Cisco Investors backs Actility as it announces new investors in US$75m Series D funding round
Actility, a provider in Low Power Wide Area Networks (LPWAN) for Internet of Things (IoT), announced at the LoRa Alliance™ All Members’ Meeting that Cisco Investments has taken a stake in the company’s $75 million Series D funding round.
Cisco is joining BNP Paribas alongside existing investors including Creadev, Orange, Inmarsat and Robert Bosch Venture Capital. The funding will enable Actility to roll out industrial IoT solutions with its partners for key verticals such as logistics and supply chain, smart buildings and energy and utilities; to accelerate its global growth; and to make strategic investments to enhance its technology portfolio.
Since 2010, Actility has been pioneering the fundamental technology that led to the operating framework of LoRaWAN™ and was a founding member at the launch of the LoRa Alliance in 2015.
Today, Actility is the driving force behind a full suite of LPWA IoT software that serves the world’s largest service providers, solution providers and enterprises in capturing the full benefit of IoT’s explosive growth potential.
“Cisco’s strategic investment in Actility further enhances the collaboration of two complementary IoT solution providers with big plans for the connected world,” commented Mike Mulica, CEO of Actility.
“Cisco is focused on enabling the rapid proliferation of IoT through LPWA technologies, including LoRaWAN gateways and geolocation services,” said Amit Chaturvedy, head of IoT Investments and Acquisitions at Cisco. “We invest in companies that share our passion for helping customers and are leaders in their technologies.
Actility is dedicated to a great customer experience through the LPWA IoT on-boarding, operating and monetisation experience. We are pleased that Actility intends to use the proceeds of this investment round to scale their business faster and more reliably all around the world.”