Cisco Just Invested In This IoT LPWAN Startup
Cisco has invested a stake in Internet of Things startup Actility, a company specializing in low power WAN (LPWAN) solutions for IoT.
On Tuesday at the LoRa Alliance event in Philadelphia, the French startup revealed that Cisco participated in its $75 million Series D funding round which will be spent on creating more industrial IoT solutions in key verticals including logistics and supply chain, smart buildings and energy and utilities.
“Cisco is focused on enabling the rapid proliferation of IoT through LPWAN technologies, including LoRaWAN gateways and geolocation services,” said Amit Chaturvedy, head of IoT Investments and Acquisitions at Cisco, in a statement. “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 LPWAN IoT on-boarding, operating and monetization experience.” Read more…