Business Wire

Actility Energised by $75M of New Capital to Accelerate Industrial IoT Solutions Globally

12.4.2017 09:00 | Business Wire

Del

Actility, the industry leader in Low Power Wide Area Networks (LPWAN) for the internet of Things (IoT), today 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, which was achieved by the company without involving banks.

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.

“This fundraising will enable us to grow our IoT technology and ecosystem platform faster to meet the needs of service providers, solution providers and enterprises in large industry verticals, for example rolling out our disruptive global location and tracking service more quickly,” explains Actility CEO Mike Mulica. “It will also allow us to accelerate our strategy for the US, and build strength in China. And last but by no means least, it will enable us to look at strategic acquisitions to broaden our technology portfolio and cement our leadership in LPWA.”

Florent Thomann, a member of Creadev’s management board, and in charge of new digital models, says: “We have been looking for the best project in the business of connectivity for the IoT for a while. In Actility, we found a company that offers an ideal solution and has made the perfect technology choices in LPWA and LTE-M to meet that growing connectivity market. We are convinced by both the company and its management, which shows a real visionary insight into the technology and business models and the way that connectivity will evolve. Furthermore, Actility's team is proving to be particularly agile at innovation, adapting to new technologies very efficiently. We are pleased to bring our culture of ambition, support and sharing best business practice to help nurture Actility's long-term growth.”

Paul Gudonis, President, Inmarsat Enterprise, commented: “Inmarsat sees a great deal of potential in Actility, and its expertise in global IoT networks, based on LoRaWAN, makes it a natural fit for our investment. There are clear synergies between us, namely the ability to deliver innovative connectivity services to customers in remote locations, creating the potential for a global IoT network. To this end, we recently developed our LoRaWAN-based network in partnership with Actility to enable IoT to reach every corner of the globe. We have many more projects planned with Actility and we are excited to support the company’s rapid growth as it continues to make great strides in the IoT arena. This market is rapidly maturing and Actility, with its growing ecosystem of partners, is ideally positioned to take advantage of this for the benefit of businesses across a variety of industries.”

Cyril Vancura, Investment Principal at Bosch, explains the company’s investment: “Actility is the clear leader in the emerging LoRaWAN ecosystem for IoT applications and has exhibited impressive growth in the past. We are excited to support the company on the next phase of this journey.” Bosch Managing Partner Ingo Ramesohl adds, “IoT is a strategically important field to Bosch. Our company already has a wide offering in fields such as connected manufacturing, mobility, connected energy, smart building, and connected buildings. As such, we think that there will be substantial collaboration opportunities between Actility and Bosch in the future.”

Anne-Sophie Carrese, Investment Director at Bpifrance, comments, “We congratulate Actility on the considerable distance they have covered since their creation in 2010. The company has gone through major changes ever since and has established a solid international commercial portfolio to build on in the coming months and years. We are proud to being able to provide our financial support and our knowledge to Actility, which entirely fits with our funding strategy and philosophy. The Ecotechnologies fund of Bpifrance, who initiated their engagement with Actility in 2012, has the ambition to continue helping to transform the company from a start-up into the worldwide leader of IoT.”

“We believe that Actility continues to be a world leader in networking for the internet of things,” says Matthieu Baret, partner at Idinvest Partners, ”and we’re excited to be able to support the company’s global growth. We’re also very pleased to see that Actility is maintaining that tradition of technology leadership, both in adopting other 3GPP network technologies such as LTE-M and NB-IoT, and developing business solution enablers like roaming and location and tracking. We believe the company is well-placed to be at the forefront of the internet of things revolution for the enterprise.”

