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Venture Capital - Backing Exceptional Israeli and European Entrepreneurs

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floLIVE Closes on $47M as Demand for its Unique Hyperlocal Global Network Surges

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πŸ”– Topics: Funding Event

🏒 Organizations: floLIVE, 83North, Qualcomm Ventures, Dell

floLIVE, creator of the world’s first and largest hyperlocal global cellular network and a leading provider of global connectivity, network and Connectivity Management Platforms for IoT, announced today that it has raised $47M in a Series C round of funding. The round was co-led by Greenfield Partners and existing investor 83North, with Qualcomm Ventures, Dell Technologies Capital, Saban Ventures, and Hazelnut Partners participating in the round.

floLIVE will use the funds to increase its global footprint by partnering with additional MNOs, expand its unique multi-IMSI over eSIM technology, launch an integrated satellite connectivity offering and introduce new and innovative solutions to the market such as advanced location-based applications, network-based cybersecurity services, secure data routing and more.

Read more at PR Newswire

Pelico Raises $18.5M to Help Manufacturers Manage Factory Operations in an Increasingly Complex & Volatile Context

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πŸ”– Topics: Funding Event

🏒 Organizations: Pelico, 83North, Serena Capital

Pelico, the factory operations SaaS platform that empowers manufacturers to deal with rising levels of complexity and volatility in their operations, today announced that it has raised $18M led by 83North and Serena with participation from La Famiglia & ISAI as well as multiple business angels such as Adrien Nussenbaum (Mirakl), Carsten Thoma, Bastian Nominacher (Celonis)… This new fund will give the opportunity to Pelico to grow its team, significantly invest in its technology and expand its internal presence.

Supply chain and manufacturing have become more complex than ever, with volatile demand, fragmented supply chains and an increasing complexity in products. Because operational context changes faster than the teams’ ability to plan, those teams spend their time firefighting these unplanned disruptions. This puts at risk revenue as sales are delayed, and margins as last minute solutions are costly. Pelico acts as an operations management system for factory teams.

Read more at Businesswire

Samotics Completes Series A Funding Round to Lead Fight Against Industrial Energy Waste

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πŸ”– Topics: funding event

🏒 Organizations: Samotics, 83North

Samotics, a leading provider of real-time actionable insights to eliminate industrial energy waste and unplanned downtime, has completed a EUR 14.5 million Series A funding round. The round was led by 83North, a global venture capital firm with a proven track record in building category leaders across multiple domains including Internet of Things (IoT) and Artificial Intelligence (AI) technologies.

Read more at Business Wire