February 11, 2015
Dear clients and partners,
Since our creation in 2009, the goal has been to deploy a worldwide network for the IoT that will be easy to use and optimized in terms of costs and energy consumption.
On behalf of the whole SIGFOX team and its financial partners, I’m proud to announce that the company just made a further step towards its development by finishing a round of VC fundraising with the record amount of 100 M€ and seven new strategic, simultaneous investors:
AIR LIQUIDE, ELLIOTT MANAGEMENT CORPORATION, EUTELSAT, GDF SUEZ, NTT DOCOMO VENTURES, SK TELECOM, TELEFONICA.
Today, hundreds of applications are available to take advantage of the properties of this unique network. The fact that big telcos participated in the round shows that SIGFOX complements existing networks by providing either primary connectivity for objects that are under big cost or/and autonomy constraints, or backup connectivity for equipment that already has GSM, WiFi or Bluetooth connectivity.
The terrestrial infrastructure deployed by SIGFOX will soon be enriched by satellite connectivity so that there won’t be any spot on Earth that can be left out. This unique protocol that can connect every object on Earth and at sea, and that will keep its low power consumption and low-cost characteristics, is also what the new industrial investors are supporting.
From now on, there is no excuse for not integrating SIGFOX into your equipment/devices!
In parallel to this VC round, we have concluded major partnership deals to significantly increase the network coverage area. As always, we will do our best to allow you to connect your objects across the world!