IoT network vendor Actility has announced today a $25 million funding round led by Ginko Ventures, KPN, Orange, Swisscom and Foxconn along with the existing investors BPI France, Idinvest Partners, and Truffle Capital.
The investment will allow Actility to accelerate its go-to-market strategy for ThingPark, a Low Power Wide Area (LPWA) radio network built on LoRaWAN, a standard developed and supported by the LoRa Alliance.
ThingPark Wireless uses Spread Spectrum modulation allowing for coverage on a range of 2 to 5 km in dense city areas and up to 15 km for countryside applications.
ThingPark Wireless provides access to a cloud platform and APIs, plus a “Store“ where they sell development kits, devices and applications.
On the heels of a â‚¬10 million funding for Qowisio last week (read here) and a partnership/funding deal between Sigfox and Samsung yesterday (read here), investments in IoT networks are all the rage at the moment.
Want to learn more about geolocation and Internet of Things? Join us at Geo IoT in Marseille, France, on Sept 17, 2015 – http://www.m2minnovationworld.com/program#geoiot