Sunsea Telecommunications co-led the round as part of a partnership that will help IoT management software developer Ayla Networks expand in China.
Telecomminications equipment manufacturer Sunsea Telecommunications co-led a $60m series D round yesterday for Ayla Networks, a US-based provider of software that streamlines internet of things (IoT) system management.
Investment firm Run Liang Tai Fund co-led the round, which the increased the company’s overall funding to approximately $119m.
Ayla operates a cloud-based platform that allows third-party manufacturers to easily integrate IoT functionality into their devices, facilitating the development of smart products.
The cash will be used to expand Ayla’s product capabilities…
