Ayla Networks, the global leader in Internet of Things (IoT) platform-as-a-service (PaaS), has recently raised $60 million in Series D financing led by Run Liang Tai Fund and Sunsea Telecommunications.
Founded in 2010, Ayla provides enterprise software solutions and services to manufacturers and service providers worldwide. The company claims to have more than 100 enterprise customers.
The funding will be used to further expand Ayla’s product capabilities to help large enterprises extract IoT data and transform it into business intelligence, and to expand its ecosystem network of partners and application providers.
As part of the funding round, Ayla is partnering with Sunsea Telecommunications, a public company serving the Chinese telecommunications market, to much more aggressively build out its presence in the rapidly expanding Chinese IoT market.
Ayla and Sunsea IoT, a subsidiary of Sunsea Telecommunications are forming a joint venture, named Ayla Sunsea, that will sell and deliver Ayla’s offerings to customers with headquarters in China.