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.