Pierre Louette, Deputy CEO of Orange and President of Orange Digital Ventures comments: “We are happy to be strengthening our support for Actility through this new fundraising round, which clearly demonstrates the ability of corporate venturing to help scale-up innovative new companies. Orange Digital Ventures was an early believer in Actility’s management team and in the potential of LoRaWAN technology; this confidence has now been confirmed as the company continues to expand internationally. Today, Orange is one of Actility's main customers in France and we hope to extend this partnership in other countries across our footprint in Europe and Africa. We are convinced that a growing number of industries will imagine powerful industrial use-cases that are made possible through Actility’s market-leading platform. Orange will continue to lend its support in bringing such IoT solutions to its enterprise customers. We are not at dawn of the next industrial revolution -- we are already in it!”

“Since our last investment, in July 2015, Actility has made tremendous progress,” observes Ginko Ventures’ Managing Partner Dominique Pitteloud, “both in terms of global deployment with many of the largest IoT networks, and has extended its product portfolio to become a general purpose IoT platform which is radio-agnostic and supports vital capabilities such as location and roaming. We are proud to be able to continue to support the company’s further development and growth.”

“We’re excited to be an investor as well as one of Actility’s first customers with a nation-wide deployment of LPWAN “explains Stefan Kuentz, Investment Director Swisscom Ventures. “The management team has a compelling vision with a proven ability to execute globally within a short time span. We are looking forward to supporting the company into its next growth stage.”

Herman Kienhuis, Managing Director KPN Ventures, adds "Actility is the clear industry leader in LPWAN networking technology to connect devices to the internet. Through powerful partnerships, Actility is building a truly global IoT network. KPN has been working together closely with Actility in rolling out KPN's nationwide internet of things network in The Netherlands. We see that the market for connected devices is developing rapidly and a wide range of valuable use cases is emerging, from gathering data for energy and waste management to equipment tracking, and from dike monitoring to parking sensors. KPN Ventures is happy to support Actility in its further growth as part of the strong investor syndicate as well.”

About Actility & ThingPark™

For more information please see: http://www.actility.com

About our investors:

Bosch

http://www.rbvc.com

Bpifrance

http://www.bpifrance.fr

Creadev

http://www.creadev.fr

Foxconn

http://www.foxconn.com

Ginko Ventures

http://www.ginkopartners.com

idinvest

http://www.idinvest.com

Inmarsat

http://www.inmarsat.com

KPN

www.kpnventures.com

Orange

http://www.orange.com

Swisscom

Contact information

Actility:
Anne van Gemert
anne.vangemert@actility.com

Om Business Wire

Business Wire
Business Wire
24 Martin Lane
EC4R 0DR London

+44 20 7626 1982http://www.businesswire.co.uk

Business Wire, a Berkshire Hathaway company, is the global leader in multiplatform press release distribution.

Følg saker fra Business Wire

Registrer deg med din epostadresse under for å få de nyeste sakene fra Business Wire på epost fortløpende. Du kan melde deg av når som helst.

Siste saker fra Business Wire

Xylem joins water industry leaders and policy influencers at World Water Week 2017 to advance water and wastewater management practices24.8.2017 09:00Pressemelding

At World Water Week 2017 in Stockholm, Xylem (NYSE:XYL), a leading global water technology company, will lead and participate in forums focused on accelerating the smarter management of water and wastewater. Taking place from August 27- September 1, World Water Week will center on the theme of “Water and Waste: Reduce and Reuse” and be attended by more than 3,000 professionals from some 300 businesses, agencies and non-governmental organizations. On Sunday, August 27, Xylem is co-convening a forum entitled “Data Drought: An Assessment of Global Hydrological Monitoring Systems” along with Duke University, the Aspen Institute and the University of Oxford. This multi-stakeholder discussion will assess the severe decline in critical global water monitoring infrastructure, explore the challenges and solutions to up-scaling this infrastructure as well as the implications of non-action, and d

Announcement from SII Semiconductor Corporation: Change of Company Name24.8.2017 06:00Pressemelding

