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Telefonica, NTT, SK invest in French IoT company Sigfox

Wednesday 11 February 2015 | 09:05 CET | News
French IoT network company Sigfox has raised EUR 100 million from seven investors including Telefonica, NTT DoCoMo and SK Telecom, to help it build its networks in more countries, Reuters has learned. This will be the third investment round for Sigfox, founded in 2010. Other investors include French gas utility GDF Suez, Air Liquide and hedge fund Elliott Management. The investors have signed commercial agreements to use Sigfox's system. Sigfox's low bandwidth network covers France, Spain the Netherlands and 10 cities in the UK. It has several million connected objects, including in 5 million

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Categories: Mobile & Wireless
Companies: NTT DoCoMo / Sigfox / SK Telecom / Telefonica
Countries: France / World
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IoT


Comments

Sigfox has opened up the IoT space in Europe, and its clear that this round shows investor interest in building comparable networks around the world. They are going to face a lot of competition in the US and Canada - from Link Labs, Neul, OnRamp, etc. Check them out too. It will be really fun to watch this play out.
Anita Gomez @ 11/2/2015 - 16:45


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