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Actility Raises $75M in Funding for Industrial IoT Platform

Clock 6 months ago
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Actility Raises $75M in Funding for Industrial IoT Platform Image Credit: Actility

Actility, a leader in global IoT solutions based on LoRaWAN, said that it has successfully completed its Series D funding round, raising $75M to enhance its portfolio of IoT solutions. 

The company said that it will focus on enabling industrial IoT solutions in key verticals: logistics and supply chain; smart buildings; and energy & utilities. Today, its ThingPark platform is powering most national and large-scale LPWA rollouts worldwide, and has grown increasingly more industrial, supporting LoRaWAN, LTE-M and NB-IoT, becoming the most powerful IoT service orchestration platform available today, claims the company.

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.

Mike Mulica, CEO, Actility
This fundraising 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.

Herman Kienhuis, MD KPN Ventures 
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.

Ray is a news editor at The Fast Mode, bringing with him more than 10 years of experience in the wireless industry.

Ray can be reached at ray.sharma(at)thefastmode.com.

 

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