Hiber 15m series ventures 20mtakahashiventurebeat
Hiber 15m series ventures 20mtakahashiventurebeat, a global Internet of Things (IoT) connectivity provider, has recently announced that it has raised $15 million in a Series B funding round. The funding was led by European venture capital firm Atomico, with participation from existing investors like Finch Capital and T-Mobile. The company plans to use the funds to expand its IoT connectivity services and accelerate its growth in the market.
Body Hiber’s IoT Connectivity Services
Hiber provides IoT connectivity services through its satellite network, which allows devices to connect to the internet from anywhere in the world. The company’s low-cost, low-power satellite modems enable IoT devices to transmit data over long distances without the need for cellular or Wi-Fi networks. This makes Hiber’s services ideal for use cases like asset tracking, environmental monitoring, and remote sensing.
The Series B Funding Round
The $15 million funding round was led by Atomico, a European venture capital firm that has previously invested in companies like Klarna, Lilium, and Stripe. Other participants in the round included Finch Capital, T-Mobile, and existing investors like Hartenlust Group and Netherlands Enterprise Agency. The funding will be used to expand Hiber’s IoT connectivity services and accelerate its growth in the market.
Hiber’s Growth Potential
Hiber’s unique approach to IoT connectivity has the potential to disrupt the market and enable new use cases for IoT devices. The company’s low-cost, low-power satellite modems make it possible to connect devices in remote areas where traditional cellular or Wi-Fi networks are not available. This opens up new opportunities for industries like agriculture, mining, and logistics, where real-time data is critical for decision-making.
Conclusion
Hiber’s $15 million Series B funding round is a testament to the company’s potential in the IoT connectivity market. With its low-cost, low-power satellite modems, Hiber is well-positioned to disrupt the market and enable new use cases for IoT devices. The company’s expansion plans and growth potential make it an exciting player to watch in the coming years.
