Sigfox Raises $20.6 Million To Create A Global Cellular Network For Connected Objects

TechCrunch

French startup Sigfox raised a Series B round of $20.6 million (€15 million) from IDInvest and BPIFrance. Existing investors (Elaia Partners, Partech Ventures, Ixo and Intel Capital) also participated. As a reminder, Sigfox wants to create an alternative cellular network specifically dedicated to connected objects.

Compared to traditional cellular networks, this network can cover a larger area and is very energy-efficient. Previously, the startup had raised $2.8 million (€2 million) and $13.7 million (€10 million).

The company wants to create a global network that uses the same protocol everywhere. This network can be used, for instance, to monitor parking spots, communicate if your bus is approaching and more. And if you develop smart parking spot devices, you only need to support one network. Finally, it will cost you the same to take advantage of this network in every country.

Sigfox already has a well-established network in France, and is working…

View original post 105 more words

Advertisements
This entry was posted in ClancyJG International, facebook and tagged . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s