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Low Power Wide Area (LPWA) network specialist Actility raised $75 million in new capital, as it looks to enhance its portfolio of industrial IoT solutions across different verticals, accelerate in the US and boost its position in China.
The company, which is a co-founder of the LoRA alliance and developed its global IoT solutions on the LoRaWAN standard, raised the capital as part of its Series D funding round, which attracted a group of new investors; Creadev, Bosch and Inmarsat.
Actility said a second closing later this month would see additional strategic investors join the company “in support of this over-subscribed capital raise”.
It already counts major players as backers including KPN, Orange Digital Ventures, Swisscom and Foxconn, after raising $25 million in its Series C funding round, completed in 2015.
Actility bases its offering around its ThingPark platform, which it said is powering “most national and large scale LPWA rollouts worldwide”.
The company revealed the platform had also grown more industrial, to not only support the LoRaWAN standard, but also other standardised LPWA technologies including LTE-M and NB-IoT.
Un très bel investissement du Programme d'Investissements d'Avenir via le Fonds #EcoTechnologies souscrit par la Caisse Des Depots pour le compte de l'Etat et de l'ADEME, et géré par notre plus grosse filiale Bpifrance. Et une superbe équipe emmenée par Olivier Hersent, Mike Mulica, Christophe François et Boris Lacroix.