Actility, a leading provider of network solutions and managed information systems for the Internet-of-Things (IoT) market, has secured a $25 million funding round led by Ginko Ventures which boasts key investors including tier-one telcos – KPN, Orange, Swisscom and Foxconn. The investment will allow Actility to accelerate its go-to-market strategy for ThingPark, its open standard IoT network solution; funding its operational resources, building a high level of service and continuing to develop technology partnerships to foster a healthy ecosystem.
According to Acility, ThinkPark which is a fully integrated platform, is designed to enable IoT services for any market sector, offering ready-to-go IoT connectivity plus a full set of ready-to-sell applications. It is a Low Power Wide Area (LPWA) radio network built on the LoRaWAN standard, developed and supported by the LoRa Alliance. LoRaWAN networks address the three critical elements required for IoT networks connecting billions of devices: low power, long range, and low cost.
Olivier Hersent, Founder, CEO and CTO, Actility
Today’s wireless technologies are not optimized for IoT applications which require sensors to be low power and able to run on a battery with very little maintenance. ThingPark provides the technology to connect both long range and low power sensors over unlicensed ISM band spectrum, allowing low cost and fast roll-out of IoT networks for a wide range of IoT applications. We are delighted to have secured the backing of such prominent communications industry leaders.
Pierre Louette, Orange’s Deputy CEO who is also responsible for Orange Digital Ventures
Actility’s connected objects platform is based on bringing together its open service approach with the power of networks. This clearly corresponds to the ambition of Orange Digital Ventures to invest in actors that are developing innovative digital services that contribute to change our customers experience and answer the changing desires and needs of our customers. The Internet of Things is an extremely promising new market and it is important for Orange to support the start-ups and developers who are currently working on services that will become part of our future.