Actility, a provider of IoT network solution, has mobilized 22.5 million euros from telecom service providers Orange, KPN and Swisscom, Ginko Ventures, the European investment fund of Foxconn, BPI, Electranova and Truffle.
The investment will assist Actility to accelerate its go-to-market strategy for ThingPark, its open standard for IoT network solutions. Actility also aims at developing technology partnerships to strengthen IoT ecosystem.
Actility’s ThingPark is designed to enable IoT services for any market sector, offering IoT connectivity and ready-to-sell applications in less than one month. It is a Low Power Wide Area (LPWA) radio network built on the LoRaWAN standard, developed and supported by the LoRa Alliance. ThingPark represents the first LoRaWAN interoperable platform to serve the IoT market for every use case.
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 (five to 15 years battery life on average). Actility’s ThingPark provides the technology to connect both long range and low power sensors.
ThingPark uses unlicensed ISM band spectrum, allowing low cost and fast roll-out of IoT networks to accommodate industrial and consumer sensors for a range of IoT applications. ThingPark makes it possible to transmit low data rate signals up to 15km at low cost.