Geneva, 17 March 2016: Actility, the industry leader in Low Power Wide Area Networks (LPWAN), has been listed in the Tech Tour Growth 50 to shine a light on the next generation of Europe’s fastest growth tech businesses, as announced today at the annual Tech Tour Forum in Geneva.
Over the past few months, Tech Tour, a platform that facilitates high-tech growth companies to develop strategic relations with investors, together with Silverpeak Investment Bank and in conjunction with a selection committee of international investors (many of which are Members of the International Venture Club) have researched and evaluated over 175 European private tech companies at a sub one billion US dollar valuation.
The selection committee, chaired by Jean-Michel Deligny, Silverpeak, was composed of international venture capital firms, advisers and experts including: Bank of America Merrill Lynch, Accel Partners, Highland Capital Partners Europe, Amadeus Capital Partners, DN Capital and The World Economic Forum.
“We are proud to be a part of this listing, which underlines the significance and fast growing character of the IoT market and more specifically Low Power Wide Area (LPWA) solutions”, explains Olivier Hersent, CEO & CTO at Actility. “Using the LoRa technology, we currently deploy IoT networks in four European countries and run several trials in Asia and the Americas, allowing for smart cities and smart countries to be rapidly built.”
William Stevens, Managing Director, Tech Tour, commented “The billion dollar “unicorn” successes that grab our attention are just the tip of the iceberg. The Tech Tour Growth 50 puts the next layer of Europe’s high-tech, high-growth businesses in the limelight. The Tech Tour Growth 50 Companies have created over 8,000 high-tech jobs, attracted over $3.5 billion of investment and have an estimated combined valuation of $14.2 billion. This is a clear demonstration of Europe’s strength, potential and competitiveness in scaling-up tech businesses.”
Two main decision making factors used by Tech Tour Growth 50 relate directly to the companies’ stellar growth rate, taking financing size and speed as a proxy for growth. From a median foundation date of 2008, companies took, on average just 1 year and ten months to achieve their first funding round at an average amount of $7.5 million, and hit their most recent funding round (average of 4 funding rounds in total) in 4 years 2 months after the first funding round at an average of $38.5 million.
In June 2015, Actility has secured a $25 million funding round, an investment that allowed the company to accelerate its go-to-market strategy for ThingPark, its open standard IoT network solution, and to build a high level of service and a healthy ecosystem.
Actility leverages a fully integrated platform for nationwide IoT, Actility’s ThingPark™, designed to enable IoT services for any market sector, offering ready-to-go IoT connectivity plus a full set of ready to sell applications in less than one month. It is a Low Power Wide Area (LPWA) radio network built on the LoRaWAN™ standard, developed and supported by the LoRa™ Alliance. LoRaWAN networks address the three critical elements required for IoT networks connecting billions of devices: low power, long range, and low cost. ThingPark represents the first end-to-end, LoRaWAN interoperable platform to serve the IoT market for every use case.
Actility is an industry leader in LPWA (Low Power Wide Area) IoT infrastructure and Smart Grid applications. Actility ThingPark™ is a complete IoT solution, combining LPWA networking, an IoT data management platform, and an extensive ecosystem of fully interoperable devices and applications.ThingPark is a carrier-grade IoT platform which enables service providers to accelerate their IoT strategy and go-to-market. ThingPark Wireless delivers long-range networks for low-power sensors and devices used in multiple industries, smart-cities, agriculture, and connected living. ThingPark Cloud provides IoT protocol and data management services that enable web applications to connect seamlessly with data from a vast range of different sensors. ThingPark Store & Marketplace is at the heart of an ecosystem of certified IoT devices and application partners, and fully automates the creation and activation of end-to-end IoT offers across multiple sales channels. Actility is a founding member of the LoRa Alliance.
Anne van Gemert
Learn more about the LoRaWAN technology by downloading the Actility “What is LoRaWAN” white paper