This summary is generated by an algorithm. If you find any mistakes, let us know.

North America Smart Cities Telecommunications Wireless

Ubicquia Secures $25 Million Debt and Working Capital Facility to Accelerate Growth

– Ubicquia has entered a new $25m debt and working capital facility with Silicon Valley Bank.
– The facility will be used to accelerate growth, facilitate larger supply chain commitments and manage working capital requirements driven by increasing orders from OEM customers.
– SVB has increased the facility more than four-fold to help address Ubicquia’s working capital needs of its growing city, utility, and Mobile Network Operator customer base across the U.S. and Latin America.
– Ubicquia plans to broaden its scope worldwide, extending its offerings of smart city, connectivity, and smart grid platforms to Europe and Asia.
– With current supply chain constraints impacting production internationally, the agreement will also help ensure Ubicquia meets increasing demand as it expands its growing product portfolio, as well as give the company more flexibility in managing its operations.

Source
Information Technology North America Wireless

Aira Technologies Raises $13M in Equity Financing

– Aira Technologies from Saratoga, CA raised $13M in equity financing.
– The round was led by Neotribe Ventures and Acrew Capital with participation from Foothill Ventures and industry angels Ryan Drant (Founding Partner, Questa Capital) and Carl Waldspurger.
– The new investment will be used to accelerate the company’s global expansion and development of new products.

Source
Information Services Information Technology North America Software Telecommunications Wireless

GenXComm Raises $20M in Series B Funding

– GenXComm is an Austin TX-based provider of private networking solutions.
– Company raised $20M in Series B funding.
– The round was led by Motive Companies, with participation from Raine Next-Gen Communications, BMW iVentures, Intel Capital, Azure Capital and Bandgap Ventures.
– The company intends to use the funds to accelerate product development and commercial launch of their private 4G LTE and 5G network solutions.

Source
Cloud Data Services Hardware Information Technology Internet of Things North America Software Wireless

Everactive Raises $16M Additional Series C Funding

– Everactive from Santa Clara develops batteryless wireless IoT solutions.
– The company raised $16m in a strategic funding round.
– Backers in the round included 3M, Ericsson, and Armstrong International.

Source
Internet of Things North Africa and the Middle East Semiconductor Wireless

IoT Pioneer Wiliot Secures $200 Million Investment Round Led by SoftBank Vision Fund 2

– Wiliot announced that it received $200m in a Series C funding round led by SoftBank Vision Fund 2.
– Wiliot has created a platform that is built on Wiliot IoT Pixels and the Wiliot Cloud.
– Wiliot IoT Pixels are tiny low-cost, self-powered tags that attach to any product or packaging to sense a range of physical and environment data that is then fed into the Wiliot Cloud, where machine learning algorithms translate data into actionable insights for businesses across a range of industries.
– The Wiliot Cloud also ensures data remains secure, private, and authentic.
– For decades, there has remained a massive gap as trillions of products travel billions of miles without any data being available as to their status, whereabouts, or situation.

Source
Construction North America Telecommunications Wired Telecommunications Wireless

Betacom lands $15M to manage private 5G networks after relocating from Florida to Seattle

– Betacom, a longtime telecommunications company, raised $15m as it launches a fully-managed private wireless service called Betacom 5G-as-a-service.
– The company originally started in 1991 and grew into a $100m wireless infrastructure business.
– It partnered with wireless carriers and constructed cell towers, deployed DAS and small cells solutions for convention centers and stadiums, and set up electric vehicle charging stations.
– Betacom is using the fresh investment to roll out its new 5G networking service that it designs, deploys, and then manages via Microsoft Azure.
– The idea is to let enterprise customers own their network and control data.
– Use cases include an airport that wants to put check-in kiosks, cargo handling, and more on a private 5G network.

