Sigfox, a leading provider of a solution for global communication dedicated to the Internet of things (IoT), announces the closing of a new round table financial record of 150 million euros in order to accelerate the expansion of its international network and to achieve a global coverage.
Salesforce, Total, Henri Seydoux, Alto Invest, Swen CP and Tamer Group to join the list of investors Sigfox. The historical shareholders, such as Bpifrance, Elliott, Intel Capital, Air Liquide, Idinvest Partners and IXO reinvest also in the business. Other investors should participate in this new round of funding in order to meet the 150 million euros.
The Internet of things, connecting the physical world which surrounds us, opens today new perspectives and opportunities. Sigfox gives a voice to billions of objects and enables them to play a major role in the economic and social development of the world.
In only 5 years, Sigfox has built a unique network offering global connectivity, low-cost and low-energy-consuming sensors, objects and equipment connected to it. Thanks to Sigfox, all objects will be connected to the cloud at lower cost, drawing on energy sources in the surrounding area. This promise, coupled with the significant developments made by the company over the last 18 months, has contributed to the success of this new round of financing.
With more than 10 million items registered on its network and a presence in 26 countries, Sigfox strengthens its position as an international leader in the field of the IoT. This new fundraising will allow the company to expand its network to cover 60 countries by 2018, representing 90% of global GDP, as well as reaching a financial balance.
Sigfox sees Industry 4.0 as one of the main growth drivers of the development of the Internet of things. The needs for predictive maintenance, as well as the ongoing transformation of its economic model towards more services explain why Total has joined with the other industrial supporting the international development of Sigfox.
” We are happy to support the development of Sigfox, as the technology offered by the company can be decisive to accelerate the deployment of the Internet of things. It is their advance acquired on the market in a short time as well as their ability to accelerate the deployment solutions IoT on a large scale that has motivated our investment, ” commented Patrick Pouyanné, ceo of Total. “This type of solution will improve the performance and operational safety in industrial activities, reduce operating costs, but also to be used to better serve our customers. “
one of The issues-key to the IoT to optimize the industrial processes is to implement new algorithms inspired by the rise of BIG DATA. By integrating with the technology, IoT, Cloud-based Salesforce, Sigfox and Salesforce will allow any business to take the right decisions, for the right customer, at the right time and from anywhere in the world. By connecting billions of objects and events in the cloud, Sigfox and Salesforce IoT Cloud facilitate customer experiences more rich.
Intel Capital, IDinvest Partners and IXO PE, the historical shareholders of Sigfox, have actively participated in this new capital increase.
” We are more than confident that Sigfox has helped to unlock the brakes on the deployment of the Internet of things and give life to billions of connected objects in the near future. Its cost effective solution, simple and open is becoming a standard in terms of connectivity, low-throughput, and delivers significant productivity gains for organizations and profits on a daily basis to the final consumer, ” said Franck Tuil, Senior Portfolie Manager at Elliott.
” I have created Parrot 22 years ago and I know the effort that this is run a large-scale vision. As administrator Sigfox, I was able to see the impressive progress made by the company in the past 3 years. Today, I am convinced by its potential and its ability to be in phase with the market. Beyond my financial investment, I am very pleased to bring to Sigfox my support as a contractor, ” says Henri Seydoux, CEO of Parrot.
” The Internet of things is the next revolution that will lead to huge investments and commercial developments in the next ten years. We are very proud to support Sigfox, a provider of infrastructure that will benefit our entire ecosystem of startups, ” says Paul François Fournier, executive director of Bpifrance.
” I joined the adventure Sigfox 18 months ago thanks to the powerful vision of its founders and the unique positioning of the company as a major player in the revolution IoT. The pace of our international expansion is possible thanks to the support of our local operators, but also to the growth of our ecosystem, two elements have played a decisive role in this new fundraiser. This will allow us to go further in the deployment of our network from 26 countries today to 60 in the coming two years, ” says Xavier Drilhon, ceo of Sigfox.
” When we met in 2010, we said that Sigfox could change the world, connecting the real world to the virtual world, with a new paradigm extract of the inherent principles of astrophysics. Today we have created the largest radio telescope in the world capable of connecting hundreds of billions of objects to Internet ” declares Christophe Fourtet and Ludovic Le Moan, the co-founders of Sigfox.
The capital increase announced this update includes a “greenshoe” to a new strategic partner and financial reach soon the capital of Sigfox.
Source : press Release
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