cross pond high tech

Low Power Wide Area (LPWA) network specialist Actility raised $75 million in new capital, as it looks to enhance its portfolio of industrial IoT solutions across different verticals, accelerate in the US and boost its position in China.

The company, which is a co-founder of the LoRA alliance and developed its global IoT solutions on the LoRaWAN standard, raised the capital as part of its Series D funding round, which attracted a group of new investors; Creadev, Bosch and Inmarsat.

Actility said a second closing later this month would see additional strategic investors join the company “in support of this over-subscribed capital raise”.

It already counts major players as backers including KPN, Orange Digital Ventures, Swisscom and Foxconn, after raising $25 million in its Series C funding round, completed in 2015.

Actility bases its offering around its ThingPark platform, which it said is powering “most national and large scale LPWA rollouts worldwide”.

The company revealed the platform had also grown more industrial, to not only support the LoRaWAN standard, but also other standardised LPWA technologies including LTE-M and NB-IoT.

On the face of it, Orange has made a pretty strong commitment to LoRa, one of a crop of low-power, wide-area (or LPWA) network technologies designed to support more rudimentary Internet of Things (IoT) services. 

In November, the French incumbent revealed it was building a LoRa network in 17 of France's biggest cities and would gradually roll out the network on a nationwide basis thereafter. A few months earlier, its venture capital arm, Orange Digital Ventures, stumped up $3 million of the $25 million in funding then raised by Actility, a French company developing OSS and BSS functionality for LoRa deployments. (See Telcos Invest in IoT Tech Startup.)

Yet Orange (NYSE: FTE) has acknowledged that LoRa is far from ideal. As an "open" technology, it holds strong attractions for the service provider over Sigfox, another LPWA technology that is fully proprietary. But this openness combined with LPWA's reliance on unlicensed spectrum is also problematic, admits Luc Bretones, the executive vice president of Orange's Technocentre-named product and design facilities.

Actility, the industry leader in low power wide area networking, today announces that Tom Wheeler, former chair of the US Federal Communications Commission in the Obama Administration, has joined the Actility Board. Wheeler is a passionate advocate to the development of internet solutions that increase productivity, believing that the value-add in Web 3.0 will come in leveraging information collected from connected sensors that enhance business processes across all industries, and monetization will no longer be driven only by targeting content at consumers. Wheeler’s appointment demonstrates Actility’s determination to achieve a leading role in that Web 3.0 future