Menu

M2M FEATURE NEWS

Sigfox Collects 10 Million Euros in Series B Funding from Investors

By Tabitha Naylor September 10, 2012

Cellular network operator Sigfox has just announced the end of its series B funding, collecting 10 million euros from existing investors including Elaia Partners, IXO Private Equity and Partech Ventures International. The funding also drew in a new investor, Intel Capital.

“This new funding round will enable the company to quickly deploy a very low throughput network that covers the whole of France and several foreign countries, and is a perfect follow-up to our announcement in June about the opening of the SIGFOX network,” stated Ludovic le Moan, Sigfox’s CEO.


Image courtesy of Shutterstock.

This most recent round of funding is in line with Sigfox’s dedicated cellular network Machine-to-Machine (M2M) and Internet of Things communication. Investors pledged funds to support the development of the Internet of Things, which enables billions of objects to connect and exchange information with each other.

Sigfox aims to provide and offer an optimized and enhanced network for low throughput data transfer, which will reduce the amount of power consumed by objects and enable the company to supply communication costs at a dramatically decreased price. Its patented ultra narrow band (UNB) technology will allow the Internet of Things to operate on a network of unlicensed frequency bands that are available around the world, delivering long-range transmissions of data while lessening carbon footprint.

New investor Intel Capital is pleased to be supporting Sigfox. “This should help the Internet of Things, which we strongly believe in, become a reality at an accelerated speed. We will be able to assist the company’s growth by exposing them to Intel Capital’s extensive network and expertise,” said Marcos Battisti, Managing Director of Intel Capital for Western Europe and Israel.

Existing investors and partners also gave praise to Sigfox for its dedication to making the project a reality in the near future. The company is presently working with other partners to provide its consumers with UNB packaged solutions that will easily integrate with the M2M network. The Sigfox Network is currently providing its solutions in France, but will expand its coverage into other European countries starting 2013.

Want to learn more about M2M technologies? Don’t miss the M2M Evolution Conference, collocated with ITEXPO West 2012 taking place Oct. 2-5, in Austin, TX.  Stay in touch with everything happening at M2M Evolution Conference. Follow us on Twitter.




Edited by Rich Steeves

Contributing Writer

SHARE THIS ARTICLE
Related Articles

Columbia is the First Latin American Country to See Its Electric Grid Optimization Platform Go Live

By: Joe Rizzo    8/3/2015

Hydroelectricity is the most widely used form of renewable energy. The term refers to electricity generated by the use of the gravitational force of f…

Read More

An Open Letter to John Legere: 33,000 net-deactivations in Q2? How?

By: James Brehm    7/30/2015

In the last 24 hours, we have had countless people asking, "What in the world is going on at T-Mobile?" This is in response to T-Mobile's early press …

Read More

Brazil: Latin America's Largest M2M Market

By: Tara Seals    7/30/2015

Machine-to-machine connections are expected to make up a significant portion of overall Internet of Things (IoT)-related wireless connections going fo…

Read More

Industrial IoT Tech Drives Incredible Production, Creates Potential Problem

By: Ken Briodagh    7/28/2015

Chinese IoT company Jiangxi Outrace Technology has deployed M2M technology to enhance production capacity at an LED lighting facility, and also cut th…

Read More

How to Select the LPWAN Strategy for You

By: TMCnet Special Guest    7/24/2015

When selecting the LPWAN strategy several aspects need to be taken into account.

Read More