SII Semiconductor Corporation (President: Nobumasa Ishiai, Head Office: Chiba-shi, Chiba; hereinafter “SII Semiconductor”), a subsidiary of Seiko Instruments Inc. (President: Hitoshi Murakami, Head Office: Chiba-shi, Chiba; hereinafter “SII”), that manufactures and sells semiconductors today announced that the company will change its company name to ABLIC Inc. in January 5, 2018. SII Semiconductor was established in September 2015. Through a joint investment by Development Bank of Japan Inc. (President & CEO: Masanori Yanagi, Head Office: Chiyoda-ku, Tokyo; hereinafter “DBJ”) in January 2016, SII Semiconductor has deployed and expanded its business by succeeding the SII’s semiconductor business. Currently the equity of SII Semiconductor is split to 60% for SII and 40% for DBJ, but SII will transfer its 30% of the equity to DBJ and DBJ will acquire 70% after January 2018. Taking adv

Ford Names New Chairman and CEO for Ford China; New Vice President of Powertrain Engineering23.8.2017 22:00Pressemelding

Ford Motor Company today announced a new chairman and CEO of Ford China and head of Powertrain Engineering as it continues to strengthen its global leadership team. Jason Luo is named chairman and CEO Ford China. In his new role, Luo will lead all of the company’s operations in Greater China including its import business, Lincoln, its passenger car joint venture Changan Ford, commercial vehicle investment in Jiangling Motors Corporation, and our operations in Taiwan. Luo, 51, joins Ford from Key Safety Systems, the fastest growing company in the automotive safety market, where he was global president and CEO for the past 10 years. While at Key Safety Systems, he led the business transformation and global expansion of the company and achieved significant revenue growth in China. Luo will be based in Shanghai, reporting to Peter Fleet, Ford group vice preside

Tech21 Announces New Collection Designed to Protect the Samsung Galaxy Note8 Drop After Drop.23.8.2017 17:30Pressemelding

Tech21, the leader in impact protection for mobile devices, today announced a new collection of innovative cases and screen shields for the Samsung Galaxy Note8 made of unique, patented impact protection materials that guarantee the most effective drop protection on the market. This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20170823005888/en/ Evo Tactical for Samsung Galaxy Note8 (Photo: Business Wire) Tech21 products are designed to protect, drop after drop. The company does this by using scientifically proven impact materials, innovative design and a rigorous testing methodology developed in partnership with the National Physical Laboratory. Tech21 cases are drop tested 20 times to ensure durability and long lasting protection able to withstand the multiple drops that occur in the everyday

2018 AQR Insight Award Call for Papers23.8.2017 15:45Pressemelding

AQR Capital Management, LLC (“AQR”) today began accepting submissions for the seventh annual AQR Insight Award. The AQR Insight Award recognizes and rewards exceptional academic papers that have practical applications and offer original, intelligent approaches to issues in the investment world. Up to three papers share a $100,000 annual prize. Winners are chosen by the AQR Insight Award Committee, a panel of senior members of the firm, many of whom are leading academic finance experts from top universities. AQR will accept papers on any investment-related topic as long as they deliver clear, significant insights. Papers must not be published before October 1, 2017. The deadline for entries is November 1, 2017. The Committee will then narrow the finalists to five papers, and the authors of those papers will be invited to present their research to

ANA Announces New Online Content "IS JAPAN COOL? DOU"23.8.2017 15:00Pressemelding

Today, All Nippon Airways Co., Ltd. (ANA), Japan’s largest and only 5-Star airline, is proud to announce the launch of its new online content “IS JAPAN COOL? DOU,” which illustrates traditional Japanese culture through the use of cutting-edge technology. This content can be seen on “IS JAPAN COOL?,” a website that promotes tourist destinations and popular Japanese cultures to the world. This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20170823005024/en/ "IS JAPAN COOL? DOU" TOP (Graphic: Business Wire) While Japan is widely known for its unique pop culture, “IS JAPAN COOL?,” which launched in 2012, has put much of its focus on promoting Japan’s modern culture. As the number of tourists visiting Japan exceeded 24 million people as of 2016, the project aims to provide a deeper understa

I vårt presserom finner du alle våre siste saker, kontaktpersoner, bilder, dokumenter og annen relevant informasjon om oss.

Besøk vårt presserom