to use the funds to accelerate the development and deployment of its industrial IoT solutions, increase its R&D team, develop new roaming solutions, and make key acquisitions to charge its growth.
Led by Olivier Hersent, founder and CEO, Actility specializes in low-power wide-area networks (LPWAN) industrial-grade connectivity solutions for the Internet of Things. It provides its ThingPark™ platform and network technology to deploy, operate and maintain public and private wireless IoT networks within a unified, scalable and versatile network infrastructure. The majority of nationwide LoRaWAN® network service providers (nearly 60) and enterprises use ThingPark™. The platform integrates across diverse sectors, enabling smart city innovations in energy, water, and waste management, enhancing industrial efficiency with equipment and fleet tracking, and advancing smart agriculture practices, worker safety, as well as healthcare through patient monitoring and elderly care.
Through its subsidiary Abeeway, Actility also provides patented ultra-low power tracking solutions. ThingPark Market offers a selection of interoperable IoT gateways, devices and applications to simplify and accelerate deployment of numerous use cases.
Actility, a Paris, France-based company which specializes in low-power industrial IoT connectivity solutions, raised $17.3M in funding. Best wishes to everyone in the group. This will be a huge accomplishment for them in the future.
Shishir Gupta, The Founder & CEO of StartupLanes
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