Menu

EDGE FEATURE NEWS

SIGFOX Raises $115 Million

By Paula Bernier February 12, 2015

Internet of Things network specialist SIGFOX this week announced it has raised $115 million in new funding. The new money will support the company’s rollout of new networks in the Americas and elsewhere.

New investors include service providers NTT DOCOMO Ventures, Telefonica, and SK Telecom; Elliott Management Corp.; and Air Liquide, Eutelsat, and GDF SUEZ. These new investors join Elaia Partners, Idinvest, iXO PE, and Partech Ventures.

The new round includes a close of $93 million and a “greenshoe” of $22 million that will allow others to join the share capital of SIGFOX in the next few months.

Established in 2009, SIGFOX bills itself as a pioneer of low-power wide-area connectivity. The company offers services in France, the Netherlands, Spain, and the United Kingdom. And it expects to launch service in the U.S. shortly.

Securitas Direct, a security systems provider in Spain and Europe, is among the company’s customers. It will connect and monitor millions of devices in customers’ homes and businesses via SIGFOX’s dedicated IoT network, which Abertis is deploying throughout Spain. Jaap Groot, SIGFOX vice president of global sales, in September said: “The network deployment in Spain by Abertis Telecom is a major step towards our goal of 1 billion connections.”

And as Carl Ford of Crossfire Media, a TMC partner, wrote earlier this week, SIGFOX has partnered with Aerea and Tele2 to deliver solution in the Netherlands. Parking lot payment is among the key use cases for the threesome. In this case, SIGFOX technology is used to connect to the parking meters and Aerea offers integration and monitoring. Tele2, meanwhile, offers the cellular ability to connect to digital signage indicating parking space availability.

IoT companies are a hot new area of focus for investors, as noted in the recent ITEXPO Miami/IoT Evolution Conference panel “The Sense to Invest: IoT Money Round Table.”  

Recent investments in this space include ABRY’s acquisitions of service providers KORE Telematics and Raco Wireless, which it combined under the KORE name. There’s also been a fair amount of consolidation in the IoT platform provider arena. For example, PTC in recent months purchased by Axeda and Thingworx. And Telit bought ILS Technology, among others.




Edited by Maurice Nagle
Get stories like this delivered straight to your inbox. [Free eNews Subscription]

Executive Editor, TMC

SHARE THIS ARTICLE
Related Articles

ZEDEDA Certified Edge Computing Associate Certification to Support Growing Uses of Edge Computing

By: Alex Passett    9/6/2023

The new ZCEA certification from ZEDEDA is available through the company's Edge Academy and provides fundamental knowledge about the many benefits of e…

Read More

T-Mobile and Google Cloud Partner to Advance 5G and Edge Compute Possibilities

By: Alex Passett    6/15/2023

T-Mobile and Google Cloud are helping customers embrace next-gen 5G use cases; applications like AR/VR experiences, for example.

Read More

Aptiv PLC Acquires Wind River Systems to Enhance Software-Defined Vehicles

By: Alex Passett    1/5/2023

Dublin-based automotive technology supplier Aptiv PLC has acquired California-based cloud software and intelligent edge company Wind River Systems.

Read More

Driver Safety and Costs Keep Decision Makers Awake

By: Greg Tavarez    12/15/2022

The two things that are top of mind for SMB fleets are driver safety and financial concerns.

Read More

Tomahawk Hosts Microsoft Azure SDK on KxM Body-Worn Edge Processor

By: Stefania Viscusi    11/10/2022

Tomahawk Robotics, a provider of common control solutions, has successfully hosted Microsoft Azure SDK on its KxM edge device.

Read More