Actility has announced its successful completion of Series D funding round, raising $75 million 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. 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. It 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 of 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 monetization through the entire life cycle of automated connected object management and monetization. At the same time, the company has also 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.
The fundraising will enable Actility grow their IoT technology and ecosystem platform faster to meet the needs of service providers, solution providers and enterprises in large industry verticals. It will also allow them to accelerate their strategy for the US, and gain traction in China while also looking at strategic acquisitions to broaden their technology portfolio and cement their leadership in LPWA.
