Actility has successfully completed its Series D funding round, raising $75M to enhance its portfolio of IoT solutions. The company’s expansion will focus on enterprise solutions in key industry 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 KPN Ventures, Orange, Swisscom, Ginko Partners, IDinvest and BPI France. There is a second closing later this month, in which additional strategic investors will join the company in support of this over-subscribed capital raise.
“This fundraising will enable us to grow our IoT technology and ecosystem platform faster to meet the needs of enterprise customers 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.”
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 is the industry leader in LPWA (Low Power Wide Area) large-scale infrastructure and the innovator behind the ThingPark IoT Solution platform. Actility’s ThingPark enables scalable LPWA networks and interoperable IoT applications and services. ThingPark Wireless is a core network management and supervision solution for LPWA connectivity designed from the beginning for carrier-grade solutions, and already deployed in over half the national LPWA network rollouts globally. ThingPark OS is a central IoT management service to connect sensors to applications with bidirectional interaction. ThingPark X is a data analytics and control framework which exposes data from connected things to applications and connects with cloud platforms, and also offers off the shelf IoT industrial applications. ThingPark Market is a B2B ecommerce platform for buyers and sellers, aggregating, distributing and connecting IoT devices and applications to the ThingPark platform. Actility is a founding member of the LoRa Alliance.