PubNub, a San Francisco, CA-based Data Stream Network for mobile applications and IoT (Internet of Things), secured $20m in Series C funding.
The round was led by Sapphire Ventures with participation from existing investors Relay Ventures and Scale Venture Partners.
The company intends to use the funds to scale up sales and marketing operations and accelerate global growth.
Led by Todd Greene, CEO, PubNub is a secure global Data Stream Network (DSN) and easy-to-use API that enables its customers to connect, scale, and manage realtime applications and IoT devices. It enables two-way communication and device control worldwide via an API and a set of features.
The company, which has over 2,000 customers and partners, is currently averaging 20 million real-time transactions per minute on over 200 million devices worldwide.
FinSMEs
01/07/2015