Actility energised by $75m funding round to accelerate industrial IoT solutions globally

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The Actility Newsroom

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.

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 funding 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 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.”

Paul Gudonis, President, Inmarsat Enterprise, commented: “Inmarsat sees a great deal of potential in Actility, and its expertise in global IoT networks, based on LoRaWAN, makes it a natural fit for our investment. There are clear synergies between us, namely the ability to deliver innovative connectivity services to customers in remote locations, creating the potential for a global IoT network. To this end, we recently developed our LoRaWAN-based network in partnership with Actility to enable IoT to reach every corner of the globe. We have many more projects planned with Actility and we are excited to support the company’s rapid growth as it continues to make great strides in the IoT arena. This market is rapidly maturing and Actility, with its growing ecosystem of partners, is ideally positioned to take advantage of this for the benefit of businesses across a variety of industries.”

Cyril Vancura, Investment Principal at Bosch, explains the company’s investment: “Actility is the clear leader in the emerging LoRaWAN ecosystem for IoT applications and has exhibited impressive growth in the past. We are excited to support the company on the next phase of this journey.” Bosch Managing Partner Ingo Ramesohl adds, “IoT is a strategically important field to Bosch. Our company already has a wide offering in fields such as connected manufacturing, mobility, connected energy, smart building, and connected buildings. As such, we think that there will be substantial collaboration opportunities between Actility and Bosch in the future.”

Anne-Sophie Carrese, Investment Director at Bpifrance, comments, “We congratulate Actility on the considerable distance they have covered since their creation in 2010. The company has gone through major changes ever since and has established a solid international commercial portfolio to build on in the coming months and years. We are proud to being able to provide our financial support and our knowledge to Actility, which entirely fits with our funding strategy and philosophy. The Ecotechnologies fund of Bpifrance, who initiated their engagement with Actility in 2012, has the ambition to continue helping to transform the company from a start-up into the worldwide leader of IoT.”

“We believe that Actility continues to be a world leader in networking for the internet of things,” says Matthieu Baret, partner at Idinvest Partners, ”and we’re excited to be able to support the company’s global growth. We’re also very pleased to see that Actility is maintaining that tradition of technology leadership, both in adopting other 3GPP network technologies such as LTE-M and NB-IoT, and developing business solution enablers like roaming and location and tracking. We believe the company is well-placed to be at the forefront of the internet of things revolution for the enterprise.”

Pierre Louette, Deputy CEO of Orange and President of Orange Digital Ventures comments: “We are happy to be strengthening our support for Actility through this new fundraising round, which clearly demonstrates the ability of corporate venturing to help scale-up innovative new companies. Orange Digital Ventures was an early believer in Actility’s management team and in the potential of LoRaWAN technology; this confidence has now been confirmed as the company continues to expand internationally. Today, Orange is one of Actility’s main customers in France and we hope to extend this partnership in other countries across our footprint in Europe and Africa. We are convinced that a growing number of industries will imagine powerful industrial use-cases that are made possible through Actility’s market-leading platform. Orange will continue to lend its support in bringing such IoT solutions to its enterprise customers. We are not at dawn of the next industrial revolution — we are already in it!”

“Since our last investment, in July 2015, Actility has made tremendous progress,” observes Ginko Ventures’ Managing Partner Dominique Pitteloud, “both in terms of global deployment with many of the largest IoT networks, and has extended its product portfolio to become a general purpose IoT platform which is radio-agnostic and supports vital capabilities such as location and roaming. We are proud to be able to continue to support the company’s further development and growth.”

“We’re excited to be an investor as well as one of Actility’s first customers with a nation-wide deployment of LPWAN “explains Stefan Kuentz, Investment Director Swisscom Ventures. “The management team has a compelling vision with a proven ability to execute globally within a short time span. We are looking forward to supporting the company into its next growth stage.”

Herman Kienhuis, Managing Director KPN Ventures, adds “Actility is the clear industry leader in LPWAN networking technology to connect devices to the internet. Through powerful partnerships, Actility is building a truly global IOT network. KPN has been working together closely with Actility in rolling out KPN’s nationwide internet of things network in The Netherlands. We see that the market for connected devices is developing rapidly and a wide range of valuable use cases is emerging, from gathering data for energy and waste management to equipment tracking, and from dike monitoring to parking sensors. KPN Ventures is happy to support Actility in its further growth as part of the strong investor syndicate as well.”

Actility announces new investors in $75 Million Series D Funding round: Cisco Investments joins as investor

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The Actility Newsroom

Actility announces new investors in $75 Million Series D Funding round:
Cisco Investments joins as investor

Actility, the industry leader in Low Power Wide Area Networks (LPWAN) for Internet of Things (IoT), announced today at the LoRa Alliance™ All Members’ Meeting that Cisco Investments has taken a stake in the company’s $75 million Series D funding round, joining BNP Paribas and alongside existing investors including Creadev, Orange, Inmarsat and Robert Bosch Venture Capital. The funding will enable Actility to roll out industrial IoT solutions with its partners for key verticals such as logistics and supply chain, smart buildings and energy and utilities; to accelerate its global growth; and to make strategic investments to enhance its technology portfolio.

Since 2010, Actility has been pioneering the fundamental technology that led to the operating framework of LoRaWAN™ and was a founding member at the launch of the LoRa Alliance in 2015. Today, Actility is the driving force behind a full suite of LPWA IoT software that serves the world’s largest service providers, solution providers and enterprises in capturing the full benefit of IoT’s explosive growth potential.

