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IoT Startup Connecthings Raises $10.6M to Expand Beacon Network in the US

14 September 2015
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IoT Startup Connecthings Raises $10.6M to Expand Beacon Network in the US Image Credit: Connecthings

Internet-of-Things (IoT) startup that provides contactles solutions for mobile, Connecthings has secured $10.6 million in a new round of funding from Xerys Funds and from its existing first round investor, for its expansion in the United States. Based in Paris, Connecthings provides cloud-based beacon management platform – iBeacon (Bluetooth Low Energy), NFC tags, QR codes and WiFi – to connect the physical and digital goods by orchestrating the interactions between urban objects and any smartphone or wearable devices.

Connecthings is primarily used for smartcities to enable dissemination of information to citizens and tourists on mobility, public services and tourism. The company has already teamed up with twenty cities in five countries in Europe and America South to use its tags, including Madrid, Barcelona, ​​Bordeaux, Nice and Rio de Janeiro. 

Laetitia Gazel Anthoine, President of Connecthings
This new fundraising of 10.6 million Dollars is a key step in our development that will strengthen our position as industry leader by penetrating the North American market. With the confidence of our investors and the dynamism of our teams, we will continue to build the global network of the Internet of Public Things in the Smart Cities.

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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