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Mobile & Wireless

Sigfox raises EUR 10 mln in Series B funding

Thursday 6 September 2012 | 11:53 CET | News
French M2M and internet of things network operator Sigfox has raised EUR 10 million in series B funding led by Intel Capital together with existing investors Elaia Partners, Partech Ventures and iXO Private Equity. The new funds will be used to deploy a very low throughput network covering the whole of France and several foreign countries, according to Sigfox CEO Ludovic Le Moan. The company's patented ultra narrow band (UNB) technology allows it to operate a network on unlicensed frequency bands available worldwide. It can deliver long-range data transmissions with only a few antennas requiring less power-consumption and putting out fewer emissions. The Sigfox offer includes subscription to the network, service tailored to fit the need of defined volume data, data streams encapsulated into web services for direct integration into customers' IT, and access to a dedicated service monitoring interface.

Categories: Mobile & Wireless
Companies: Intel Capital / Sigfox Wireless
Countries: France
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