floLIVE Closes on $47M as Demand for its Unique Hyperlocal Global Network Surges
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.
IOTech Expands North American Presence with Investment from Dell Technologies Capital
IOTech, the leader in open edge computing, today announced its expansion in the North American market, fueled by additional investment led by Dell Technologies Capital. The investment will support go-to-market in the region and accelerate strategic product development of its groundbreaking open edge data platform. To help further drive growth in the U.S., IOTech has also appointed industrial IoT (IIoT) veteran David C. King to its board of directors.
The new investment included existing investors Dell Technologies Capital, SPDG (Société Anonyme de Participation et De Gestion), the holding company of the Périer-D’Ieteren family, Northstar Ventures and the Scottish Investment Bank.