KIYATEC Announces Investment from Seae Ventures and Names Co-founder and Managing Partner Jason Robart to its Board of Directors
01 May, 2021
– Ubiik has completed its US$5M Series A funding led by Taiwania Capital.
– The investment will fuel the global expansion of its industry-leading AMI (Advanced Metering Infrastructure) technology and energy IoT solutions, as well as growing its promising cellular IoT business.
– Ubiik is the largest AMI vertical solutions provider for Taiwan’s smart electricity meter deployment, the largest IoT project in Taiwan.
– By winning three consecutive tenders of Taiwan Power (Taipower), the “state-owned” electricity company, from 2018 to 2020 at a total value of US$45Mn, Ubiik is tasked to deploy its AMI system for 600,000 electricity meters by 2022, of which more than 200,000 are already online.