{"id":4608,"date":"2022-01-20T09:16:06","date_gmt":"2022-01-20T09:16:06","guid":{"rendered":"https:\/\/mailinvest.blog\/index.php\/2022\/01\/20\/iot-connectivity-startup-emnify-raises-57m-in-new-funding\/"},"modified":"2022-01-20T09:16:06","modified_gmt":"2022-01-20T09:16:06","slug":"iot-connectivity-startup-emnify-raises-57m-in-new-funding","status":"publish","type":"post","link":"https:\/\/mailinvest.blog\/index.php\/2022\/01\/20\/iot-connectivity-startup-emnify-raises-57m-in-new-funding\/","title":{"rendered":"IoT connectivity startup EMnify raises $57M in new funding"},"content":{"rendered":"

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Berlin-based \u201cinternet of things\u201d connectivity firm EMnify GmbH<\/a> is in expansion mode after closing on a $57 million round of funding today.<\/p>\n

London-based growth investor One Peak was the sole participant in the Series B round, which brings EMnify\u2019s total amount raised to more than $80 million.<\/p>\n

EMnify has created what it calls a \u201ccellular supernetwork<\/a>\u201d that connects millions of IoT devices around the world, including electric vehicles, energy meters, alarm systems, GPS trackers and thermometers. The company provides businesses with secure, reliable and borderless cellular IoT connectivity in any location, enabling them to connect easily and scale up to thousands of devices globally.<\/p>\n

The company says its IoT supernetwork is the largest independent IoT network of its kind, supporting local network access through 2G to 5G, LTE-M and NB-IoT from more than 25 cloud regions to more than 600 radio network operators in 195 countries.<\/p>\n

EMnify Chief Executive Frank Stoecker explained that his company provides the underlying technology that eliminates what is otherwise usually a very cumbersome task for many companies \u2013 connecting assets or sensors to a businesses\u2019 operations in situations where Wi-Fi is not an option.<\/p>\n

\u201cJust like Stripe and Twilio, EMnify is an infrastructure element that positions us as an ingredient brand for digital-first companies that need to scale quickly,\u201d Stoecker said. \u201cWhat Twilio did for human-to-human communications, we are doing for machine-to-machine communications.\u201d<\/p>\n

EMnify is doing it for a lot of customers too, claiming to be helping \u201cfast-growing IoT companies\u201d in more than 70 countries.<\/p>\n

Stoecker said the company now plans to accelerate market expansion and product development globally, with a particular focus on growing in the U.S. market, which is already home to 20% of its customer base.<\/p>\n

One Peak Managing Partner David Klein said the need for location-independent, real-time data is greater than ever, and that EMnify is paving the way by providing borderless connectivity as a cloud-native resource analog.\u00a0\u201cWe believe the company has all the ingredients in place to become the global standard in cellular IoT connectivity and look forward to supporting EMnify during its next phase of explosive growth,\u201d he said.<\/p>\n

EMnify said it will use today\u2019s funds to further develop its proprietary cellular IoT technology, expand its leadership team and double its headcount to support its planned U.S. market expansion.<\/p>\n

Image: EMnify<\/h5>\n
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