Menu

IoT FEATURE NEWS

A Boost to the eSIM Marketplace: Airalo Successfully Raises $67.3 Million in Series B Financing

By

eSIM technologies, as we know, have revolutionizes the way users are able to connect with mobile networks. Unlike traditional physical SIMs, eSIMs are embedded directly into IoT devices, enabling users to switch carriers more flexibly. (i.e. without the needs for physically swapping cards) With eSIMs, today’s interested consumers may remotely activate, download and manage multiple mobile network profiles, all on just one single device. This has brought about a wave of eSIM empowerment while, in turn, simplifying provisioning, reducing deployment costs, and enhancing scalability.

In that vein, there is Airalo.

Trusted by more than 100,000 users worldwide (and in more than 200 total countries and regions), Airalo and its eSIM marketplace solve the pain of high roaming bills by providing access to its eSIMs. This is very much in line with the company’s mission: To provide global data connectivity for all travelers, breaking them free from the roaming limits that have, according to the company, “been broken for years.”

The long story short? Airalo provides impactful eSIM coverage solutions that improve the travels – and connected lives, overall – of as many people as possible.

Last week, Airalo announced another success: The company successfully completed its Series B financing round, raising $67.3 million in the process.

This is huge for Airalo. As its co-founders Abraham Burak and Bahadir Ozdemir (shown above) described:

“Over the past several years, Airalo has alleviated the pain points – and improved the experiences of – millions of travelers by providing our very affordable and accessible connectivity all around the world. This new consortium of investors will further enable us on our quest to build the gateways to instant connectivity worldwide.”

The consortium Burak and Ozdemir are referring to include e& capital (the investment arm of e&), as well as Antler Elevate, Liberty Global, Orange, Rakuten Capital, Singtel Innov8, Telefónica Ventures, Sequoia Capital India and several others.




Edited by Alex Passett
Get stories like this delivered straight to your inbox. [Free eNews Subscription]
SHARE THIS ARTICLE
Related Articles

Minnesota Vikings Turn to Zebra for Player Performance Analysis

By: Greg Tavarez    9/21/2023

The Zebra MotionWorks Sport system RFID tracking technology captures player and ball data for each of the Minnesota Vikings' practice sessions this se…

Read More

Agenda Announced for 5G Expo at IoT Evolution, Fort Lauderdale, February 13-15, 2024

By: TMCnet News    9/20/2023

Driving Enterprise Adoption, Exploring New Connectivity Solutions and Fostering Partnerships

Read More

Technology for Good: ALE and Nokia Partner to Support Grand Paris Express

By: Alex Passett    9/19/2023

Alcatel-Lucent Enterprise and Nokia have partnered to support the Grand Paris Express, one of Europe's largest metro rail projects.

Read More

Quasar and PTC Establish a Data-Driven Partnership for IoT

By: Alex Passett    9/19/2023

Quasar is partnering with PTC to bolster TSDB and industrial connectivity capabilities.

Read More

Treon, Ready to Triumph: 5.5M Euros Series A Funding with Ventech to Power New US Expansion

By: Alex Passett    9/18/2023

Massive IoT company Treon successfully closed a new funding round to boost its international growth.

Read More