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IoT Connectivity Provider SIGFOX Secures $115 Million Round of Funding

IoT Connectivity Provider SIGFOX Secures $115 Million Round of Funding Image Credit: SIGFOX

SIGFOX, the Low-Power Wide-Area (LPWA)  Internet of Things connectivity provider, has announced it has secured a record $115 million round of financing from strategic and financial investors in Europe, the U.S. and Asia. The company plans to use this new equity round to accelerate its worldwide network roll-out in Europe, Asia and the Americas with the support of international telecom operators such as Telefonica, SK Telecom and NTT DOCOMO Ventures,  and other partners.

Besides the value and the operational know-how brought by its new telecom partners, SIGFOX said that it will also benefit from the help and experience of leading global industrial players to enable large-scale deployments of connected devices and sensors. 

Anne Lauvergeon, SIGFOX’s chairman
This record $115 million round is a significant step in the development of our network’s coverage all around the world. The trust of our investors and the dynamism of SIGFOX’s team allow us to strengthen our position as the world leader in IoT communications.

Jean-Hubert Lenotte, director of strategy at Eutelsat
Eutelsat’s investment in SIGFOX signals our conviction that satellites can accelerate the development of the IoT market, both in terms of reach and reliability. Eutelsat is constantly looking at innovative developments that push back the boundaries of our markets, add value for our customers and anchor satellites in an increasingly connected economy. SIGFOX has assembled a unique and compelling solution for the IoT market. We look forward to contributing to their growth and participating in their experience and entrepreneurial development.

Author

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

For tips and feedback, email Ray at ray.sharma(at)thefastmode.com, or reach him on LinkedIn @raysharma10, Facebook @1RaySharma

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