Source
Internet of Things North America Semiconductor Software Wireless

oneNav Lands $21M in Series B Funding, Unveils the World’s First Pure L5 Mobile GNSS Receiver

– oneNav announced that it has closed a $21m Series B funding round, led by GV, with participation from Norwest Venture Partners and GSR Ventures.
– The company also unveiled the world’s first pure L5 mobile GNSS receiver, which provides the highest location accuracy with half the footprint of existing solutions.
– Further validating the company’s unique mobile offering, oneNav has signed a strategic partnership agreement with In-Q-Tel Inc., providing U.S. intelligence and defense agencies with a first-of-a-kind GNSS technology solution.

Source
Eastern Asia Information Technology Internet Wireless

Global leading AMI vendor Ubiik Completes US$5M Series A funding

– 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.

Source
Europe Wireless

Nestwave Secures €2.4M Financing Round

– Nestwave is a Paris, France-based provider of low-power geolocation IP and cloud services for Internet of Things (IoT) applications.
– The company secured a €2.4m round of financing.
– Backers included the European Innovation Council, the European Commission’s newly established venture capital fund, and current investors Sofimac Innovation (Paris, France) and The Faktory Fund (Liege, Belgium).
– The new investment will be used to further accelerate the rollout of its hybrid-signal global navigation satellite system (GNSS) and cellular positioning technologies.

Source
Industrial Automation North America Robotics Wireless

Robotics safety system developer Fort Robotics raises $13M to tackle workplace automation

– Fort Robotics, a startup developing a safety and security platform for robots, today announced it has raised $13 million in a funding round led by Prime Movers Lab.
– With the new investment, Fort says it will more than double the size of its workforce and expand its product offerings in “key markets.”
– Worker shortages attributable to the pandemic have accelerated the adoption of automation. According to ABI Research, more than 4 million commercial robots will be installed in over 50,000 warehouses around the world by 2025, up from under 4,000 warehouses as of 2018. In China, Oxford Economics anticipates 12.5 million manufacturing jobs being automated, while in the U.S., McKinsey projects machines will take upwards of 30% of such jobs.
– Founded in 2018, Philadelphia, Pennsylvania-based Fort is CEO Samuel Reeves’ second startup.

Source
Big Data Data Visualization Hardware North America Software Wireless

Cipher Skin raises $5 million for mesh sensors that detect motion in real time

– Cipher Skin, a startup developing a network of wraparound sensors that can deliver big data diagnostics, today announced it has raised $5 million in a series A round led by Boyett Group.
– The company says the funds, which bring Cipher’s total raised to date to $7.8 million, will bolster development of the company’s existing product line and new products in markets like oil, gas, and winemaking.
– After his career in the U.S. special operations forces, Cipher CEO Phillip Bogdanovich started training in the gym with Craig Weller, a physical coach he met while serving in Baghdad.
– Bogdanovich says that as soon as he was separated from Weller, he noticed his recovery began slowing and his progress dropped off.

Source
CleanTech Electrical Distribution Energy North America Wireless

WiTricity Extends Recent Funding by $18M for a Total of $52M

– WiTricity announced an additional $18m to its previously announced October fund raise of $34m.
– The extension included investments from Tony Fadell’s Future Shape and other private investors. Fadell also joins WiTricity’s newly formed Board of Advisors.
Stage 1 Ventures led the first tranche of $34m with participation from Air Waves Wireless Electricity and a strategic investment by Mitsubishi Corporation through its U.S. subsidiary, Mitsubishi Corporation (Americas).
– As global automakers race to support both consumer and government-generated demand for zero-emissions vehicles, they are also developing wireless charging capabilities that will improve the owner experience.

Source
Network Hardware North America SaaS Smart Home Wireless

Plume picks up $270M at a $1.35B valuation to power smart home Wi-Fi for broadband providers

– Plume, a mesh-Wi-Fi platform, raised $270m funding.
– The round was led by Insight Partners and values the company at $1.35 billion.
– The company has deals in place with some 170 carriers around the globe that provide residential broadband services, reselling Plume’s mesh technology as a way to improve home Wi-Fi connectivity.

Source
Crunchbase icon

Content report

The following text will be sent to our editors: