Verizon, Cisco, Orange Behind IoT Startup Veniam's $22 Million Series B Funding

Verizon, Cisco, Orange Behind IoT Startup Veniam's $22 Million Series B Funding Image Credit: Verizon

Internet-of-Things(IoT) startup Veniam announced a $22 million Series B round led by Verizon Ventures with new investors Cisco Investments, Orange Digital Ventures, and Yamaha Motor Ventures. 

Veniam provides mesh network for automobiles to address the growing challenges of rapid urbanization by deploying a new kind of wireless Internet infrastructure that alleviates the digital divide, generates valuable data and improves city life. 

The funding will enable Veniam to expand its full-stack platform and deliver managed services over networks of connected vehicles to be deployed in urban fleets, ports, airports, factories and other transportation ecosystems across cities around the world including New York, Singapore, Barcelona, and London. 

Ed Ruth, Manager at Verizon Ventures
Citywide mesh networks of connected vehicles and other moving things are a radically new concept andwe are excited to support Veniam in enabling the smart cities of the future. 

João Barros, Founder and CEO of Veniam
The convergence of urban mobility systems, IoT wireless technologies, geo-referenced data, and soon theautonomous vehicle, is completely disrupting the way we transport people and goods. Veniam is proud to lead this convergence by expanding wireless coverage and data services for people, vehicles and moving things, thereby generating new applications, revenue streams and business models for telecom operators and the Industry 4.0.

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

PREVIOUS POST

BT, DT, Reliance Jio, Orange & TIM Among Nine Operators Form Partnering Operator Alliance

NEXT POST

Mobile Apps Acceleration Startup Neumob Expands to Southeast Asia

THE EDITOR'S DESK

UPCOMING EVENTS

Artelligence 2019

Network Virtualization and SDN Asia

Network Virtualization & SDN Americas

Mobile 360 Digital Societies 2019

TADSummit 2019

MWC Los Angeles 2019

The Digitrans Forum 2019

Mobile 360 Eurasia 2019

ON TWITTER

ON FACEBOOK