Actility, the industry leader in Low Power Wide Area Networks (LPWAN) for the internet of Things (IoT), has announced that it has successfully completed its Series D funding round, raising $75M to enhance its portfolio of IoT solutions.
The company’s expansion will focus on enabling industrial IoT solutions in key verticals: logistics and supply chain; smart buildings; and energy & utilities. In the first closing, Creadev, Bosch and Inmarsat are among the new investors, alongside existing investors such as Idinvest, Bpifrance, Ginko Ventures, KPN, Orange Digital Ventures, Swisscom and Foxconn. A second closing later this month will see additional strategic investors joining the company in support of this over-subscribed capital raise.
Since the 2015 Series C financing, Actility has become the clear leader in global IoT solutions based on LoRaWAN, a dedicated radio network protocol for the IoT, co-invented by Actility. Today, the ThingPark platform is powering most national and large-scale LPWA rollouts worldwide. ThingPark has grown increasingly more industrial, supporting LoRaWAN, LTE-M and NB-IoT, becoming the most powerful IoT service orchestration platform available today.
In addition, thanks to a cohesive software stack comprising the ThingPark OS service and business support manager, ThingPark X application integration enabler, and the ThingPark Market ecosystem-wide e-commerce platform, Actility stands alone as the sole turn-key IoT ecosystem enablement platform supporting sensor to cloud application solution on-ramping and monetisation through the entire life cycle of automated connected object management and monetisation. At the same time, the company has seen demand for IoT solutions growing rapidly around the world. The emergence of China as a vital market for IoT and rich source of ecosystem partners will accelerate the rapid adoption of LPWA technology globally.
Jones Day has advised Creadev in connection with the acquisition of minority stake in Actility with a team led by Renaud Bonnet.
Involved fees earner: Renaud Bonnet – Jones Day;
Law Firms: Jones Day;
Clients: Creadev SAS;