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

Executive Editor, TMC

SHARE THIS ARTICLE
Related Articles

NGD Systems Survey Reveals Challenges in Supporting Growing Edge Workloads

By: Ken Briodagh    7/17/2019

A new survey by NGD Systems reportedly has found that bottlenecks and compute problems continue to plague IT pros as they struggle to support growing …

Read More

AT&T Joins MxD Manufacturing Research Institute to Boost 5G and Edge Tech

By: Ken Briodagh    7/17/2019

AT&T to install 5G and Edge Compute in MxD Institute to develop and test applications with U.S. manufacturing companies

Read More

Porsche and FogHorn Enhance Vehicle Security and Experience with Intelligent Edge

By: Ken Briodagh    7/16/2019

Porsche looks to the intelligent edge during Startup Autobahn challenge to accelerate innovation and performance with real-time video analytics

Read More

EdgeX Foundry Platform Reaches Commercial Readiness and Linux Foundation Arms IoT Edge at Scale

By: Arti Loftus    7/12/2019

As the IoT and Industrial IoT grows, so grows EdgeX Foundry, an open IoT project of The Linux Foundation, which has become part of the LF Edge.

Read More

ERM Advanced Telematics Enters IoT and Introduces New Asset Trackers

By: Ken Briodagh    7/2/2019

ERM Advanced Telematics is expanding its activities from telematics solutions for locating and tracking vehicles, drivers and passengers, into the IoT…

Read More