Persbericht: KPN Ventures levert groeikapitaal aan Wirepas, waardoor software voor industriële IoT-netwerken mogelijk wordt
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KPN Ventures provides growth capital to Wirepas, enabling software for industrial IoT networks
KPN Ventures, the venture capital investment arm of KPN, announced today it has participated in the €14.4M investment round of Wirepas, a wireless connectivity platform for Industrial Internet of Things (IIoT). Wirepas, based in Tampere (Finland), aims to become the enabler of the most pervasive connectivity system for massive IoT with unprecedented scale, density, flexibility and reliability, which enables customers to deploy smart connectivity solutions ranging from asset tracking to smart cities and lighting.
In addition to KPN Ventures, Tesi (Finnish Industry Investment) and the existing investors: ETF Partners, Inventure Fund and Vito Ventures participated in the €14.4M financing round. The growth capital will be used to further accelerate the international expansion of the Wirepas partner ecosystem in order to support customer success as well as on continuous product development. During the last three years the company has successfully built a broad ecosystem of technology partners to serve end users around the globe.
Wirepas has developed “Wirepas Mesh”, a unique hardware-independent radio communication protocol for decentralised networking to power massive IoT applications. Wirepas Mesh software enables a self-forming and self-healing network with every single device making decisions autonomously, but with the benefit of the whole network in mind. The protocol is an ideal fit for solutions that require scalability, energy efficiency, density, reliability and flexibility. The Wirepas Mesh technology can be combined with other IoT network technologies to enable IoT solutions that require specific needs, such as indoor and outdoor tracking or >