The Rakon-backed internet-of-things deployment company has received a $7.9m commitment from Clean Energy Finance Corporation for its latest round.
The Australian government’s Clean Energy Finance Corporation (CEFC) has committed up to A$10m ($7.9m) to the A$20m series B round being raised by Australia-based connected device network services provider Thinxtra.
The round will value Thinxtra at A$66m, according to ZDNet, meaning CEFC would acquire a stake of about 15% in the company, should it invest the full amount. CEFC, Australia’s clean energy bank, is providing the capital through its Clean Energy Innovation Fund.
Thinxtra is deploying low-powered wide-area network technology…
