SoftBank has led a $103m series B round for the IoT network and hub developer, a spinout of Stanford, that made up one of two rounds it has raised.
Skylo Technologies, a US-based internet-of-things (IoT) network developer spun out of Stanford University, came out of stealth today with $116m, including $103m from a series B round led by internet and telecoms group SoftBank.
The corporate was joined by Moore Strategic Ventures, the personal investment vehicle for Louis Bacon, as well as DCM and Innovation Endeavors, the venture capital firms that co-led Skylo’s previously unannounced $13m series A round, which included Moore Strategic Ventures.
Spun out of Stanford’s…
