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

SuperCom Wins $3.7 Million National Electronic Monitoring Contract in Czech Republic

By: Ken Briodagh    3/20/2017

SuperCom, a global provider of secure solutions for the e-Government, Public Safety, HealthCare, and Finance sectors, has recently announced that its …

Read More

u-blox Joins IoT M2M Council to Reach IoT Buyers

By: Ken Briodagh    3/16/2017

In a recent announcement, Swiss company u-blox, a global developer of wireless and positioning modules and chips for embedded IoT applications, said i…

Read More

ZOOStock Announces M2M Agreement with NetComm Wireless

By: Ken Briodagh    3/15/2017

According to a recent announcement, Australian data communications company NetComm Wireless Limited has reached an agreement with Spanish distributor …

Read More

OneSource Virtual Live in the U.K.

By: Chrissie Cluney    3/15/2017

OneSource Virtual, a provider of Business Process as a Service (BPaaS), which supports the automated delivery of solutions exclusively for Workday, ha…

Read More

New Wireless Gecko SoCs Help Developers Tackle Multiprotocol IoT Design

By: Ken Briodagh    3/14/2017

In a recent announcement, Silicon Labs has stated a major expansion of its Wireless Gecko system-on-chip (SoC) portfolio, with the goal of making it e…

Read More