SIGFOX is the first company to provide global cellular connectivity to the internet of things, an intelligent global network connecting everyday devices without human intervention. Based on its own very long-range radio technology, SIGFOX is currently deploying a worldwide network, which it plans to roll out in 60 countries within the next five years.
Venture capital support from Elaia, Partech, iXo, Intel, Idinvest and Bpifrance has been critical in providing the funding needed to develop the product and the network. Beyond the financial support during the network deployment stage, the investors have advised SIGFOX on its strategic plans, from the industrialisation of its product through to international development. The investment has helped put the company at the forefront of mobile connection for the internet of things, while developing solutions that reduce energy consumption and costs for connected devices. Most recently, the company raised a €150m venture capital round for further expansion in 2016.
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