financing-round Archives

French network management firm eyes vast Internet of Things grids

June 16, 2015 creative aerial-systems, committee, david-morgan, financing-round, interstate, its-network, localities-must, new-funding, sensor-networks, the-committee, the-successful, things, turn-backed, world

By Eric Auchard FRANKFURT (Reuters) – Actility, a supplier of software used to manage far-flung sensor networks dubbed the Internet of Things, said on Tuesday it has taken $25 million in new funding from top European telecom operators and the world’s largest contract electronics maker. The financing round is led by Ginko Ventures, which is in turn backed by Taiwan’s Foxconn Technology, the world’s largest electronics manufacturer, along with telecom operators KPN, Orange and Swisscom