KNL Networks, an Oulu, Finland-based provider of a secure data communication platform, raised $10m in Series A funding.
The round was led by Creandum with participation from existing investors Inventure and Butterfly Ventures and angels including John Lindfors from DST Global.
The company intends to use the funds to expand operations globally.
Co-founded by Toni Lindén, CEO, Matti Raustia and Teemu Vanninen, KNL Networks provides a communication system – CNHF radio system (which stands for Cognitive Networked HF) – that relies on short wave radio transmissions capable of providing IP-based communications, allowing data to be transmitted over thousands of kilometers, whether in the middle of an ocean or in a remote location in Africa, Asia or South America.
Applications include ships sailing the seas, oil and gas fields on remote locations, and research activities on the South Pole, which require reliable and secure long-range communications.
FinSMEs
27/10/2016