Actility advances to $75m series D

Apr 13, 2017 • Robert Lavine

The internet-of-things technology developer has pulled in funding from backers including Robert Bosch, Foxconn, Inmarsat, Swisscom, KPN and Orange.

France-based internet-of-things (IoT) technology provider Actility secured $75m yesterday in a series D round that featured a range of corporate investors.

The round included industrial product maker Robert Bosch, manufacturing services provider Foxconn, satellite telecommunications company Inmarsat and telecommunications firms Swisscom, KPN and Orange, the latter through its Orange Digital Ventures unit.

Private equity firms Creadev and Idinvest Partners, venture capital firm Ginko Ventures and French government-owned investment bank Bpifrance filled out the series D participants. The company expects to…

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