Cisco Dives Further Into IoT Space With Actility Investment
Cisco continues to invest in the booming Internet of Things (IoT) space, plunking down cash in low-power wide area networking (LPWAN) technology provider Actility, and bolstering its own product offering.
France-based Actility was the recipient of the latest investment, with Cisco joining in on the LPWAN provider’s latest $75 million Series D funding round. Cisco joined BNP Paribas as new investors in the funding, which was initially announced in April.
Actility said it will use the funds to roll out industrial IoT products targeting logistics, supply chain, smart buildings, energy, and utilities; and for investments to boost its platform.
The investment builds on previous work between Actility and Cisco. Actility last year joined Cisco’s IoT ecosystem program. Read more…
