UnaBiz, a Singapore-based massive internet of things (IoT) service provider and integrator, has announced the successful first close of its $25 million pre-series C funding with participation from KDDI Open Innovation Fund 3 (KOIF III) and KYOCERA Communication Systems Co., Ltd (KCCS).
This capital injection follows UnaBiz’s successful acquisition and integration of Sigfox 0G technology, which now operates with a healthy and profitable profit and loss statement thanks to continued revenue growth and streamlined operations, Una Biz said in a statement on Thursday.
According to the statement, the fresh funds will be used to support the strategies of security industry growth, deepening logistics and supply chain market penetration and utilities expansion with hybridation.
It is noted that n the last one year, UnaBiz has connected an additional 1 million devices in the security industry.
The firm is now investing in partnerships with major automobile and motorbike manufacturers to scale its telemetry and anti-jamming services globally.
The firm is also expanding on the recent success of its artificial intelligence (AI)-powered WiFi-geolocation services, and is targeting use cases such as pallets and parcel tracing.
The firm is also accelerating its market-share in the gas
and water utility segment with additional hybrid solutions leveraging multi-tech network technologies.
It is noted that in two years, UnaBiz added 4 million new devices to the global 0G Network, making it the single largest unlicensed LPWAN network globally.
“Our transformation is complete! Since the acquisition of Sigfox 0G technology, we have unleashed its full potential by opening up the tech, and unlocking fresh opportunities for IoT deployments and applications across the entire LPWAN ecosystem,
“Today, we are one of the largest aggregators of massive IoT solutions globally, with 13.5 million devices connected, of which four were added in the last 24 months alone.” said Henri Bong, Chief Executive Officer and Co-Founder of UnaBiz.
Meanwhile, Alexis Susset, Chief Technology Officer and Executive Vice President of UnaBiz Japan & South Korea, added that Japan has played a pivotal role in UnaBiz’s growth, thanks to a rapidly expanding ecosystem of partners and customers deploying and scaling solutions across its key verticals: utilities, supply chain and logistics, and security.
“KDDI and KCCS’s continued investment reinforces our commitment to advancing massive IoT technologies and business models with our Japanese partners,” he added.
Kazuhiko Chuman, General Manager of KDDI Corporation’s Open Innovation Division which promotes investment and business co-creation through KOIF III, said UnaBiz has been at the forefront of expanding the Sigfox 0G Network business, contributing significantly to the creation of an IoT business ecosystem.
“Today, UnaBiz is an indispensable presence across various industries, earning the trust of numerous customers and partners both domestically and internationally,
“Through our collaboration with UnaBiz, KDDI will continue to drive further growth in the IoT market,” he added.
Yoshiaki Nagai, Deputy General Manager, ICT Group and Division Manager, Wireless Solutions Division of KCCS added, they are pleased to further strengthen their ties with
UnaBiz through this funding round.
“By acquiring Sigfox 0G technology, UnaBiz has become a gateway for Japanese companies to export their IoT solutions globally,
“We look forward to working closely with the team to expand our solutioning business around the world,” he added.
UnaBiz is a global massive IoT service provider and integrator that specializes in solution design, manufacturing, connectivity, and data platform services across a hybrid of network communication technologies to power sustainable business growth.
The firm owns the Sigfox 0G technology which powers the global 0G network that connects over 13 million sensors for 1500 business to business (B2B) customers in collaboration with 70+ national 0G operators and global strategic partners.