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Mobile & Wireless

Sigfox Wireless raises funds to market low-band M2M systems

Wednesday 26 January 2011 | 09:26 CET | News
French start-up company Sigfox Wireless has raised EUR 2 million from iXO Private Equity, Elaia Partners and Partech, reports Les Echos. Sigfox has developed a narrow-band radio transmission technology for M2M communications as an alternative to existing M2M technologies using GPRS or 3G. Company co-founder Thierry Bailleul points to the high cost and limited range of broadband wireless. Sigfox claims its approach is cheaper and more energy efficient, capable of sending data over several tens of kilometres at only 10 MW. Sigfox is working on low-bandwidth applications for location services, defence, space, telemedicine and other areas. The 15-strong company headed by Ludovic Le Moan was formed in 2009. The money raised will be used for costs related to selling its systems to equipment makers.

Categories: Mobile & Wireless
Companies: Sigfox Wireless
Countries: France / World
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