Cisco Investments Joins Actility $75 Million Series D Funding Round

Cisco Investments Joins Actility $75 Million Series D Funding Round David Menzies 919-274-6862
PHILADELPHIA -- Actility, the industry leader 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, joining BNP Paribas and 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.


919-274-6862 David Menzies PR for Startups
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," comments 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.”

Actility is the industry leader in LPWA (Low Power Wide Area) large-scale infrastructure and the innovator behind the ThingPark IoT Solution platform. Actility’s ThingPark enables scalable LPWA networks and interoperable IoT applications and services. ThingPark Wireless is a core network management and supervision solution for LPWA connectivity designed from the beginning for carrier-grade solutions, and already deployed in over half the national LPWA network rollouts globally. ThingPark OS is a central IoT management service to connect sensors to applications with bidirectional interaction. ThingPark X is a data analytics and control framework which exposes data from connected things to applications and connects with cloud platforms, and also offers off the shelf IoT industrial applications. ThingPark Market is a B2B ecommerce platform for buyers and sellers, aggregating, distributing and connecting IoT devices and applications to the ThingPark platform. Actility is a founding member of the LoRa Alliance.

http://www.actility.com