EMnify, the leading cloud-based platform for cellular connectivity in the modern Internet of Things (IoT) stack, has announced a $57 million Series B investment from London-based growth investor One Peak. To date, EMnify has raised $80 million (€70 million) in equity capital.
The Berlin-based company will use the new capital to accelerate its global market expansion, with a particular focus on the US, and to further develop and optimize its proprietary industry leading cellular IoT technology. Capitalizing on its growth momentum to date, the company plans to further expand its leadership team and double its headcount in 2022 by hiring the best global talent, with a focus on the technology and go-to-market functions in the DACH region and North America.
EMnify co-founders Martin Giess, Frank Stoecker, Alex Schebler (from left to right) in the EMnify Berlin office. EMnify equips thousands of customers with secure, reliable, and borderless cellular IoT connectivity for millions of connected devices. The company reported a 2016-21 CAGR of 190% for SIM growth and 77% for revenue growth.
The EMnify API and SIM technologies connect and secure any kind of IoT deployment to its application back-end. Its cloud-native integrations and no-code workflows ensure seamless lifecycle scalability for deployments of all sizes – from local start-up to global enterprise.
Far out-performing industry standards, the EMnify IoT Supernetwork is the single biggest independent IoT network of its kind. It supports local access (2G – 5G, LTE-M, NB-IoT) to over 600 radio network operators – 397 in direct partnerships – in almost 200 countries from more than 25 cloud regions, with plans to add an additional 10 cloud regions in 2022.
Frank Stoecker, CEO and co-founder of EMnify
In One Peak, we are not only gaining an investor, but a well-matched strategic partner with expertise in European founded SaaS scale-ups set for global growth. EMnify has come a long way in a short period of time and is perfectly positioned to use this capital and accelerate our market expansion and product development globally, with particular focus on the US market, where we already have 20 percent of our global customer base, representing over 30 percent of our revenues.
David Klein, Managing Partner at One Peak
The global cellular IoT market is approaching an inflection point as the need for location independent real-time data is greater than ever, while diminishing module sizes and deployment costs enable an abundance of use cases. EMnify is paving the way to meet the demand for global borderless connectivity to be available as a cloud native resource analogue to other existing components of a modern technology stack.