“Cisco’s strategic investment in Actility further enhances the collaboration of two complementary IoT solution providers with big plans for the connected world,” comments Mike Mulica, CEO of Actility.

“Cisco is focused on enabling the rapid proliferation of IoT through LPWA technologies, including LoRaWAN gateways and geolocation services,” said Amit Chaturvedy, Head of IoT Investments and Acquisitions at Cisco. “We invest in companies that share our passion for helping customers and are leaders in their technologies. Actility is dedicated to a great customer experience through the LPWA IoT on-boarding, operating and monetisation experience. We are pleased that Actility intends to use the proceeds of this investment round to scale their business faster and more reliably all around the world.”

Internet of Things specialist Actility announces $25 million funding round led by Ginko Ventures, KPN, Orange, Swisscom and Foxconn

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The Actility Newsroom

Internet of Things specialist Actility announces $25 million funding round led by Ginko Ventures, KPN, Orange, Swisscom and Foxconn

Investment from leading telcos and Foxconn investment fund offers powerful endorsement of Actility’s unique approach to IoT enablement

Paris, France, 16 June 2015: Actility, a leading provider of network solutions and managed information systems for the Internet of Things (IoT) market, today announced it has secured a $25 million funding round led by Ginko Ventures. Ginko Ventures leads a prestigious group of investors including tier-one telcos KPN, Orange, Swisscom and Foxconn, along with the existing investors Fonds Ecotechnologies managed by Bpifrance Investissement, Idinvest Partners, and Truffle Capital.

The investment will allow Actility to accelerate its go-to-market strategy for ThingPark, its open standard IoT network solution; funding its operational resources, building a high level of service and continuing to develop technology partnerships to foster a healthy ecosystem. It follows a recently concluded technology partnership between Actility and Swisscom.

A fully integrated platform for nationwide IoT, Actility’s ThingPark™ is 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.

“Today’s wireless technologies are not optimized for IoT applications which require sensors to be low power and able to run on a battery with very little maintenance. ThingPark provides the technology to connect both long range and low power sensors over unlicensed ISM band spectrum, allowing low cost and fast roll-out of IoT networks for a wide range of IoT applications,” said Olivier Hersent, Founder, CEO and CTO, Actility. “We are delighted to have secured the backing of such prominent communications industry leaders.”

“With more than 50 Billion devices to be connected by 2020, Cisco believes that new scalable IoT infrastructure and services will become key evolution at every scale, for Telcos, cities and corporate campuses,” said Tony Shakib, Vice-President IoE (Internet of Everything) Vertical Solutions at Cisco.
He added:“We backed LoRaWAN as an open technology for IoT and are excited to see today such industry momentum behind Actility, whom we see as a critical partner to make pervasive IoT infrastructure and services.”

“After the rise of personal connected objects such as consumer wearable devices, we are now witnessing the emergence of a second wave: managed connected objects,” said Hersent. “Managed connected objects are creating a more efficient, more sustainable world. With a ubiquitous and cost-effective IoT network in place, utilities for instance will be able to accelerate their smart-metering plans, to optimize the filling of fuel tanks, to increase the use of renewable energy by dynamically controlling thermostats. We have the technology to achieve a paradigm shift in remote monitoring and management – think of instant fire or leak detection, or prevention of loss of valuable equipment using smart tracking. Ubiquitous IoT will have a huge impact in agriculture and other key sectors of the economy. ThingPark is available now, allowing Telecom operators or municipalities to deploy an IoT network in a month.”

Foxconn Group is transforming to be a High Technology Solution Provider, including Hardware and Software Value creation. Through this strategic investment, we will expand our current collaboration with Actility to bring its LoRaWAN technology and IoT Platform and Solutions to Taiwan, China, and the rest of Asia,’ said Fang Ming Lu, Executive Vice President of Foxconn. “We will leverage our strong network to accelerate the development of the IoT ecosystem, as well as promote and integrate Actility’s IoT Solutions for Smart Cities implementation in APAC.’

Jasper Snijder, SVP New Business at KPN, said:“As a founding member of the LoRa alliance, we’re proud to partner with Actility and contribute to the development of the Internet-of-Things – the next big thing in the digital landscape.”

Pierre Louette, Orange’s Deputy CEO who is also responsible for Orange Digital Ventures said: “Actility’s connected objects platform is based on bringing together its open service approach with the power of networks. This clearly corresponds to the ambition of Orange Digital Ventures to invest in actors that are developing innovative digital services that contribute to change our customers experience and answer the changing desires and needs of our customers. The Internet of Things is an extremely promising new market and it is important for Orange to support the start-ups and developers who are currently working on services that will become part of our future.”

Jean-Paul de Weck, CEO Swisscom Broadcast: “This is a technology that comes at the right time for operators to accelerate the connection of objects. There is set to be a huge increase in the demand for IoT and we see Actility as a key partner as we expand our activities in this market.”

“Actility’s innovative platform combined with operators’ ability to deliver long term network services nationwide are key to the adoption of IoT applications such as utility metering, street lighting, asset tracking or home security that need resilient and cost effective infrastructure in place for many years,” saidDominique Pitteloud, Managing Partner at Ginko Ventures. “Key to the structuring of the investment round was to bring together a set of strategic investors to collaborate on building the infrastructure for the successful deployment of these new services.”