April 12, 2017
Actility energised by $75m funding round to accelerate industrial IoT solutions globally
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.