Leading IoT Tech Firm SENSORO Raises $18M in Series B
SEATTLE, April 24, 2017 /PRNewswire/ — SENSORO, a leading Internet of Things (IoT) sensor device and network technology company announced their securing of $18 million in Series B funding from Bosch, Sumitomo and Tsing Capital. Following first round financing of $10 million from Nokia Growth Partners in 2015, SENSORO’s Series B investment serves as an endorsement of the company’s vision and execution.
«The Internet of Things is happening today and will significantly transform the way how we live», says Hongquan Jiang, Partner at Robert Bosch Venture Capital GmbH. «We believe SENSORO’s robust and easily deployable technologies will accelerate this transformation and change how we see our environment and make decisions. We are excited to see potential collaborations between Bosch and Sensoro in IoT.»
SENSORO’s flagship technology line, the Alpha Product Suite, provides long-range, low-power solutions for large-scale IoT sensor networks.
«Our mission at SENSORO is to leverage technology to create a better, safer, and smarter way of life,» said Vivian Li, SENSORO Co-Founder, CSO. «We are building technologies that will play a critical role in the IoT ecosystem and that will facilitate widespread implementation of intelligent resource management and life safety solutions.»
SENSORO is providing the IoT technology for various smart city projects in the UK, Europe, Malaysia, and China. SENSORO technology delivers environmental monitoring and asset tracking for Manchester City Verve, STORM, Putrajaya – Multimedia Super Corridor (MSC), and Nanjing China, Fire Safety Department.
SENSORO is focusing on two major fields within IoT: environmental monitoring and asset tracking. The company anticipates producing and shipping over 100,000 environmental related devices and 500,000 asset tracking tags in 2017 to support infrastructure in cities, buildings, and industries including: manufacturing, oil and gas, warehousing, logistics, fleet management, and retail.
SENSORO was founded in 2013 as part of the Microsoft Accelerator program. The company manufactures beacon devices that collect and send information based on proximity and wireless sensor networks that aggregate digital data from the physical world for IoT applications. SENSORO customers have deployed over 400,000 beacons in over 75 countries worldwide. SENSORO is headquartered at Seattle with offices in Beijing, Shanghai, and Shenzhen.
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SOURCE SENSORO INC.