Valid Soluciones Tecnologicas and existing investors Qualcomm and Audi Electronics Venture took part in a round that boosted Cubic's total funding to $88m since 2006.
Ireland-based internet-of-things (IoT) platform developer Cubic Telecom raised $47m in series C funding yesterday from investors including mobile semiconductor producer Qualcomm, digital technologies provider Valid Soluciones Tecnologicas and carmaker Audi.
The round also featured sovereign development fund Ireland Strategic Investment Fund (ISIF), while Audi invested through its Audi Electronics Venture subsidiary.
Founded in 2006, Cubic Telecom produces software that helps IoT and machine-to-machine devices connect to the internet and communicate through data, voice or text. In addition to being investors,…
