Internet of Things, Afero Completes $20.3M Series A Venture Capital Funding

Afero, a Los Altos, CA-based platform bringing secure connectivity to the Internet of Things for both enterprises and the home, completed a $20.3m Series A financing.

The round was led by Samsung Catalyst Fund, with participation from SoftBank Group, Fenox Venture Capital, Presidio Ventures, Sanshin Electronics Co. Ltd., Robert Dobkin, and Assembly Partners.

Led by Joe Britt, CEO and co-founder, Afero provides a platform for cloud-connected devices in any industry. Its architecture incorporates a secure Bluetooth® Smart module, scalable cloud services, and a range of development tools that enable companies and developers to prototype and build connected devices for both the home and the enterprise IoT market, and then gather analytics.

The company, which has announced partnerships with industry leaders Murata, Infocom, and BANDAI NAMCO Studios, serves players in the automotive, retail, manufacturing, consumer electronics, gaming, healthcare, office supply industries.

FinSMEs

18/05/2016